Franz Tost, born on January 20, 1956, in Trins, Austria, has been instrumental in AlphaTauri's success in the Formula 1 racing world. Beginning his career as a racing driver and winning the Austrian Formula Ford championship in 1983, he switched to team management roles when he realized he didn't possess the skills for a successful Formula One driving career. After serving as the manager of Track-side Operations for Williams’ engine supplier BMW, he became the Team Principal of the AlphaTauri F1 team in 2006, a position he held until 2023. With significant achievements, including a sixth-place finish in three seasons – 2008, 2019, and 2021, Tost's net worth is approximately $5 million as of 2023. Despite stepping down as team principal, Tost's expertise will continue to guide the team as a consultant.
In the high-speed world of Formula 1, Franz Tost has carved a niche for himself as a strategic leader and the driving force behind the success of AlphaTauri. From his early days as a racing driver to his role as the team principal of AlphaTauri, Tost's journey is a testament to his passion for motorsport and his strategic acumen. This comprehensive profile offers an in-depth look at Tost's life, career, and his significant contributions to the world of Formula 1. Join us as we delve into the fascinating world of Franz Tost.
Franz Tost was born on January 20, 1956, in Trins, Austria. He completed his higher education in Sport Science and Management at the University of Innsbruck and the University of Vienna. Not much is known about his family background, parents, or siblings as Tost is a private individual who keeps his personal life away from the public eye.
Tost's career in motorsport began as a racing driver. He won the Austrian Formula Ford championship in 1983, competing in Formula 3 and Formula Ford. However, realizing that he lacked the skills to be a successful Formula One driver, Tost decided to study Sports Science and Management at the University of Innsbruck.
After graduating, Tost accepted the team manager role at Lechner Racing School. In 1993, he collaborated with Willi Weber, Michael Schumacher’s agent. Tost first managed the WTS Formula 3 team. On Weber's advice, Tost went to Japan with a young Ralf Schumacher to watch him compete in the Formula Nippon Series.
In 2000, Ralf Schumacher joined Williams F1. Following him was Tost, the manager of Track-side Operations for Williams’ engine supplier BMW. He held this position up to January 2006. In 2005, Red Bull bought Minardi and renamed the team Scuderia Torro Rosso. The team has since changed its name to Scuderia Alpha Tauri, and this is the result of this branding process. Since being hired in 2005, the Austrian has served as Team Principal.
Tost has been the Team Principal of the Alpha Tauri F1 team since 2006. He is a former professional racing driver and holds the record of winning the 1983 Austrian FF Championship. However, he could never make it big when it comes to full-time driving at the top level and later switched to team management roles.
Tost took his first big step in management in 1993 when he joined Willi Weber’s Formula 3 team as a Team Manager. Tost developed a close friendship with Ralf Schumacher and when Schumacher was roped in as an F1 driver, Tost was appointed as the Operations Manager in BMW’s F1 Programme. In 2005, Tost was appointed as the Team Principal of the newly formed F1 team Toro Rosso which in today’s time is known as Alpha Tauri.
Tost is one of the longest-serving Formula One team principals of all time and one of the most respected individuals within the F1 fraternity. In a professional career, spanning close to three decades, Tost has achieved considerable success with his team. To date, his best result with Alpha Tauri is a sixth-place finish in three seasons – 2008, 2019, 2021.
Franz Tost is a very private person who maintains the privacy of his family’s and his own personal issues. Although Mrs. Tost’s name is unknown, Franz Tost is reputed to be a devoted husband and father. Although there is no evidence to support this claim, Tost is said to be a father.
Franz Tost’s net worth is expected to be around $5 million as of 2023. Tost is one of the longest-serving Team Principals in motorsport. He has had a long career spanning close to three decades and it is understandable that he has accumulated a huge amount of net worth. When it comes to salary, a motorsport manager’s average pay is believed to be around $63,000. With Tost’s immense experience, it is quite obvious that he is earning much more and his estimated annual salary is around $1 million.
Franz Tost will be stepping down from his role as the team principal of Alpha Tauri at the end of the 2023 season. He will be replaced by Laurent Mekies, the sporting director of Ferrari. Despite stepping down, Tost will continue to work with the team as a consultant beyond the current season. His experience and knowledge will undoubtedly continue to be an asset to the team.
Franz Tost's career in Formula 1 has been marked by dedication, hard work, and a deep understanding of the sport. His contributions to Alpha Tauri and the wider F1 community will continue to be felt even after he steps down from his role as team principal. His legacy in the sport is secure, and his influence will continue to shape the future of Alpha Tauri and Formula 1.
