F1 driver salaries: Lewis Hamilton tops list with £33m-a-year with Max Verstappen closing in on Brit racing icon

Sport


SEVEN-TIME Formula One world champion Lewis Hamilton is the highest paid driver on the grid, followed by Max Verstappen.

The Brit, 37, dominated the grid for six of the last eight seasons while driving for Mercedes.

Hamilton is still the highest paid driver on the grid
Hamilton is still the highest paid driver on the grid

Hamilton became a global superstar in the process, and that comes at a price.

However, there’s a new superstar on the block in Verstappen, who is closing in on Hamilton.

The Dutchman won his first F1 world championship last season, denying Hamilton a record breaking eighth world title on the final race.

Verstappen is also leading the championship this season and looks on course to win back-to-back titles.

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SunSport takes a look at how much F1 drivers are paid, as per research from spotrac.

Lewis Hamilton — £33m

Hamilton is still F1’s biggest star and he is paid as such.

The Merc driver is paid £33million-a-year, making him the highest paid driver on the grid.

However, this season results haven’t gone Hamilton’s way and he is yet to record a win.

Hamilton is yet to record a win this season

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Hamilton is yet to record a win this seasonCredit: Rex

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Max Verstappen — £20.6m

Current F1 world champion Verstappen picks up £20.6m-a-year.

And if you’ve been watching F1, especially over the last two seasons, the Dutchman could definitely command a higher wage packet.

Verstappen’s consistency is frightening. He has won eight of the 13 races so far this season and is on course to win a second world championship.

Verstappen leads the drivers championship

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Verstappen leads the drivers championshipCredit: Rex

Fernando Alonso — £16.5m

Two-time world champion Fernando Alonso comes in at third.

The Alpine driver is paid £16.5m-a-year.

Alonso finds himself tenth in the driver standings this season.

The Spaniard is moving to Aston Martin next season to replace the retiring Sebastian Vettel.

Alonso will move to Aston Martin next season

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Alonso will move to Aston Martin next seasonCredit: Getty

Lando Norris — £16.5m

Lando Norris is one of the most popular drivers on the grid.

The McLaren ace is paid £16.5-a-year, however, he is yet to return an F1 win.

Norris is sitting seventh in the driver standings, one place below Hamilton.

Norris is yet to win a race in F1

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Norris is yet to win a race in F1Credit: AFP

Sebastian Vettel — £12.3m

Four-time F1 world champion Vettel will be retiring at the end of this season.

That means the £12.3m-a-year he picks up driving for Aston Martin will be his last.

Vettel is retiring from F1 at the end of the season

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Vettel is retiring from F1 at the end of the seasonCredit: Splash

Daniel Ricciardo — £12.3m

Daniel Ricciardo’s move to McLaren didn’t go to plan.

The Aussie struggled to perform and could be on his way out of the team at the end of this season.

Ricciardo, who is paid £12.3m, wants a lump sum to walk away.

Ricciardo could be on his way out of McLaren

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Ricciardo could be on his way out of McLarenCredit: Splash

Charles Leclerc — £9.9m

Ferrari fork out £9.9m-a-year to have Charles Leclerc drive their gorgeous red car.

The Monegasque national is second in the driver championship and started off the season with a substantial lead.

There’s still enough races for Ferrari and Leclerc to iron out their inconsistencies and clinch a world championship.

Leclerc is second in the race for the world title

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Leclerc is second in the race for the world titleCredit: Rex

Valtteri Bottas — £8.2m

Ex-Merc driver Valtteri Bottas chose to drive for Alfa Romeo.

The Finn is paid £8.2m and at times this season went toe-to-toe with his former team and team-mate Hamilton.

Bottas races for Alfa Romeo following his exit from Merc

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Bottas races for Alfa Romeo following his exit from MercCredit: Rex

Lance Stroll — £8.2m

Aston Martin’s Lance Stroll is paid a large amount despite sitting 18th in the driver standings.

