Nelson Piquet

Nelson Piquet Net Worth 2025: Earnings, Career, and Personal Life

: Nelson Piquet is a legendary Brazilian racing driver and Formula One three-time world champion who has built a diverse empire of business ventures beyond the racetrack. In 2025, his legacy as both a motorsport icon and a shrewd businessman keeps him in the global spotlight. This article explores his net worth, career achievements, personal life, and the sources of his wealth.

Personal Profile About Nelson Piquet

Age, Biography and Wiki

Occupation Business
Date of Birth
Age 73 Years
Birth Place N/A
Horoscope
Country Brazil

Height, Weight & Measurements

After a third place in the United States Grand Prix West, Piquet qualified on pole position in his home race, the Brazilian Grand Prix in his birth city of Rio de Janeiro, but quickly faded from contention after starting the race on slick tyres on a soaking wet track. At the next race, the Argentine Grand Prix in Buenos Aires, Brabham got around the ground-clearance rule by devising a suspension system that kept the car at the required height during technical inspection but lowered it onto the ground at speed, allowing it to race once again as a wing car. The superiority of the car was such that Piquet easily swept to victory and even his less experienced Mexican teammate Héctor Rebaque, who could usually be found well down the order, managed to retain second place until he was forced to retire. At the San Marino Grand Prix, almost all the teams adopted the innovation brought to Argentina by Brabham. Piquet won the race despite being caught out by rain.

The following year, Piquet was fast but his car proved to be unreliable despite Brabham entering into an alliance with BMW to supply the team with turbocharged engines that although were powerful, were also very unreliable and were the main reason why the car retired from so many races. Aside from the first Grand Prix in South Africa Brabham started the season using the Ford-Cosworth engined BT49D. Piquet won the Brazilian Grand Prix in Rio de Janeiro; the extreme heat and immense adhesion of the cars meant that Piquet and other drivers suffered from exhaustion; Piquet fainted while collecting his trophy on the podium. Piquet was later disqualified for his car being underweight from a protest from Renault and Ferrari. Piquet did not drive the BMW-engined BT50 until Belgium, and the low point of the season was Detroit where he failed to qualify due to an engine failure in qualifying. The ruling of Piquet's disqualification led to a political attack on the lowering of the minimum weight against Ferrari and Renault who used turbo engines. Ferrari's changes to the rear wing at the United States Grand Prix West and the disqualification of Gilles Villeneuve after the race caused the FOCA teams to boycott the San Marino Grand Prix.

Prior to the season, Piquet and Brabham conducted their winter testing at the Kyalami circuit in South Africa, along with the team's new tyre supplier Pirelli. It was through this testing that Pirelli came up with the tyre compounds they would use during the season. Unfortunately, unlike the hot conditions in South Africa, most of the European part of the season took place in unseasonably cold weather. This, and the Brabham BT54's weight distribution towards the back of the car saw the Pirelli tyres (especially the fronts) largely ineffective and left Piquet often fast, but ultimately uncompetitive.

Height 74 m
Weight
Body Measurements
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Dating & Relationship Status

Piquet had a brief career in tennis before losing interest in the sport and subsequently took up karting and hid his identity to prevent his father discovering his hobby. He became the Brazilian national karting champion in 1971–72 and won the Formula Vee Brazil championship in 1976. With advice from Emerson Fittipaldi, Piquet went to Europe to further success by taking the record number of wins in Formula Three in 1978, beating Jackie Stewart's all-time record.

In the same year, he made his Formula One debut with the Ensign team and drove for McLaren and Brabham. In 1979, Piquet moved to the Brabham team and finished the runner-up in 1980 before winning the championship in 1981. Piquet in 1982 was hampered by severe engine unreliability, but he saw a resurgence for 1983 and his second world championship. For 1984–85, Piquet had once again lost chances to win the championship but managed to score three wins during that period. He moved to the Williams team in 1986 and was a title contender until the final round in Australia. Piquet took his third and final championship in 1987 during a heated battle with teammate Nigel Mansell which left the pair's relationship sour. Piquet subsequently moved to Lotus for 1988–89 where he experienced his third drop in form. He eventually went to the Benetton team for 1990–91 where he managed to win three races before retiring.

His father moved his family to the new capital, Brasília, in 1960 and became Minister for Health in João Goulart's government (1961–64). Piquet had two brothers, Alexis and Geraldo, and a sister Genusa. Piquet was the youngest of the children.

His father wanted Piquet to be a professional tennis player and was given a scholarship at a school in the United States, in Atlanta. Piquet started playing tennis at the age of 11. He won tournaments in Brazil and eventually took a trip to California to test his skill against tougher American players. During his time, he had learned to speak English and greatly matured. His short tennis career saw Piquet to be prized as a good player but not thought sufficiently exciting for the sport, which led him to devote his career to motor racing.

