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.
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In this article
- Formula 1
- Formula 1 2021
- Formula 1 news
- F1
- F1 news
- Ferrari
- Charles Leclerc
- Sebastian Vettel
- Carlos Sainz
- Haas F1 Team
- Antonio Giovinazzi
- Stake F1 Team
- Kimi Raikkonen
- Mick Schumacher
- Racing Bulls
- Fernando Alonso
- Red Bull Racing
- Lewis Hamilton
- McLaren
- Alpine F1 Team
- Sergio Perez
- Esteban Ocon
- Mercedes
- Daniel Ricciardo
- Aston Martin
- George Russell
- Williams
- Lance Stroll
- Lando Norris
- Max Verstappen
- Pierre Gasly
- Valtteri Bottas
- Nicholas Latifi
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