Age, Biography and Wiki

David Richards was born on 3 June, 1952 in Wales, is a Welsh motorsports team manager. Discover David Richards's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 72 years old?

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Occupation Chairman of Prodrive, Chairman of Motorsport UK (The Royal Automobile Club Motor Sports Association) and former Chairman of Aston Martin
Age 72 years old
Zodiac Sign Gemini
Born 3 June 1952
Birthday 3 June
Birthplace Wales
Nationality United Kingdom

We recommend you to check the complete list of Famous People born on 3 June. He is a member of famous with the age 72 years old group.

David Richards Height, Weight & Measurements

At 72 years old, David Richards height not available right now. We will update David Richards's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Who Is David Richards's Wife?

His wife is Karen Richards

Family
Parents Not Available
Wife Karen Richards
Sibling Not Available
Children 3

David Richards Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is David Richards worth at the age of 72 years old? David Richards’s income source is mostly from being a successful . He is from United Kingdom. We have estimated David Richards's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

2015

In May 2015, Richards relocated his Prodrive business from its previous site by the M40 motorway at Banbury, UK to a new facility also alongside the M40 in the same town.

2012

At the end of 2012 Richards and his wife acquired the Idle Rocks hotel in St Mawes, Cornwall. After a multimillion-pound refurbishment the hotel reopened in the summer of 2013. It is now a Relais and Chateaux Hotel and in 2014 it was voted one of the 50 best beach hotels in Europe by the Sunday Time Travel Magazine. In 2018 it was awarded Britain's top Seafood Restaurant. Richards acquired a second hotel in the village in 2013, the St Mawes Hotel.

2010

In July 2010 it was announced the Richards' Prodrive business would take MINI into the World Rally Championship in 2011, using the new MINI Countryman as its base. The team was unveiled in April 2011 and first competed as the MINI WRC Team at the Italian Rally in Sardinia in May 2011. In 2013, Prodrive created the MINI RX, a 450 bhp rallycross car based on the MINI WRC. It won on its debut at the Munich X Games in July 2013. In 2018 Prodrive created the Megane RX, for GC Kompetition for the FIA World Rallycross Championship, which it continues to compete in today.

2009

In 2009, the team launched its new LMP1 car, the DBR1-2, which featured a Lola chassis, mated to a modified production-based DBR9 engine. The team won the Le Mans Series in 2009 and finished fourth at Le Mans the same year as the highest placed petrol powered car. In September 2010 at Silverstone, Richards unveiled an all-new Aston Martin LMP1 car to compete at Le Mans in 2011. The Aston Martin Racing team now competes in the FIA World Endurance Championship (WEC) with the production-based Vantage GTE. In 2016 the team won the WEC GT Teams' and Drivers' titles and in 2017 won the GTE class at Le Mans and the WEC GT Am title.

2008

At the end of 2008, Subaru decided to withdraw from the World Rally Championship after 18 years, ending one of the longest and most successful partnerships in the sport.

2007

On 12 March 2007, Richards led a consortium of investors including Investment Dar and Adeem Investment, raising $925 million to finance the purchase of Aston Martin from Ford. Richards subsequently became chairman of the car company. He stepped down from this role at the end of 2013.

On 16 September 2007 Richards and his wife, Karen, survived a forced landing in their helicopter in Essex whilst returning from the 2007 Belgian Grand Prix, less than 24 hours after his former WRC driver, Colin McRae, perished in a similar accident along with his son and two others. Based on Prodrive's statement after the incident, Richards was piloting Prodrive's Eurocopter EC 135. Both Richards and his wife Karen walked away unharmed.

2006

His Prodrive company entered a bid to enter a Formula One team for the 2008 season and on 28 April 2006, Prodrive were officially granted entry when the FIA announced the list of entrants to the 2008 Formula One World Championship. However, on 22 November 2007, he was forced to announce that Prodrive F1 would not be competing in the 2008 Formula One World Championship after a lack of clarity over the legality of 'customer cars' and the threat of possible legal action. In May 2009, Prodrive also placed an entry for the 2010 F1 World Championship, however, all three new entries were given to teams using Cosworth engines, while Prodrive already had an agreement to use Mercedes engines.

2002

Prodrive continued to compete in the European Touring Car Championship in 2002 with Volvo and in 2003 launched the Ford Performance Racing team in the Australian V8 Supercar Series. The Australian team was sold in 2012.

2001

In 2001, Richards took Prodrive into sports car racing as the team designed a new Ferrari 550 GTS Maranello to compete in the FIA GT championship. This was a privately backed programme, independent from Ferrari. Between 2001 and 2004, ten cars were built and the highlight came in 2003, when the team won the GT1 class at Le Mans against the factory-backed Corvettes. In December 2003, Richards announced that Prodrive had signed an agreement with Aston Martin to take the British sports car manufacturer back into motor racing with the formation of a new team called Aston Martin Racing. The new Aston Martin DBR9 was unveiled at Gaydon in November 2004 and first competed at the 12 Hours of Sebring in 2005, winning on its debut. The DBR9 won two Le Mans GT1 titles in 2007 and 2008, the latter with the car running in the distinctive Gulf Oil livery.

