How Much Money Does a Formula Driver Make? Those that follow the game frequently wonder about this. It varies from person to person and salary to salary. For comparison, Max Verstappen presently earns around $25 million, while AlphaTauri driver Yuki Tsunoda makes around $750 thousand. The old adage about how your experience could be different from mine holds true here. The average wage of an F1 driver remained relatively stable in 2022 compared to the previous year, 2020. But tell that to seven-time winner Lewis Hamilton, who took a USD$15 million pay cut this year compared to 2021. No doubt he is not grumbling about his current driver salary of USD$40 million, though. Lando Norris’ wage boost is as stunning as his driving ability. After re-signing with McLaren and seeing his salary skyrocket from $1.9 million to $20 million, he decided to extend his contract.

Money in Formula One

Formula One (F1) is already a very successful international sport because of its inherent sense of spectacle and the fact that it spans various countries and partnerships. Viewer interest, however, has never been higher than it is now because of a Netflix reality show called “Drive to Survive.” The series gives an inside look at the world of professional motorsport without focusing too much on the technical aspects in favor of gripping drama, interesting characters, and intense competitiveness. That’s why lesser-known drivers have become reality show stars and why champions like Lewis Hamilton and Max Verstappen have gained even more notoriety. Christian Horner, the imposing leader of the Red Bull racing team, is one of the many notable people highlighted in “Drive to Survive” (and husband to Spice Girl Geri Halliwell).

Most teams wouldn’t exist without the demanding billionaire investors who fund them, and this demand for attention is a constant source of compelling stories. How Much Money Does a Formula Driver Make? As a result, reports indicate that F1’s global audience has grown by nearly 50%. Even in the sport’s most important market, the United States, interest is at an all-time high. What this means for business is that Formula One is thriving right now. The uptick in business also means greater chances for all drivers. Max Verstappen’s pay, as spectacular as it may be, is just the tip of the iceberg when you consider the additional forms of compensation he receives, such as endorsement deals, investments, and various forms of free merchandise. This also applies to any of the sport’s most prominent figures.

F1 Drivers Earning the Most Money in 2022

Finally, we’ll be able to pay you what you deserve: an F1 driver’s salary. According to sporadic, here is the salary of every Formula 1 driver. Hamilton, Lewis (US$40 Million) Lewis Hamilton, the most famous driver in Formula One, continue to earn significantly more than his competitors. After a heated race with Max Verstappen in Abu Dhabi, he was robbed of his eighth championship triumph. One of the closest contests in the history of the sport, further establishing both competitors as elite performers. Date of birth: January 7, 1985, Location: Stevenage, United Kingdom Age: 37 Canadian Grand Prix in 2007 for the first time. As of the year 2021, the last time that happened was. GP of Saudi Arabia

Formula One driver Max Verstappen (US$25 Million).

Max Verstappen is a global icon because he became the first Dutchman to win an F1 world championship. It is anticipated that he will continue with Red Bull Racing until at least 2028, and his already hefty compensation will climb by around $5 million over the course of the next year. Date of birth: September 30, 1997; Place of Birth: Hasselt, Belgium; Age at Birth: 24 Grand Prix of Spain, 2016: First Victory The 2022 Grand Prix of Saudi Arabia was the driver’s most recent victory.

Alonso, Fernando (USD $20 Million).

In 2021, after taking a two-year break from F1, veteran driver Fernando Alonso returned to the sport and promptly earned a podium finish for the first time in seven years. When he drove for McLaren, he reputedly made up to US$33 million per year, and that didn’t include all of his endorsement deals. Alpine has extended his contract until the end of the year. The salary for Lando Norris has increased dramatically over the past year as the McLaren Formula One racing team has high hopes for him. He has just signed a contract deal that guarantees him a spot on the team until 2025It’s hardly shocking that Formula 1 is a lucrative industry.

Given the magnitude of the financial stakes at the highest levels, racing is mind-boggling, with the world’s leading automobile manufacturers fighting with enormous brand partnerships. As a result, pay for Formula One drivers are reflective of this fact. Only about twenty drivers have ever reached the pinnacle of motorsport, but those who have are universally regarded as the best ever. The driver is the one who ultimately determines the car’s success on the track, no matter how well-built it is mechanically. That’s why they’re able to command such high salaries. To what extent, though, do Formula One drivers actually get paid? Here, we’ll take a look at the estimated salaries of Formula One drivers, discuss the sources of their wealth, and name the sport’s all-time highest earners.


How much do Formula 1 drivers make, on average? We all know that stars like Lewis Hamilton and Max Verstappen earn astronomical salaries, but what about the rest of the grid? How Much Money Does a Formula Driver Make? Here is one example of a Formula 1 driver’s income and expenses. Money in Formula One is as unequally distributed as the time between the first and last vehicles on the grid; seven-time world champion Lewis Hamilton earns $40 million annually, while Yuki Tsunoda makes just $750 thousand at Scuderia AlphaTauri. Then, there are the players who generate revenue for the team while simultaneously receiving a salary, such as Lando Norris, Lance Stroll, and Nicholas Latifi. Drivers can make money outside of their team wages through things like personal sponsorships and podium finishes. Although Formula One drivers’ salaries are kept secret from the public, Spotrac estimates that Lewis Hamilton earns $40 million per year, with new World Champion Max Verstappen not far behind at $35 million.

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