Formula 1 drivers and their staggering salaries: the figures for 2023 will make your head spin. After the championship concludes each year, Forbes compiles the list of the wealthiest individuals in Formula 1, creating a top 10 of the highest-paid drivers.
The renowned economic magazine consistently employs the same method to calculate salaries. The figures are based on financial documents, press releases, but also stem from reports from sources within the racing world.
F1 drivers typically receive a base salary plus bonuses for points scored or victories in races or based on championships; the bonus amount depends on the team’s size and the driver’s experience. Forbes has excluded off-track compensations, such as sponsorships and merchandising, from this list.
Here is the list of F1 drivers’ salaries for 2023:
1. Max Verstappen: $70 million. Salary: $45 million, Bonus: $25 million
2. Lewis Hamilton: Salary: $55 million, Bonus: $0
3. Fernando Alonso: $34 million. Salary: $24 million, Bonus: $10 million
4. Sergio Pérez: $26 million. Salary: $10 million, Bonus: $16 million
5. Charles Leclerc: $19 million. Salary: $14 million, Bonus: $5 million
6. Lando Norris: $15 million. Salary: $5 million, Bonus: $10 million
7. Carlos Sainz: $14 million. Salary: $8 million. Bonus: $6 million
8. George Russell: $9 million. Salary: $4 million. Bonus: $5 million
9. Pierre Gasly: $8 million. Salary: $5 million, Bonus: $3 million
10. Oscar Piastri: $8 million. Salary: $3 million, Bonus: $5 million
According to Forbes, these ten drivers would have a combined average income of around $258 million in 2023 alone; a slight decrease from the $264 million in 2022.
Source: f1ingenerale
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