Piquet started kart racing at the age of 14, but because his father did not approve of his racing career, he used his mother's maiden name Piquet (of French origin and pronounced as "Pee-Ké") misspelt as Piket to hide his identity.

In early 1988 he resorted to using the media to attack his rivals and gained a reputation as an outspoken "loose cannon," such as attacking Mansell and his wife, calling Mansell "an uneducated blockhead" (and insulting his wife's looks), and calling fellow Senna "the São Paulo taxi driver" and stating that he "doesn't like women." Piquet retracted his comments when both threatened legal action. He also earned the ire of the Tifosi at the San Marino Grand Prix when he said in an interview with Playboy that Scuderia Ferrari might do better as a team if the boss (Enzo Ferrari) was a younger man instead of the 90-year-old one who rarely attended races due to his age and failing health. Piquet claims he was badly misquoted in the interview, which also had him questioning Prost's standing as the best driver in the world. On the official FIA video review of the 1988 season, Piquet left no doubts that the article got it wrong in his comments about Ferrari (saying that at 90, Enzo Ferrari had to be a strong man to run a Formula One team), and that he considered Prost to be the world's best driver.

Piquet's helmet is white and red with a thick line resembling the seam on a tennis ball (possibly due to his father wanting him to be a tennis player), and teardrop shapes filling in the round areas on the sides and top. The seam and teardrops were usually red or orange with black trim, but some parts were yellow during his Lotus years due to the Camel sponsorship, and reverted to a deep red when he left Lotus for Benetton. His sons Nelson Jr. and Pedro followed his helmet design.

His second produced three children, including Nelson Angelo Piquet and Kelly Piquet. He also has another son from a previous relationship. He has two children with his current wife, including Pedro Estacio Piquet.

On 31 July 2007, Piquet, after repeated speeding and parking offenses, was stripped of his civilian driving licence and ordered by the Brazilian courts to attend a week of lessons in order to "learn good and safe driving conduct", and to then pass an exam. His wife Viviane received the same sentence. "I think we have to pay for our mistakes," Piquet told Brazilian media. "It's not just a speeding problem, I got tickets for all kinds of reasons, like parking where I shouldn't."

Piquet was known for insulting and slandering other drivers during and after his racing career. In 1988, Piquet made comments in a magazine about his rival Nigel Mansell, calling him an "uneducated blockhead" and describing his wife as "ugly". He also falsely accused Ayrton Senna of being homosexual and called Enzo Ferrari "senile", adding to the latter statement that the Ferrari team would have performed better at the time if Ferrari was 30 years younger. Mansell was in particular incensed about the personal attacks on his family which he described as "out of order", while Senna countered the accusations against his sexuality in a 1990 interview with the Brazilian edition of Playboy where he revealed that he lost his virginity to a prostitute when he was 13 years old. Senna speculated in the same interview that Piquet loathed him because he had previously slept with Piquet's then-future wife Despite Senna's high-profile relationships with Brazilian television personalities like Xuxa from 1988 to 1990 and Adriane Galisteu at the time of his death in 1994, Piquet continued to publicly refer to Senna as "gay" as late as 2020.

Parents
Husband
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Children

Net Worth and Salary

However, Piquet was becoming frustrated. He felt as if his loyalty to Brabham was being taken advantage of - his salary was lower than other drivers despite his success with the team - and he was not being informed of some team decisions. The switch to Pirelli tyres had been particularly upsetting: he felt it had been done purely for financial reasons and placed inordinate commitments on him for tyre testing. He was also concerned about financial security when he retired, citing the difficulties faced by Brazilian footballers Pelé and Garrincha after their professional careers ended. However, he was well integrated with the team and enjoyed close relationships with Gordon Murray and his mechanics, making him reluctant to leave.

It became obvious that the continued development of the FW11 meant that it was clearly the best car that year, and the 1987 championship was going to be disputed between Piquet and Mansell. Despite winning fewer races than Mansell in 1987, Piquet emerged as world champion. From Detroit to Portugal, he never finished off the podium, racking up points in what he called his "percentage driving policy" in his successful bid to win his third championship. Piquet announced during practice for the 1987 Hungarian Grand Prix that he had signed with Lotus as the undisputed number one driver, a position he claimed was promised at Williams from 1986, but was never honored following Frank Williams' car crash. It was also believed this was a big factor in Honda dropping Williams and moving to McLaren for 1988, despite another year left in the contract. The Japanese company, who paid most of Piquet's salary, considered him to be the number one and were privately fuming that Williams management did not rein in Mansell and allow Piquet an easier time.

