Peter Sauber Net Worth is$100 Million
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Date of Birth: Oct 13, 1943
Country: Switzerland
Peter Sauber, a Swiss entrepreneur known as the owner of various motorsports teams, has a net worth of $100 million. His net worth is a vital part of Sauber's career as the pursuit of owning a motorsport team requires a large amount of capital. He first became involved with automobiles as after taking a job as a car salesman in Switzerland. His connection to the motorsports industry is somewhat remarkable considering his Swiss roots, as at the time of his breaking into the industry car racing was banned in Switzerland in the wake of the Le Mans disaster of 1955. In 1991, Sauber broke into the world of Formula One, starting an F1 team with Harvey Postlethwaite's involvement. In 2005, Sauber's team was acquired by BMW, with Sauber retaining 20% ownership of the team. The new name of the team is BMW Sauber, and it went on to do pretty good things within the world of Formula One racing. Then in 2009, BMW announced its withdrawal from Formula One racing, and Sauber worked to keep the team going in the wake of the exit of its primary sponsor. After talk of another company buying the team, BMW ended up selling the team back in full to Peter Sauber.
Peter Sauber (born October 13, 1943 in Zurich, Switzerland) is the team principal and owner of various motorsports teams, most visibly the eponymous Sauber Formula One team.
After being trained as an electrician Peter Sauber took the plunge into adult life by taking on a role as a car salesman in Hinwil, Switzerland. This was Sauber's first real association with the automobile and it proved to be the catalyst for his involvement in motor-racing.
Sauber's motorsport connection was somewhat paradoxical, given that racing in his native land had been banned after the Le Mans tragedy of 1955. That said, he still managed to compete in hillclimbing events in the Volkswagen Beetle he'd purchased and thus the foundations for his first project as a team owner were laid.
After opting not to take on the family traffic light business, Peter built the Sauber C1 (the C stands for Christine, the name of Peter Sauber's wife) in his parents' basement. It was a car of tubular frame, powered by a 1-litre Ford Cosworth engine. He subsequently drove it to the 1970 Swiss hillclimb championship. It also remained in racing for ten years in the hands of other drivers, notably Friedrich H"urzeler, who took the 1974 crown in the car.
In 1971, Sauber handed over the drivers seat to Hans Kunis, who drove the new Sauber C2 model in the same series, as Peter himself had done so the year before.
Sauber had started to gain a portfolio of customers and in 1973, Sauber built three C3 spec chassis for different customers. Designed by Guy Boisson, the car was used predominantly in the Swiss Sports car Championship.
The C4 of 1975 heralded the first aluminium chassis developed by the team, and Boisson was joined by Edy Wiss in designing it, and only one C4 was ever produced.
The most successful of the early Sauber cars, the C5 was used to great effect in conjunction with its 2 litre BMW engine-taking the 1976 Interserie Championship in the hands of Herbert Muller.
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Peter Sauber Latest News

Peter Sauber hits back at those criticising the unpredictability in Formula One this season,

He also dismissed those who find it too random as “just a handful of people in the paddock who can't get used to not knowing by Friday who's going to win on Sunday.” For the first time in Formula One history seven different drivers have won the season ...
Posted: June 14, 2012, 3:28 pm

Sauber F1 Sold in an Effort to Save the Struggling Team

Following months of speculation that it would happen, the Sauber F1 team announced today that it's been sold. Motorsport reports that Longbow Finance, a Swiss investment firm, has purchased both founder Peter Sauber and team principal Monisha Kaltenborn's ...
Posted: July 20, 2016, 9:09 am

Sauber announces change of ownership

20 July 2016 – Sauber has announced a change of its ownership, with Swiss-based investment firm Longbow Finance fully acquiring the group, in a move that will see founder Peter Sauber retire from all functions. Sauber has struggled financially in recent ...
Posted: July 20, 2016, 5:37 am
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