How much is McLaren’s net worth?
Two months ago, MSP sold its stake back to McLaren Group’s owners—Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, and the Abu Dhabi investment vehicle CYVN Holdings—in a transaction that valued the full racing division at £3. MSP’s buy-in price. Sept 2 (Reuters) – Bahrain’s Mumtalakat and Abu Dhabi’s CYVN Holdings took full ownership of McLaren Racing on Tuesday in a deal one informed source said valued the reigning Formula One world champions at $5 billion.In December 2024, Mumtalakat Holding Company sold 100% of McLaren Automotive to Abu Dhabi-based investment firm CYVN Holdings.Zak Brown says McLaren Racing’s stake sale to Mumtalakat and CYVN is complete. Zak Brown has confirmed that the recently reported stake sale is all done, meaning McLaren Racing has reached a value of $4. Bloomberg.McLaren Racing was valued at more than $5 billion in a recent stake sale, Axios has learned. Why it matters: This is an all-time record valuation for an F1 team, topping the $4. Ferrari’s F1 team nabbed last year.
Does Elon Musk still own McLaren?
Musk later sold the McLaren F1 in 2007, stating that as the CEO of an electric car company, it was an image problem to own a gasoline supercar. Musk’s ownership and appreciation of the F1 made it a mental benchmark for his performance ambitions at Tesla. After selling Zip2 in 1999 for $22 million, Elon Musk made headlines with his first big purchase: a McLaren F1 supercar. At the time, it was one of the fastest and most exclusive cars in the world, with only 106 ever made. Musk spent approximately $1 million on the vehicle.
Is McLaren still a family-owned business?
Now the largest shareholder of the McLaren Group is the Bahrain Mumtalakat Holding Company, the sovereign wealth fund for the Kingdom of Bahrain. In other words, McLaren is primarily owned by the royal family of Bahrain, though it remains a public company. McLaren Automotive (/məˈklærən/ mə-KLA-rən; formerly known as McLaren Cars) is a British luxury automotive manufacturer based at the McLaren Technology Centre in Woking, England. The main products of the company are sports cars, which are produced in-house in designated production facilities.