Otmar Szafnauer is currently serving as the Team Principal of the Alpine F1 Team.Â
The Romanian has a background in engineering and a BS in electrical engineering. In 1986, he got a job as Programmes Manager at Ford Motor Company. Szafnauer stayed until 1998 when he tried Formula One for the first time.
With over 3 decades of experience in the industry, Otmar Szafnauer is one of the most experienced team principals on the grid. He has worked with some of the best teams in F1 like Aston Martin and Alpine.
But how much is Otmar Szafnauer worth? Is he one of the richest team principals in Formula One? Let’s take a clear look at Otmar Szafnauer’s salary and net worth in October 2022.
Otmar Szafnauer net worth 2024
$1.500.000
- Net worth was last updated:
Otmar Szafnauer’s net worth is estimated to be around $1.5 million. This puts him in the lower half of team principals when it comes to wealth.
 Key statistics |  |
| Net Worth | $1.500.000 |
| Salary from Alpine | <$1.000.000 |
| Investments | – |
| Loans and liabilities | – |
Otmar Szafnauer salary 2024
<$1.000.000
- The salary was last updated:
Otmar Szafnauer’s salary from Alpine is less than $1 million. This is a relatively low salary for a team principal, especially when compared to the likes of Toto Wolff and Christian Honner.
Table of Contents
Key takeaways
Here are some of the key aspects that you should know regarding Romanian engineer’s overall wealth:
- Otmar Szafnauer was born in Romania and has a BS in electrical engineering
- He has worked in Formula One for over 3 decades and is currently the team principal of the Alpine F1 Team
- Otmar Szafnauer’s net worth is estimated to be around $1 million
- His salary from Alpine is less than $1 million
- Otmar Szafnauer is one of the less wealthy team principals in Formula One. However, he is still relatively well-paid given his experience and position within the sport.
Lean more about Otmar Szafnauer
Now that you know about Otmar Szafnauer’s net worth and salary, let’s take a look at some other interesting facts about the Romanian engineer.
| Full Name | Otmar Szafnauer |
| Nationality | Romanian |
| Date of Birth | August 13th, 1964 |
| Height | – |
| Weight | – |
| Yearly salary | <$1.000.000 |
Early life
Otmar Szafnauer was born in Semlac, Arad County, Romania, on 13th August, 1964. He was born in Romania to a German-American father and a Romanian mother, but relocated to Detroit when he was seven years old. Aside from that, information about his parents and family background is kept private.Â
In terms of schooling, Otmar has a strong academic background. He graduated from Wayne State University in Detroit with a bachelor’s degree in electrical engineering. Following that, he went and got a master’s degree in business and finance from the University of Detroit. Meanwhile, while working for Ford, Szafnauer joined the Jim Russell Racing Driver School and began racing in Formula Ford in 1991.
Career
The Romanian-born American began his motorsport career in 1989, when he joined Ford as Racing Programs Manager. While working for Ford, he joined the Jim Russell Racing Driver School and briefly raced in Formula Ford and Formula 2000.
Otmar began his career in Formula One in 1998 when he was hired on as the first Operations Director for British American Racing (BAR). After that, he was promoted to the position of Vice President of Racing Developments for Honda and joined the Management Board of the Honda Formula One Team.
Otmar continued in Formula One and joined Force India in 2009, during which time he oversaw the team’s rise from a ninth-place finish in the Championship in 2009 to consistent finishes in the top five starting in 2015, including a fourth-place result in both 2016 and 2017.
The 57-year-old most recently guided the team through rebrandings to Racing Point in 2019 and 2020, and Aston Martin in 2021, before joining Alpine ahead of the 2022 FIA Formula 1 World Championship.
Achievements
In appreciation of Szafnauer’s racing accomplishments in the field of motorsport over the course of the previous twenty years, he was inducted into the USF2000 Hall of Fame in the year 2013.
Family
Records from the media suggest that Otmar Szafnauer has never been engaged or married, and that he may be unmarried at this time. He appears to be a very private person who keeps his private life away from the public.
With over 3 decades of experience in the industry, Otmar Szafnauer is one of the most experienced team principals on the grid. He has worked with some of the best teams in F1 like Aston Martin and Alpine.
What Else Does He Own?
Now that we know about Otmar Szafnauer’s net worth and salary, let’s take a look at some of his other assets.
Otmar Szafnauer cars
As a result of his position as team principal for the Alpine F1 Team, it is likely that Otmar Szafnauer owns or has owned a number of high-performance cars. However, the specific make and model of his cars are not public information. We can assume, however, that he drives cars that befit his position and wealth.
Otmar Szafnauer house
Otmar Szafnauer’s house is located in the United Kingdom. The value of his home is not public information, but it is likely that it is worth a considerable amount of money.
Frequently asked questions
How much does Otmar Szafnauer earn in a year?
How rich is Otmar Szafnauer?
How is Otmar Szafnauer so rich?
Where did Otmar Szafnauer get his money?
How much does Otmar Szafnauer own the Alpine F1 Team?
Is Otmar Szafnauer a billionaire?
Otmar Szafnauer salary and net worth compared to other Team Principals in Formula 1
As we can see, Otmar Szafnauer is not the highest-paid team principal in Formula 1. However, he is still very well-compensated for his role with the Alpine F1 team.
In terms of net worth, Otmar Szafnauer is also not the richest team principal. He has an estimated net worth of $1.5 million, which puts him behind other team principals such as Toto Wolff and Christian Horner.
 However, this is still a very respectable amount of money. All in all, we can say that Otmar Szafnauer is doing very well for himself, both in terms of salary and net worth.
| Team principal | Team | Salary | |
|---|---|---|---|
| 1 | Toto Wolff | Mercedes | $8,000,000 |
| 2 | Christian Horner | Red Bull | $10,000,000 |
| 3 | Frederic Vasseur | Ferrari | $7,600,000 |
| 4 | Andrea Stella | McLaren | $7,600,000 |
| 5 | Alessandro Alunni Bravi | Alfra Romeo (Sauber) | $1,000,000 |
| 6 | Bruno Famin | Alpine | $1,000,000 |
| 7 | Mike Krack | Aston Martin | $1,000,000 |
| 8 | Guenther Steiner | Haas | $1,000,000 |
| 9 | Laurent Mekies | Alpha Tauri | $1,000,000 |
| 10 | James Vowles | Williams | <$1,000,000 |
Conclusion
So there you have it! This is everything that we could find out about Otmar Szafnauer’s salary and net worth. We hope that this article has given you a better understanding of his wealth and how he has earned it.Â
He is a very successful person and a respected figure in the world of motorsport. We can only imagine that his career will continue to be successful in the years to come.
Article sources
Disclaimer: Figures and information have been collected from various sources around the web. We try to do a careful job when it comes to reporting sources and also to be critical of which sources we use. We cannot guarantee that all figures are correct.
