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Jim Clark Net Worth

Formula One driver · Athletes

Jim Clark
Photo: Joop van Bilsen / Anefo · Wikimedia Commons · CC0
Estimated net worth

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Quick facts

Born1936

ProfessionFormula One driver

NationalityBritish

CategoryAthletes

Background and career

James Clark (4 March 1936 – 7 April 1968) was a British racing driver from Scotland who competed in Formula One from 1960 to 1968. Clark won two Formula One World Drivers' Championship titles, which he won in 1963 and 1965 with Lotus, and—at the time of his death—held the records for most wins (25), pole positions (33), and fastest laps (28), among others. In American open-wheel racing, Clark won the Indianapolis 500 in 1965 with Lotus, becoming the first non-American winner of the race in 49 years. Born in Fife and raised in the Scottish Borders, Clark started his racing career in road rallying and hillclimbing. By 1958, Clark had graduated to sports car racing in national competition with Border Reivers, racing the Jaguar D-Type and Porsche 356, where he attracted the attention of Lotus founder Colin Chapman. Driving a Lotus Elite, Clark finished second-in-class at the 24 Hours of Le Mans in 1959. Clark made his formula racing debut the following year in Formula Junior, winning the championship ahead of reigning seven-time Grand Prix motorcycle racing World Champion John Surtees. After immediately impressing in Formula Two, Clark was promoted to Formula One with Lotus for the remainder of the 1960 season alongside Surtees and Innes Ireland, making his debut at the Dutch Grand Prix and scoring his maiden podium four races later in Portugal; Clark finished third overall at Le Mans that year. Following multiple further podiums in 1961, Lotus fielded the highly-successful 25 chassis from 1962 onwards. Clark took his maiden win at the 1962 Belgian Grand Prix, achieving further wins at his home Grand Prix in Great Britain and in the United States, as he finished runner-up to career rival Graham Hill. After winning a then-record seven Grands Prix during his 1963 campaign, Clark won his maiden title, earning widespread acclaim for his performances. Despite winning the most races the following season, reliability issues with the Lotus 33 saw him fall to third in the standings. However, the same chassis would see Clark win again in 1965, as he took six victories in that season. Lotus then struggled to adapt to the 3-litre engine era, with Clark only able to win the United States Grand Prix during his second title defence. 1967 was more successful for Lotus under Cosworth power, with Clark taking four wins throughout the season. While leading the 1968 World Drivers' Championship, Clark died as a result of an accident during a Formula Two race at the Hockenheimring. Clark held the Formula One records for the most race wins until 1973, pole positions until 1989, and fastest laps also until 1989. He still holds several records in 2025, including the most grand slams (8). A versatile driver, Clark found success outside of formula racing in sports cars, touring cars, and American open-wheel racing. Clark was a champion in the British Saloon Car Championship, winning every race he entered in 1964, as well as in French and British Formula Two. He was a three-time champion of the Tasman Series, winning in 1965, 1967 and 1968, with a record 15 wins in 32 starts. In rallying, he entered the Rally of Great Britain in 1966. His successes in 1965—winning championships in Formula One, the Tasman Series, French Formula Two, and British Formula Two—make him the only driver in history to have won multiple championships in a single season alongside a World Drivers' Championship. Clark was inducted into the International Motorsports Hall of Fame in 1990.

James Clark was born into a farming family at Kilmany House Farm, Fife, the youngest child of five, and the only boy. In 1942, the family moved to Edington Mains Farm, near Duns, Berwickshire, in the Borders. He was educated at primary schools in Kilmany and then in Chirnside. Following three years of preparatory schooling at Clifton Hall School in Edinburgh he was sent to Loretto School in Musselburgh, East Lothian. Although his parents were opposed to the idea, Clark started his racing in local road rally and hill climb events driving his own Sunbeam-Talbot, and proved a fearsome competitor right from the start. On 16 June 1956, in his first event, he was behind the wheel of a DKW sonderklasse at Crimond, Scotland. By 1958, Clark was driving for the local Border Reivers team for Ian Scott-Watson, racing Jaguar D-Types and Porsches in national events, and winning 18 races. On Boxing Day 1958, Clark raced against the man who would launch him to superstardom. Driving a Lotus Elite, he finished second to Colin Chapman in a ten-lap grand touring race at Brands Hatch. Driving a Lotus Elite, Clark finished tenth at the 1959 24 Hours of Le Mans; he partnered with John Whitmore and the ex-Bruce Halford Lister Jaguar, winning the Bo'ness Hill Climb. Chapman was sufficiently impressed to give Clark a ride in one of his Formula Junior (FJ) cars. In March 1960, the first race for the newly introduced FJ took place at Goodwood. Clark finished first ahead of John Surtees and Trevor Taylor. Clark had made an earlier FJ appearance in a one-off race at Brands Hatch on Boxing Day, 1959, driving a Gemini-B.M.C. for Graham Warner of the Chequered Flag garage, Chiswick.

