19 January 2023
Why do F1 drivers earn so much?
There are three main reasons, their skill, the risk they take, and the global value brought to the F1 international circus.
Some drivers bring money; Lance Stroll, Lando Norris and Nicholas Latifi are examples.
As to skill, it is more than just their ability to drive; they must be able to tolerate the significant stress of extensive travel and the ability to communicate with their team, the press, and their sponsors.
The sport can be fatal; the drivers face injury or death every time they drive, in testing, practice and race days.
F1 generates substantial global economic value. Supporters follow individual drivers and teams; their cars, clothing and helmets adorn advertising and sponsorship in front of racegoers and tv viewers worldwide, and those figures are increasing significantly year on year.
That is why Yuki Tsunoda earns $750k pa and Lewis Hamilton $40m pa.
