Peter Sauber Net Worth is$100 Million
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Date of Birth: Oct 13, 1943

Country: Switzerland

Peter Sauber, a Swiss entrepreneur known as the owner of various motorsports teams, has a net worth of $100 million. His net worth is a vital part of Sauber's career as the pursuit of owning a motorsport team requires a large amount of capital. He first became involved with automobiles as after taking a job as a car salesman in Switzerland. His connection to the motorsports industry is somewhat remarkable considering his Swiss roots, as at the time of his breaking into the industry car racing was banned in Switzerland in the wake of the Le Mans disaster of 1955. In 1991, Sauber broke into the world of Formula One, starting an F1 team with Harvey Postlethwaite's involvement. In 2005, Sauber's team was acquired by BMW, with Sauber retaining 20% ownership of the team. The new name of the team is BMW Sauber, and it went on to do pretty good things within the world of Formula One racing. Then in 2009, BMW announced its withdrawal from Formula One racing, and Sauber worked to keep the team going in the wake of the exit of its primary sponsor. After talk of another company buying the team, BMW ended up selling the team back in full to Peter Sauber.
Peter Sauber (born October 13, 1943 in Zurich, Switzerland) is the team principal and owner of various motorsports teams, most visibly the eponymous Sauber Formula One team.
After being trained as an electrician Peter Sauber took the plunge into adult life by taking on a role as a car salesman in Hinwil, Switzerland. This was Sauber's first real association with the automobile and it proved to be the catalyst for his involvement in motor-racing.
Sauber's motorsport connection was somewhat paradoxical, given that racing in his native land had been banned after the Le Mans tragedy of 1955. That said, he still managed to compete in hillclimbing events in the Volkswagen Beetle he'd purchased and thus the foundations for his first project as a team owner were laid.
After opting not to take on the family traffic light business, Peter built the Sauber C1 (the C stands for Christine, the name of Peter Sauber's wife) in his parents' basement. It was a car of tubular frame, powered by a 1-litre Ford Cosworth engine. He subsequently drove it to the 1970 Swiss hillclimb championship. It also remained in racing for ten years in the hands of other drivers, notably Friedrich H"urzeler, who took the 1974 crown in the car.
In 1971, Sauber handed over the drivers seat to Hans Kunis, who drove the new Sauber C2 model in the same series, as Peter himself had done so the year before.
Sauber had started to gain a portfolio of customers and in 1973, Sauber built three C3 spec chassis for different customers. Designed by Guy Boisson, the car was used predominantly in the Swiss Sports car Championship.
The C4 of 1975 heralded the first aluminium chassis developed by the team, and Boisson was joined by Edy Wiss in designing it, and only one C4 was ever produced.
The most successful of the early Sauber cars, the C5 was used to great effect in conjunction with its 2 litre BMW engine-taking the 1976 Interserie Championship in the hands of Herbert Muller.
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Peter Sauber Latest News

How to fix Sauber

The Sauber investment that followed was separate to the Ericsson deal, although there were plenty of rumours suggesting that the money behind Longbow came from Sweden rather than Switzerland. As part of the deal Peter Sauber stepped away from his team but ...
Posted: June 19, 2017, 7:38 am

Forget the Hindi, Kaltenborn's Indian roots still strong

They later relocated from Germany to Liechtenstein and began working for the Fritz Kaiser Group. It was there she met Peter Sauber, the 69-year-old owner of the Formula One team. With the Indian Grand Prix just around the corner, Kaltenborn is generating ...
Posted: October 20, 2012, 1:29 am

First female F1 team boss leaves Sauber

Motorsport.com said the terms of Kaltenborn's departure were still being worked out. Kaltenborn, an Indian-born Austrian citizen, took over from team founder Peter Sauber in 2012. The sport's first woman team principal, and the second Indian-born after ...
Posted: June 21, 2017, 6:04 am

Top Six Classic Can-Am Racers at the 2017 Rolex Monterey Motorsports Reunion

2. 1975 Sauber C4 Peter Sauber, the man behind the company didn’t come from the racing world. Rather, he was an electrician and then a car salesman. His later ventures turned him into a racing icon, including the car shown here. The C4 used a 2.0-liter V ...
Posted: August 17, 2017, 10:38 am

Why Sauber's revival depends on Ferrari

Sauber has dealt with adversity before. When BMW pulled out at the end of the 2009 Formula 1 season, team founder Peter Sauber swept in to save his team. Then when the outfit was on the brink of financial collapse midway through last year, it was financial ...
Posted: August 17, 2017, 7:35 am
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