Damon Hill Net Worth

Damon Graham Devereux Hill, OBE (Order of The British Empire) famously called Damon Hill in the world of Formula 1 is a former racing driver and son of Graham Hill, who himself was a former racing driver as well as two-time Formula One world champion. Hill, along with Nico Rosberg, are the only two sons of Formula One world champions to win the title. He started racing on motorbikes in 1981, and after a minor success, he moved on to single-seater racing cars.

Despite progressing steadily to the ranks in the international Formula 3000 championship by 1989, and often being competitive, he never won a race at that level. Hill became a test driver for the title-winning Williams team in 1992. He was then promoted to the Williams race team the following year after Riccardo Patrese’s departure and took the first of his 22 victories at the 1993 Hungarian Grand Prix. Damon Hill was Micheal Schumacher’s title rival for the Formula One Driver’s Championship, which resulted in the clash of these two several times, on and off the track. Their collision at the 1994 Australian Grand Prix gave Schumacher his first title by a single point. Hill became the champion in 1996 with eight wins but was dropped by Williams for the following season. He went on to drive for the less competitive Arrows and Jordan teams, and in 1998 gave Jordan their first win.

How much is Damon Hill's Net Worth in 2024?

Damon Hill has an estimated net worth of $30 million as of November 2024, according to Celebrity Net Worth. Hill is a Formula 1 world champion. He has earned his wealth through his earnings from motorsports and endorsements. Damon Hill was among the favorite championship contenders for many seasons in Formula 1. His net worth is estimated on the basis of his assets and race winnings. Damon Hill won 22 races in Formula 1 which greatly contributed to his net worth.

Damon Hill's salary and contract details are not disclosed publicly by the driver or the teams he raced for.

Damon Hill Investments

Damon Hill was a part of the Raising Partners Angels syndicate, which funded £200,000 to Zero Petroleum. Zero Petroleum, founded by Formula 1 engineer, Paddy Lowe, is a British company that works on net zero synthetic fuels by recycling carbon dioxide and water. Damon Hill and Michael Breen founded the Prestige and Super Car Private Members Club P1 International in 2000.

Hill has a BMW dealership in Royal Leamington Spa and an Audi dealership in Exeter. He went on to become the President of the British Driver's Racing Club. Under his tenure, the Silverstone circuit acquired a 17-year contract to host Formula 1 races.

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Damon Hill Other Sources of Income

Damon Hill earned money while presiding over the Formula 1 deal acquired by Silverstone Circuit. He also earns royalty as the author of Watching the Wheels, his autobiography which was published in 2016. Hill works as a broadcaster for the Sky Sports Formula 1 team, as of 2024.

Damon Hill House

Damon Hill resides in Chiddingfold, United Kingdom, as of 2024.

Damon Hill Charity Work

Damon Hill participated in the 2012 VW Scirocco R-Cup at Brands Hatch to raise funds for the Halow Charity. Additionally, Damon Hill is a patron of the Down’s Syndrome Association and St. Joseph’s Specialist School and College. It is a school for children with autism and other severe learning disabilities.