F1 : What does a Formula One driver earn?

F1 Driver Salaries 2022: How Much Do Formula 1 Drivers Get Paid?

What will F1 driver salaries be like in 2022? With enormous contracts, Lewis Hamilton and Max Verstappen are the highest-paid men in Formula One.

Formula One is a major industry, with millions of dollars riding on each season’s results. Automobiles are expensive pieces of machinery in and of themselves.

Each race is a chance for the drivers to show that they are deserving of their spot on the grid and the money that comes with it.

Who earns the most money every year?

  1. Lewis Hamilton (Mercedes) — $40 million
  2. Max Verstappen (Red Bull) — $35 million
  3. Lando Norris (McLaren) — $20 million
  4. Fernando Alonso (Alpine) — $20 million
  5. Sebastian Vettel (Aston Martin) — $15 million
  6. Daniel Ricciardo (McLaren) — $15 million
  7. Charles Leclerc (Ferrari) — $12 million
  8. Carlos Sainz (Ferrari) — $10 million
  9. Valtteri Bottas (Alfa Romeo) — $10 million
  10. Lance Stroll (Aston Martin) — $10 million
  11. Sergio Perez (Red Bull) — $8 million
  12. Kevin Magnussen (Haas) — $6 million
  13. George Russell (Mercedes) — $5 million
  14. Esteban Ocon (Alpine ) — $5 million
  15. Pierre Gasly (AlphaTauri) — $5 million
  16. Alexander Albon (Williams) — $2 million
  17. Nicholas Latifi (Williams) — $1 million
  18. Mick Schumacher (Haas) — $1 million
  19. Guanyu Zhou (Alfa Romeo) — $1 million
  20. Yuki Tsunoda (AlphaTauri) — $750,000

*All salaries via Spotrac

Lewis Hamilton is the highest-paid driver in Formula 1, according to Spotrac, although Max Verstappen recently signed a long-term agreement, bringing his salary closer to that of his title competitors. He’ll remain under Red Bull’s contract until 2027.

However, because F1 driver salaries aren’t publicly available, we can only rely on reports about the worth of those contracts and renewals.

According to reports, Verstappen might earn as much as $50 million this season. However, further facts concerning his contract will need to emerge before that can be said with certainty.

In any case, the disparity between the lowest and highest earners is significant. Yuki Tsunoda, Guanyu Zhou, and Mick Schumacher are still getting their feet wet in Formula One. Tsunoda and Schumacher are both second-year drivers, while Zhou is a rookie.