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Nov 21, 2022 · Now, with a second straight title sewn up weeks ago, Red Bull Racing’s 25-year-old star is outpacing his Mercedes rival in the financial race, too. Verstappen is F1’s highest-paid driver for ...
Jul 5, 2023 · For 2023, the salaries for F1 drivers range from $1 million to a lofty $55 million. Red Bull’s Max Verstappen, who won the F1 drivers’ championship in 2022, was the highest-paid F1 driver for ...
- Joshua Mayne
- Red Bull. Max Verstappen. Win more, earn more. Verstappen will be paid $55 million this year as he races in his second season as the reigning champion. If he delivers and guides Red Bull to another drivers' and constructors' championship, he will be well worth the money.
- Ferrari. Charles Leclerc. Last season's runner-up Leclerc has been rewarded for his strong showings, in line to make $24 million this year. His salary makes him the third top earner on the 2023 grid.
- Mercedes. Lewis Hamilton. Hamilton's ability, experience and star power will see him earn $35 million this season. Despite not winning a race last year and finishing an underwhelming sixth place in the standings, his record in F1 speaks for itself.
- Alpine. Esteban Ocon. Ocon will earn $6 million in his fourth season with the Renault-owned team. Whilst his championship finishes - 12th, 11th and 8th - have been slightly underwhelming, he has performed consistently for Alpine.
- Max Verstappen - $40 million salary, $20 million bonus. There can be little surprise that Verstappen's contract is the most lucrative in Formula 1, having claimed the Championship in two consecutive seasons.
- Lewis Hamilton - $55 million salary. Having claimed 7-World Championships in Formula 1 -including six for Mercedes - Hamilton's blockbuster earnings are to be expected.
- Fernando Alonso - $30 million salary. At 41 years of age, Alonso continues to demonstrate that age is not always a limiting factor in performance. Alpine was willing to splash the cash to secure the Double Champion's return, although they have failed to maintain his services for the long term.
- Sergio Perez - $10 million salary, $16 million bonus. Perez has proved an integral part of Red Bull's recent Championship success, earning him a significant contract with the Austrian squad.
Mar 21, 2024 · 23. £785,300. $1m. €917,000. Estimated Formula 1 driver salaries in 2024. It is worth bearing in mind that these figures have not been published by the teams, so it’s impossible to know the exact figures. These numbers are estimations which have been complied by RacingNews365.
Feb 26, 2024 · F1 drivers earn a basic salary, displayed in the list above, but can also pocket bonuses for race wins and championships. Meaning Verstappen's pay packet will be substantially bigger than his $55m ...
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Aug 28, 2022 · A run through the salaries for the entire 2022 Formula 1 grid. Formula One drivers are reputed to earn huge amounts of money annually, but how much do they actually make? While exact figures are not made known to the public, most of the grid earns at least one million dollars per year, with nearly half the field making over ten million dollars ...
