Formula 1 Salaries

27 May 2022

Formula 1 viewership has increased by almost 50 per cent around the world. The sport has also become more popular than ever before, particularly in 10 key territories: Brazil, China, France, Germany, Italy, Russia, South Korea, Spain, the UK and the US.

The sports industry analytics company Nielsen Sports predicted one billion F1 fans for the 2022 season. Their forecast is based on its analysis of individuals interested in F1, aged between 16-69 in the championship’s key markets, and claims to have detected a noticeable increase in F1 interest, mainly from the 16-35-year-old demographic.

The business of F1 is prospering, and this boom provides numerous financial benefits to the drivers; whilst their direct salaries are not insignificant (refer to the article below), the salary is only one part of the remuneration package. The figures become mind-boggling when you include sponsorship deals, partnerships, investment and a whole raft of free stuff.

DriverTeamCar NumberSalary
Lewis HamiltonMercedes44£32million
Max VerstappenRed Bull Racing1£20million
Fernando AlonsoAlpine14£16million
Lando NorrisMcLaren4£16million
Sebastian VettelAston Martin5£12million
Daniel RicciardoMcLaren3£12million
Charles LeclercFerrari16£9.6million
Valttteri BottasAlfa Romeo77£8million
Lance StrollAston Martin18£8million
Carlos Sainz JrFerrari55£8million
Sergio PérezRed Bull Racing11£6.4million
Kevin MagnussenHaas20£4.8million
Pierre GaslyAlpha Tauri10£4million
Esteban OconAlpine31£4million
George RussellMercedes63£4million
Alexander AlbonWilliams23£1.6million
Nicholas LatifiWilliams6£0.8million
Zhou GuanyuAlfa Romeo24£0.8million
Mick SchumacherHaas47£0.8million
Yuki TsunodaAlpha Tauri22£0.6million