The principal of the Haas F1 team, Guenther Steiner, is one of the most renowned personalities in the world of Formula 1 Racing. He has been in this field since 2011 and has seen a lot of ups and downs throughout his 22 years career. From his giving services to Jaguar, Redbull, and then eventually to Haas, Guenther has made a name for himself. Since Guenther Steiner is in a quite senior position at Haas, everyone is curious to know how much money he makes. So, what is Guenther Steiner Salary? Keep reading to find out.
Gunther Steiner Career
Steiner comes from an engineering background. However, he didn’t complete his graduation and started working as a mechanic for Mazda Rally Team Europe in the World Rally Championship. From 1989 to 1990, Steiner served as an assistant manager for Top Gun Srl. Then in 1991, he became a technical manager at Jolly Club and served in this position till 1996. The following year he managed the All-Star Rally team and won the European Rally Championship. In 1998, Guenther was recruited by M-Sport as a project manager. After two years, they promoted him to the position of director of engineering.
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Guenther’s Formula One journey started back in 2001, when Jaguar Racing, Ford’s official team, named him its new principal. He served till 2003 before Jaguar racing decided to let go of him. In November 2004, Red Bull bought Jaguar Racing, and they invited Steiner to work with them again. In April 2006, Guenther finally became the technical director for the Team Red Bull Racing.
In April 2008, he left Red Bull, and the following year, he founded a manufacturing company Fibreworks Composites. In the meantime, he met Gene Haas, and then eventually, in 2014, he was announced as the principal of the newly established Haas F1 team. This team was supposed to make its debut in 2015, but due to some delays, it entered the championship in 2016. Guenther still serves as the principal of this team.
Before we find out Guenther Steiner salary, let’s take a look at his roles and responsibilities as a principal.
What Is The Job Of F1 Principals?
In general, the principal of an F1 team is responsible for managing the entire operation. He/she is the one to make decisions based on the discussions with the FIA, governing body, and other teams. The principal is the one who manages the budget and negotiates salaries with the F1 drivers. Some principals are even stakeholders in their respective teams. At present, Toto Wolff holds 33% stakes in Mercedes. He is also the richest principal among all the ten principals.
Guenther Steiner’s Salary 2023
On average, an F1 principal earns between $1-5 Million. The salary depends on the Racing team and the experience one holds before signing the contract. Guenther Steiner holds more than eight years of experience in this position, but he still earns an average amount.
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The ordinary performance of the American-licensed Haas F1 racing team. It is certain that Guenther Steiner Salary is more than $1 Million. However, the exact figures haven’t been revealed. It goes without saying that those who work with big sharks like Mercedes earn a lot more than other emerging teams.
Guenther Steiner Net Worth
The 2021 season wasn’t really good for the Haas F1 racing team, as they finished in the tenth spot. The team has shown some improvement in 2022 and reached the eighth spot. However, these positions can only earn them a nominal amount of F1 money. As a result, despite being a principal for the last few years, Guenther Steiner’s Net Worth is still around $7-8 Million.