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Retired British racing driver, Damon Hill has a net worth of $30 million. The 1996 Formula One champion retired from the sport after winning 22 of his 106 races. The son of the late Graham Hill, he came to F1 at the age of 32. Hill raced motorbikes and worked as a van driver to fund his racing. Williams gave him his first break as a test driver and he replaced Nigel Mansell in 1993. When he won the title for Williams, his salary was £6m, but when he moved to Arrows, he took a pay cut. He later moved to Jordan on a £5m contract. However, after a crash at the Canadian GP in 1999, he decided to quit. In the late 1990s, he appeared in a Pizza Hut ad with veteran commentator Murray Walker. He had deals with American bank MBNA, Cellnet, Harrods and Italian watchmakers Lucien Rochat.

After his retirement in 1999, he has launched several businesses and has made appearances playing the guitar with celebrity bands. He succeeded Jackie Stewart as the president of the British Racing Drivers' Club in 2006. He stepped down in 2011 and was succeeded by Derek Warwick. He was responsible in securing Silverstone's 17-year contract to hold Formula One races, where extensive renovation work was seen in the circuit. He currently works as part of the Sky Sports F1 broadcasting team.

Earnings & Financial Data

Date

Category

Description

Amount

1998

Asset

Value of his luxury mansion in England upon purchase

$3,975,000

1994

Salary

Earnings during the 1995 French Grand Prix

$500,000