Age, Biography and Wiki
Paul Stoddart is an Australian businessman and former Formula One team owner. He was born on 26 May 1955 in Melbourne, Australia. He is the founder and owner of the Minardi Formula One team, which he sold to Red Bull in 2005.
Stoddart began his career in the aviation industry, founding the aviation company European Aviation in 1985. He later sold the company to British Airways in 2000.
Stoddart is also a collector of vintage aircraft, and has owned a number of historic aircraft, including a Supermarine Spitfire, a Hawker Hurricane, and a de Havilland Dragon Rapide.
Stoddart is estimated to have a net worth of around $200 million. He has earned his wealth through his business ventures, including his ownership of the Minardi Formula One team.
Popular As |
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Occupation |
Businessman |
Age |
69 years old |
Zodiac Sign |
Gemini |
Born |
26 May 1955 |
Birthday |
26 May |
Birthplace |
Coburg, Victoria, Australia |
Nationality |
Australia |
We recommend you to check the complete list of Famous People born on 26 May.
He is a member of famous Businessman with the age 69 years old group.
Paul Stoddart Height, Weight & Measurements
At 69 years old, Paul Stoddart height not available right now. We will update Paul Stoddart's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Not Available |
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Paul Stoddart Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Paul Stoddart worth at the age of 69 years old? Paul Stoddart’s income source is mostly from being a successful Businessman. He is from Australia. We have estimated
Paul Stoddart'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 |
Businessman |
Paul Stoddart Social Network
Timeline
With the new F1 management wanting to expand the F1 Experience for their fans. Starting from the 2017 Spanish Grand Prix, Paul Stoddart is offering fans the ability to get in one of his Minardi Fx2 cars.
In March 2006, less than a year after selling his team to Red Bull, Stoddart announced his intentions to return the Minardi name to Formula One after lodging an entry with the FIA for the 2008 championship season. However, rival entry Prodrive were awarded the 12th and final place on the grid (which they ultimately did not use).
In December 2006 Stoddart purchased the CTE-HVM ChampCar team which he renamed Minardi Team USA - Giancarlo Minardi retains the rights to use the name in some formulae and markets, Stoddart in others. The team was successful, Robert Doornbos finishing 3rd overall and taking the Rookie of the Year honours. However, a month before the 2008 season, ChampCar was absorbed by the rival Indy Racing League. Although enthusiastic about the future of the series, Stoddart opted not to enter it, fearing that he and the other ex-ChampCar teams would be unable to be competitive. However, the half of the team owned by Keith Wiggins continued on as HVM Racing in the IRL.
Stoddart realized his dream to become a Formula One team owner when Minardi shareholder Gabriele Rumi sold out to him shortly before the 2001 season began. Under Stoddart, the team struggled from 2001 to 2005, remaining a perennial backmarker due to its shortage of lucrative sponsorship. Stoddart almost sold European Aviation at the end of 2002 and Wilux became Minardi's title sponsor. Longtime Minardi sporting director John Walton died on the eve of the 2004 British Grand Prix; the team ran a sponsor-free tribute livery for that race, but Wilux subsequently ended its sponsorship, stating that they would rather have been informed beforehand. A lack of sponsorship once again left Minardi's future very much in doubt. For most of what would turn out to be Minardi's final season on the grid, the black cars were emblazoned with OzJet, a three aircraft Boeing 737-300 business class only airline in Australia owned by Stoddart, that flew for a few months but is now operating as a Charter service. On 12 September 2005, Stoddart announced that he had sold his team to Red Bull Racing owner Dietrich Mateschitz who subsequently rebranded the team as Toro Rosso.
European Aviation moved on to sponsor Arrows in 2000 and his European Racing became the Arrows Junior Team, with driver Mark Webber.
Tyrrell had almost adopted Stoddart and European Aviation as a technical partner, and were planning a team wind tunnel at the company's headquarters, when in early 1998, British American Tobacco bought out the Tyrrell family and established its own team, British American Racing. Stoddart bought much of the Tyrrell equipment and became a sponsor of Jordan Grand Prix in 1999; he also entered two drivers in the Formula 3000 championship.
Stoddart returned to racing in 1996 when he purchased ten Tyrrell F1 cars, a Minardi, a Benetton, and a Brabham for his own use. European Aviation sponsored Tyrrell in 1997; the same year, Stoddart entered his numerous F1 cars in an F1 Historical Championship; he established his own team, European Formula Racing, whose driver Nigel Greensall won the championship in 1997 and 1998.
In late 1989, Stoddart purchased two BAC 1-11 aircraft and three Falcon 20 business jets (and a large assortment of spare parts for both aircraft) from the Royal Australian Air Force's 'VIP Squad' (the Canberra-based No 34 SQN), intending to on-sell the BAC 1-11s to a VIP operator or charter service in the UK/Africa. The Falcon 20 aircraft were on-sold from his Sydney base, at Hawker Pacific Mascot, to civilian buyers. The first BAC 1-11 was flown to England in April 1990 with the second following in 1991. He bought a number of BAC 1-11 aircraft from DAN AIR forming European Aviation.
Paul Stoddart (born 26 May 1955) is an Australian millionaire airline magnate, and former owner of the Minardi Formula One racing team. He later took the Minardi brand into the Champ Car World Series after his purchase of a portion of CTE-HVM Racing which he renamed Minardi Team USA for 2007.