Nigel Mansell’s Salary and Net Worth April 2024

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Nigel Mansell, a true man of excellence, became a part of Formula 1 in 1980 with the F1 Lotus team. He has been a part of several teams over the course of his career. The 69-year-old Brit is known for his wild passion and fiery competition. He won the World Championship title with Williams in 1992 and the  CART Indy Car World Series in 1993, making him the only person to win both titles.

What is Nigel Mansell net worth?

$ 90.000.000

Nigel Mansell has a net worth of $90 million. He is among the top 20 richest racing drivers in the world. He is also one of the most successful former British race car drivers for Formula 1.

Net worth$ 90 million
Salary from Williams

$ 5.5 million

Investments$ 4 million
Assets

Loans and liabilities

Nigel Mansell salary from Williams

$ 5.500.000

Nigel Mansell is a former race car driver who is remembered in the F1 industry as being one of the greatest of his time. During the peak of his career with Williams, he earned £4.7 million in a single season, making him the highest-paid British athlete of his time.

Table of Contents

Watch this video to see an interview with Nigel Mansell.

Nigel Mansell endorsements

Nigel Mansell, former world champion, had endorsement deals with various brands, including Hugo, Canon and Mobil. 

One of his significant sponsors was the luxury yacht brand Sunseeker.

Key takeaways

  • Nigel Ernest James Mansell was born in Upton – on- Severn in the heart of the UK to parents Eric and Joyce Mansell on August 8th, 1953.
  • Mansell made his first Formula 1 debut in the Australian Grand Prix in 1980 for the Norfolk-based Formula One team, Lotus. 
  • During his Formula 1 career he has been a part of several teams including Lotus, Williams and Ferrari. 
  • 1992, with Willams, was the most successful year of his F1 career, which finally led him to win the World Championship.
  • In a total of 15 F1 seasons, Nigel Mansell has won 31 Grand Prix at 19 different circuits.
  • He is the first driver ever to win the F1 World championship along with winning the IndyCar championship the following year. 
  • During his F1 career he has achieved the Best Driver ESPY Award as well as the BBC Sports Personality of the year award.
nigel mansell net worth

Learn more about Nigel Mansell

Fiercely passionate, threateningly ambitious and full of energy, Nigel Mansell was one of the finest race car drivers of his time. His 15-season career in F1 is filled with chaos, close misses, accidents, equipment failure, and an epic single-season record of 9 wins, 14 pole positions and 5 consecutive Grand Prix wins. He won the Formula One World Championship in 1992 and the CART Indy Car World Series in 1993.

Full NameNigel Ernest James Mansell
NationalityBritish
Date of BirthAugust 8th, 1953
Height5ft 11in
Weight
Salary$ 5.500.000

Early life

Nigel Ernest James Mansell was born in Upton – on- Severn in the heart of the UK to parents Eric and Joyce Mansell on August 8th, 1953. He has 3 other siblings. He grew up in Birmingham’s Hall Green district. From a young age, he was competitive as well as confident in what he did. 

He was passionate about speed, and his father would take him to local kart track races. When he finally got his own kart, he didn’t stop to beat all his fellow drivers. At the age of 10, he got his license, and he won his first race at age 14.

Early Career

He soon realized that to fulfill his dream of becoming an F1 driver, he had to be a part of British Formula Ford or Formula 3.

He took a one-day lesson in Formula Ford and went on to win his first race in it and eventually became Formula Ford Champion in 1977.

In 1978 he began racing in Formula 3. He raced in Formula 3 for the next two years. His driving skills were noticed by the owner of Lotus, and he was hired as a test driver for Formula 1.

Formula 1 Career

Lotus (1980-1984)

Mansell made his first Formula 1 debut in the Australian Grand Prix in 1980 for the Norfolk-based Formula One team, Lotus. Unfortunately, his first three races didn’t go well, with the first leaving him burnt, an engine failure and an accident in the second and third. This meant he failed to qualify. 

