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Home » F1 driver salaries: Lewis Hamilton could overtake Max Verstappen with Ferrari deal

F1 driver salaries: Lewis Hamilton could overtake Max Verstappen with Ferrari deal. Forbes has released its top 10 highest-paid Formula 1 drivers..

The Golden Age of Formula 1
The surge in interest surrounding Formula 1 has brought significant new sponsorships, benefiting both the teams and the sport. This influx of money has also impacted driver salaries, with Forbes reporting a 23% increase for the top 10 earners compared to last year.

Who Are the Highest Earners?
Leading the list for the third consecutive year is Max Verstappen, earning $75 million from Red Bull, split into a fixed salary of $60 million and $15 million in performance bonuses.
Second place goes to Lewis Hamilton, who will earn $57 million in his final season with Mercedes. Completing the podium is Lando Norris of McLaren, earning $35 million following his contract renewal and impressive performances this season.

Fourth place belongs to Fernando Alonso of Aston Martin with $27.5 million. Further down are the Ferrari drivers, with Charles Leclerc in fifth place ($27 million) and Carlos Sainz in ninth ($19 million). Forbes notes that Lewis Hamilton’s expected move to Scuderia Ferrari could put the British champion back at the top of the earnings list, “setting a new salary record for F1.”

Sponsorship earnings were not included in these estimates.

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POS.DriverSalaryNetbonus
1Max Verstappen75 mln $60 mln $15 mln $
2Lewis Hamilton57 mln $55 mln $2 mln $
3Lando Norris35 mln $12 mln $23 mln $
4Fernando Alonso27,5 mln $24,5 mln $3 mln $
5Charles Leclerc27 mln $15 mln $12 mln $
6George Russell23 mln $15 mln $8 mln $
7Oscar Piastri22 mln $5 mln $17 mln $
8Sergio Perez19,5 mln $12,5 mln $7 mln $
9Carlos Sainz19 mln $10 mln $9 mln $
10Pierre Gasly12 mln $10 mln $2 mln $
Dec 28, 2024Alex Marino
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Alex Marino

Alex Marino is a ScuderiaFans editorial byline focused on breaking Ferrari news, official team updates and major Formula 1 developments. Articles published under this byline are reviewed for clarity and factual accuracy.

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