Derek Warwick at a Glance
- Net Worth (2025): $30 Million
- Birthdate: August 27, 1954
- Birthplace: New Alresford, Hampshire, England
- Nationality: British
- Profession: Former Racing Driver, Businessman
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What is Derek Warwick’s Net Worth?
Derek Warwick has a net worth of $30 million. A British former racing driver, Warwick is best known for his long career in Formula One and for winning the 24 Hours of Le Mans. While he earned an income during his extensive racing career, the foundation of his substantial wealth comes from a highly successful post-racing career in business, particularly in car dealerships and property development.
Warwick translated his automotive expertise into a lucrative business empire. He founded a car dealership group that, at its peak, included five garages and generated an annual turnover of £50 million. In 2003, he sold his UK-based garages but retained the flagship Derek Warwick Honda dealership in Jersey, which continues to operate successfully. This business acumen extended to property, where he established several companies in the UK to build and sell residential and commercial properties. A significant part of his fortune was secured when he developed and sold two luxury homes in Jersey for a combined total of £20 million.
Early Life
Derek Warwick was born in Alresford, Hampshire, England. He began his competitive life not in single-seaters but in British stock car racing, known as Superstox. He demonstrated his talent early, winning the Superstox World Championship in 1973 at the age of 19. His younger brother, Paul Warwick, also became a professional racing driver before his fatal accident in 1991.
Career
Following his success in stock cars, Derek Warwick transitioned to open-wheel racing and quickly climbed the ranks. He won the British Formula 3 Championship, which propelled him into Formula One. He made his F1 debut in 1981 with the Toleman team. His most competitive years in Formula One came with the factory Renault team in 1984 and 1985, during which he secured four podium finishes and established himself as a highly respected and quick driver.
Warwick’s Formula One career was extensive, spanning 146 Grand Prix starts for teams including Toleman, Renault, Arrows, and Lotus. While an F1 race win eluded him, he found immense success in endurance racing, often competing in sports cars concurrently with his F1 commitments. He drove for the factory Jaguar team in the World Sportscar Championship, finishing runner-up in the series twice.
His greatest racing achievement came in 1992 when he drove for the dominant Peugeot factory team. That year, Warwick won the World Sportscar Championship and also secured victory in the legendary 24 Hours of Le Mans, sharing the Peugeot 905 with teammates Yannick Dalmas and Mark Blundell. After retiring from top-level F1, he also competed in the British Touring Car Championship (BTCC) for the Alfa Romeo and Vauxhall factory teams.
After stepping away from full-time driving, Warwick remained a central figure in British motorsport. He served as the President of the prestigious British Racing Drivers’ Club (BRDC), the owners of the Silverstone Circuit, from 2011 to 2017. He remains a Vice President of the club and frequently serves as an FIA driver steward for Formula One Grands Prix.
Business Ventures
Derek Warwick’s business ventures are the primary source of his net worth. He founded Derek Warwick Honda in Jersey in 1989, which became the cornerstone of a larger dealership group. This group expanded to five garages and was highly profitable, boasting a £50 million turnover. In 2003, Warwick strategically sold his UK mainland dealerships, retaining the successful Jersey operation. He also co-founded the Triple Eight Racing team, which famously ran the works Vauxhall team in the British Touring Car Championship during the late 1990s.
Beyond his car dealerships, he operates several property companies based in the UK that focus on building new residential houses and commercial office blocks. His most significant reported property dealings involve the development and sale of two high-specification luxury homes in Jersey, which together sold for £20 million.
