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- Only a handful are believed to rake in more than $1 million annually, with Hamilton’s income off the track pegged at $10 million and Verstappen’s at $4 million for Forbes’ 2023 list of the world’s highest-paid athletes.
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- 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.
Nov 29, 2023 · In all, the 10 highest-paid drivers in F1 collected an estimated $258 million in 2023 before taxes, a slight dip from 2022’s $264 million. Unlike Forbes’ earnings lists for, say, soccer or the...
Nov 21, 2022 · Verstappen is F1’s highest-paid driver for 2022 with a pretax total of $60 million from his salary and bonuses, according to Forbes estimates.
- Why F1 Driver Salaries Depend on Their Bonuses
- F1 Driver Salaries in 2022
- Why It’S Difficult to Estimate F1 Driver Salaries
- Are F1 Driver Salaries Included in The Cost Cap?
- Who Is The Richest Formula 1 Driver Ever?
While we have no doubt the base salaries of F1 drivers could more than enough for some to live for a lifetime, they only paint part of the picture. The complicated world of motorsport contracts means that performance-based bonuses can determine a significant portion of the final wage. For instance, Kimi Raikkonen made a surprise return to Formula 1...
As you might expect, Lewis Hamilton is estimated to have the largest salary of the F1 drivers on the current grid. The seven-time world champion featured in 8th on Forbes list of highest-paid athletes in 2021. Lando Norris is also worth a mention here. One of the youngest drivers on the grid at 22 is estimated to earn the same salary as 40-year-old...
While F1 is the pinnacle of motorsport, it is also a business. And when it comes to money, Formula 1 teams and bosses keep their cards close to their chest. After all, if a top drivers’ salary was officially leaked, other teams would have a ballpark figure to make an offer for an alluring new contract. And former F1 driver and Sky Sports pundit Mar...
In 2021, a new cost cap concept was introduced to Formula 1. With limited exceptions, teams were required to keep costs under $145m. This figure reduced to $140 in 2022, and will decrease further to $135m in 2023. One of the listed exceptions to the cost cap is racing driver salaries and fees. This means teams are free to pay their star drivers as ...
Michael Schumacher is thought to be the highest-paid Formula 1 driver of all-time, as well as one of the highest-earning sportspeople ever. With five consecutive titles and a record-setting seven championships, the German completely dominated the sport in the early 2000s. And his price tag matched his celebrity. In 2017, Forbes published a list of ...
Aug 29, 2023 · The highest-paid F1 driver makes 55 times more than the Formula 1 drivers who earn the least. Who's raced to the top of the salary standings?
Recent reports suggest that Max Verstappen is currently the highest earner in F1, with his contract set to earn him a jaw-dropping $55 million per year until 2028. And that figure does not include ...
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 and...