Clark made his Formula One (F1) Grand Prix debut, part-way through the 1960 season, during the 1960 Dutch Grand Prix at Zandvoort on 6 June. Lotus had lost Surtees, who took part to the Isle of Man TT series; alongside Innes Ireland and Alan Stacey, Clark was one of the substitutes deemed acceptable. He retired on lap 49 with final drive failure. His second Formula One race was the 1960 Belgian Grand Prix, held at the Spa-Francorchamps circuit, where he finished fifth and scored his first points finish. In the 1961 Italian Grand Prix on 10 September at Monza, Wolfgang von Trips in his Ferrari collided with Clark's Lotus. Von Trips's car became airborne and crashed into a side barrier, fatally throwing von Trips out of the car and killing fifteen spectators. Clark and his car were subjected to an investigation; he was initially accused of manslaughter, before the charges were dropped. At the time, Clark described the accident by saying: "Von Trips and I were racing along the straightaway and were nearing one of the banked curves, the one on the southern end. We were about 100 metres from the beginning of the curve. Von Trips was running close to the inside of the track. I was closely following him, keeping near the outside. At one point von Trips shifted sideways so that my front wheels collided with his back wheels. It was the fatal moment. Von Trips's car spun twice and went into the guardrail along the inside of the track. Then it bounced back, struck my own car and bounced down into the crowd." In his later testimony, he recalled the collision had become unavoidable, saying: "Trips was head of me, driving on the center of the track. Suddenly he slowed down. Since my Lotus was faster than the Ferrari, I tried to overtake him. In the same instant the Ferrari surprisingly pulled to the left, and a collision became unavoidable..." Clark's first Drivers' World Championship came driving the Lotus 25 in 1963, winning seven out of the ten races and Lotus its first Constructors' World Championship. The 1963 Indianapolis 500 saw Clark's debut in the series; he finished in second position behind Parnelli Jones and won Indianapolis 500 Rookie of the Year honours. The 1963 Indy 500 result remains controversial. Before the race, United States Auto Club (USAC) officials had told the drivers that they would black flag any car that was seen to be leaking oil onto the track. Late in the race, Jones' front-engined roadster developed a crack in the oil tank and began to leak oil. With the track surface already being slippery this resulted in a number of cars spinning and led to popular driver Eddie Sachs crashing into the outside wall. USAC officials were set to black flag Jones after the Sachs crash until his car owner J. C. Agajanian ran down pit lane and somehow convinced them that the oil leak was below the level of a known crack and would not leak any further. Colin Chapman later accused USAC officials of being biased because Clark and Lotus were a British team with a rear-engine car. Many, including journalist and author Brock Yates, believed that had it been an American driver and car in second place instead of Clark in the British built Lotus, officials would have black flagged Jones. Despite this, neither Lotus nor their engine supplier Ford protested the result, reasoning that winning as a result of a disqualification when Jones had led for 167 of the races 200 laps (Clark led for 28 laps) and had set the lap record speed of 151.541 mph (243.9 km/h) on lap 114, would not be well received by the public.

In 1964, Clark came within just a few laps of retaining his World Championship crown. As in 1962, an oil leak from the engine cost him the title, conceding to John Surtees. Tyre failure damaging the Lotus's suspension put paid to that year's attempt at the 1964 Indianapolis 500. He made amends and won the Championship again in 1965, and also won the 1965 Indianapolis 500 in the Lotus 38. He had to miss the prestigious 1965 Monaco Grand Prix to compete at Indianapolis but made history by driving the first mid-engined car to win at the fabled Brickyard, as well as becoming the only driver to date to win both the Indy 500 and the F1 title in the same year. Other drivers, including Graham Hill, Mario Andretti, Emerson Fittipaldi, and Jacques Villeneuve, also won both crowns but not in the same year.

