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.
| POS. | Driver | Salary | Net | bonus |
| 1 | Max Verstappen | 75 mln $ | 60 mln $ | 15 mln $ |
| 2 | Lewis Hamilton | 57 mln $ | 55 mln $ | 2 mln $ |
| 3 | Lando Norris | 35 mln $ | 12 mln $ | 23 mln $ |
| 4 | Fernando Alonso | 27,5 mln $ | 24,5 mln $ | 3 mln $ |
| 5 | Charles Leclerc | 27 mln $ | 15 mln $ | 12 mln $ |
| 6 | George Russell | 23 mln $ | 15 mln $ | 8 mln $ |
| 7 | Oscar Piastri | 22 mln $ | 5 mln $ | 17 mln $ |
| 8 | Sergio Perez | 19,5 mln $ | 12,5 mln $ | 7 mln $ |
| 9 | Carlos Sainz | 19 mln $ | 10 mln $ | 9 mln $ |
| 10 | Pierre Gasly | 12 mln $ | 10 mln $ | 2 mln $ |
Alex Marino is a seasoned motorsport journalist and a passionate Ferrari fan with over a decade of experience covering the fast-paced world of Formula 1.
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