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<h1 class="text-text-2 mb-2 leading-8 text-xl lg:text-2xl lg:leading-9 font-bold">Formula 1 salary. It's no secret that there is plenty of money in Formula 1.</h1>
<span class="flex font-bold text-text-link text-xs mt-4"><span class="transition-colors duration-300 ease-out-quart cursor-pointer focus:outline-none text-text-link flex items-center">Formula 1 salary We bring you information, facts and news about F1 cars and the teams behind each car. When it comes to money, Formula 1 teams and bosses keep their cards close to their chest. S. Jan 22, 2025 · Beyond the big salaries of Formula 1’s highest-paid drivers are a host of numbers to know. His contract expires in 2028 but events could transpire to see this extended if all parties are willing. 000. Curious about how much money your favorite F1 drivers are making? Look no further than our comprehensive F1 driver salary table, which breaks down the earnings of each driver for the 2024 F1 season. A graduate engineer can expect to earn between £25,000 and £30,000 per year, while a junior engineer’s salary ranges from £45,000 to £65,000 annually. However, officially the campaign will kick off with the Australian Grand Prix on March 14-16, marking the first time since 2019. The figures are estimated basic salaries (USD) and do not account for performance bonuses or sponsorships. This article ranks the 20 drivers based on their 2025 salaries—from the least-paid newcomers to the reigning champion. See which top Formula 1 drivers earned the most while dominating on the track this season. 👉 Explained: Why most Formula 1 drivers choose to live in Dec 12, 2024 · The Formula 1 drivers with the biggest base salaries in the 2024 season have been named, including Lewis Hamilton & Max Verstappen. According to the specialized website Dec 5, 2024 · His clear superiority is also reflected in the salary he receives, the highest in Formula 1 at 55 million dollars per season, moreover in a recent article on the richest athletes by 2030 his name is the only one linked to the sport. CO, Jakarta - Introduced in 1950, Formula 1 has long been synonymous with speed, precision, and massive earnings for its elite drivers. Lewis Hamilton’s Formula 1 salary at Ferrari? The British driver earns $ 57 million as his salary at Ferrari. In the realm of F1, athletes’ paychecks comprise a combination of base salaries and performance-based bonuses. This is especially true for front-line race team positions, and in particular, the sensitive design, aerodynamics and engineering roles. Mar 3, 2023 · Not all Formula One drivers are compensated equally, with salaries ranging from about $1 million to an impressive $55 million. However, the top drivers’ salaries are over 20 times more, as evidenced by our ranking of the highest-paid F1 drivers in 2023, from least to most earnings. Formula 1 driver salaries often consist of a base salary and performance-based bonuses. High Performance: Max Verstappen, Lando Norris and Lewis Hamilton each made at least $35 million in salary and bonus this year, according to Forbes estimates. 1. However, there are some factors to keep in mind when it comes to this Feb 20, 2025 · A Formula One pit crew member’s salary depends on their role within the team and can widely vary. Formula One engineers are important to the success of Formula One teams as key players such as the drivers, the Dec 11, 2024 · Max Verstappen rules Formula 1 on the track and at the bank as the sport’s 10 top earners collected an estimated $317 million in salary and bonus this year. In 2025, F1 drivers earn not only substantial salaries from their teams but also generate millions through brand endorsements and personal business ventures. F1 prize money: How much do teams earn in Listing the top salaries, cap hits, cash, earnings, contracts, and bonuses, for all active FORMULA 1 players. g. Oct 28, 2024 · When it comes to 2024 F1 driver salaries, Formula 1 is home to some of the most well-paid athletes in the world. Ferrari and Williams are the only teams to feature both of their drivers in the top 10 earners. Dec 11, 2024 · Photo by Bryn Lennon – Formula 1/Formula 1 via Getty Images. Carlos Sainz - $19 million 💰💰 6. . The two most recent World Champions, Lewis Hamilton and Max Verstappen, are unsurprisingly the top earners on the grid. com contributor Caroline Reid of the data firm Formula Feb 4, 2024 · Top 10 Highest-Paid Formula One Drivers for 2025 Red Bull