The seven-time world champion recently made the shock announcement that he would be leaving the Mercedes team with whom he claimed six of his seven titles and 82 of his record 103 race victories.
While Hamilton's announcement has already provided a boost to Ferrari's share price, quite how much Hamilton himself will be on has been somewhat of a mystery, with various different numbers flying about.
However, La Gazzetta dello Sport are reporting that the 39-year-old will be on around $53.9 million in his first season with Ferrari, having previously been paid $55 million at Mercedes last season, in a year in which he was not able to claim a single race win.
That initial number with Ferrari will be expected to go up through various bonuses and other factors depending on Hamilton's performances with the Maranello-based outfit, but the base salary puts him below what Max Verstappen earned with Red Bull in 2023.
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