Net Worth: $28.5 Million
- Source of Wealth Motor Racing
- Nationality United Kingdom
About Damon Hill
Retired British racing driver, Damon Hill has a net worth of $28.5 million as of May 2012, according to the Sunday Times Rich List. 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 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. But 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 he sold his Irish home in 2002 for £4m, having bought it for £700,000, and moved to a £2.5m mansion near Guildford.