Net Worth and Career Overview
Oscar Piastri, the talented Australian racing driver, has an estimated net worth of $2 million. He currently races for the McLaren Racing team in Formula One, after securing a prestigious spot following his remarkable career in the feeder series. Piastri’s rise to prominence began with his victory in the Formula Renault Eurocup in 2019, which was followed by the FIA Formula 3 Championship in 2020 and the Formula 2 Championship in 2021. His remarkable achievement of winning the GP2/Formula 2 Championship in his rookie season was a feat only five other drivers had accomplished before him. In March 2023, Piastri further expanded his career by becoming a global ambassador for Dubber, a revolutionary communications platform.
Salary and Contracts
Despite his impressive achievements, Oscar Piastri’s salary is relatively modest compared to his peers. Under the contract he signed with McLaren in 2022, he earns a base salary of $775,000 per year. This is significantly lower than the earnings of his teammate, Lando Norris, who made approximately $30 million during the same period.
Early Life
Oscar Piastri was born on April 6, 2001, in Melbourne, Victoria, Australia. His parents, originally from Italy, supported his early interest in racing. At the age of 9, Piastri won a world championship in remote control car racing. By 2011, he transitioned to karting and started competing professionally in 2014. He moved to the UK in 2016 to continue his career and attended Haileybury College, where he also competed in the World Championship, finishing sixth in 2016.
Career Development
Oscar’s career rapidly accelerated after he signed a sponsorship deal with his father’s company, HP Tuners, in 2016. He went on to compete in various championships, including the British F4 and the Formula Renault Eurocup, where he finished as a runner-up in 2017 and later won the championship in 2019. Piastri’s success continued in Formula 3 and Formula 2, with back-to-back championship wins in 2020 and 2021. His exceptional performance earned him a spot as a reserve driver for both the Alpine and McLaren F1 teams.
F1 Career and Controversies
In August 2022, Alpine announced that Piastri would replace Fernando Alonso for the 2023 season, but Oscar publicly denied having signed a contract with the team. This led to a legal dispute, ultimately settled in his favor, allowing him to race for McLaren. Piastri’s debut season in Formula 1 has been promising, with notable performances, including a career-best fourth-place finish at the 2023 British Grand Prix.
Personal Life and Hobbies
Outside of racing, Piastri enjoys wakeboarding, cricket, and basketball. He is also known to be an avid Netflix watcher, often bingeing shows for hours.
Awards and Recognition
Oscar’s exceptional talent was recognized when he was named “Autosport” Rookie of the Year for the 2020–21 season. Additionally, he won the prestigious FIA Rookie of the Year award in 2021 and the Anthoine Hubert Award that same year.
