Frank Williams. Source: Esquire

Frank Williams is a British businessman, mechanic, and former racing driver. He is the founder of the Williams Racing Team.

Early Life

Sir Francis Owen Garbett Williams was born in April 1942 in South Shields, England. His father served at the Royal Air Force officer while his mother worked in special education.

Source: The Guardian

He spent much of his later years of childhood at St Joseph’s College in Dumfries, Scotland. While studying there, a friend gave Williams a ride in his Jaguar XK150 which sparked his interest in fast cars.

Career

Prior to being the founder of Williams Racing Cars in 1966, he briefly worked as a driver and mechanic. Williams’ drivers competed in Formula One, Formula Two, and Formula Three. In 2012, he stepped down from the board of directors of Williams F1, and his daughter Claire Williams took his place.

Source: F1

Queen Elizabeth made Frank Williams a Commander of the Order of the British Empire in 1986. He received a knighthood in 1999 when France made him a Knight of the Legion of Honour for his work on Renault F1 engines.

In 2008, he received the Wheatcroft Trophy. In 2010, he received the Helen Rollason Award.

Source: F1

Following a £13 million loss in 2019, Williams announced in 2020 that it is considering selling the Formula One team.

Net worth

According to reports, Williams net worth was estimated to be £109 million ($135 million) in 2020.

Williams’ Formula One team has won 16 FIA Formula One world championships out of which they won nine for constructors and seven for drivers.

Williams F1 team was reportedly sold to American private investment firm Dorliton Capital in August 2020 for £135 million. The Williams family sold the team because they had been struggling to cope with pandemic losses as well as the loss of title sponsor ROKiT for some time.

Jost Capito is Williams’ is serving as Williams’ current team principal.

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