Welcome to GPFans


  • NL
  • GB
  • FR
  • ES-MX
  • GB
F1 Driver Salaries: Verstappen and Lewis Hamilton lead the way
Wolff reveals Mercedes 'onion peeling' as Ricciardo Red Bull chance addressed - GPFans F1 Recap
Leclerc vow after Ferrari year riddled with "too many mistakes"
Ricciardo reveals Piastri sympathy despite 'F1 career going t**s up'
Alpine outline "next level" expectations for Gasly
Has F1's budget cap prevented mass exodus?
McLaren back call for red-flag qualifying punishments
Aston Martin end 2026 power unit plans
Horner delivers verdict on Ricciardo Red Bull race return
Mercedes W13 autopsy like 'peeling an onion' - Wolff
Hamilton responds to "hilarious" Red Bull drama as F1 faces calendar reshuffle - GPFans F1 Recap
F1 LIVE - Chadwick US switch championed by sporting royalty
Aston Martin highlight common ground between Vettel and Alonso
Hamilton in "Kardashian show" jibe at Red Bull "mess"
Schumacher counters Haas axe verdict
F1 Driver Salaries: Verstappen and Lewis Hamilton lead the way

F1 Driver Salaries: Verstappen and Lewis Hamilton lead the way

F1 News

F1 Driver Salaries: Verstappen and Lewis Hamilton lead the way

F1 Driver Salaries: Verstappen and Lewis Hamilton lead the way

F1 is now in the budget cap era, which means money to develop cars is tighter, but that doesn’t impact driver salaries in 2022.

The contracts teams give their drivers is exempt from the cap, meaning those at the front of the grid will remain some of the highest-paid sports stars around.

But just how much does each driver earn in 2022? Let’s take a look.

Salary for every F1 driver in 2022

Earlier in 2022 Max Verstappen penned one of the most lucrative deals for a driver in F1 history and he is now financially rubbing shoulders with rival Lewis Hamilton.

The reigning F1 champion signed a five-year extension to an already existing agreement, which now sees him tied to Red Bull through to the end of 2028.

Verstappen’s contract is reportedly worth £33m per year, meaning the 24-year-old will earn a total of £231m 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 £31m per year.

Other reports have F1's leading duo now on a par with one another at £31m apiece.

What is clear, however, is Verstappen and Hamilton are comfortably the two highest-paid drivers in F1, dwarfing the £16m figure collected by Alpine's Fernando Alonso. Reports by the way suggest the Spaniard will earn $15million annually when he replaces Sebastian Vettel at Aston Martin in 2023.

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

Max VerstappenRed Bull£33m [$43m]
Lewis HamiltonMercedes£31m [$40m]
Fernando AlonsoAlpine£16m[$18m]
Charles LeclercFerrari£13m [$16.5m)
Sebastian VettelAston Martin£13m [$16.5m]
Daniel RicciardoMcLaren£12.5m [$15m]
Lando NorrisMcLaren£10m [$12m]
Carlos SainzFerrari£7m [$8.5m]
Lance StrollAston Martin£7m [$8.5m]
Sergio PerezRed Bull£6.7m [$8m]
Valtteri BottasAlfa Romeo£5.8m [$7m]
Kevin MagnussenHaas£5m [$6m]
George RussellMercedes£4m [$5m]
Pierre GaslyAlpha Tauri£4m [$5m]
Esteban OconAlpine£3m [$4.2m]
Alex AlbonWilliams£625k [$750k]
Mick SchumacherHaas£580k [$700k)
Nicholas LatifiWilliams£425k [$550k]
Guanyu ZhouAlfa Romeo£425k [$550k]
Yuki TsunodaAlpha Tauri£400k [$500k]

Does the F1 budget cap affect driver salaries?

As mentioned, driver salaries are kept separate from the budget cap.

Indeed the salaries of the three highest-paid employees are exempt, which in virtually all cases will include the team principals as well.

Other items which are kept exempt include marketing costs and utility bills incurred by the teams.

Ontdek het op Google Play