Christian Horner’s alleged £80 million payout from Red Bull has further increased his and his wife Geri’s already substantial wealth. Horner was ousted as the chief executive and team principal of the main Formula 1 team in July after two decades in charge, leading to a significant settlement due to the premature termination of his contract running until 2030.
Reports suggest that the settlement deal reached between the parties will see Horner receive over £80 million. While this sum would be life-changing for most individuals, for Horner and Geri, it merely adds to their existing fortune.
Being the longest-serving and highest-paid team principal in the Formula 1 paddock, Horner’s salary had soared, reaching £8.92 million in 2023, a notable 11% increase from the previous year, according to The Times. His various business ventures, including ownership of two country homes and other investments, had already positioned him with an estimated net worth of around £41.4 million. Together, the couple’s net worth was approximately £440 million before the latest windfall.
Horner’s career in motorsport began as a driver before transitioning to team management, ultimately landing him as the team principal for Red Bull Racing in 2005. His success in the sport has been notable, with significant financial rewards accompanying it.
Geri, on the other hand, built her own wealth through her music career, particularly during her time with the Spice Girls. Her entrepreneurial ventures further contributed to her financial success, with reported earnings from various projects and appearances.
Despite the substantial payout, Horner will have to observe a period of gardening leave before potentially returning to work with another Formula 1 team. This standard practice in the sport industry could see him back in the paddock by the middle of the upcoming season.
Before achieving fame with the Spice Girls, Geri pursued various career paths, showcasing her talents beyond music. Her success story, from scoring top grades in school to her rise in the entertainment industry, has been a remarkable journey that has contributed to her wealth and public recognition.