Connect with us

F1 top news

Report reveals Ferrari president Marchionne’s incredible income

Published

on

Report reveals Ferrari president Marchionne's incredible income

Report reveals Ferrari president Marchionne’s incredible income

The highest paid figure in the Formula One paddock is not a driver or a team owner.

In 2014, he made $38.06 million. Publishing a list of Italy’s highest paid managers, La Repubblica claims that Sergio Marchionne, the Ferrari and Fiat president, made an incredible EUR 54.5 million in 2015.

That is over $60 million, or nearly $170,000 per day.

The report said the bulk of Marchionne’s income was not his salaries as CEO and presidents, but lucrative bonuses as rewards for strong budgetary outcomes at the various companies for whom he works.

Loading...

Advertisement
ThisisF1.com does not accept abusive behavior or harassing language in comments.
Please respect other users.
Click to comment

2018 F1 Launch







Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment. All Rights Reserved © 2017 Prime Sport Media