The 52-year-old lives on the Oxfordshire border near Banbury with his wife and Spice Girls singer Geri Halliwell.

Mr Horner was removed as Red Bull Racing team principal and chief executive in July 2025, bringing an end to a hugely successful spell stretching back to 2005.

Now the former Formula One boss has admitted he is in no rush to make a return to the sport.

Speaking at the Autosport Business Exchange in New York, Mr Horner told Motorsport.com: "To be honest with you, I’m not in any particular rush."

He added that he was happy remaining on the sidelines for the time being.

Lente Desportiva reports that Red Bull Technology's 2025 accounts showed £67m in severance and a further £9.029m described as compensation for loss of office, putting the package at just over £76m.

However, separate reporting on the accounts has cautioned that the filings do not identify Mr Horner by name alongside every disclosed amount, meaning the exact amount personally received cannot be established from those figures alone.

Despite being away from the pit wall, Mr Horner has made clear he does not consider his Formula One career to be over.

Speaking previously to German newspaper Bild, Mr Horner said: "I’m not retired. I’m not finished yet."

He indicated that he would only return for a project capable of competing at the level he wants, rather than simply taking another role on the grid.

Mr Horner told Motorsport.com: "I wouldn’t want to go back just to take part."

During his two decades in charge, Red Bull won eight drivers' championships and six constructors' championships.

Laurent Mekies replaced Mr Horner and has since signed a long-term extension to remain Red Bull team principal and chief executive until 2031.