His four years as a Lotus driver were a struggle with the cars not performing well. However, he received his first podium after just 5 races. He only managed to finish 24 out of the 59 race starts throughout the four years. 

Williams (1985 – 1988)

In 1985, he was asked to be a part of team Williams, partnering with Keke Rosberg. For the 1985 season, he managed to take second place in the Belgium Grand Prix and went on to win his first race in the European Grand Prix. 

He began the next season with a new profound confidence and won a total of 5 Grand Prix in 1986. Mansell led most of the season in championship points. In the season Finale, Australian Grand Prix, Mansell narrowly missed out on winning the championship because of a tire explosion. He ended the season as runner-up to Alain Prost. His spectacular performance led him to become BBC Sports Personality of the Year.

He took six more victories in 1987, including an emotional win in the British Grand Prix. A serious accident in the Japan Grand Prix left Mansell with a severe back injury, ultimately making Piquet the world champion for the third time.

Since he won most of the races in the last two seasons, he was made the first driver for the 1988 season. During this season, he had chickenpox but still competed in the Hungarian Grand Prix, which led him to miss the next two Grand Prix. He only managed to finish two out of a total of 14 races, both being podium finishes. 

Ferrari (1989 – 1990)

He began the 1989 season with Ferrari by taking a victory in the Brazil Grand Prix, making him the first driver to win a race in a car equipped with a semi-automatic gearbox. The rest of the races were filled with mechanical problems as well as disqualification. However, the British driver managed to end the season by taking 4th place in the World Driver’s Championship.

The 1990 season followed with many technical car issues, forcing Mansell to retire from seven races. He managed to take only one win at the Portuguese Grand Prix and ended the season, taking 5th in the World Driver’s Championship. He later announced his retirement from Formula 1.

Return To Williams (1991 – 1992)

He was called back to join the Williams team in 1991. He signed a contract to be with them based on a number of conditions, along with paying him £4.6 million a season, making him the highest-paid British sportsman at the time. 

He went on to win five races for Williams in 1991 and ended the season by being the runner-up in the World Driver’s Championship for the third time.

Mansell started the 1992 season with five consecutive wins. He dominated most of the season that year and became the most successful British driver of all time when he won the British Grand Prix, as he broke Jackie Stewart’s record of 27 wins. He also went on to set the record for the most wins in one season, which was later broken by Schumacher in 2002. 1992 was the most successful year of his F1 career, which finally led him to win the World Championship. He won the BBC Sports Personality of the Year award again that year. Soon after being crowned World Champion, he announced his retirement for the second time.

Short Return To Formula 1

Williams (1994)

Williams requested Mansell to join the 1994 F1 season for the last four races in France, Europe, Japan and Australia. He took his final F1 win in the last race of the season, the Australian Grand Prix. That year Michael Schumacher took his first world championship title. 

McLaren (1995)

Mansell joined the McLaren F1 team for the 1995 season since one of their sponsors wanted a former world champion to be part of the team. He was only able to race in two of the races that year before opting out due to his car’s performance. 

After a full 15 seasons driving for the Formula 1 series and competing in 187 races, Nigel Mansell decided to hang his driving gloves for good. 

Nigel Mansell, one of the most successful former British race car drivers for Formula 1, has a net worth of $90 million. He is among the top 20 richest racing drivers in the world.