During the Crashgate scandal, Piquet pledged to use his wealth to find out why his son had been ordered by the Renault team to crash deliberately during the 2008 Singapore Grand Prix. He and his son were eventually paid a six-figure sum for costs and libel damages.

In July 2022, Piquet was banned from the F1 paddock as a result of the slanderous statements made against Hamilton. Craig Slater of Sky Sports F1 reported that despite his apology, Piquet, "for the foreseeable future at least, will not be welcome in the Formula 1 paddock". The British Racing Drivers' Club also suspended Piquet’s membership, and were expected to terminate his status as an honorary member, following a 7 day notice period. In March 2023, he was ordered by a Brazilian court to pay BRL5000000 (approximately US$950000) in moral damages. The ban was lifted by the end of 2024, and Piquet was present at the São Paulo Grand Prix as a guest of Red Bull.

Career, Business and Investments

After retiring from Formula One, Piquet tried his hand at the Indianapolis 500 for two years. He also had a go at sports car racing at various points during and after his Formula One career. Piquet is currently retired and runs several businesses in Brazil. Piquet has faced several controversies since the 1980s—predominantly for his use of homophobic language—and was banned from the Formula One paddock in 2022. The ban was lifted in 2024.

Piquet dropped out of a University two years into an engineering course in 1974. He was subsequently employed in a garage to finance his career, since he had no financial support from his family.

In 1979, Piquet competed in his first full season in Formula One. He once again drove for the Brabham team, alongside double world champion, Niki Lauda. The season was difficult for the team, which was accustomed to success. Piquet retired from eleven of the fifteen races in the season. He started off his season being involved in a first-lap pile up and getting injured at the Argentine Grand Prix in Buenos Aires and crashing into Clay Regazzoni's Williams car at the Brazilian Grand Prix at Interlagos. The first points of his career came at the Dutch Grand Prix, where he finished fourth. He had a huge accident at the Italian Grand Prix; the rear section of his BT48 was completely ripped off at Monza's Curva Grande corner after another incident with Regazzoni; Piquet walked away uninjured. But even though the races saw him crash a few times, or retire with a semi-competitive car that had an unreliable engine, in qualifying Piquet performed well, qualifying in the top five several times – often out-qualifying Lauda. Two weeks after the Italian round, Lauda abruptly quit driving before the start of the Canadian Grand Prix, leaving Piquet as the number one driver for Brabham, and leaving him and new recruit Ricardo Zunino to debut the new BT49, which had a Ford-Cosworth DFV engine; Brabham ditched the Alfa Romeo V12's in protest to Alfa Romeo entering as a full works team. In the final race, the United States Grand Prix at Watkins Glen, Piquet started from the front row and took the fastest lap in the race, clearly showing the new BT49's considerable potential.

His only win was in the Canadian Grand Prix which was also BMW's first win in Formula One. In Germany, Piquet arrived to help Didier Pironi after he suffered a career-ending high-speed crash during practice. In the race, Piquet was leading until he collided with Eliseo Salazar whom he physically attacked at the side of the track on live television.

Piquet and the number 1 went to a stagnating Lotus team in, and his career took a nose dive despite the Camel sponsored Lotus 100T having the same specification Honda V6 turbo that powered the almost totally dominant McLarens of Ayrton Senna and Alain Prost - the 100T was a very poor chassis that was riddled with aerodynamic issues, was constantly flexing and was not properly compatible with the engine. Piquet, who had 20 wins and three World Championships following the 1987 season, began to lose his reputation when he had no wins in 1988, losing his number one status to fellow Brazilian Senna, who won eight races and the championship for McLaren (Prost won seven races, while Piquet could only manage three third-place finishes for the season).

This was followed by the final win of his F1 career at Montreal in – again at the expense of longtime rival Mansell, whose Williams-Renault stalled past the old pits on the last lap while leading. In late 1991, Piquet's teammate Roberto Moreno was replaced by Michael Schumacher, who remained for the rest of the season. He had talked to the Ligier and Ferrari teams about securing a drive, but Piquet then announced his retirement from Formula One in January 1992 to concentrate on his business activities.

Piquet attempted to race in the Indy car series and was hired by Team Menard to drive in the 1992 Indianapolis 500. He had taken to the track well, and appeared comfortable driving at high speeds despite never before racing on an oval. During practice, Piquet's car ran over a metallic piece of debris and drove through turn 3 at full speed. When driving through turn 4, Piquet abruptly took his foot off the pedal to enter the pit lane, which resulted in the car spinning and hitting the wall. Piquet suffered serious foot and ankle injuries and was forced to sit out the race. He returned after rehabilitation in 1993 and managed to qualify. He started in 13th position, but finished in 32nd, dropping out with engine problems after only 38 laps.

