Chase Carey is a name synonymous with transformative leadership in the world of media and motorsports. Known for his tenure as the Chairman and CEO of Formula 1, Carey has left an indelible mark on one of the most prestigious racing organizations globally. But beyond his professional accolades, many are curious about his financial standing. How much is Chase Carey worth today? What factors have contributed to his wealth? In this comprehensive blog post, we’ll explore Chase Carey’s net worth, career milestones, and the elements that have shaped his financial success.
Who Is Chase Carey?
Chase Carey is an American business executive with a career spanning decades across media, entertainment, and sports industries. Born on November 22, 1953, in New York City, Carey graduated from Colgate University and later earned an MBA from Harvard Business School. His distinctive mustache and sharp business acumen have made him a recognizable figure in corporate boardrooms and racetracks alike.
Carey’s journey to prominence began in the media sector, where he held key roles at companies like 21st Century Fox and DirecTV. However, his most notable contribution came when he took the helm of Formula 1 in 2017, steering the sport into a new era of growth and modernization. His strategic vision and leadership have not only elevated his reputation but also significantly impacted his personal wealth.
Chase Carey’s Net Worth in 2025
Estimating the net worth of a private individual like Chase Carey can be challenging due to limited public financial disclosures. However, based on available data from various sources, including his executive compensation, stock transactions, and industry insights, Chase Carey’s net worth is estimated to be in the range of $50 million to $100 million as of March 2025.
This figure reflects his earnings from high-profile roles, investments, and performance-based incentives tied to his leadership positions. Let’s break down the components that contribute to this impressive fortune.
Executive Compensation at Formula 1
Chase Carey’s tenure at Formula 1, which began when Liberty Media acquired the sport for $4.4 billion in 2017, was a pivotal chapter in his career. As Chairman and CEO, Carey’s compensation was heavily performance-based, tied to the financial success of the Formula 1 Group. Liberty Media’s CEO, Greg Maffei, once noted that the majority of Carey’s pay was linked to operational performance and stock value, though exact contract details remain private.
During his time at Formula 1 (2017–2020), the sport saw increased revenue streams through new race venues, digital initiatives, and sponsorship deals. While his base salary isn’t publicly disclosed, top executives in similar roles often earn multi-million-dollar annual packages, including bonuses and equity. It’s reasonable to estimate that Carey earned tens of millions during his three-year stint, significantly boosting his net worth.
Earnings from 21st Century Fox
Before Formula 1, Carey spent decades at 21st Century Fox, rising to the position of Vice Chairman. His tenure included overseeing major deals, such as the spin-off of News Corporation and the growth of Fox’s television and film divisions. According to SEC filings reported by Wallmine, Carey executed several stock trades involving Fox stock (FOXA), including exercising 3,511 units worth $138,333 in January 2024.
His long career at Fox, combined with stock options and bonuses, likely contributed $20 million or more to his wealth, given the lucrative nature of C-suite compensation in the media industry.
Other Ventures and Investments
Beyond his salaried roles, Carey has been involved in various boards and advisory positions, including his time at DirecTV and other media entities. These positions often come with retainers, stock grants, and consulting fees, adding to his income. Additionally, Carey’s personal investments—potentially in real estate, stocks, or private equity—could further elevate his net worth, though specifics remain speculative due to his private nature.
Career Milestones That Built His Fortune
Chase Carey’s wealth is a direct result of his strategic leadership and ability to navigate complex industries. Here are the key milestones that shaped his financial journey.
Early Career and Rise in Media
After earning his MBA, Carey joined Columbia Pictures in the late 1970s, marking his entry into the entertainment world. His career gained momentum when he moved to News Corporation (later 21st Century Fox) under Rupert Murdoch. Carey played a pivotal role in launching Fox News and expanding the company’s global footprint, earning him a reputation as a dealmaker and innovator.
Leadership at DirecTV
In 2003, Carey became CEO of DirecTV, a satellite television provider. During his six-year tenure, he turned around the struggling company, increasing its subscriber base and profitability. This success not only solidified his status as a top executive but also padded his earnings through salary, bonuses, and equity stakes.
Transforming Formula 1
Carey’s most publicized achievement came with Formula 1. When Liberty Media took over, the sport faced declining viewership and stagnant growth. Carey introduced sweeping changes, including:
- Digital Expansion: Launching F1 TV, a streaming platform that brought races to a global audience.
- New Races: Adding high-profile events like the Miami Grand Prix and exploring markets like Vietnam.
