Niki Lauda: F1 legend dies, aged 70

Niki Lauda in a past race

Niki Lauda in a past race

Since Lauda lifted the crown in 1984, coming out on top by only half a point over teammate Alain Prost, no other driver has achieved the feat of winning world championships with Formula 1's most decorated teams: Ferrari and McLaren.

Yesterday, Bruhl wrote on Instagram: 'The bravest man I've ever met, not only because he was an F1 world champion in the insane '70s and had the most incredible comeback in sport's history but also because of how he treated people'.

But he was perhaps best known for the remarkable recovery he made after being badly burned in a crash in the 1976 German Grand Prix.

Lauda was appointed non-executive chairman of Mercedes in 2012 and convinced Hamilton to sign for them from McLaren.

His family said in a statement sent to CNN, "With deep sadness, we announce that our beloved Niki has peacefully passed away with his family on Monday".

"It was a privilege to count him among our team and moving to witness just how much it meant to him to be part of the team's success", added Wolff. "Whenever he walked the floor in Brackley and Brixworth, or delivered one of his famous motivational speeches, he brought an energy that nobody else could replicate".

"His passing leaves a void in Formula One".

He made a remarkable recovery and was back in a auto just six weeks later. It is considered one of the greatest comebacks in sporting folklore. I remember seeing Niki put his helmet on, and his wounds were still absolutely obvious.

"I'm struggling to believe you are gone".

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"To be courageous enough to put on the helmet was unbelievable, but then he went out and qualified fifth. Yet, the very next day, he raced".

"He was such a fearless man to get over that accident".

Niki Lauda's net worth is an estimated $100million (£78million), according to Celebrity Net Worth.

In a slightly longer post on Instagram, he mentions Lauda for convincing him to join the team.

He won the F1 World title three times in the 1970's and 80's and later became an important figure within the Mercedes Formula 1 team.

Formula One is also set to honour him in Monte Carlo, with a series of tributes under consideration.

Lauda worked closely alongside Toto Wolff during his stint at Mercedes, acting as an adviser for the team during their successful stint in the V6 Hybrid era.

"His tireless drive, his straightforwardness and his courage remain an example and standard for us all".

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