Top paid formula 1 drivers
Formula One drivers are living lavishly.
With the racing series' popularity booming in recent years, each of the 20 drivers on the grid have seen some extra cash in their pockets. Formula One's appeal in the United States soared due to the widespread Netflix docuseries "Drive to Survive," especially during the COVID pandemic.
As a product, 18 of the 20 drivers for reportedly will earn a salary of $1 million or more. Which drivers make the most funds, though? And how undertake the younger and lower-tier drivers stack up with the perennial race winners and world champions?
Here's a breakdown of F1 driver salaries for the season (all figures courtesy of RacingNews, not accounting for bonuses, sponsorships and endorsements):
Who is the highest paid F1 driver in ?
The two most decorated active drivers will earn the most money in
Max Verstappen leads the way for Red Bull Racing at a reported $65 million annual salary in That figure is well-earned by the year-old Verstappen, who has won four straight world drivers' championships. The Dutch star won has won 53 of 90 races
F1 driver salaries: how undertake much Formula 1 drivers earn?
Find out how much F1 drivers including Lewis Hamilton, Max Verstappen and Lando Norris are paid, as well as who scooped the biggest bonuses
Deciphering how much F1 drivers earn is a complicated task. The F1 wage payers are often reluctant to reveal the official figures. Then there are performance bonuses and sponsorships to factor in.
With some of the biggest wagon manufacturers in the world competing with lucrative brand deals, the money committed in the pinnacle of racing is dizzying.
So how much do F1 drivers really earn? In this article, expect to verb out Max Verstappens salary, the top paid drivers in Formula 1 and the numbers involved in the Hamilton/Ferrari deal.
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F1 driver salaries
Max Verstappen sits at the top of the F1 salaries chart, Lewis Hamiltons big wealth deal to Ferrari comes in second and a flurry of rookie signings bolster the bottom of the table.
The figures below are estimations and do not include bonuses which make up a large proportion of the drivers actual
F1 driver salaries: How much money does every driver earn?
Here is the estimated salary for every F1 driver.
F1 driver salaries | ||
Salary in $ (without bonuses) | Driver | Team |
72 | Max Verstappen | Red Bull |
60 | Lewis Hamilton | Mercedes |
34 | Charles Leclerc | Ferrari |
20 | Lando Norris | McLaren |
20 | Fernando Alonso | Aston Martin |
20 | Oscar Piastri | McLaren |
15 | George Russell | Mercedes |
10 | Carlos Sainz | Williams |
10 | Pierre Gasly | Alpine |
8 | Alexander Albon | Williams |
7 | Nico Hulkenberg | Sauber |
7 | Esteban Ocon | Haas |
3 | Lance Stroll | Aston Martin |
2 | Gabriel Bortoleto | Sauber |
2 | Yuki Tsunoda | Racing Bulls |
2 | Kimi Antonelli | Mercedes |
1 | Oliver Bearman | Haas |
1 | Liam Lawson | Racing Bulls |
Jack Doohan | Alpine | |
Isack Hadjar | Racing Bulls |
Max Verstappen retains his status as Formula 1's highest-earning driver, according to RacingNews estimates.
These estimates provide a base salary only - they do not involve bonuses for race wins or podiums, or sponsorships.
Lewis Hamilton, for so drawn-out the top earner in F1, is now trailing Ve
Here are the F1 driver salaries (and some are just insane…)
The F1 season is already packed with action — and the paychecks are just as spectacular. GQ Australia has unveiled the full list of Formula 1 driver salaries for the year. From Verstappen to Bearman, here’s who’s making what on the grid.
Verstappen leads — on track and on salary
Max Verstappen tops the list again with a staggering $65 million base salary. The Red Bull star has been nearly untouchable for years and shows no sign of slowing down — either in performance or in earnings.
Lewis Hamilton, now driving for Ferrari, is just behind at $60 million. Despite the switch from Mercedes, his market value remains sky-high.
Leclerc, Norris and Alonso round out the elite
In third place, Charles Leclerc pulls in $34 million at Ferrari. It’s a big number for a driver with only five wins — but 43 podiums help justify the paycheck.
Lando Norris and Fernando Alonso each earn $20 million, balancing youth and experience at McLaren and Aston Martin respectively.
More on Alonso’s long-term ambitions