How Much Do Formula 1 Drivers Earn?

The vehicles in Formula 1 are extremely fast and require serious skill to drive. This is why F1 drivers are given the title of pilot, not driver. But do F1 drivers make as much money as the cars they drive? Which team pays which pilot how much salary per year? Let’s examine the salaries of pilots together.

Formula 1 It is a very expensive sport. Most pilots jump into the kart at the age of 4 and start training on the go kart tracks. Of course, all these expenses come out of the pockets of the families until they reach a certain level. Then again, many expenses are waiting for the pilot candidates selected for the youth driver programs of the teams. In this process, most pilot candidates struggle with finding sponsors.

When the drivers find themselves a seat in F1, the color changes. This time, the teams open their mouths for the pilots. Mercedes $55 million per year for its two pilots Red Bull pays $48 million, Ferrari $25 million. Williams and Haas, on the other hand, draw attention with their total salary of $2 million. So how much does each pilot earn?

Most wins: Lewis Hamilton

Seven-time world champion 36-year-old British driver Lewis Hamilton, who spent his 9th season in Mercedes, has a contract with the team until 2023. Sir Lewis Hamilton, who was awarded the title of Sir for his success in F1, renewed his contract with his team in July of this year. According to this contract, Hamilton’s annual net 45 million dollars will win. In addition, with annual earnings, Hamilton is the 8th highest-paid athlete in the world.

Hamilton’s rival with his salary: Max Verstappen

Max Verstappen

Red Bull’s 24-year-old Dutch young driver, who has been in a tight rivalry with Lewis Hamilton this season and is fighting for his first title. Max Verstappen has a contract with the team until 2023. Under this contract, Verstappen from Red Bull $40 million annually is winning.

The abyss begins: Ricciardo, Leclerc, Vettel

Charles Leclerc

After Hamilton and Verstappen in Formula 1 drastic drop in pilot salaries is observed. So much so that the three highest-paid drivers after Verstappen are; McLaren’s Daniel Riccardo, Ferrari’s Charles Leclerc and Aston Martin’s 4-time world champion Sebastian Vettel. All three of these pilots 15 million dollars is winning.

Stepson Bottas; Sainz, Stroll, Räikkönen and Alonso

Valtteri Bottas

Hamilton earns 45 million dollars annually from Mercedes; Now slowly saying goodbye to his teammate Finnish driver Valtteri Bottas earns $10 million a year. Just like Bottas we will watch in Alfa Romeo next season; Ferrari’s Carlos Sainz, Aston Martin’s Lance Stroll, Alfa Romeo’s old wolf Kimi Räikkönen and Alpine’s Fernando Alonso also earn $10 million a year.

Perez, Norris and others

Sergio Perez

Verstappen’s teammate and who has not yet found the output he is looking for, Mexican driver Sergio Perez, or Checo for short, who nevertheless closed a new contract with Red Bull; He earns $8 million a year. Perez is followed by Alpine’s Esteban Ocon, AlphaTauri’s Pierre Gasly, and McLaren’s British driver Lando Norris, who had a great season this year, each with an annual salary of $5 million.

Son of Formula 1 legend Michael Schumacher Mick and Russian rookie Nikita Mazepin from Haas; Italian pilot Antonio Giovinazzi from Alfa Romeo; Nicholas Latifi and Mr. Saturday George Russell, who we will watch as Lewis Hamilton’s teammate at Mercedes next season; They make $1 million a year from Williams. The lowest salary in Formula 1 is Japanese Yuki Tsunoda, who has problems with English and attracts attention with the messages he sends over the radio. Tsunoda earns $500,000 annually from the team.

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