Racing’s Max Verstappen tops the list with a $65 million salary after his fourth straight World Championship title. Source: 2025 Formula 1 salaries were collected from RacingNews365 Feb 18, 2025 · With the 2025 Formula 1 season fast approaching, the F1 driver salaries 2025 reveal how much the sport’s biggest names earn, offering insight into just how much top drivers like Max Verstappen and Lewis Hamilton earn. com Feb 18, 2025 · The formula one driver salaries for 2025 have been revealed including Lewis Hamilton's expected earnings at Ferrari and how it compares to Max Verstappen. Five rookies are joining the Formula 1 grid this season, leading to a significant reduction in salary costs compared to 2024, when several high-profile and highly paid drivers lost their seats. Dec 14, 2024 · Lewis Hamilton is set to become Formula 1's highest paid driver in 2025 when he officially makes the move from Mercedes to Ferrari, but for now, the seven-time world champion has to settle for Aug 31, 2023 · How much do F1 engineers earn? The salaries in Formula 1 engineering vary widely depending on experience and role. Mar 6, 2025 · Formula 1 is as exhilarating as it is financially rewarding, with drivers’ salaries mirroring their skills, marketability, and contributions to their teams. As engineers gain more The salaries of F1 engineers typically surpass those of other motorsport engineers due to the high stakes, technological demands, and global prestige associated with Formula 1. That rounds out the top three highest-paid Formula 1 drivers, but what about the other 17? Verstappen, Hamilton and Leclerc are outliers to some extent when it comes to F1 earnings, while the rest of the field tends to be closer in pay, ranging from $2 to $20 million per year. Source: 2025 Formula 1 salaries were collected from RacingNews365 Full list of salaries, best-paid teams for 2025 Formula 1 season. GQ Australia has unveiled the full list of Formula 1 driver salaries for the year. Dec 19, 2022 · Most F1 drivers earn millions of dollars throughout the ever-expanding seasons, as they cross the globe to entertain millions of fans. Mar 11, 2025 · Formula 1 News: FIA president will not block rival Sainz’s bid May 27, 2025; Formula 1 Rumor: Thailand pushes hard to land F1 race (11th Update) May 27, 2025; Formula 1 News: Montreal fears losing F1 race to Thailand May 27, 2025; Formula 1 Rumor: Ferrari tried to poach Horner ‘a few weeks ago’ May 27, 2025 Jan 12, 2022 · Although the salaries of Formula One engineers may be considered average in comparison to the industry standard, the lifestyle of Formula One engineers should be the driving force behind choosing to become an engineer, not the salary. In Formula 1, engineers are at the forefront of technological advancements, constantly pushing boundaries to gain that extra fraction of a second on the track. Meanwhile, Lewis Hamilton earned 57 Dec 12, 2024 · Formula 1 driver salaries have been revealed this week, with Max Verstappen and Lando Norris enjoying spectacular financial rewards after their thrilling battle for the Drivers’ Championship. His contract pays him $55 million in base salary for 2024. In his debut year, 18-year-old Antonelli has a whopping salary of USD 2 million. More on Formula 1 drivers and their high-paying job. Lewis Hamilton signed a 2 year contract with the Ferrari. Lewis Hamilton has the highest wages, earning $35,000,000 per year. May 3, 2025 · Isack Hadjar (Racing Bulls) and Jack Doohan (Alpine) will both reportedly earn between $500k and $1 million in 2025. F1 is probably the most exclusive high-level May 18, 2025 · Max Verstappen retains his status as Formula 1's highest-earning driver, according to RacingNews365 estimates. Find out a detailed breakdown of the top 10 highest-paid F1 drivers and their salaries, including other sources of income such as bonuses and endorsement deals. From established champions to up-and-coming talents, the base salaries of Formula 1 drivers reflect their on-track success and commercial value to their teams. F1 drivers demand a sizeable salary due to the dangerous nature of their profession, remuneration Dec 12, 2024 · The surge in driver salaries can be traced back to Formula 1's soaring revenues, which reached $3. However, our data shows customer GT3, Endurance and WRC programs often offer competitive packages, particularly at senior levels. Mar 4, 2024 · How much are F1 drivers paid? Here are the salaries for every driver in 2024 Some familiar