The semi-retired American auto racing driver and current team owner Michael Andretti’s aspiration of owning a Formula 1 team is popular, but what is Andretti’s net worth since he is thinking of making an expansion from IndyCar?
A New Formula 1 Team
It has been thought about for years with auto leaders such as Audi or Porsche associated or hopeless like Stefan GP attempting to create their way up the plan.
Michael Andretti, who was associated with the Alfa Romeo/Sauber buy earlier this year, announced his intentions to step into the series from 2024.
But before anything gets confirmed, his prospective entry into Andretti Global needs approval from FIA.
Beginning an F1 team is a hotshot, though as Andretti’s name is in convoy, he is in a situation to conquer.
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What Is the Net Worth of Michael Andretti Since He Plans to Be the Eleventh Team on the F1 Grid?
Michael Andretti Net Worth Revealed
The 1991 CART champion Andretti is an ex-Formula 1 driver.
Andretti joined the McLaren team in 1993 to be in partnership with Ayrton Senna who has been a three-time world champion.
Since he retired from the first four races, it was a complicated beginning. In Italy, he asserted a podium finish, but it was already decided in the middle of the season that he will be replaced with Mika Hakkinen.
He came back to the United States and joined the team in 2003 which is now popular as Andretti Autosport following when he hung up his helmet.
During his tenure, Andretti Autosport gained 4 drivers’ titles and 6 Indy 500 titles as Andretti’s motorsports rule perpetuates.
According to a report, the net worth of Michael Andretti is expected to be nearly 40 million dollars.
His father Mario, announced Andretti’s plan to own an F1 team. His net worth is around $130 million, and he is also the last American world champion, back in 1978.
Andretti Global F1 Team
So, finally, F1 has got an initial opportunity marked ‘USA’, credit goes to Netflix propel for surviving Serie.
For the first time since 1984, in the US, there will be 2 Grand Prix this year when Miami joins the calendar along the side of the established race in Austin, Texas.
F1 also has an American team, however, Gene Haas has not been interested to dig into his pockets to finance his namesake squad, therefore, the pact with Dmitry Mazepin and Uralkali.
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Michael Andretti would also get along Colton Herta with him, a driver who is associated since long to F1, in case Andretti Global is planning to enter F1 and would be the 1st American driver as his Andretti Autosport teammate Alexander Rossi made some racing back in 2015.
We will keep you updated with all the latest information until then stay tuned.