The Top Five F1 Drivers With The Highest Salaries: F1 is generally regarded as one of the world’s most elite sports. F1 is an expensive event, with pricey vehicles, luxurious motorhomes, and cutting-edge technology that goes into building race cars.
One of the most critical financial expenses of F1 teams is the payment paid to its star drivers, as without them, all of their efforts in the factory are futile. The driver is more than just a title candidate for the team; they represent the team to the rest of the world, and keeping their brand ambassadors happy allows them better to represent the team to the rest of the globe. According to reports, let’s look at the highest-paid drivers in the 2023 garage.
The Top Five F1 Drivers With The Highest Salaries In 2023
5. Carlos Sainz (Ferrari) – $12 million
Carlos Sainz Jr of Spain is ranked fifth on this list of the highest-paid F1 drivers. Sainz, a former McLaren driver, joined Ferrari in 2020. He is paid a salary of $12 million every year.
4. Lando Norris (McLaren) -$20 million
Lando Norris, a British driver, is the youngest driver on this list of top 5 highest-paid F1 drivers. He started racing in 2019, and in that time, he displayed remarkable skill, making him one of the most brilliant young drivers in the “new generation”. Norris’ yearly compensation is $20 million, with bonuses for race victories and podium places in the Grand Prix.
3. Charles Leclerc (Ferrari) – $24 million
In 2019, Charles Leclerc signed a multi-year contract with Scuderia Ferrari. According to rumors, Leclerc will drive for the Scuderia until the end of 2024, per the terms of his contract. The Monegasque receives a $24 million yearly pay, including all race incentives for podium finishes in Grand Prix races.
2. Lewis Hamilton (Mercedes) – $35 million
Lewis Hamilton, a British racer, is one of the most successful F1 drivers in the sport’s history. He is frequently named one of the world’s top 5 highest-paid athletes. Lewis Hamilton is paid a yearly salary of $35 million by Mercedes AMG Petronas, with additional bonuses for each race win.
1. Max Verstappen (Red Bull) $55 million
In 2021, Max Verstappen achieved the impossible by defeating Lewis Hamilton in a nail-biting season in which the Championship battle lasted to the final race of the year in Abu Dhabi. He won the championship again in 2022, this time defeating opponent Charles Leclerc. The Dutchman has a multi-year contract with Red Bull and earns $55 million each year.