Since 2000, he has supported the career of his son, Nelson Piquet Jr., who drove in the F1-feeder category GP2 for 2 seasons, achieving a best championship result of second with four race wins, and was a test driver for Renault F1 in 2007.

Upon leaving motor sport, he founded Autotrac in 1992, a company that provides mobile data messaging and tracking of customers' trucks by satellite (GPS tracking). This business concluded quite successfully as the pioneer because the freight transportation of Brazil depended on trucks.

(key) (Races in bold indicate pole position; races in italics indicate fastest lap) † Did not finish, but was classified as he had completed more than 90% of the race distance.

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A move in to Williams saw Piquet becoming the teammate of one of his fiercest rivals, Nigel Mansell. It was reported that Honda were paying the bulk of his US$3.3 million contract. When Piquet had signed for Williams at 1985 Austrian Grand Prix, Piquet did not regard Mansell as a serious threat, as the Briton had not won a race yet in his fifth year in Formula One (and would win his first race a month later). Piquet had underestimated Mansell, and the Englishman came out of 1985 on a confidence high after winning 2 of the last 3 races in 1985. Both were regarded as high-strung characters with delicate temperaments, and two top drivers in the same team was a recipe for fireworks – and sure enough Mansell and Piquet went head to head for the title. Piquet had wanted to play the role as the number one driver. According to Piquet, the verbal agreement with Frank Williams on this point was clear, and Williams's comment that in signing Piquet he had "signed the best driver in the world" seemed to back that up. However, shortly before the beginning of the season, Frank Williams suffered a serious car accident that kept him away from the team for a long time and caused a permanent physical disability. The team was then led by technical director Patrick Head, who was also Mansell's race engineer.

Piquet made amends in, using political maneuvering and technical skill to gain the upper hand. He was also a very good testing and development driver, and was able to develop the Williams car further to make it even more competitive. At times during the season, the rift between himself and Mansell was evident, as Mansell was showing superior speed in qualifying and races. Piquet had also admitted to "not ever being quite right" after his qualifying crash for Round 2 at Imola. He was ordered by FISA's medical chief, Sid Watkins, not to race due to the concussion he suffered when his Williams hit the wall at high speed at the Tamburello curve. He was offered by RAI to join Mario Poltronieri and Clay Regazzoni to comment on the race. Piquet, who had maintained friendly relations within the commentary box, sent Ezio Zermiani. Piquet accepted improvising as a commentator, but beyond the short journalistic experience, Piquet complained at year-end about the fact that the incident had left strong psychological effects in its aftermath which had caused insomnia.

The late season announcement by Lotus meant that there were almost no seats left with one of the top teams (McLaren, Ferrari and Williams), leaving Piquet with the unenviable possibility of not having a drive for 1990. However, the Benetton team had a seat become available when they decided not to retain fill-in driver Emanuele Pirro. After two lacklustre seasons at Lotus, Piquet was forced to sign an incentive based payment-by-results deal with Benetton, who had acquired the services of John Barnard for their 1990 car, the B190 and had exclusive use of the factory Ford-Cosworth HB4 V8 engine. This saw Piquet return to something like his former top form in.

Known as a practical joker, Piquet lived a stereotypically playboy racing driver lifestyle, earning and losing and earning again a series of small fortunes in his business dealings. He remains a competitive driver in sports car racing, albeit more for fun than with serious intent. Never a fan of street circuits (save for Adelaide in Australia), he was critical of the Monaco Grand Prix by famously stating Monaco was like "riding a bicycle around your living room," but that "a win there was worth two anywhere else."

In 2021, during an interview on a Brazilian podcast, Piquet referred to Lewis Hamilton by the Portuguese term "neguinho" when discussing an incident between Hamilton and Max Verstappen at the 2021 British Grand Prix. After the comments resurfaced on social media in 2022, his use of the supposedly racial slur received condemnation from F1 and the community. Piquet later apologised for his remarks, explaining that they were not intended to be racist. Following this apology, new footage revealed Piquet also used homophobic language against Hamilton in a 2016 interview. When asked of his opinion about Keke Rosberg, the 1982 Formula One World Champion, Piquet described him as "a turd that has no value". He also went on to insinuate the reason Lewis Hamilton lost the 2016 Formula One World Championship to Rosberg's son, Nico Rosberg, was because Hamilton "must have been getting his ass fucked more often at that time, so things turned rough [for him]".

Education

Alongside Formula One, Piquet took part in the 1000km Nürburgring in 1980 and 1981 driving a BMW M1. He won the 1981 race alongside the German Hans-Joachim Stuck. However, the race had to be stopped roughly two hours in because of the fatal crash of Herbert Müller after 17 laps of the 14-mile (23 km) course.

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