Welcome at RacingNews365

Become part of the largest racing community in the United Kingdom. Create your free account now!

  • Share your thoughts and opinions about F1
  • Win fantastic prizes
  • Get access to our premium content
  • Take advantage of more exclusive benefits
Sign in
Formula 1

Formula 1 driver salaries 2021

With Lewis Hamilton's contract sorted, the 2021 Formula grid is complete. The Mercedes man is no doubt the favourite to add another title to his trophy cabinet, but how much will each driver make this season? RacingNews365.com is here to give you that news.

Hamilton Verstappen Spanje
To news overview © Mercedes

The 2021 Formula 1 season is slowly starting to take shape following the announcement that Lewis Hamilton will drive for Mercedes, and we now know how much each driver will earn as well.

Hamilton is the top earner, collecting a cool $30 million this season excluding bonuses. Max Verstappen comes in second with $25m, while the returning two-time world champion Fernando Alonso rounds out the podium by taking home $20m a year.

RacingNews365.com has learned from sources based within the Formula 1 paddock. All the figures exclude driver performance bonuses and personal sponsors.

Formula 1 Driver Salaries 2021

No. Driver Team Salary (USD) Expiry (*with option)
1 Lewis Hamilton Mercedes $30m 2021
2 Max Verstappen Red Bull $25m 2023
3 Fernando Alonso Alpine $20m 2022
4 Sebastian Vettel Aston Martin $15m 2021*
- Daniel Ricciardo McLaren $15m 2022*
6 Charles Leclerc Ferrari $12m 2024
7 Valtteri Bottas Mercedes $10m 2021
8 Carlos Sainz Ferrari $10m 2022*
- Lance Stroll Aston Martin $10m Open
- Kimi Raikkonen Alfa Romeo $10m 2021
11 Sergio Perez Red Bull $8m 2021
12 Lando Norris McLaren $5m 2021*
- Esteban Ocon Alpine $5m 2021
- Pierre Gasly AlphaTauri $5m 2021*
15 Antonio Giovinazzi Alfa Romeo $1m 2021*
- Mick Schumacher Haas $1m 2021
- Nikita Mazepin Haas $1m 2021
- Nicholas Latifi Williams $1m 2021
- George Russell Williams $1m 2021
20 Yuki Tsunoda AlphaTauri $500k 2021

How much are F1 drivers earning in 2022?

Hamilton and Verstappen will still be the biggest earners in 2022, with the seven-time World Champion's salary increasing further.

There are also several changes to the grid, with Valtteri Bottas moving to Alfa Romeo, and George Russell going the other way to Mercedes, while Alex Albon returns to the sport and Guanyu Zhou makes his debut.

Find out the updated driver salaries for the 2022 F1 season in our latest overview.

Join the conversation!

LATEST Mercedes facing 'ultimate test' in Barcelona 'wind tunnel'