McLaren CEO Zak Brown Earns $50M After 2024 F1 Constructors' Title Win

McLaren Racing CEO Zak Brown received a substantial pay increase to approximately $50.3 million (£37.3 million) in 2024, following the team's first Formula 1 constructors' championship title since 1998. This pay rise of around $14.7 million compared to the previous year reflects the team's on-track success and broader financial growth under Brown's leadership since 2018. McLaren's 2024 profits surged by over 300% to $50 million on revenues exceeding $714 million, with the team's valuation surpassing $4.6 billion amid ownership changes involving Bahrain's Mumtalakat and Abu Dhabi's CYVN Holdings. The team, led by drivers Lando Norris and Oscar Piastri, dominated the 2024 season and is on track to secure the 2025 constructors' title as well. Brown's earnings now outpace those of McLaren's top drivers, highlighting his role not only in sporting achievements but also in securing significant sponsorships and financial stability. Management pay across McLaren more than doubled in 2024, underscoring the organization's robust financial health and competitive resurgence in Formula 1.