P1racenews AI automatic summary:
On track, things are a little less easy for Christian Horner and Red Bull, but the team boss did collect a huge salary in 2023. Horner saw the amount increase by 11 percent.
Red Bull, which started the season strongly, has now fallen behind in Formula 1, with McLaren holding the fastest car and leading the constructors’ championship. Despite this setback, Red Bull’s future still looks bright, especially for team boss Christian Horner, who saw a significant increase in his generous salary last year. According to The Times, as director of Red Bull Technologies Ltd, Horner earned £8.92 million in 2023, up from £8.04 million the previous year, marking an 11% increase. In comparison, Mercedes team boss Toto Wolff earned £6 million in salary, with an additional £25 million in dividends due to his shareholding. While Horner does not receive dividends as a non-shareholder, Red Bull shareholders collectively received £50 million in dividends for 2023. Additionally, advisor Helmut Marko saw his salary double as a director of Red Bull Racing, rising from £3.5 million to £7 million.
