Last updated: August 2026
| Net Worth | $30 million (estimated) |
| Born | September 17, 1960 (age 65), Hampstead, London, England |
| Profession | Former Formula 1 Driver / Broadcaster |
| Nationality | 🇬🇧 British |
Damon Hill is a former Formula 1 World Champion and the son of two-time champion Graham Hill. His net worth is estimated at around $30 million, built through his racing career, television broadcasting work, and business roles since retiring from the sport.
Early Life & Family
Damon Graham Devereux Hill was born on September 17, 1960, in Hampstead, London, to Graham Hill, the two-time F1 World Champion, and Bette Hill, a former rower. The family lived comfortably until Graham Hill was killed in a plane crash in 1975, when Damon was 15, an event that drastically changed the family’s circumstances. Damon worked as a laborer and motorcycle courier to fund his own path into motorsport.
Rise to Fame
Hill worked his way up through motorcycle racing and junior single-seater categories before joining Williams as a test driver in 1991. He drove for the struggling Brabham team in 1992 before a race seat opened up at Williams, where he took his first Grand Prix victory at the 1993 Hungarian Grand Prix, becoming the first son of an F1 race winner to win a grand prix himself.
Career History
Hill became Michael Schumacher’s chief rival through the mid-1990s, narrowly losing the 1994 title after a controversial collision with Schumacher in the season finale. In 1996 he dominated the season, winning eight races to clinch the Formula One World Drivers’ Championship with Williams — making him the first son of a champion to win the title himself. Despite the title, Williams did not renew his contract, and Hill moved to Arrows in 1997 before joining Jordan, where he scored the team’s maiden Grand Prix victory at the 1998 Belgian Grand Prix. He retired from F1 in 1999.
How They Built Their Wealth
Hill’s wealth comes from his F1 race winnings and championship bonuses during the 1990s, followed by a long second career as a broadcaster for Sky Sports F1 since 2012, along with governance roles including a term as President of the British Racing Drivers’ Club from 2006 to 2011.
Personal Life
Hill married Susan “Georgie” George in 1988; they have four children, including son Josh. One of their children has Down syndrome, and both parents serve as patrons of the Down’s Syndrome Association. Hill was appointed OBE and published an autobiography, Watching the Wheels, in 2016, in which he discussed struggles with depression.
Between an F1 world title, decades of broadcasting work, and motorsport governance roles, Damon Hill’s net worth is estimated at around $30 million as of 2026.