In recent months, with Andretti‘s bid for a potential eleventh slot on the grid still ongoing, much has been said about the hypothetical prize money that teams divide each year at the end of the championship. About half of the profits generated by Formula 1 are shared among the 10 teams that participated in the world championship, with the constructor’s championship winner, of course, receiving the largest share of the pie.
Prize money 2023: Red Bull cashes in record figures
Since Liberty Media took over in 2017, and thanks to the Formula 1’s tremendous commercial growth, revenues have exponentially increased in recent years, reportedly reaching around $2.5 billion in the just-concluded season. This means that the prize money for 2023 is around the billion-dollar mark, to be distributed among the teams.
Starting with the reigning champions, Red Bull, who secured their second consecutive title after topping the constructor’s standings in 2022 as well, their share of the pie is estimated to be around $140 million.
Moving down the positions, the gap is approximately $9 million, which means that Mercedes, narrowly securing the second position against Ferrari, will receive around $131 million. It’s a slightly different story for Ferrari, who will receive $122 million from the prize money, plus an additional 5% of the total prize fund due to the historic position that the Prancing Horse has held since day one in Formula 1.
Thanks to a stunning second half of the season, McLaren managed to finish the season in fourth place and will receive a substantial $113 million, compared to Aston Martin’s $104 million. Despite a performance drop towards the end of the championship, the Silverstone-based team will still take home a significant sum.
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Below the three-digit mark, we find Alpine with $95 million. The French team endured a decidedly disappointing season, while Williams, especially thanks to Alexander Albon, will earn a solid $87 million. The penultimate position goes to AlphaTauri, taking home $78 million, while Alfa Romeo and Haas will earn “only” $69 and $60 million, respectively.
*The ranking does not take into account any external bonuses but exclusively considers the total prize fund.
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