2014

Wealth-X Unveils Formula One's Top 10 Ultra Wealthy European Businessmen Dominate Roster, Trailed by UHNW Individuals from Asia and US

SINGAPORE, Sept. 17, 2013 /PRNewswire/ -- As Singapore revs up for its fifth Formula One Grand Prix this weekend, Wealth-X, the world's leading ultra high net worth (UHNW) intelligence firm, reveals a list of the top 10 ultra wealthy individuals affiliated with motorsport's premier race.

Finishing in first place on the list is Red Bull chief executive, Dietrich Mateschitz, with a net worth of US$7.8 billion. A Taurus (the zodiac sign of the bull), Mateschitz owns 49 percent of the energy drink company that bears the bull logo on its cans. Renault-powered since 2007, the Red Bull team has won three consecutive Formula One Constructors' trophies since 2010 with drivers Sebastian Vettel and Mark Webber.

European UHNW businessmen account for half of the spots in the list, which also features three Asian entrepreneurs: Ong Beng Seng, Singapore's property tycoon (4th); Vijay Vittal Mallya (8th), chairman of India's United Breweries Group; and Malaysian Tony Fernandes (9th), executive chairman of Tune Group, the parent company of budget carrier Air Asia.

Two American business leaders have claimed places on the list: John Paul Jones DeJoria (2nd) and Billy Joe McCombs (6th).

The list includes racing team owners, a Grand Prix promoter and a director of a trackside advertising agency and the Formula One Paddock Club, the sport's VIP trackside hospitality service provider.

Below are the five UHNW individuals who emerged at the top of the list as Formula One's richest:

Rank

Name

Primary Company

 

Position

Net Worth

(in US$)

1

Dietrich Mateschitz

 

Red Bull

CEO

7,800,000,000

2

John P.J. DeJoria

John Paul Mitchell Systems

Chairman and CEO

 

3,800,000,000

3

Bernard C. Ecclestone

 

Formula One Group

CEO

1,700,000,000

4

Ong Beng Seng

Hotel Properties Ltd

 

Managing Director

 

1,600,000,000

5

Billy J. McCombs

Red McCombs Automotive Group

Chairman

 

1,100,000,000

The Formula One season comprises a series of Grand Prix races held throughout the year at various locations. The 61-lap Singapore Grand Prix will take place on the streets of the city-state from 20-22 September 2013.

For the complete top 10 list, visit http://www.wealthx.com/articles/2013/top-10-formula-one-ultra-wealthy-list

About Wealth-X
Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally, defined as those with assets of US$30m and above. Headquartered in Singapore, the firm has hundreds of staff in 12 offices on five continents.

For media queries, contact press@wealthx.com

SOURCE Wealth-X



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