Have you ever wondered how much F1 drivers make? LWOS will give you a glimpse into the salaries of the grid in 2022.
Formula One drivers are reputed to earn a huge amount of money annually, but how much do they actually make? While exact figures are not made known to the public, the majority of the grid earns at least one million dollars per year, with nearly half the field making ten million dollars more. Here is a look at the top five salaries in F1, plus a rundown of the full grid.
Highest-paid drivers – Top 5
5) Sebastian Vettel (Aston Martin) – $15m
F1 legend Sebastian Vettel picks up $15 million a year driving for Aston Martin. The German recently announced his retirement from Formula 1, leaving the sport with four world titles, 53 wins, 57 pole positions, and 122 podium finishes.
4) Fernando Alonso (Alpine) – $20m
Two-time world champion Fernando Alonso comes in fourth, earning $20 million a year. The 41-year-old is set to join Aston Martin on a multi-year deal from 2023, replacing the retiring Sebastian Vettel.
3) Lando Norris (McLaren) – $20m
Britain’s rising star Lando Norris climbed to third in the list of top-paid drivers with $20 million a year after signing a new McLaren deal that will keep him with the team until the end of 2025.
2) Max Verstappen (Red Bull) – $25m
The current championship leader, Max Verstappen, earns $25 million a year at Red Bull. After winning his first world title last season, the Dutchman was rewarded with an enormous new deal through 2028 rumored to be worth $55 million per year – a greater average pay than Hamilton. However, without that confirmed he slots in second at the moment.
1) Lewis Hamilton (Mercedes) – $40m
As many of you may have expected, seven-time world champion Lewis Hamilton is the highest-paid driver on the grid. The Mercedes driver is estimated to make $40 million a year, landing him on Forbes’ list of the highest-earning athletes for 2022. On July 2021, the Brit inked a two-year contract extension with Mercedes until the end of 2023.
How much do the rest of the drivers make? Let’s find out:
|Driver||Team||Age||Country||Salary (USD $)|
|Lewis Hamilton||Mercedes||37||United Kingdom||$40m|
|Max Verstappen||Red Bull||24||Netherlands||$25m|
|Lando Norris||McLaren||22||United Kingdom||$20m|
|Sebastian Vettel||Aston Martin||35||Germany||$15m|
|Valtteri Bottas||Alfa Romeo||32||Finland||$10m|
|Lance Stroll||Aston Martin||23||Canada||$10m|
|Carlos Sainz Jr.||Ferrari||27||Spain||$10m|
|Sergio Perez||Red Bull||32||Mexico||$8m|
|George Russell||Mercedes||24||United Kingdom||$5m|
|Zhou Guanyu||Alfa Romeo||23||China||$1m|
Data collected from Spotrac.
Who is the highest-paid F1 driver of all time?
The F1 titan Michael Schumacher is not just the highest-paid F1 driver in history, but also one of the highest-paid sportsmen ever. He was named one of Forbes’ list of the highest-paid athletes of all time in 2017, placing fifth with a staggering $1 billion.