What is Flavio Briatore’s net worth? Flavio Briatore is an Italian businessman and former racing driver, born in Verzuolo near Cuneo on November 1, 1950. He was the main shareholder of the Renault Formula One team from 2002 to 2010 and played a part as chairman of QPR football club (Premier League) as well as brand ambassador for Billionaire Luxury Watches.
Briatore has been involved in several controversies but remains one of the most important figures in international business and motorsports. His net worth currently lies around $200 million US dollars according to celebrity net worth. He is ranked #465 on Forbes’ list of billionaires with an estimated worth of $2 billion dollars.
Briatore is known as a Ferrari fan and has been seen with models from their cars, such as the F430. He participated in 64 Formula One Grands Prix, debuting on 7 September 1977 at the Italian Grand Prix. He achieved one podium and scored a total of nine championship points. After his retirement from Formula One, he bought the old Tyrrell team before renaming it Renault F1 in 2002, being instrumental in signing Fernando Alonso from Minardi to replace double-world champion Michael Schumacher for the 2003 season. In early 2005 he sold his remaining share to Genii Capital investment group after seven years of ownership. On 18 October 2006, Briatore launched a book about his former driver Michael Schumacher called “Il Mistero”. The book claims that the reason why Schumacher ended his first stint at Ferrari was because of disagreements with Briatore.
Flavio Briatore Net Worth 2021
Net Worth:$400 Million
Date of Birth: Apr 12, 1950 (71 years old)
From 2007 to 2009, the Renault F1 team, under the name of ING Renault F1 Team, participated in Formula One. On 4 October 2009, Renault announced they were planning on pulling out of Formula 1 after the 2009 season due to the economic crisis and following their failure to secure a buyer before the start of this season. Flavio Briatore stated that he would take legal action over the decision by the company’s board not to reverse its decision even if it meant losing millions of pounds spent developing next year’s car. However, on 9 December 2009, Renault announced they would be staying in Formula One after all due to a rule change.
From the 2016 season onwards, Flavio Briatore acts as a brand ambassador and consultant for Billionaire Watches. The watches are known to sell at upwards of $1500 and come with unique and luxurious designs and features such as mother-of-pearl, diamonds, full diamond-set dials, etc.