Inside Mike Krack’s discreet lifestyle with humble net worth

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Mike Krack enjoys a private life away from the hectic world of F1 but details are known about his family and hobbies away from the track. It comes after a spectacular rise for the Luxembourger who is tasked with taking Aston Martin all the way to the top.

Racing career

Krack had ambitions to be a racing driver but opted to hang up the helmet to take a role behind the scenes. He once raced in European championships with future F1 stars such as Jarno Trulli and Giancarlo Fisichella.

Speaking to F1’s Beyond the Grid podcast, Krack said: “There were others quicker. I managed to do a couple of European levels in the early 1990s but then at one point, we realised if you don’t have the backing of the big Italian factories you’re not going to go anywhere.

“At one point I said it’s maybe better I go on the other side of the pit wall.”

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Move into F1

Before taking over as Aston Martin boss, Krack enjoyed a series of technical and engineering roles at some of the biggest manufacturers in motoring. He began his journey at BMW in 1998 but moved to Sauber as a data analysis engineer back in 2001.

He was Felipe Massa’s race engineer when the Brazilian started out in F1 back in 2003 but moved to become the team’s Chief Engineer. He also worked with a young Sebastian Vettel when he was just a test driver in BMW Sauber before his F1 debut.

After leaving and then rejoining BMW, he moved to Porsche where he worked on the development of their World Endurance Championship team. He worked closely on the successful 919 Hybrid before rejoining BMW in 2014.

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Not much is known about Krack’s life away from the circuit but he is understood to have children. He has previously admitted he takes his son go-karting when he is not at the racetrack on Grand Prix weekends.

Krack has a brother and a sister who he teased that one day he would “have an Aston Martin”. The 50-year-old has also previously opened up on the effects of his father in inspiring his passion for motorsport as a youngster.

In a sponsor video for Peroni, Krack said: “My father was a racer and so as a little boy I joined him on the racetracks, on the hillclimb, on the slalom racing. And then we had motocross bikes, we had karts, racing was around from the beginning.”


Last year Krack admitted he had two hobbies away from his work in the world of Formula One. However, both involve sports showing off his competitive nature even when he is not on the pit wall.

He explained: “There’s two things I’m doing outside of motorsport. It’s karting. I spend some of the free weekends on the karting track with my son. And football. Football is my second passion. I think there are a lot of discussions you can have on the bar about football.”

Net worth

According to FirstSportz, Krack has an estimated net worth of £830,000 ($1million). Formulapedia also confirms this is the Luxembourger’s net worth with a yearly salary of under $1m.

The report adds that he has a similar wage to rival team bosses such as Franz Tost, Jost Capito and Guenther Steiner.

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