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 the 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 collosion 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.
Damon Hill Net Worth, Salary and Endorsements
Retired in 1999, Damon Hill has a net worth of approximately of $30 million. The 1996 Formula One champion retired from the sport after winning 22 of his 106 races. When he won the title for Williams, his salary was £6m, but when he moved to Arrows, he took a pay cut. He later moved to Jordan on a £5m contract. However, after a crash at the Canadian GP in 1999, he decided to quit. In the late 1990s, he appeared in a Pizza Hut ad with veteran commentator Murray Walker. He had deals with American bank MBNA, Cellnet, Harrods and Italian watchmakers Lucien Rochat. Hill currently works as the part of the Sky Sports F1 broadcasting team.
Earnings 1999: Value of his luxury mansion in England upon purchase $3,975,000
Earnings 1995: 1995 French Grand Prix $500,000
SOURCE OF WEALTH
F1 Racing & Endorsements
Passat, Golf Diesel
Spanish Grand Prix 1992
Japanese Grand Prix 1999
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