When the BAR team was restructuring after the departure of Craig Pollock in 2001, the owners BAT (British American Tobacco) brought in Prodrive to run the team with Richards as its Team Principal. Under his direction there was an immediate improvement in performance, ultimately leading to the team taking second place in the 2004 F1 Constructors' Championship. Richards also brought Jenson Button to the team and made him lead driver providing the majority of their championship points in 2004. This success led to BAT selling a 45% share of the team to Honda in late 2004. With Prodrive having completed its management contract with BAT, Richards stood down as Team Principal and Prodrive's then managing director Nick Fry assumed this role.

1999

In 1999, Richards sold 49% of Prodrive to the private equity firm Apax Partners. In 2000 he acquired the television rights to the World Rally Championship with the acquisition of International Sportsworld Communicators (ISC) from Bernie Ecclestone. He sold these rights on to North One TV in 2006.

1997

In 1997, when Flavio Briatore was fired as Director of the Benetton team, Richards replaced him. However, his tenure only lasted one year, as he could not agree a long term strategy with the team-owning Benetton family.

1995

The team's highlight came in 1995 when the Subaru World Rally Team and Colin McRae achieved the double of the Drivers' and Manufacturers' World Rally titles. Under Richards' direction, the team went on to win two further Manufacturers' titles, in 1996 and 1997. Richard Burns and Petter Solberg won further Drivers' titles in 2001 and 2003, respectively.

After two years away, Prodrive returned to the British Touring Car Championship in 1995 with the Alfa Romeo. In 1997 and 1998 Prodrive ran the Honda Touring Car Team, before working with Ford in 1999 and 2000. After re-engineering the Ford Mondeo, the team won the BTCC title in 2000 with Alain Menu. It was the last year Super Touring Cars would compete in the BTCC.

1990

Under Richards' direction the team embarked on an ambitious programme, initially in the British, and subsequently the Asia-Pacific and World Rally Championships (WRC). It was Richards who, in 1990, saw the raw talent of young driver Colin McRae, and later Richard Burns and Petter Solberg. He personally oversaw the development of their early careers, leading to two British titles for Subaru and McRae in 1991 and 1992, and a further title for Burns in 1993. Drivers such as Carlos Sainz, Juha Kankkunen, Possum Bourne, Markku Alen, Ari Vatanen and Tommi Mäkinen all competed for the team.

1989

A pivotal meeting with Fuji Heavy Industries at the Safari Rally in 1989, led to the creation of the Subaru World Rally Team (SWRT).

1987

In 1987 Prodrive entered into what was to become a long-standing partnership with BMW in the British Touring Car Championship. They took the Class B title three times, from 1988 to 1990, winning outright in 1988 with Frank Sytner. BMW UK ended the partnership with Prodrive at the end of the 1992 season following a change in the technical regulations.

1986

Rapid expansion of his new Prodrive company led to a move to a new facility at Banbury, Oxfordshire in 1986. The same year, Richards' team ran a privately entered MG Metro 6R4 in the British and Irish rally championships, alongside the Porsche programme. The following year saw Prodrive begin a six-year relationship with BMW in both rallying and touring car racing. His BMW team won three consecutive British Touring Car Championships (BTCC) in 1988, 1989, and 1990, while the BMW rally teams dominated tarmac rallying across Europe winning the Belgian and French series with the Group A BMW M3 rally car.

1984

After winning the World Rally Championship he took the decision to retire from active competition and focussed his attention on organising rallies on behalf of Rothmans in the Middle East and setting up his own rally team. In 1984, Richards brought together Rothmans and Porsche and took his next major step in motorsport management, creating Prodrive to engineer and run the newly formed Rothmans Porsche Rally Team in the European and Middle East Rally Championships.

In 1984, the Porsche Rothmans Rally Team won the Middle East Rally Championship and finished runners up in the European Championship in its first year of competition.

1979

The following year he took up the position of team manager for Fiat, before returning to competition with the Ford factory team in 1979. Here he formed a successful and long-standing partnership with the Finnish rally driver, Ari Vatanen. The two won both the British and Scandinavian Championships before going on to win the World Rally Championship in a Ford Escort RS1800 in 1981.

1976

In 1976, he established his own motorsport consultancy and created a new rally series in the Middle East, before joining the British Leyland factory team, co-driving Tony Pond, winning the Tour of Britain. In the same year, he married his wife Karen.

1974

Richards grew up in North Wales, attending Brynhyfryd School in Ruthin, Denbighshire. He passed his driving test on his 17th birthday. At the age of only 17 years and 3 months he became the then youngest person in the UK to hold a private pilot's licence and was awarded an RAF university scholarship. After completing his first year of A-Levels, he left school to spend five years studying for his articles as a British Chartered Accountant. It was during this period that he established his early career as a professional rally co-driver winning his first national rally championship with Tony Drummond in 1974.

1952

David Pender Richards CBE (born 3 June 1952) is the chairman of Prodrive, chairman of Motorsport UK (The Royal Automobile Club Motor Sports Association Ltd), former chairman of Aston Martin, a former team principal of the BAR and Benetton Formula One motor racing teams and World Rally Champion in 1981. He lives with his wife, Karen, in Warwickshire and has three children. In the 2005 New Year Honours List Richards was appointed a CBE for his services to motorsport and in 2017 was inducted into the Motor Sport Hall of Fame and received the Spirit of Le Mans award from the Automobile Club de l’Ouest (ACO). In 2019 he received the Autocar Outstanding Leader Award.