Eddie Jordan, F1 Team Owner, Passes Away at 76 After Cancer Battle
Eddie Jordan, the former Formula 1 team owner, passed away at 76 after battling cancer. He was known for managing Jordan Grand Prix from 1991 to 2005 and had a net worth of approximately $600 million. His contributions to the sport included nurturing talents like Michael Schumacher and Damon Hill, achieving significant milestones during his career.
The motorsport community is mourning the loss of Eddie Jordan, the former Formula 1 team owner, who has passed away at the age of 76 after a brief battle with cancer. Jordan was diagnosed with bladder and prostate cancer earlier last year and publicly shared his diagnosis in December. A family statement confirmed his peaceful passing in Cape Town on March 20, 2025, surrounded by family.
Eddie Jordan made significant strides in Formula 1 as the founder of Jordan Grand Prix, a team that competed between 1991 and 2005. His team was pivotal in launching the careers of numerous racing legends, including Michael Schumacher and Damon Hill. Notable figures such as Ayrton Senna, Nigel Mansell, and Ralf Schumacher also raced for Jordan’s team.
The highlight of Jordan Grand Prix came in 1998 when Ralf Schumacher and Damon Hill secured first and second positions at the Belgian Grand Prix. In the following year, Heinz-Harald Frentzen showcased his talent, finishing third in the drivers’ championship, marking the highest achievement for a Jordan driver.
Eddie Jordan amassed an impressive net worth, estimated at $600 million (£470.9 million), according to Celebrity Net Worth. Despite never racing professionally in Formula 1 himself, his successful managerial career contributed significantly to his wealth. Jordan started in Formula 2 before dedicating his efforts to nurturing talent in the motorsport industry.
His substantial wealth allowed him to acquire luxurious assets, including a remarkable 45.3-meter sailing yacht, reflecting his love for an opulent lifestyle.
Eddie Jordan’s legacy in Formula 1 is marked by his contributions as a team owner and mentor to many drivers who later found success on the global stage. His battle with cancer has concluded, yet his impact on motorsport remains invaluable. With a notable net worth of $600 million, Jordan’s life story highlights his journey from a racing enthusiast in Formula 2 to a prominent figure in Formula 1’s history.
Original Source: www.irishstar.com