faces reportedly will make the most money among F1 drivers in 2024 Dec 21, 2024 · As per the official website of Formula One, the F1 season 2025 will maintain the same 24-race schedule, with 6 sprints. Jul 28, 2022 · This means that Formula 1 teams will always be hunting to find the best engineers on the planet. At the other end of the scale, Yuki Tsunoda and Logan Sargeant are F1's paupers in 2023, with both of them set to earn a comparatively paltry $1 million for their 2 days ago · Formula 1 is awash with drivers who have become the highest-paid athletes in the world. Jan 18, 2023 · Behind Verstappen, Lewis Hamilton's $35 million salary sees him surprisingly down in third place, with Ferrari having recently increased Charles Leclerc's salary to $36 million. It’s proving to be quite the value contract, with the 24-year-old enjoying a phenomenal year. Contract until: At least the end of 2026; Yearly salary: £8m (rising to £9. Nov 30, 2023 · With few Formula 1 driver salaries publicly available, Forbes generated its on-track compensation estimates in collaboration with Forbes. In 2025, Hamilton will earn a base salary of $60,000,000, while carrying a cap hit of $60,000,000. May 3, 2025 · Formula 1 Driver salaries in 2025. But due to Italian driving laws, Antonelli cannot drive it on the road, yet. Mar 11, 2025 · Note: The above salaries are via RacingNews365. Average salary figures and bonus estimates for each Formula One pit crew member: 3 days ago · Formula 1 stands out as one of the most glamorous sports globally. Sep 10, 2024 · Lando Norris already had one of the highest salaries in Formula 1 coming into the season. As with anything else, if you’re the best in your field, you’re going to be paid incredibly well. Despite recent talk of driver salary caps, Formula One has yet to Aug 29, 2023 · All 20 Formula 1 drivers make at least one million annually. Logan Sargeant – $1. Formula 1 driver salaries are often broken down into a Dec 11, 2024 · Forbes ranks the highest-paid F1 drivers of 2024. Jan 25, 2024 · From base pay to bonuses, the financial stakes in Formula 1 are incredibly high. Formula 1 drivers are among the highest-paid athletes in the world, and here’s a look at the driver salaries for the 2024 grid. 2. In 2025, F1 drivers are earning large amounts of money, not just from their salaries paid by racing teams but also from brand deals and their own business project. Story by Joshua Mayne • 1w. 2 billion in 2023, marking a 25% increase from the prior year as reported by Liberty Media. In this article, we rank the 20 drivers based on their earnings in 2024, starting with the least paid rookies up to the current champion of the sport. Recent reports suggest that Max Verstappen is currently the highest earner in F1, with his contract set to earn him a jaw-dropping $65 million in 2025 Apr 23, 2025 · Max Verstappen was the highest-paid Formula One driver in 2024, earning 15 million U. Listing the top salaries, cap hits, cash, earnings, contracts, and bonuses, for all active FORMULA 1 players. 000 Mar 10, 2024 · In this section, readers can find concise answers to common questions regarding the salaries of Formula 1 engineers, offering a clear understanding of compensation within this high-performance industry. Verstappen hit the jackpot in Las Vegas as he secured his fourth Drivers’ Championship in a row, fending off a mid to late-season charge from McLaren driver Lando Norris. These estimates provide a base salary only - they do not include bonuses for race Dec 11, 2024 · Formula 1 positions command the highest salaries - typically 30-40% above equivalent roles in other series. Here’s how all the salaries stack up for 2023. The new terms even increased the Frenchman’s wage to £8m a year plus £1 Mar 11, 2025 · 💰 Kimi Antonelli - Mercedes - $2m 💰 Oscar Piastri - McLaren - $6m 💰 Carlos Sainz - Williams - $10m 💰 Fernando Alonso - Aston Martin - $20m Apr 23, 2025 · The 2025 F1 season is already packed with action — and the paychecks are just as spectacular. Mar 11, 2025 · Prominent business magazine Forbes listed Max Verstappen as the highest-paid driver in Formula 1 last year, combining a $60m base salary with $15m in bonuses. Pre-season testing of F1 2025 will take place in Bahrain from February 26-28. But how much are F1 drivers earning in 2023? Full list of salaries, best-paid teams for 2023 Formula 1 season. His expensive assets include a Mercedes-AMG GT 63 S that he was gifted by his Formula 1 team. See full list