The FIA decreed that from 1966 new 3-litre engine regulations would come into force, and Lotus were less competitive. Starting with a 2-litre Coventry-Climax engine in the Lotus 33, Clark did not score points until the 1966 British Grand Prix and a third place at the 1966 Dutch Grand Prix. From the 1966 Italian Grand Prix onwards, Lotus used the highly complex BRM H16 engine in the Lotus 43 car, with which Clark won the 1966 United States Grand Prix. He also picked up another second place at the 1966 Indianapolis 500, this time behind Hill. During 1967, Lotus and Clark used three completely different cars and engines. The Lotus 43 performed poorly at the opening 1967 South African Grand Prix, so Clark used an old Lotus 33 at the 1967 Monaco Grand Prix, retiring with suspension failure. Lotus then began its fruitful association with Ford-Cosworth. Their first car, the Lotus 49 featuring the most successful F1 engine in history, the Ford-Cosworth DFV, won its first race at the 1967 Dutch Grand Prix, driven by Clark. He won with it again at the 1967 British, United States, and Mexican Grands Prix, and at the 1968 South African Grand Prix. Concurrent with competing in the F1 World Drivers' Championship, Clark competed with Lotus in the Australasia-based Tasman Series, run for older F1 cars. He was series champion in 1965, 1967, and 1968. He won fourteen races in all, a record for the series. This included winning the 1968 Australian Grand Prix at the Sandown International Raceway in Melbourne, where he defeated the Ferrari 246T of Chris Amon by just 0.1 seconds after 55 laps of the 3.1 km (1.92 mi) circuit, the closest finish in the history of the Australian Grand Prix. The 1968 Tasman Series and Australian Grand Prix would prove to be his last major wins before his death.

In what would be the first of seven victories for Clark and Team Lotus that year, he won the 1963 Belgian Grand Prix at Spa-Francorchamps in foggy and rainy conditions. After starting eighth on the grid, he passed all of the cars in front of him, including early leader Graham Hill. About 17 laps into the race, with the rain coming down harder than ever, Clark had lapped the entire field except for Bruce McLaren, and was almost five minutes ahead of McLaren and his Cooper. In the 1965 Belgian Grand Prix at Spa-Francorchamps in the rain, Clark led every lap while driving most of the race one handed due to an issue with the gear lever. In the 1967 Italian Grand Prix at Monza after starting from pole, Clark was leading in his Lotus 49 (chassis R2), when a tyre punctured. He lost a lap while having the wheel changed in the pits. Rejoining sixteenth, he advanced through the field, progressively lowering the lap record and eventually equalling his pole time of 1m 28.5s, to regain the lost lap and the lead. He was narrowly ahead of Brabham and Surtees starting the last lap. As his car had not been filled with enough fuel, it faltered and finally coasted across the finish line in third place. In his Indianapolis 500 win, Clark led for 190 of the 200 laps, with a then-record average speed of over 150 mph (240 km/h), to become the first non-American in almost half a century to win the race. In 1963 and 1965, Clark equalled Alberto Ascari's record for the highest percentage of possible championship points in a season (100%). Leading 71.47% of the laps in 1963, Clark held the record for the highest percentage of laps in the lead in a season, losing it 60 years later in 2023 to Max Verstappen. He still holds the Grand Chelem record; as of July 2023, only 26 drivers had secured a Grand Chelem, of which there had been 66 in total. Clark's record is that he had the most races taking pole, fastest lap, race win, and leading every lap, achieving this eight times in a 32-race span over three years (the 1962 British Grand Prix, the 1963 Dutch Grand Prix that he won by more than a full lap, the 1963 French Grand Prix, the 1963 Mexican Grand Prix, the 1964 British Grand Prix, the 1965 South African Grand Prix, the 1965 French Grand Prix, and the 1965 German Grand Prix). Clark is also one of three drivers (the other being Ascari and Sebastian Vettel have achieved the feat in consecutive races. Alongside Vettel and Verstappen, Clark is the only driver to achieve a Grand Chelem in three consecutive years, and is the sole driver to accomplish this feat for four consecutive years (1962–1965). Clark finished his career with 274 total points.

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