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F1 driver salaries 2022 - how does Verstappen's new Red Bull deal compare?

F1 driver salaries 2022 - how does Verstappen's new Red Bull deal compare?

F1 News

F1 driver salaries 2022 - how does Verstappen's new Red Bull deal compare?

F1 driver salaries 2022 - how does Verstappen's new Red Bull deal compare?
GPFans Staff

Max Verstappen recently penned one of the most lucrative deals for a driver in F1 history and is now financially rubbing shoulders with rival Lewis Hamilton.

The reigning F1 champion signed a five-year extension to an already existing agreement that sees him signed up with Red Bull through to the end of 2028.

The new contract is reportedly worth €40million [£33m; $43.3m] per annum, meaning the 24-year-old will earn a total of €280m over the next seven years.

The figure is believed to have pushed Verstappen narrowly ahead of Hamilton whose most recent F1 contract with Mercedes signed in early July last year is understood to be worth $40m [£30.4m; €36.9m] per year.

Other reports have F1's leading duo now on a par with one another at $40m apiece.

What is clear, however, is Verstappen and Hamilton are comfortably the two highest-paid drivers in F1, dwarfing the $18m figure collected by Alpine's Fernando Alonso.

Lando Norris also recently signed a new long-term contract with McLaren, pushing the Briton close to parity with team-mate Daniel Ricciardo.

The rest:

4= Charles Leclerc, Ferrari - £12.55m [$16.5m) 4=. Sebastian Vettel, Aston Martin - £12.55m [$16.5m] 6. Daniel Ricciardo, McLaren - £11.4m [$15m] 7. Lando Norris, McLaren - £9.12 [$12m] 8. Carlos Sainz, Ferrari - £6.46m [$8.5m] 9. Lance Stroll, Aston Martin - £6.46m [$8.5m] 10. Sergio Perez, Red Bull - £6.08m [$8m] 11. Valtteri Bottas, Alfa Romeo- £5.31m [$7m] 12=. George Russell, Mercedes - £3.79m [$5m] 12=. Pierre Gasly, Alpha Tauri - £3.79m [$5m] 14. Esteban Ocon, Alpine - £3.19m [$4.2m] 15. Alex Albon, Williams - £569k [$750k] 16. Mick Schumacher, Haas - £531k [$700k) 17. Nicholas Latifi, Williams - £417k [$550k] 18. Guanya Zhou, Alfa Romeo - £417k -[$550k] 19. Yuki Tsunoda, Alpha Tauri - £380k [$500k]

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