Eddie Jordan Net Worth and Biography

Eddie Jordan is an Irish businessman, television personality, and former motorsport team owner, with an estimated net worth of $475 Million. He began his career working at the Bank of Ireland before venturing into car racing. He founded the Jordan Grand Prix, a Formula One constructor which operated from 1991 to 2005.

Bio Data

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Biography

Eddie Jordan was born at the Wentworth Nursing Home in Dublin on 30 March 1948,  to Eileen and Paddy Jordan.  He began his education at Saint Anne’s Pre-School in Milltown and later spent eleven years at the Synge Street Christian Brothers School. He completed his education studying accountancy at the College of Commerce, Dublin

Jordan began his career working for the Bank of Ireland as a clerk at their branch in Mullingar. After four years, Jordan moved to the branch in Dublin. During a banking strike in Dublin in 1970, he spent the summer on the island of Jersey, working as an accountant for an electricity company by day and doing bar work in the evenings.

During this period, he encountered kart racing for the first time. He bought a kart and began racing. He entered the Irish Kart Championship in 1971 and won it. In 1974 Jordan moved up to Formula Ford, the Irish Formula Ford Championship, and in 1975 to Formula Three, but was forced to sit out the 1976 season after shattering his left leg in a crash at Mallory Park.

After his injuries had healed, he switched to Formula Atlantic, won three races in 1977, and won the Irish Formula Atlantic Championship in 1978. Jordan and Stefan Johansson raced in British Formula Three in 1979, under the name “Team Ireland” and, in the same year, Jordan drove in one Formula Two race and did a small amount of testing for McLaren.

Career

At the end of 1979 and short of money, Jordan founded his first team, Eddie Jordan Racing. The team hired a series of drivers who competed in various events across Europe. In 1987 the team employed Johnny Herbert, who proceeded to win the British Formula Three Championship.

Jordan also entered a Formula 3000 team, whose first wins came with drivers Herbert and Martin Donnelly in 1988. In 1989 the Jordan F3000 team dominated the season and Jordan driver Jean Alesi won the championship. In 1989, hired Reynard Chief Designer Gary Anderson becoming Donnelly’s engineer and overseeing operations of the team eventually joining full-time on 4 February 1990.

Jordan founded Jordan Grand Prix in 1991 with Anderson as Chief Designer. The team quickly gained its respect and punched above its weight on a number of occasions during the season. Jordan gave Michael Schumacher his Formula 1 debut in the team’s debut season. After one race for the team, Schumacher was lured away to rivals Benetton.

In 1998 the team achieved its best ever result when drivers Damon Hill and Ralf Schumacher finished first and second at the Belgian Grand Prix. After losing a Honda engine partnership deal to the BAR team in 2002 and numerous difficulties within the team Jordan sold the team to Midland Group in early 2005, and the team was subsequently renamed MF1 Racing for 2006.

In 2009, Jordan returned to the F1 scene as a pundit for BBC Sport F1 coverage, He was the chief analyst from 2009 to 2015 before joining Top gear on Channel 4.

Honors and Accolades

Eddie Jordan is a recipient of numerous awards and Accolades. He has received honorary doctorates from the University of Ulster and Dublin Institute of Technology. He was also given James Joyce Award from the Literary and Historical Society of University College Dublin, to honor his contribution to motorsport in Ireland.

In March 2012, Jordan received an honorary OBE for services to charity and motor racing. He also received the Freedom of the City of London in September 2021.

Jordan received the Gold Medal of Honorary Patronage of the University Philosophical Society of Trinity College, Dublin to honor his contribution to motor racing and his charity work over the years.

Eddie Jordan’s Net Worth

Eddie Jordan is one of the richest car racers in the world, with an estimated net worth of $475 Million. As one of the biggest businessmen in Ireland. Jordan has considerable business interests in oil, motor racing, sports, property, gaming, entertainment, and the health and fitness industries.

He was a shareholder in Celtic Football Club. He is an investor in Kinmont Advisory and a partner in the hedge fund, Clareville Capital.  In 2018, Jordan assisted in the successful bid to acquire Oyster Yachts. He served as a director on the board until 2021 when he then became the brand ambassador for the luxury yacht builder

Jordan has also invested in property, both commercial real estate, as well as residential developments and investments. He also owns land which houses a PGA golf course and has also invested in a land bank in Bulgaria.

In 2021, he founded JKO Capital to invest in gaming and entertainment businesses and was linked with a $1bn bid to buy the OpenBet business from Scientific Games.