Highlights

  • He made his debut in Formula 1 with Lotus in 1980.
  • For the 1985 season, he managed to take second place in the Belgium Grand Prix and went on to win his first race in the European Grand Prix. 
  • In the 1986 season Finale, Australian Grand Prix, Mansell narrowly missed out on winning the championship because of a tire explosion. He ended the season as runner-up to Alain Prost. 
  • He began the 1989 season with Ferrari by taking a victory in the Brazil Grand Prix, making him the first driver to win a race in a car equipped with a semi-automatic gearbox.
  • In the Spanish Grand Prix in 1991, racing for Williams, Mansell outscored his rival, Ayrton Senna of McLaren, qualifying only a few seconds quicker than the Brazilian driver. 
  • Mansell’s victory in the 1991 British Grand Prix at Silverstone displayed true sportsmanship when rival Senna’s car stopped at the last lap, and he pulled over and allowed Senna to ride on his Williams back to the pits.
  • He went on to win five races for Williams in 1991 and ended the season by being the runner-up in the World Driver’s Championship for the third time.
  • He dominated most of the season in 1992 and became the most successful British driver of all time when he won the British Grand Prix, breaking Jackie Stewart’s record of 27 wins.
  • 1992 was the most successful year of his F1 career, which finally led him to win the World Championship heroically.
  • In 1994, Williams requested Mansell to join the season for the last four races in France, Europe, Japan and Australia. He took his final F1 win in the last race of the season, the Australian Grand Prix.

Favorite quotes from Nigel Mansell

With daring brilliance, coupled with fierce competition, the former British F1 driver Nigel Mansell has said many words of intelligence. Listed below are some of his favorite quotes.

  • “I’ve tried everything other than jumping out of a plane, but nothing gives you an adrenaline rush like racing a car.”
  • “I think life is full of challenges and problems. I don’t believe that anyone is perfect. We all make mistakes. It’s not a bed of roses, and you have to work real hard at it.”
  • “If something makes someone happy, then that’s what they should do.”
  • “Young people are so positive and have an answer for everything.”
  • “As you get older, you do reflect more. They were great times, but the biggest thing we all had to deal with a lot more disappointment from an engineering point of view; there was not the reliability that there is now.”
  • “Racing a thoroughbred grand Prix car in front of a home crowd will be a surreal and mighty experience.”
  • “The most satisfying race for me was the British Grand Prix in 1986 at Brands Hatch, when my racecar broke a driveshaft at the start. I had to climb into the T-car, which was set up for [team-mate] Nelson [Piquet], and I ended up winning in his car.”
  • “The preparation, commitment and desire to win will be no less than the last time I drove a grand Prix car in anger.”
  • “Motor racing is 99 percent downs and one percent ups. It’s a huge challenge, as there are so many things that can go wrong.”

What else does he own?

Nigel Mansell, the British 1992 F1 World Champion, has set up a Mitsubishi car dealership with his son in Jersey. 

He has also recently launched a collection of official digital collectibles and has also established a golf course in Devon. Moreover, he also owns the Squad UK Youth cycling team.

Fun Facts

While most F1 fans know of the legend Nigel Mansell, some of his things remain unknown. Here are some fun facts about the British Formula 1 star. 

  • Nigel Mansell’s sons are named Zansell and Xansell, but they are commonly known as Leo and Greg. 
  • Due to a long-term sponsorship deal with luxury yacht maker Sunseeker, he is obliged to use their name in conversations (even when not interviewing).
  • Every Friday, the McLaren cafe serves the famous “Mansell Special”, which is a block of lard with fries. 
  • He enjoys playing golf and reportedly has a mini golf course in his mansion.
  • Since his real mustache was damaged, the former champion is known to have a sophisticated false mustache made from carbon fiber. 
  • Mansell went off to IndyCar racing in America in 1993, where he immediately dominated, even on the unfamiliar high-speed tracks, and became the 1993 IndyCar champion. 

Nigel Mansell Personal Life

Nigel Mansell is married to Roseanne Mansell, who he married in 1975. The couple has two sons and a daughter together. 

His wife was diagnosed with cancer in 2004.

Nigel Mansell Cars

The Williams FW14 that he raced during the 1991 season and the Ferrari 640 in his first season with the Scuderia were both a part of his personal collection until he recently decided to part with them and held an auction in Monaco in May 2022. He also auctioned his Reynard 2KI, along with a 1990 iC Modulo M89, a gift by Lamattina after the 1992 Italian Grand Prix. 

He is also selling a 1991 Birkin Seven Sprint.

Nigel Mansell House

The British former F1 driver, Nigel Mansell, recently bought a mansion on a private island in Florida. The $5.3 million mansion features a water frontage with a dock. It has a pool, spa and a beautiful lawn. 

