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May 5, 2024 · F1 prize money 2024: Payout breakdown, how much drivers and constructors earn. Brad Cox. 05-05-2024 • 4 min read. Red Bull Content Pool. In Formula 1, drivers are putting their lives on the line ...
- Max Verstappen
- Lewis Hamilton
- Fernando Alonso
- Sergio Perez
- Charles Leclerc
- =6. Sebastian Vettel
- =6. Daniel Ricciardo
- Carlos Sainz
- Lando Norris
- George Russell
Earnings: $60m Hamilton had been enjoying life as Formula 1’s highest earner since 2013, but with Verstappen setting a new standard on the track, he is doing the same financially. Forbes state that on top of a basic salary of $40m, Verstappen raked in an additional $20m through bonuses in his record-breaking season.
Earnings: $55m Forbes’ information shows that Hamilton’s base salary is significantly higher than Verstappen’s at $55m, but the Mercedes driver has dropped from top spot after a year without bonuses. Mercedes were unable to build a title-contending challenger in the W13, with Hamilton finishing a Formula 1 season win-less for the first time in his ...
Earnings: $30m Coming in third is Alonso, who had far more luck with his finances in 2022 than with the reliability of his Alpine A522. Believing he was minus 60 points thanks to Alpine’s reliability woes, that even before his retirements in Mexico and Abu Dhabi, Alonso was at least paid well for his troubles in that final season at Enstone, his ba...
Earnings: $26m Perez is hoovering up the cash thanks to a bonus pot which significantly outweighed his basic Red Bull salary. Receiving $10m as standard, Perez then collected a further $16m in bonuses in a season where he won two races, helped Red Bull to their first Constructors’ title since 2013 and played the team gameas Verstappen charged to ti...
Earnings: $23m The Monaco native may have been frustrated to see his title challenge crumble, not entirely of own his fault, though partially, but his earnings for the year certainly do not make for disappointment. On top of his $12m salary, Leclerc earned another $11m in bonuses in a season which yielded three race wins and P2 in the Drivers’ Cham...
Earnings: $17m Formula 1 waved goodbye to Vettel following the Abu Dhabi GP, the four-time World Champion departing with a hefty pay packet banked. Paid a basic salary of $15m by Aston Martin for his final Formula 1 season, Vettel earned an extra $2m in bonuses despite Aston Martin falling short of expectations, managing only P7 in the standings an...
Earnings: $17m Tied with Vettel is another multi-time race winner who now departs the grid, hopefully not permanently, in the form of Ricciardo. It was a dismal second and final season with McLaren for the Aussie, who had his contract terminated a year early. He now returns to Red Bull to serve as their third driver. Still, a salary of $15m and bon...
Earnings: $15m Sainz endured a rather frustrating 2022 season, spending much of it struggling to extract the final few tenths which he needed to match the performances of team-mate Leclerc, though he did pick up a solitary win at Silverstone, the first of his career. Financially though his season was a real success, his salary of $8m boosted signif...
Earnings: $11m McLaren were tipped as a dark horse for 2022 with heavily revised regulations in play, though once again they found themselves battling to finish ‘best of the rest’, ultimately forced to settle for P5 with that honour going to Alpine. Still, it was another impressive campaign for Norris, who was the only driver outside of Red Bull, F...
Earnings: $10m And rounding out the list is Russell after his first season as a full-time Mercedes driver. Earning $3m through his standard salary, Russell claimed Mercedes’ only victory of the season and his first win with a mighty display at the Sao Paulo Grand Prix, winning the sprint and then the main event on Sunday, all of this factoring into...
- Jamie Woodhouse
People also ask
How much do Formula 1 drivers make a year?
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How do you calculate short-run aggregate supply?
How much does F1 cost?
Jul 17, 2023 · The short-run aggregate supply equation is: \(\mathrm{Y = Y^* + α(P-P_e)}\). In the equation, Y is the production of the economy, Y* is the natural level of production of the economy, the coefficient α is always greater than 0, P is the price level, and P e is the expected price level from consumers.
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 ...
Jul 22, 2021 · F ormula 1’s ten highest-paid drivers are on pace to earn a combined $211 million on the track this year, with Lewis Hamilton leading the way with a projected total of $62 million in salary...
This situation can cause the aggregate supply curve to shift back to the left. In diagram B above, the shift of the SRAS curve to the left also increases the price level from P0 at the original equilibrium E0 to a higher price level of P1 at the new equilibrium E1 . In effect, the rise in input prices ends up—after the final ...
If the price level in this economy is only 110 , for example, aggregate demand will exceed aggregate supply, leading to shortages. Buyers will compete with each other to get output, driving the price level up. Higher price levels will induce producers to increase their output.