Stroll earns £8.2m-a-year.

Stroll is 18th but is paid £8.2m-a-year

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Stroll is 18th but is paid £8.2m-a-yearCredit: Rex

Carlos Sainz Jr — £8.2m

Ferrari’s Carlos Sainz earned his first F1 win this season at Silverstone.

The Spaniard is paid £8.2m, and is largely considered as the No2 driver to Leclerc.

Sainz won his first F1 race at Silverstone earlier this year

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Sainz won his first F1 race at Silverstone earlier this yearCredit: Rex

Sergio Perez — £6.6m

Perhaps the biggest surprise is how little Red Bull’s Sergio Perez is paid.

The Mexican is paid £14m less than team-mate Verstappen.

Perez recorded a win at Monaco this season and currently sits third.

Perez is paid £14m less than team-mate Verstappen

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Perez is paid £14m less than team-mate VerstappenCredit: Rex

Kevin Magnussen — £4.9m

Kevin Magnussen returned to F1 this season to driver for Haas following the axe of Russian Nikita Mazepin.

Magnussen is paid £4.9m-a-year to drive for Haas and in the early stages of the season, he turned in some top draw performances.

Magnussen returned to F1 to replace Mazepin at Haas

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Magnussen returned to F1 to replace Mazepin at HaasCredit: Splash

Pierre Gasly — £4.1m

AlphaTauri’s Pierre Gasly is paid £4.1m.

The Frenchman has 16 points to his name this season.

Gasly has picked up 16 points this season

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Gasly has picked up 16 points this seasonCredit: Rex

Esteban Ocon — £4.1m

Esteban Ocon picks up £4.1m-a-year at Alpine.

He recorded a surprise win at the 2021 Hungarian Grand Prix.

And this season, he sits eighth in the driver standings.

Ocon sits eighth in the driver standings

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Ocon sits eighth in the driver standingsCredit: The Mega Agency

George Russell — £4.1m

Merc driver George Russell is considerably low on the list.

The Brit is paid just £4.1m to drive for the once dominant team.

Russell has performed for Merc this season, and sits fourth in the driver standings.

He is even beating team-mate Hamilton, who picks up £33m.

Merc's Russell earns just £4.1m and is ahead of Hamilton in the championship

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Merc’s Russell earns just £4.1m and is ahead of Hamilton in the championshipCredit: Splash

Alexander Albon — £1.6m

Williams pay Albon £1.6m-a-year.

That’s about right considering he sits 19th.

Albon hasn't recorded a point this season

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Albon hasn’t recorded a point this seasonCredit: Reuters

Nicholas Latifi — £825k

Nicholas Latifi is dead last in F1 this season and is paid just £825k.

Latifi sits bottom of the grid on points alongside his Williams team-mate

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Latifi sits bottom of the grid on points alongside his Williams team-mateCredit: Rex

Zhou Guanyu — £825k

Alfa Romeo pay Zhou Guanyu £825k.

The Chinese driver was involved in a horror crash at the Silverstone Grand Prix.

Guanyu was involved in a horror crash at Silverstone

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Guanyu was involved in a horror crash at SilverstoneCredit: Rex

Mick Schumacher — £825k

Mick Schumacher, son of all-time great Michael, is racing for Haas this season.

He recorded his first points in F1, with Haas’ car performing better than expected.

Schumacher picks up £825k.

Mick, son of Michael, is having a solid season at Haas

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Mick, son of Michael, is having a solid season at HaasCredit: Rex

Yuki Tsunoda — £619k

AlphaTauri’s Yuki Tsunoda is the LOWEST paid driver on the grid, earning just £619k-a-year.

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The Japan driver shows signs of promise at times.

However, his outbursts on the team radio have become a talking point.

Tsunoda's team radios can be heated

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Tsunoda’s team radios can be heatedCredit: Rex





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