Mansell has owned other luxurious properties in various places previously, including another Belleair mansion. He is also known to have owned a Clearwater property known as Century Oaks Estate. 

He has also lived in a £6 million home in St. Brelade, UK.

Nigel Mansell boat/yacht

Having been sponsored by luxury yacht makers, Sunseeker, the former world champion owns his own sunseeker, called Red Five. The 94 feet Red Five, based in the Mediterranean, has a large beach club along with a built-in BBQ setup and space for a jet ski. 

Over the years, Mansell has been deeply involved with Sunseekers and has had a collection of luxurious yachts.

Nigel Mansell Charity

Nigel Mansell is the president of the charity organization UK Youth. It aims to provide young people with access to appropriate, high-quality services in their local communities. He has been actively raising funds for it for a long time. 

Moreover, he has also supported and been an ambassador of the Midlands Air Ambulance charity.

Frequently asked questions

How much did Nigel Mansell earn in a year in F1?

Nigel Mansell is one of the most successful British F1 drivers. During the peak of his career with Williams, he is reported to have been earning a whopping 4.6 million euros per season, making him the richest British sportsman at that time.

How rich is Nigel Mansell?

69-year-old Nigel Mansell, the former British race car driver for Formula 1, has a net worth of $90 million.

Why is Nigel Mansell so rich?

Nigel Mansell’s estimated net worth is reported to be $90 million. He has earned most of his wealth through his racing career, racing for various motorsports, including Formula 1, IndyCar and others. He also has endorsement deals with various brands, including luxury yacht maker Sunseeker.

Where did Nigel Mansell get his money?

As a former 1 World champion and winner of 31 races, most of Nigel Mansell’s wealth is acquired through his career as an F1 driver. He is recently reported to have auctioned several of his iconic cars.

Is Nigel Mansell a billionaire?

Nigel Mansell, the British Formula one world champion of 1996, has a net worth of $90 million, making him one of the wealthiest drivers in the world. However, he is not a billionaire.

Nigel Mansell net worth compared to active Formula 1 drivers

Nigel Mansell, a former British race car driver and 1996 World Champion, has a net worth of $90 million. When compared to active drivers such as Max Verstappen, who has a net worth of $250 million, and fellow British driver Lewis Hamilton, who has a net worth of  $285 million, Mansell’s net worth is relatively low. However, if his net worth is compared with that of Esteban Ocon and Valtteri Bottas, who have net worths of $20 million and $40 million simultaneously, his is on the higher side.

Nigel Mansell net worth compared to former Formula 1 drivers

Nigel Mansell’s net worth is estimated to be $90 million, making him one of the richest racing drivers in the world. However, if his net worth is compared to former F1 drivers, it falls somewhere in the middle. Compared with drivers like Jenson Button, having a networth of $150 million, and rival Alain Prost, having a networth of $100 million, Mansell has a slightly lower net worth. However, his net worth is higher than David Coulthard’s net worth of $80 million. When compared with the ultimate legend, Michael Schumacher, who has a whooping net worth of $800 million, Mansell’s net worth is very, very low.

Conclusion

Nigel Mansell is known to be one of Formula 1’s most exciting drivers ever. During his 15-season span in formula 1, he has raced with various teams, including Ferrari and Williams. Mansell reached the peak of his F1 career in 1992, racing for Williams when he set some new F1 records, including setting the record for the most wins and ultimately achieving the World Driver’s Championship title. He has a net worth of $90 million, making him one of the richest Formula 1 drivers. Without a doubt, Nigel Mansell remains a true legend of the Formula 1 industry.

Article sources

Lisette Holm
Lisette Holm
Lisette Holm is a Formula 1 expert who has not missed a single Grand Prix in the last 4 years. She is one of the founders and her job at Formulapedia.com is to educate others who are interested in F1 in order to raise their level of knowledge. Lisette cheers on Mercedes AMG-Petronas.

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