1) Toto Wolff is F1's richest Team Principal His current net worth of $580 million makes him the wealthiest boss on the grid by a margin. Further, the Austrian currently gets paid a fixed salary of $9.1 million by the team. Wolff started his career as a racing driver himself.

Toto Wolff is the current Team Principal CEO of Mercedes- AMG Petronas F1 team. His current net worth of $580 million makes him the wealthiest boss on the grid by a margin. Further, the Austrian currently gets paid a fixed salary of $9.1 million by the team.

Who is the youngest F1 driver on the grid? The youngest driver on the F1 grid is Yuki Tsunoda. The AlphaTauri youngster is the only current F1 driver born in the 2000s, having been born on 11 May 2000, so he is currently 21 years old, and will have turned 22 by the end of the 2022 season.

How Much Do F1 Team Principals Earn 2022? (full List Of Salaries)

F1 team principals receive a salary anywhere from $1 million to $10 million per year. The amount they earn depends on a number of factors, including the team's budget, results, and their own experience. Since team principals are such a vital part of Formula 1, they are paid very well for their services.

How Much Do F1 Team Principals Earn 2022? (full List Of Salaries)

Toto Wolff: The forgotten story of when Mercedes F1 boss was a Red Bull driver. Toto Wolff is best known for being one of the most successful team principals in F1 history by spearheading Mercedes' unprecedented winning streak, but there was a time he raced in Red Bull colours.

The oldest driver on the F1 grid is Fernando Alonso, with the Spaniard starting the season aged 40.

Mattia Binotto is the current Team Principal of the Scuderia Ferrari F1 team. He has a total net worth of around $5-$6 million and gets paid a salary of $3 million.

What Is An Engine Penalty In F1? (full Explanation)

But one of the prices F1 teams have to pay for this comes in the form of engine penalties. An engine penalty in F1 is a grid penalty drivers face if they use more than their permitted number of engine components. F1 drivers are limited to using 3 engines per season.

What Is An Engine Penalty In F1? (full Explanation)

Williams F1 boss Jost Capito says Mick Schumacher is €œdefinitely on the list of drivers being considered for a seat with the team in 2023. The Grove-based outfit are looking for a new driver to partner Alex Albon in F1 2023 after confirming Nicholas Latifi's departure at the end of the current season.

If a driver receives a grid penalty it means their starting position in the next race is moved backward, no matter where they qualified for the race. For example, if a driver qualifies on pole position, a 5-place grid penalty means that they will start in 6th place on the grid for the race.

David Croft - Sky F1 commentator Croft has led commentary of every practice, qualifying and race session since 2012 for F1. He previously commentated on F1 for BBC Radio 5 Live from 2006-2011.

How Do F1 Grid Penalties Work? (beginner's Guide)

If a driver receives a grid penalty it means their starting position in the next race is moved backward, no matter where they qualified for the race. For example, if a driver qualifies on pole position, a 5-place grid penalty means that they will start in 6th place on the grid for the race.

How Do F1 Grid Penalties Work? (beginner's Guide)

The current system sees drivers qualify on a Friday, which sets the grid for the feature race on Sunday. However, the top 10 results from qualifying are reversed to form the grid for a sprint race on Saturday. The idea being the fastest drivers are challenged to work their way through the field.

Daniel Ricciardo is not expected to be on the Formula 1 grid in 2023, but is targeting a return in 2024. Oscar Piastri is replacing Ricciardo at McLaren next season. Watch the Japanese GP live on Sky Sports F1 on Sunday from 6am, with build-up from 4.30am.