Jean Todt is best known as the former president of the FIA and has also held significant roles as the team manager and CEO of Scuderia Ferrari in Formula 1. Let’s explore his impressive net worth!
Biography of Jean Todt
Born in Pierrefort, France, in 1946, Todt’s passion for motor racing began early when he borrowed his father’s Mini Cooper S to help a friend enter a rally. Soon after, he began his own career as a rally driver and navigator, which he pursued until the end of 1981. Notably, in 1981, he and his teammate Guy Frequelin secured the World Constructors’ Championship for Talbot.
Jean Todt’s Net Worth
As a prominent figure in motorsport, Jean Todt made a lasting impact, particularly during his time as the Team Principal and CEO of Ferrari. Under his guidance, Ferrari became a dominant force in Formula One for several years. He served as the FIA President from 2009 to 2021 and has held the title of FIA Honorary President since December 2021. His successful career has contributed to a substantial net worth, estimated to be around $120 million according to various sources.
Factors influencing his net worth include:
– Income from FIA
– Changes in property values
– Investment performance
Todt’s Tenure at Ferrari
Joining Scuderia Ferrari in 1993, Todt was tasked with revitalizing the team. One of his key strategies was bringing Michael Schumacher from Benetton, along with persuading Ross Brawn to join. This approach paid off, as Schumacher clinched the Formula One World Championship five consecutive times from 2000 to 2005, and Ferrari claimed the Constructors’ Championship eight times during Todt’s leadership.
Role as Ferrari CEO
In 2004, Todt became the Chief Executive Officer of Ferrari, maintaining his role as team principal until 2006. Following Schumacher’s retirement, Todt transitioned to a “Special Advisor” role, which he held until 2008, before officially parting ways with Ferrari in March 2009.
Presidency of the FIA
After leaving Ferrari, Todt succeeded Max Mosley as FIA president. He was re-elected twice for four-year terms, serving until 2021. His final race as president was the 2021 Formula One Saudi Arabian Grand Prix, after which Mohammed Ben Sulayem took over.
Friendship with Michael Schumacher
Despite their professional success, Todt and Schumacher have maintained a close friendship. After Schumacher’s serious skiing accident in 2012, Todt remained a loyal supporter, visiting the Schumacher family regularly and watching F1 races together.
Personal Life
Born on February 25, 1946, Todt is currently 77 years old. He has been married to Malaysian-Chinese actress Michelle Yeoh since 2004. Additionally, he has a son, Nicolas Todt, from a previous relationship. Nicolas is a well-known manager in motorsports, representing several prominent drivers and having co-owned the French team ART Grand Prix until 2018.
In summary, Jean Todt’s remarkable journey through the world of motorsport, combined with his strong financial standing, cements his legacy as a key figure in the history of Formula One.