F1 drivers' salaries 2024
How much does Max Verstappen earn in Formula 1 and what is Lewis Hamilton's salary?
Max Verstappen salary
Three-time world champion Verstappen earns tens of millions a year at Red Bull but is not the only F1 driver who is doing well.
Max Verstappen has now become the best-paid Formula 1 driver of 2024, with his main rival on that list is Lewis Hamilton.
Lewis Hamilton salary
The Mercedes driver signed a new contract with the team for which he will also compete his final season for this year - the seven-time world champion will then switch to Ferrari, where he will probably earn around $100 million per year, including bonuses! Of course, Charles Leclerc will also receive a nice annual sum with his new contract...
RacingNews365 spoke to various sources within the F1 paddock to obtain an overview of the estimated salaries of all F1 drivers. This concerns the annual income, without bonuses, that they receive from their team. This does not include contracts with personal sponsors or performance bonuses from the teams.
F1 DRIVER SALARIES 2024
| Driver | Team | Salary +/- in $ million | Contract duration |
|---|---|---|---|
| Max Verstappen | Red Bull Racing | 55 | 2028 |
| Lewis Hamilton | Mercedes | 45 | 2025 |
| Charles Leclerc | Ferrari | 34 | 2028 |
| Lando Norris | McLaren | 20 | 2025 |
| George Russell | Mercedes | 18 | 2025 |
| Fernando Alonso | Aston Martin | 18 | 2024 |
| Checo Perez | Red Bull Racing | 14 | 2024 |
| Carlos Sainz | Ferrari | 12 | 2024 |
| Valtteri Bottas | Stake F1 Team | 10 | 2024 |
| Daniel Ricciardo | Visa Cash App RB | 7 | 2024 |
| Esteban Ocon | Alpine | 6 | 2024 |
| Pierre Gasly | Alpine | 6 | 2024 |
| Oscar Piastri | McLaren | 6 | 2026 |
| Kevin Magnussen | Haas F1 | 5 | 2024 |
| Alexander Albon | Williams | 3 | 2024 |
| Lance Stroll | Aston Martin | 3 | Open |
| Nico Hulkenberg | Haas F1 | 2 | 2024 |
| Guanyu Zhou | Stake F1 Team | 2 | 2024 |
| Yuki Tsunoda | Visa Cash App RB | 1 | 2024 |
| Logan Sargeant | Williams | 1 | 2024 |
Note: All figures are estimates based on conversations with various sources within the F1 paddock and at various teams.
Who is the highest paid driver?
How much does Max Verstappen pay for his license?
How much is Lewis Hamilton paid?
What is Daniel Ricciardo salary?
How much is Charles Leclerc paid?
How much is Lewis Hamilton paid by Ferrari
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