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F1 Drivers Salaries 2024, How much do F1 drivers make per race?

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F1 Drivers Salaries 2024: Drivers in Formula One receive wages that vary greatly, from around $1 million to an unbelievable $55 million. Everyone should gain from the increasing popularity of Formula One racing, particularly the drivers who risk their lives for the amusement of spectators. Being a Formula One driver now is an amazing experience.

The sport is becoming more and more popular worldwide, and drivers are now taking home huge salaries every season. Naturally, elite drivers make more money than backmarkers or beginners. Nevertheless, according to reports, every one of the 19 full-time drivers this season is making at least $1 million.

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F1 Drivers Salaries 2024

F1 Drivers Salaries 2024

In 2023, Max Verstappen made $70 million, which included $25 million in incentives, making him the highest earner. The salary range for an F1 driver is from $1 million to $55 million. The salary of F1 drivers depends on their skills and the level of experience they have. They also earn a lot from bonuses and incentives they get. Moreover, they also earn well from brand endorsements and sponsorships. Below are some of the salaries of the top drivers:

  • Max Verstappen: $55 million
  • Lewis Hamilton: $35 million
  • Charles Leclerc: $24 million
  • Lando Norris: $20 million
  • Carlos Sainz: $12 million

How much do F1 drivers make per race?

Max Verstappen of Red Bull Racing has wrapped up the most successful season in Formula 1 history, winning a record 19 races out of 22 total and winning the drivers’ championship on October 7, 2023. It should come as no surprise that he leads all F1 drivers in earnings, with approximately $70 million in pay and bonuses this year. The next best-paid drivers are Lewis Hamilton of Mercedes ($35 million), and Charles Leclerc of Ferrari ($24 million).

Seven-time winner Hamilton is accompanied by rising sensation Leclerc, 26, of the most renowned team in sports. According to reports, three drivers—Nick Hülkenberg of Haas, Yuki Tsunoda of AlphaTauri, and Logan Sargeant of Williams—will each earn $1 million. They are in three significantly different stages of their professions but have the same salaries.

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Gaurvi bhardwaj
Gaurvi bhardwaj
Gaurvi is an experienced writer who can write content in an engaging way to deliver viewers with the interesting information. Get ready to explore the world of sports with Gaurvi's passion for writing.

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