Is Nicholas Latifi, the F1 Driver Caught in the Middle of Verstappen-Hamilton Saga, a Billionaire?

Published 12/14/2021, 11:10 AM EST
Formula One F1 – Hungarian Grand Prix – Hungaroring, Budapest, Hungary – July 30, 2021 Williams’ Nicholas Latifi arrives ahead of the Hungarian Grand Prix REUTERS/Florion Goga


The end of the 2021 season finale was nothing short of a thriller. Max Verstappen took home his maiden F1 world title while Lewis Hamilton missed out on his record eighth championship. One man caught in the middle of this saga was Nicholas Latifi. The Canadian driver was nowhere in the limelight until his crash changed the whole title fight.

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Latifi’s Williams crashed into the barriers in the 54th lap. His crash invited a safety car which played out perfectly for the Red Bull team. This became one of the biggest talking points among the fans and paddock. Christian Horner even went to the extent of thanking the Williams driver.

So, who is Nicholas Latifi? Let’s find out more about the driver and look at his life and net worth. Is he a billionaire?

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Nicholas Latifi: Life and Career

Latifi was born in Montreal, Canada on June 29, 1995. His father, Michael Latifi is a businessman, philanthropist, and entrepreneur, currently serving as Chairman and CEO of Sofina foods inc., also a title sponsor for the Williams F1 team. He is another successful Canadian businessman apart from Lawrence Stroll who has flushed in heavy bucks into the sport; Latifi senior invested $260 million in Mclaren in 2018 and holds a minor stake in the Woking-based outfit.

Formula One F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, U.S. – October 21, 2021 Williams’ Nicholas Latifi ahead of the Grand Prix REUTERS/Mike Blake

Latifi finished second to Nick de Vries in the FIA F2 championship 2019, bagging 4 wins. He was a reserve driver for Renault before moving to Williams as a full-timer. His debut race was the 2020 Austrian GP, where he finished 11th after 9 cars retired. He has entered 39 races, with the best finish of P7.

Nicholas Latifi’s Net worth

Latifi is currently in his 2nd season in Formula 1. Although the sport rewards handsomely, he is yet to make a name for himself on the track. His current net worth is around 1-5 million dollars, which covers his salary and endorsements. The Canadian driver is endorsed by family-owned Sofina foods, Royal Bank of Canada, and Lavazza.

However, his family wealth makes him one of the richest drivers on the grid. His Father Michael Latifi runs one of the most successful food chains in Canada. Apart from that, he also owns Lilydale and Santa Maria Foods ULC through Sofina. According to sources, his current net worth is around $2.5 billion.

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Latifi senior also owns an exquisite Yacht and Car collection. Being a Ferrari enthusiast, he has bought an F2004 of the great Michael Schumacher and an F2007 that was driven by Kimi Raikkonen.

Nicholas Latifi will be looking forward to the upcoming season where he will drive alongside Alex Albon for the Williams team. George Russell, his teammate for 2021, joined Mercedes for the post-season testing.

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Where are your predictions for the Williams duo for the coming 2022 season?

DIVE DEEPER

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Rituraj Tripathi

259 articles

Rituraj Tripathi is an F1 author at EssentiallySports. A true lover of speed, he is big fan of Lewis Hamilton and finds a future world champion in Lando Norris. Rituraj eagerly looks forward to the paddock moving to the Circuit de Monaco, and he finds Portier corner as the most exciting part of the track.

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