Stefano Domenicali is a name synonymous with Formula 1’s evolution. Currently serving as the CEO of Formula 1, Domenicali took over from Chase Carey in 2021 and has since played a key role in shaping the sport’s commercial success and global appeal. With a career spanning decades in motorsport, including a significant tenure at Ferrari, his contributions have cemented his place as one of the most influential figures in Formula 1 today.
A Motorsport Legacy: Early Career and Rise at Ferrari
Born on May 11, 1965, in Imola, Italy, Stefano Domenicali grew up in a region deeply entrenched in motorsport history. Imola, home to the famous Autodromo Enzo e Dino Ferrari, played a pivotal role in shaping his passion for racing. After earning a degree in business administration from the University of Bologna, Domenicali took his first steps in the motorsport industry.
He began his career in the German Touring Car Championship (DTM) before joining Ferrari’s sporting department in 1991. His work ethic and strategic acumen saw him rise through the ranks, eventually being appointed Sporting Director in 2002. During his tenure, he played an instrumental role in Ferrari’s golden era with Michael Schumacher, where the team dominated Formula 1, winning multiple world championships.
By 2008, Domenicali was promoted to Team Principal of Scuderia Ferrari, succeeding Jean Todt. Though his tenure saw Ferrari continue as a formidable force, he was unable to secure another championship title before stepping down in 2014. However, his time at Ferrari greatly contributed to his net worth, which is now estimated at $120 million.
Transition to Corporate Leadership and Formula 1 CEO Role
After leaving Ferrari, Domenicali transitioned into executive roles within the automotive industry. In 2016, he became the CEO of Lamborghini, overseeing a period of substantial growth for the luxury car brand. Under his leadership, Lamborghini expanded its market presence, launched the Urus SUV, and achieved record sales numbers.
His impressive track record led to his appointment as the CEO of Formula 1 in 2021. Taking over the role from Chase Carey, Domenicali inherited a sport that was evolving rapidly in terms of technology, sustainability, and global expansion. He has since been instrumental in increasing Formula 1’s commercial success, securing lucrative sponsorships, and expanding the sport’s reach in new markets, including the United States and the Middle East.
Stefano Domenicali’s Net Worth and Salary in Formula 1
As one of the highest-ranking figures in Formula 1, Stefano Domenicali commands a substantial salary. Reports indicate that he earns an annual paycheck of $20 million, making him one of the best-paid executives in the motorsport industry. Combined with his previous earnings from Ferrari and Lamborghini, Domenicali’s estimated net worth stands at an impressive $120 million as of 2025.
With Formula 1 experiencing a surge in popularity, driven by its expansion into new territories and the success of initiatives like Drive to Survive, Domenicali’s financial prospects are expected to grow further. His strategic leadership ensures that he remains a key player in the sport’s ongoing transformation.
Endorsements and Influence in the Sporting World
Despite being a major figure in Formula 1, Stefano Domenicali has largely stayed away from personal endorsement deals. Unlike other top sports executives who capitalize on brand partnerships, Domenicali has chosen to focus solely on promoting Formula 1 and its commercial ventures.
However, he remains a well-respected name in the wider sporting community. Over the years, he has maintained close ties with influential figures across different sports, including the late Gianluca Vialli, showcasing his reach beyond motorsport.
Personal Life: Wife and Family
Stefano Domenicali has always maintained a relatively private personal life. He is married to Silvia Colombo, and the couple tied the knot in 2011 in Vedano al Lambro, Italy. They share two children, Martino and Viola, and continue to lead a low-profile family life away from the spotlight.
Despite his high-profile career, Domenicali has successfully kept his personal affairs out of public scrutiny. His ability to balance an influential career with a close-knit family life is a testament to his strong personal values.
Future Prospects: The Road Ahead for Domenicali
As CEO of Formula 1, Stefano Domenicali’s role is far from just an administrative one. Under his leadership, F1 continues to push boundaries in terms of sustainability, new race venues, and fan engagement. With Formula 1’s global expansion at full throttle, he remains at the forefront of decision-making that will shape the sport’s future.
Looking ahead, Domenicali will play a critical role in negotiations surrounding the new engine regulations set for 2026, the continued push for sustainability through carbon neutrality by 2030, and efforts to ensure a more competitive grid. His ability to navigate these challenges will determine the legacy he leaves behind in the sport.
Stefano Domenicali’s journey from Ferrari’s sporting director to CEO of Formula 1 is a story of resilience, strategic brilliance, and deep-rooted passion for motorsport. With a net worth of $120 million and an annual salary of $20 million, he is among the wealthiest figures in F1. Yet, his true impact lies in his efforts to make Formula 1 more exciting, commercially viable, and globally appealing.
As Formula 1 continues to evolve under his stewardship, one thing is certain: Stefano Domenicali is not just managing the present; he is shaping the future of the world’s most prestigious motorsport.
