This marks the second consecutive season that Verstappen has been the highest earner in F1 and he is due to earn even more in 2024 as the start of his lucrative five-year extension with Red Bull begins.
Interestingly, Hamilton was the only driver in the top ten to not receive any bonuses this year, likely due to his two-year winless streak and Mercedes’ failure to win a race for the first time in over a decade.
Verstappen's team-mate, Sergio Perez, received a whopping $16 million (£12.6 m) in bonuses for helping Red Bull to a second straight constructors’ crown, taking his earnings to $26 million (£20.5 m) for the year and fourth in the Forbes standings.
The only non-Red Bull driver to take a race victory this year, Carlos Sainz, finished the year with $14 million (£11 m) in earnings to go with his seventh-place finish in the drivers' championship.
After a successful season, both McLaren drivers made it onto the list, with Lando Norris accumulating $15 million (£11.8 m) in sixth and Oscar Piastri joint-ninth with $8 million (£6.3 m).
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