How a lot cash does each F1 driver earn?

It’s no shock that Lewis Hamilton stays F1’s high earner, having penned a two-year take care of Mercedes final July that runs till the top of 2023. 

Regardless of reviews suggesting he had taken a pay minimize, the BBC reported that the seven-time world champion’s wage is again to pre-Covid ranges, incomes him £40m a 12 months earlier than his many endorsements are taken under consideration. 

Earlier this 12 months, Max Verstappen signalled his dedication to Pink Bull by signing the longest F1 deal on the grid, a five-year contract extension reportedly price as a lot as £40m a season. 

The Dutchman was rewarded for successful the 2021 F1 title with what is without doubt one of the most profitable contracts in F1 historical past. The deal will hold Verstappen at Pink Bull till the top of 2028.

It places Verstappen, 24, in the identical ballpark because the wage earned by Hamilton. 

In a bid to keep at bay curiosity from F1 rivals Mercedes, Pink Bull and Ferrari, McLaren tied Lando Norris all the way down to a brand new bumper, long-term deal in February. 

Simply 9 months after his final extension, Norris agreed one other recent contract that can reportedly see him earn £20m a 12 months over the course of 4 years. 

The 22-year-old rising British famous person, thought to be one of many hottest abilities in F1, is now set to remain in Woking till the top of 2025. 

Fernando Alonso stays one of many highest-paid drivers in F1, with Spanish newspaper Marca reporting the two-time world champion’s wage is roughly £15m ($18-20m) a 12 months as a part of his present contract. 

The 41-year-old will swap to Aston Martin on a multi-year deal on the finish of 2022.

4-time world champion Sebastian Vettel was incomes a fortune – regarded as £32m a 12 months – throughout his time at Ferrari and was ranked 18th on the Forbes listing of highest-paid athletes in 2017. 

However the German took a major pay minimize to remain in F1 and be part of Aston Martin. Vettel is known to be incomes £12.2m ($15m) a 12 months, excluding bonuses and sponsorship offers. He’ll retire on the finish of 2022.

Like Vettel, Daniel Ricciardo additionally took a pay minimize when he left Renault after simply two years to affix McLaren for the 2021 F1 season. 

The Australian’s present deal is known to run till the top of 2023 and sees him earn lower than his youthful teammate Norris, although he nonetheless sits within the higher tier of F1 salaries. 

Present F1 world championship chief Charles Leclerc is subsequent up on the listing, incomes £9.8m ($12m) a 12 months at Ferrari. 

The Monegasque was handed a brand new five-year contract with the Italian outfit following a formidable first season at Maranello after changing Kimi Raikkonen in 2019 and comfortably beating then-teammate Vettel.  

Forward of the Emilia Romagna Grand Prix in April, it was introduced that Carlos Sainz had signed a brand new contract with Ferrari till the top of 2024 as reward for a powerful first season on the staff and forming a highly-rated partnership with Leclerc. 

The 27-year-old now holds a contract so long as that of his teammate. In keeping with Italian newspaper Corriere dello Sport, Sainz’s new deal places him into the identical pay bracket as Leclerc. 

After successful the F1 Monaco Grand Prix, Pink Bull introduced that Perez had signed a brand new two-year deal price £8.6m per season, based on Sportune.fr.

Regardless of switching from Mercedes to Alfa Romeo, Valtteri Bottas will earn the identical cash as he did final 12 months. The Finn sealed a multi-year take care of the Swiss staff that reportedly features a wage price £8.1m ($10m) a 12 months. 

Lance Stroll (Aston Martin) – £8.1m **

Lance Stroll’s contract is believed to run till the top of 2022 however the Canadian’s seat is fairly secure given his father Lawrence is accountable for Aston Martin. Stroll’s earnings put him inside the highest 10 drivers on the grid. 

F1’s comeback star, Kevin Magnussen, is believed to earn £5m in his multi-year take care of Haas. The Dane solely signed for the American outfit on the eve of the 2022 season after Haas terminated Nikita Mazepin’s contract following Russia’s invasion of Ukraine. 

F1’s latest grand prix winner Esteban Ocon is reportedly on a £4.1m ($5m) a 12 months wage at Alpine, having signed a brand new deal to stick with the Anglo-French operation till 2024 final 12 months. 

Fellow race-winner and Frenchman Pierre Gasly additionally earns the identical quantity at AlphaTauri. Gasly has dedicated to the staff for 2023.

George Russell is believed to have a contract with Mercedes that mirrors teammate Hamilton’s when it comes to size, and the 24-year-old is assumed to take residence 5 million a season, a major improve in comparison with what he earned at Williams. 

Alex Albon (Williams) £1.6m *

New Williams recruit Alex Albon is subsequent up on the listing, with the Anglo-Thai pocketing a seven-figure wage upon his return to the F1 grid this 12 months. 

Nicholas Latifi is among the many lowest-paid drivers on the grid, with the Canadian regarded as on a wage of $1m, matching that of F1 rookie Guanyu Zhou and Haas driver Mick Schumacher. 

Guanyu Zhou (Alfa Romeo) £816,000 *

It’s no shock to see Zhou that includes in direction of the underside of this listing contemplating he’s F1’s latest driver, having earned commencement from F2 to turn into teammates with Bottas at Alfa Romeo this 12 months. 

Mick Schumacher (Haas) £816,000 *

The son of legendary seven-time F1 world champion Michael Schumacher has the same wage to his fellow drivers in the back of the grid. The German is a part of Ferrari’s junior programme and will but emulate his father by driving for F1’s most well-known staff sooner or later. 

Yuki Tsunoda (AlphaTauri) £615,000 *

On the bottom-end of the listing is AlphaTauri’s Yuki Tsunoda. The 22-year-old Japanese racer, now in his sophomore F1 marketing campaign, is believed to earn simply in need of a million a 12 months. 

* Figures based on Spotrac 

** Figures based on RacingNews365.com

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