Flavio Briatore Net Worth 2021
Flavio Briatore is an Italian businessman and the former manager of Lewis Hamilton before he was fired in 2009 by McLaren team principal Ron Dennis. He is currently managing director of Renault F1 who has signed up Daniel Ricciardo for the 2017 season after they finally lost their star driver Fernando Alonso who left them after 4 years to rejoin the mighty team of Scuderia Ferrari for the 2017 and 2018 seasons. Briatore was born in Verzuolo near Cuneo and began his career with Italian rally driver and tycoon, Diego Dominguez where he worked as a gofer before establishing himself in Modena.
As an entrepreneur, with technical know-how, Flavio understood that several areas of expertise were crucial to Formula 1 success: public relations; advertising; marketing; sponsorship negotiation; personnel management; and financial control. In 2009 it emerged that Renault had been fixing the number of engine cylinders used per race since at least halfway through the 2006 season on orders from its director of engineering Pat Symonds so they could make their car races more competitive.
Flavio Briatore Net Worth
- Net Worth:$400 Million
- Date of Birth: Apr 12, 1950 (71 years old)
- Gender: Male
- Nationality: Italy
Renault was excluded from the F1 championship that year instead of being thrown out for good. The FIA said the team’s actions “constituted a serious breach” of rules and Briatore, who was found to have known about the plan, was banned from any involvement in F1 until 2011. His ban was later quashed and he returned to manage Renault in 2012-2013 before taking over as managing director at Lotus F1 until they were bought by new investors in 2016 and renamed to Renault Sport Formula One Team.
Briatore’s net worth is currently $500 million (USD) after selling part of his stake at Renault when it gave him share options worth £34m (€40m) for a mere £500,000 (€560,000).