Who Is The Billionaire Owner Of Formula One?

Formula One, the prestigious racing series known for its high-speed cars and glamorous events, is owned by Liberty Media Corporation. The billionaire owner of Formula One is John C. Malone, who is the chairman of Liberty Media. Malone is a well-known figure in the business world, with a net worth estimated to be in the billions.

Liberty Media acquired Formula One in 2017 for a reported $8 billion, making it one of the largest deals in the history of the sport. Since taking over ownership, Malone has worked to grow the brand and expand its reach around the world. Under his leadership, Formula One has seen increased viewership and revenue, as well as the addition of new races in countries such as Vietnam and the Netherlands.

Malone's background in media and telecommunications has been instrumental in shaping the direction of Formula One. With his vast wealth and business acumen, he has been able to make strategic investments in the sport and improve its overall infrastructure. This has helped to solidify Formula One's status as one of the premier racing series in the world.

In addition to his ownership of Formula One, Malone also has investments in a variety of other industries, including cable television, telecommunications, and real estate. He is known for his shrewd business sense and ability to identify lucrative opportunities in the market.

Overall, John C. Malone's ownership of Formula One has been a game-changer for the sport. His vision and leadership have helped to elevate Formula One to new heights, making it a global powerhouse in the world of motorsports. As the billionaire owner of Formula One, Malone continues to play a significant role in shaping the future of the sport and ensuring its continued success.

For more information on the billionaire owner of Formula One, be sure to follow the latest news and updates on Liberty Media Corporation and their ongoing efforts to drive growth and innovation in the world of motorsports.

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