To say Formula 1 is booming would be one hell of an understatement.

Even off the back of the most uncompetitive season in the sport’s history, the ten teams on the grid are worth an average of £1.49billion, according to the latest calculations.

There’s little sign that profits will relent either, with F1’s decision to implement a cost cap in 2021, stopping unrelenting spending among the big teams and moving towards profitability to keep a healthy 20-car paddock.

So beneficial has the move been for the current teams that Red Bull recently turned down an astonishing $1billion [£790million] offer for B-team Alpha Tauri (now Visa Cash App RB Formula One Team).

Meanwhile, in 2021, Andretti Autosport were ready to pay £276m for a majority stake in Sauber, but just two years later in 2023, Audi ended up paying £514m for a minority purchase.

Outside of the cost cap, Netflix’s impact has been staggering, with Drive to Survive becoming the crown jewel of sports documentaries, drumming up interest worldwide even when the on-track entertainment isn’t at its best.

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The impact in the US has seen two more American Grand Prix added to the calendar in Miami and Las Vegas, while the original in Texas has broken attendance records for the sport.

All in all, since Forbes last calculated F1 teams’ average worth in 2018, the figure had increased by a gargantuan 276 per cent, shooting up to £1.49bn from £395m in a five-year span.

What’s really interesting, though, is how that money is divided up, and which team of the ten financial behemoths has the highest value of all…

10. Williams - £537m

The second-most successful constructor in F1 history, Williams bookend the list despite their nine constructors’ titles and seven drivers’ championships.

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Team principal James Vowles has been one of the most vocal voices in the paddock against the addition of an 11th team, admitting that the Grove-based team’s financial position is still precarious.

Dorilton Capital purchased the team in 2020 for £98m, and even with the caveat of having to settle a considerable amount of debt the investment firm made one of their shrewdest-ever purchases considering today’s worth.

9. Haas - £617m

It looked like Haas might be in some trouble in March 2022 when the team dropped Nikita Mazepin and his father’s company and team lead sponsor Uralkali due to Russia’s invasion of Ukraine.

In the past the loss of a lead sponsor would almost certainly be the death of a team, however, Haas survived and are still going strong, showing how stable F1 is across the paddock.

8. Kick Sauber - £711m

Currently in a holding pattern with Stake and Kick sponsoring the team for 2024 and 2025, Sauber will welcome an automotive behemoth in 2026.

The Swiss team have been on the grid since 1993, but have been under a number of different guises, most recently Alfa Romeo for the past six seasons.

The Italian brand has stepped aside for Stake and Kick, but in 2026 Audi will take over, bringing a gargantuan brand to the sport as a new engine provider, and undoubtedly increasing income even more.

7. RB VCARB - £890m

Despite plenty of ridicule over their new name, ‘Visa Cash App RB Formula One Team’ the Red Bull B-team are still raking in the money as the seventh most valuable team on the grid.

Their valuation is above a £790m purchase offer they reportedly rejected, justifying the decision and setting the bar high for any other team thinking of making a bid.

Introduced to the grid as ‘Toro Rosso’ in 2006, the team have raced under Red Bull’s ‘Alpha Tauri’ fashion brand for the past four seasons, and now their latest move suggests the team is less of a driver development outfit.

Just last season they replaced 28-year-old Nyck de Vries with 34-year-old Daniel Ricciardo, and if money is now the priority over development, they’re certainly making it work.

6. Aston Martin - £1.09bn

F1 unknowingly hit the jackpot in 2017 when Lance Stroll hit the grid with Williams.

With him came his father and one of Canada’s richest men, Lawrence, who went on to buy Force India a year later, and in 2020 he purchased a stake in Aston Martin.

A year later he combined the two to bring back the legendary marque to F1, and with profits soaring in F1, it will be interesting to see if the same happens in a competitive and faltering car market.

5. Alpine - £1.11bn

Perhaps the stand out example of how much money there is in F1, Renault are so rich they don’t even need to advertise their mainstream cars, swapping their F1 team’s name to their relatively limited sports car brand, Alpine, in 2021.

And, as another show of how much everyone wants to get involved, the team have since brought in huge names like Ryan Reynolds, Michael B. Jordan, Rory McIlroy and Patrick Mahomes as investors, while Zinedine Zidane has joined as an ambassador.