- Fan Engagement: Enhancing the sport’s social media presence and live experiences.
These initiatives revitalized Formula 1’s brand, increasing its valuation and, by extension, Carey’s performance-linked compensation. He stepped down as CEO in 2020, succeeded by Stefano Domenicali, but remained a non-executive chairman briefly, maintaining his influence and earnings.
Factors Influencing Chase Carey’s Net Worth
Several factors have shaped Carey’s financial standing over the years. Let’s explore these in detail.
Performance-Based Incentives
In high-stakes roles like Formula 1 and 21st Century Fox, Carey’s pay was tied to results. For instance, Liberty Media invested heavily in F1’s growth, and Carey’s compensation reflected the sport’s financial upturn. This structure incentivized success and aligned his earnings with corporate performance.
Stock Holdings and Trades
Carey’s stock transactions, particularly with Fox, have been a significant wealth driver. Exercising options and selling shares at peak values allowed him to cash in on the media giant’s success. While exact figures vary, these trades likely added millions to his net worth over time.
Industry Connections
Carey’s network, built through decades in media and sports, has opened doors to lucrative opportunities. His relationships with moguls like Rupert Murdoch and John Malone (of Liberty Media) positioned him for roles that few could access, each with substantial financial rewards.
Lifestyle and Personal Life
Despite his wealth, Chase Carey maintains a relatively low public profile. He resides primarily in the United States and has properties that reflect his status, though specifics are scarce. Unlike some executives who flaunt their riches, Carey’s focus appears to be on his work rather than ostentatious displays of wealth.
Family and Privacy
Carey is married and has children, but he keeps his family life private. This discretion extends to his finances, making it harder to pinpoint exact assets like real estate or luxury investments.
Philanthropy
While not widely publicized, Carey has been linked to charitable efforts, particularly in education and sports development. Any significant donations could influence his net worth, though they also reflect his commitment to giving back.
Comparing Chase Carey’s Net Worth to Peers
To contextualize Carey’s wealth, let’s compare him to other notable figures in media and motorsports.
- Rupert Murdoch: Carey’s former boss has a net worth exceeding $20 billion, dwarfing Carey’s fortune due to his ownership stakes in media empires.
- Bernie Ecclestone: The former F1 supremo, whom Carey replaced, boasts a net worth of around $2.5 billion, built over decades of controlling the sport.
- Greg Maffei: Liberty Media’s CEO, Carey’s collaborator at F1, has a net worth estimated at $400 million, reflecting his broader portfolio.
Carey’s $50–100 million places him in an elite but not billionaire tier, aligning with his role as a high-level executive rather than an owner-founder.
The Legacy of Chase Carey
Chase Carey’s financial success is a testament to his ability to innovate and lead in competitive industries. His tenure at Formula 1 not only enriched him personally but also left the sport stronger, with a modernized structure and global appeal. As of 2025, his net worth reflects a career of calculated risks and impactful decisions.
Future Prospects
Though Carey has stepped back from daily operations at F1, his expertise keeps him relevant. Advisory roles, board memberships, or new ventures could further grow his wealth in the coming years.
Conclusion
Chase Carey’s net worth, estimated at $50–100 million in 2025, encapsulates a lifetime of achievements in media and motorsports. From his early days at Fox to his game-changing leadership at Formula 1, Carey has built a fortune through talent, strategy, and perseverance. While he may not rival the billionaires he’s worked alongside, his wealth and legacy are substantial in their own right, marking him as one of the most influential executives of his generation.
FAQs
1. What is Chase Carey’s net worth in 2025?
Chase Carey’s net worth is estimated to be between $50 million and $100 million as of March 2025, based on his earnings from Formula 1, 21st Century Fox, and other ventures.
2. How much did Chase Carey earn at Formula 1?
While exact figures aren’t public, Carey’s compensation as F1 Chairman and CEO was performance-based, likely totaling tens of millions over his 2017–2020 tenure.
3. What was Chase Carey’s role at 21st Century Fox?
Carey served as Vice Chairman of 21st Century Fox, overseeing major media operations and contributing to the company’s growth, which bolstered his wealth through salary and stock.
4. Did Chase Carey transform Formula 1?
Yes, Carey modernized Formula 1 by expanding its digital presence, adding new races, and enhancing fan engagement, significantly increasing its global reach and revenue.
5. Is Chase Carey still involved with Formula 1?
As of 2020, Carey stepped down as CEO but briefly remained non-executive chairman. His current involvement, if any, is minimal as of March 2025.
