How rich is Peter Sauber?
Peter Sauber Net Worth:
|Birth date:||October 13, 1943|
|Birth place:||Zürich, Switzerland|
Peter Sauber net worth, wiki & biography:
Peter Sauber Net Worth $100 Million
Peter Sauber is a Swiss entrepreneur that has an estimated net worth of $100 million. Peter is best known as the owner of several motorsports teams like the eponymous Sauber Formula One team. His involvement in the motorsports industry was rather paradoxical considering that racing was banned in Switzerland after the Le Mans disaster of 1955. In 1991, Peter Sauber came into the scene of Formula One when he began an F1 team with Harvey Postlethwaite. Motorsports designed an F1 car and Mercedes financed a vast new factory in Hinwil. In 2005, his team was acquired by BMW and he retained a 20% ownership of the group. He still worked to keep the team going despite the departure of 2009’s main patron. BMW ended up selling back the team in full to Peter after a conversation that another company is interested to buy the team.