F1 News, Reports and Race Results

Rosberg left '$100 million on the table' after F1 exit

Nico Rosberg says he left an estimated $100 million in earnings on the table when he decided to walk away from Formula 1 at the end of his championship winning year in 2016.

The former Mercedes driver shocked the world of F1 when he announced his retirement from the sport just weeks after clinching the title in a showdown with teammate Lewis Hamilton at the final round of the 2016 season in Abu Dhabi.

Since, the 36-year-old has never looked back, embarking on a successful career as an eco-entrepreneur and fending off offers to return to active duty in motorsport, although he retains a link with racing as a team owner in the all-electric off-road Extreme E series.

"I wanted to avoid going out as a has-been or someone who is not wanted anymore," he told The Times Magazine, reflecting on his decision to call it a day on his career as a driver.

"I mean, there was $100m on the table that I gave up on.

"I longed for a different kind of life. You don’t have flexibility when you’re racing. It was the best decision for my family – I didn’t think about the money for one second."

Rosberg and Hamilton's longstanding friendship, which had started when they were teenage karters supported by Mercedes and racing for the same team, did not withstand the pressures and tensions of their uncompromising rivalry in F1, even as teammates at Mercedes.

The 23-time Grand Prix winner says that F1's massive stakes often take their toll on drivers' friendships.

"That’s why they break up eventually, because there is so much at stake," he said. "And they start fighting more and more and they eventually break up because there’s so much money at stake, so much recognition at stake."

Rosberg also recalled how the tug-of-war and strife at Mercedes, a source of many headaches for team boss Toto Wolff, led to a fracture among Formula 1's fans.

"There were the two camps, the Nico camp and the Hamilton fans," he said. "And all the Hamilton fans were against me, of course.

"[Once], there were these four-year-old girls right in front of me with their dads, and they were booing me and giving me the thumbs down. Their dads told them I was bad and that they needed to boo me!"

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Sebastian Montoya steps up to Formula 2 with Prema

Sebastian Montoya, the 19-year-old son of former Formula 1 star Juan Pablo Montoya, is set…

8 hours ago

Sauber finds its ‘Northern Star’ under Binotto’s leadership

When former Ferrari team principal Mattia Binotto took on the role of Chief Operating Officer…

9 hours ago

Leclerc hails a season ‘without missed opportunities' in 2024

Charles Leclerc concluded the 2024 F1 season with a sense of satisfaction, the Ferrari driver…

11 hours ago

Coulthard sounds alarm over FIA president’s rift with F1 drivers

Former Formula 1 driver David Coulthard has voiced his dismay at FIA president Mohammed Ben…

12 hours ago

The rapid rise and fall of Super Aguri in F1

Super Aguri's application to join Formula 1 became a reality on this day in 2005,…

13 hours ago

Ferrari's 2024 Season: Marked improvement and a fight to the finish

Ferrari roared back into contention in 2024 to deliver their strongest season in years, thanks…

14 hours ago