How a lot do F1 drivers earn? Exploring driver salaries for 2023 season

F1 drivers are a few of the most proficient athletes on the planet. They drive arguably the quickest vehicles on the planet and race one another all year long. Therefore, it’s protected to say that they earn a wholesome quantity as effectively. Many F1 followers is likely to be curious to know precisely how a lot cash these racing drivers financial institution annually.

It’s straightforward to guess that drivers like Max Verstappen, Lewis Hamilton, Charles Leclerc, and others from high groups earn probably the most on the grid. Nevertheless, when the salaries of all of the drivers are revealed, individuals is likely to be stunned to see some drivers incomes far more than anticipated, and vice versa.

Right here is the whole desk of all of the drivers, their groups, the wage they earn annually, and their present contract size. All of the figures listed under are solely estimates.

Driver Group Wage ($ million) Contract size
Max Verstappen Purple Bull 55 2028
Charles Leclerc Ferrari 36 2024
Lewis Hamilton Mercedes 35 2023
Lando Norris McLaren 20 2025
Sergio Perez Purple Bull 10 2024
Carlos Sainz Ferrari 10 2024
Valtteri Bottas Alfa Romeo 10 2025
George Russell Mercedes 8 2023
Esteban Ocon Alpine 6 2024+
Fernando Alonso Aston Martin 5 2024+
Pierre Gasly Alpine 5 2024+
Kevin Magnussen Haas 5 2023
Alex Albon Williams 3 2024+
Lance Stroll Aston Martin 2 Open
Nico Hulkenberg Haas 2 2024
Nyck de Vries AlphaTauri 2 2023+
Zhou Guanyu Alfa Romeo 2 2023
Oscar Piastri McLaren 2 2024+
Yuki Tsunoda AlphaTauri 1 2023+
Logan Sargeant Williams 1 2023+

Max Verstappen is the most important earner on the F1 grid. Purple Bull renewed the Dutchman’s contract in March 2022 for a whopping $55 million per yr. It’s a long-term contract that can finish in 2028.

Subsequent comes Lewis Hamilton, who earns round $36 million per yr as of now. Nevertheless, there have been talks about his contract renewal, the place Mercedes may enhance his wage and add a particular bonus if he wins one more world championship.

In fact, newcomers like Oscar Piastri, Logan Sargeant, Nyck de Vries, and returnee Nico Hulkenberg earn far lower than different established drivers on the grid.


FIA president declares a number of race administrators for F1

FIA president Mohammed Ben Sulayem lately declared that F1 will as soon as once more depend on a number of race administrators for the 2023 F1 season. He believes that the game is just too large to be dealt with by a person. Talking at a media briefing on the Dakar Rally, Ben Sulayem stated:

“There’s a course of now and I’ve a workforce who’s going by a correct course of and coaching for stewarding, and for race administrators. You can not simply have one race director and depend on them. I see that we must always put together the second function. We can’t rely within the largest self-discipline that we’ve, or every other self-discipline.”

Perhaps F1 Race Administrators ought to simply discuss to the media after each race identical to drivers? 🤔

He additionally inspired a coaching course of by which the FIA would discover new race administrators and stewards. Ben Sulayem’s workforce is reaching out to numerous ASNs (Autorité Sportive Nationale – Nationwide Sporting Authority), asking them to ship junior race administrators and stewards in order that they are often skilled to oversee greater racing sequence sooner or later. He stated:

“I’m an enormous believer that there’s, someplace on the planet, higher race administrators than anybody, higher stewards. Now we’re reaching to the ASNs and we’re asking them to ship us individuals for the coaching, and we’ve a correct workforce now for the coaching. You’re going to get good [officials]. I promise this.”

After a controversial 2021 F1 season, the place Michael Masi made some questionable selections throughout races, the FIA needs at the least two race administrators to share the load of supervising the game.

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