on manofmany. Aug 20, 2024 · Formula 1 drivers are some of the highest-paid athletes in the world, and here is a look at the reported driver salaries of the 2024 grid. 1 day ago · Formula 1 is considered one of the most luxurious and high-profile sports in the world. Apr 10, 2025 · Source: Salary data above based on Forbes reports, publicly disclosed figures; plus “consultation with various sources within the Formula 1 paddock and across teams”/paddock gossip (via RacingNews365 & PlanetF1). Here’s a look at the richest Formula 1 drivers in 2025 based on their estimated net worth. Behind Hamilton, Verstappen is the second Dec 15, 2023 · F1 Cars On this page we have collected all articles about Formula 1 cars. (Without bonusses). 5m) Alpine gave Pierre Gasly a new contract in June 2024 that locked him in through at least the end of the 2026 Formula 1 season. Nov 16, 2023 · Max Verstappen is a three-time Formula One champion and the highest paid driver on the grid. Fellow rookies Liam Lawson (Racing Bulls) and Oliver Bearman (Haas) Formula 1 Driver & Team Salaries for 2025: The 20 drivers on the 2020 F1 grid earn over £189 million combined. May 9, 2025 · 1. Mar 19, 2025 · Formula 1 Driver Salaries in 2025. F1 pit crew members can earn anywhere from $30,000 to $1,000,000. Dec 18, 2024 · The world of Formula 1 is as thrilling as it is lucrative, with drivers’ salaries reflecting their skills, marketing, and contributions to their teams. Feb 9, 2025 · The four-time World Champion Max Verstappen and Ferrari’s Lewis Hamilton are amongst the highest-paid drivers in Formula 1, but who tops the list?. 2024 Formula 1 Driver Salaries. How much does Max Verstappen earn as salary? The four-time F1 world champion Max Verstappen earns $ 75 million a year as a salary and is the highest-paid driver on the grid. Formula 1 engineers’ salaries average between $40,000 and $80,000 per year. What is the average salary for an F1 engineer? The average salary for a Formula 1 engineer typically ranges between $40,000 and $80,000 annually. dollars. Dec 12, 2024 · His Ferrari base salary of $15m was supplemented with a reported $12m in bonuses. While F1 is the pinnacle of motorsport, it is also a business. Formula 1’s ten highest-paid drivers are on pace to earn a combined $211 million on the track this Dec 26, 2024 · TEMPO. Feb 4, 2025 · The 2025 Formula 1 season is just around the corner, and fans are not only excited about the competition but also about the recently revealed driver salaries. Oliver Bearman – $1,000,000 Feb 28, 2024 · Below is a list of driver salaries for the 2024 Formula 1 season, in US dollars. You can therefore learn everything about the engines, various parts or e. While these figures only reflect base salaries – excluding performance bonuses and personal sponsorship deals – they Mar 13, 2025 · Estimated Formula 1 driver salaries for 2025 Why it’s difficult to estimate F1 driver salaries. In 2023, his base salary was $45 Mar 23, 2023 · There is no hiding that Formula 1 is a sport full of money. Ferrari's Lewis Hamilton is the richest formula 1 day ago · In 2025, the highest-paid Formula 1 driver is Max Verstappen, who earns $65 million per year while racing for Red Bull Racing. How much does Max Verstappen earn in Formula 1 and what is Lewis Hamilton's salary at Ferrari? The quadruple world champion and the seven-time one earn tens of millions of dollars a year, and top the highest-paid drivers list of 2025. 💰 9. what F1 car tires cost. dollars in bonuses on top of a salary of 60 million U. Oct 15, 2024 · Motorsport organisations, particularly in Formula 1, tend to choose not to disclose salary information when they’re hiring. Although the 2025 season has yet to begin, we have analyzed and compared all available sources to provide the most accurate salary estimates. Jun 25, 2024 · Max Verstappen is the highest-paid driver on the Formula 1 grid, according to data from Spotrac. When we look at F1 drivers' salaries in 2024 Sep 21, 2024 · Every Formula 1 driver's salary has been revealed which shows a huge disparity between teammates as Lewis Hamilton and Max Verstappen lead the way. Apr 10, 2025 · How does the salary as a F1 Engineer at Formula 1 compare with the base salary range for this job? The average salary for a F1 Engineer is $119,355 per year (estimate) in United States , which is 32% higher than the average Formula 1 salary of $89,916 per year (estimate) for this job. 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