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GP Week : Issue 217
F1 >>> BUsinEss ron WAlkEr Worth: £405m Age: 75 Nationality: Australian Title: chairman of Australian Grand Prix Corporation Ron Walker is due to retire from his role as boss of the Australian Grand Prix after Sunday’s race and can look back on his time in the sport with a smile. The former Lord Mayor of Melbourne made his fortune in publishing, casinos and chemicals but sport has always been his real love. Before turning to F1, he led Melbourne’s unsuccessful bid to host the 1996 Olympics and was the chairman of the committee that brought the 2006 Commonwealth Games to the city. lucA di montEzEmolo Worth: £265m Age: 67 Nationality: Italian Title: Formula One Group board member It was the end of an era when Luca di Montezemolo exited his job as Ferrari chairman in September. However, by the end of the year he was back, this time as a director of Formula One, sitting beside Bernie Ecclestone to oversee the running of the sport. As Ferrari team principal, he won world championships with Niki Lauda in 1975 and 1977 before becoming the mastermind behind the Italia 90 World Cup tournament. In 1991 he returned to Ferrari, spearheading its return to F1 success by signing Michael Schumacher. sir mArtin sorrEll Worth: £260m Age: 70 Nationality: British Title: independent director of F1 Sorrell was appointed to the board of F1 in 2006 by the sport’s new owners CVC and is well known in British business circles as the boss of top advertising and PR firm WPP. Since then he has had several high profile clashes with the sport’s boss Bernie Ecclestone. In 2009, after Ecclestone described Hitler as a man who could “get things done” , Sorrell said he was “appalled” by the comments. He also hit out at the F1 supremo’s support for his friend Flavio Briatore when he was banned from the sport for cheating later that year. Sorrell claimed Ecclestone was “out of touch with reality.” fErnAndo Alonso Worth: £255m Age: 33 Nationality: spanish Title: 2005 and 2006 world champion If reports are correct that Fernando Alonso woke up following his recent testing crash with no memory of the past 20 years, he must have been delighted when he was shown his bank statements. The double-world champion was the highest paid driver in history during his time at Ferrari, commanding a salary estimated at £27m a year. It hasn’t always been so easy for the Spaniard who started his career at the backmarker Minardi team in 2001 where he had to find sponsorship to cover the cost of his drive. 29 GPWEEK.com // 29 GPWEEK.com // PARTNERS: