There is a lot of money involved in the world of Formula 1. Not only on the circuit, the event or the car, but also on the drivers. Are you curious how much money actually goes to the drivers, then read on!
How much does an F1 driver earn?
The differences between the drivers and their salary is quite large. When you just start racing in F1 you start low, the more you win the more you can earn. It also has to do with your team and how they stand in it. For example, Max Verstappen will earn around USD 55 million in 2023, but Yuki Tsunoda will only earn USD 1 million in 2023. In the table below you can see how much an F1 driver earns in a year with the team.
Salary drivers 2023
| Driver | Team | Salary in million dollars |
|---|---|---|
| Verstappen | Red Bull | 55 |
| Hamilton | Mercedes | 35 |
| Leclerc | Ferrari | 24 |
| Norris | McLaren | 20 |
| Sainz | Ferrari | 12 |
| Perez | Red Bull | 10 |
| Bottas | Alfa Romeo | 10 |
| Russell | Mercedes | 8 |
| Ocon | Alpine | 6 |
| Alonso | Aston Martin | 5 |
| Gasly | Alpine | 5 |
| Magnussen | Hare | 5 |
| Albon | Williams | 3 |
| Stroll | Aston Martin | 3 |
| DeVries | AlphaTauri | 2 |
| Hulkenberg | Hare | 2 |
| zhou | Alfa Romeo | 2 |
| Piastri | McLaren | 2 |
| Tsunoda | AlphaTauri | 1 |
| Sergeant | Williams | 1 |
Extras on top of the salary
As you have seen in the table above, the difference between the salaries is very large. The salaries are only from the team they drive for. In addition, they receive extra bonuses or premiums. Are you curious how this prize money is divided? All drivers also have sponsors from whom they receive extra money on top of their salary. In addition, they make their own investments, advertisements and sales of their own merchandise.
Side jobs as an F1 driver
You would think that being an F1 driver is a full-time job, yet the drivers have extra time on their hands. For example, Lando Norris has a group of friends with whom he makes YouTube videos. In this they do challenges, games, and often go live. Max Verstappen has his own merch shop called “Verstappen”, where he sells all kinds of products with his logo. Charles Leclerc is also involved in fashion, he likes to design clothes himself and is busy with his own clothing line. There are many more drivers with a side job or hobby besides racing.
Now you are completely up to date on how much an F1 driver earns and what all this entails. Are you a real fan of F1 and especially of Verstappen? Check out our post about what Max Verstappen earns.