All 10 Formula 1 teams have been valued above $1 billion in 2024 according to a report from Sportico, with Ferrari leading the ranking🏅🌠s.

F1 is enjoying arguably its biggest boom period ever under🐲 Liberty Media, who took over ownership o⛄f the series in 2017.

Numerous initiatives to make F1 more accessible, such as Netflix’s Drive To Survivꦅe, have seen the popularity of the series grow in the mainstre🃏am landscape.

As such, the race calendar has swelled to 24 grands prix while F1 has enjoye♑d partnerships w💃ith more major brands.

One key change to F1 in recent years has been the introduction of the cost cap, which sta𝔍nds at $135 million for the 2024 season.

While the key aim of this is to level the playing field across the grid on what teams can spend🐎 on car development, it has also made F1 squads more financially viable businesses.

According to Sportico, all 10 teams have a valuation in 2024 of above $1 billion, with Ferrari leading the way on $4.78 billion having generated reven🍒ue in 2023 of $619🍌 million.

Haas sits bottom of the table on $1.02 billion, with 2023 revenues of $184ꦺ million - with only Williams earning less last year at $158 million.

F1 world champion team Red Bull is third in the r𝓀ankings on $3.5 billion with a 2023 revenue of $555 million.

The full valuation list is as follows:

1 - Ferrari, $4.78 billion ($619m 2023 revenue)
2 - Mercedes, $3.94 billion ($680m 2023 revenue)
3 - Red Bull, $3.5 billion ($555m 2023 revenue)
4 - McLaren, $2.65 billion ($536m 2023 revenue)
5 - Aston Martin, $2.07 billion ($304m 2023 revenue)
6 - Alpine, $1.5 billion ($311m 2023 revenue)
7 - Williams, $1.24 billion ($158m 2023 revenue)
8 - RB, $1.22 billion ($226m 2023 revenue)
9 - Sauber, $1.2 billion ($189m 2023 revenue)
10 - Haas, $1.02 billion ($184m 2023 revenue)