{"id":1576230,"date":"2023-08-29T17:29:00","date_gmt":"2023-08-29T21:29:00","guid":{"rendered":"https:\/\/sports7.us\/?p=1576230"},"modified":"2023-08-29T17:29:13","modified_gmt":"2023-08-29T21:29:13","slug":"highest-paid-f1-driver-formula-1-salaries","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/highest-paid-f1-driver-formula-1-salaries\/","title":{"rendered":"Highest-Paid F1 Driver 2023: All 20 Formula 1 Salaries and Who Earns the Most"},"content":{"rendered":"\n<p>The fifth most popular sport in the world, <a href=\"https:\/\/sports7.us\/formula-1\/\">Formula One<\/a> entertains about 500 million motorsports fans each season. The highest international racing class attracts top sponsors who pour money into the Grand Prix competitions. <\/p>\n\n\n\n<p>F1 teams do <a href=\"https:\/\/sports7.us\/formula-1-arbitrary-spending-cap-rule-already-falling-apart\/\">have a salary cap<\/a>, but that doesn't stop the best drivers from earning a lot of money. All 20 Formula 1 drivers make at least one million annually. However, the top drivers' salaries are over 20 times more, as evidenced by our ranking of the highest-paid F1 drivers in 2023, from least to most earnings.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading\" id=\"h-20-logan-sargeant-williams-racing-1-million\">20. Logan Sargeant (Williams Racing): $1 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-19-yuki-tsunoda-scuderia-alphatauri-1-million\">19. Yuki Tsunoda (Scuderia AlphaTauri): $1 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-18-lance-stroll-aston-martin-2-million\">18. Lance Stroll (Aston Martin): $2 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-17-oscar-piastri-mclaren-2-million\">17. Oscar Piastri (McLaren): $2 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-16-nick-de-vries-scuderia-alphatauri-2-million\">16. Nick De Vries (Scuderia AlphaTauri): $2 million<\/h2>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-15-nico-hulkenberg-haas-2-million\">15. Nico Hulkenberg (Haas): $2 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-14-guanyu-zhou-alfa-romeo-2-million\">14. Guanyu Zhou (Alfa Romeo): $2 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-13-alexander-albon-williams-racing-3-million\">13. Alexander Albon (Williams Racing): $3 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-12-pierre-gasly-alpine-5-million\">12. Pierre Gasly (Alpine): $5 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-11-kevin-magnussen-haas-5-million\">11. Kevin Magnussen (Haas): $5 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-10-fernando-alonso-aston-martin-5-million\">10. Fernando Alonso (Aston Martin): $5 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-9-esteban-ocon-alpine-6-million\">9. Esteban Ocon (Alpine): $6 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-8-george-russell-mercedes-8-million\">8. George Russell (Mercedes): $8 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-valtteri-bottas-alfa-romeo-10-million\">7. Valtteri Bottas (Alfa Romeo): $10 million<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-sergio-perez-red-bull-racing-10-million\">6. Sergio P\u00e9rez (Red Bull Racing): $10 million<\/h2>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-carlos-sainz-jr-12-million\">5. Carlos Sainz Jr.: $12 million<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Carlos Sainz reflects on his incident with Gasly, for which he was handed a three-place grid penalty <a href=\"https:\/\/twitter.com\/hashtag\/CanadianGP?src=hash&amp;ref_src=twsrc%5Etfw\">#CanadianGP<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/F1?src=hash&amp;ref_src=twsrc%5Etfw\">#F1<\/a> <a href=\"https:\/\/t.co\/F0cQB0lPW0\">pic.twitter.com\/F0cQB0lPW0<\/a><\/p>&mdash; Formula 1 (@F1) <a href=\"https:\/\/twitter.com\/F1\/status\/1670349379259998211?ref_src=twsrc%5Etfw\">June 18, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The son of double World Rally Champion Carlos Sainz Sr., Carlos Sainz Jr. has progressed from being a teenage Formula 3 champion to a 2022 F1 British Grand Prix winner. The Spanish driver has represented Toro Rosso, Renault, McLaren, and <a href=\"https:\/\/sports7.us\/carlos-sainz-jr-biggest-adjustment-ferrari-formula-1-nothing-to-do-with-car\/\">currently Ferrari<\/a>. <\/p>\n\n\n\n<p>With that one championship under his belt, Sainz faces the pressure of being the fifth highest-paid F1 driver. He'll have until 2024 to prove his full potential to Ferrari as <a href=\"https:\/\/sports7.us\/formula-1-driver-carlos-sainz-signed-most-important-deal-in-pajamas\/\">he extended his contract last year.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-lando-norris-20-million\">4. Lando Norris: $20 million<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Home race podium | LandoLOG 027\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/UcjQlyRnbBc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Competing for McLaren, <a href=\"https:\/\/sports7.us\/why-did-lando-norris-join-max-verstappen-and-lewis-hamilton-by-moving-to-monaco\/\">Lando Norris<\/a> joined the team's Young Driver Programme in 2017, being promoted to the Formula 2 team in 2018. That same year, the British driver became a McLaren F1 driver and won the Austrian Grand Prix two seasons later. In 2022, Norris extended his McLaren contract through 2025.<\/p>\n\n\n\n<p>Since 2020, Norris inched closer to another win but never quite made it happen. He's taken second place at both the 2023 British and Hungarian Grand Prix. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-charles-leclerc-24-million\">3. Charles Leclerc: $24 million<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde3\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udde2\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\udddf\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8\ud835\uddd8! \ud83d\ude31<br><br>IT\u2019S POLE POSITION FOR <a href=\"https:\/\/twitter.com\/Charles_Leclerc?ref_src=twsrc%5Etfw\">@Charles_Leclerc<\/a> \ud83d\udc4f<a href=\"https:\/\/twitter.com\/hashtag\/AzerbaijanGP?src=hash&amp;ref_src=twsrc%5Etfw\">#AzerbaijanGP<\/a> \ud83c\udde6\ud83c\uddff <a href=\"https:\/\/t.co\/eQmWjPN8KM\">pic.twitter.com\/eQmWjPN8KM<\/a><\/p>&mdash; Scuderia Ferrari HP (@ScuderiaFerrari) <a href=\"https:\/\/twitter.com\/ScuderiaFerrari\/status\/1651956834133999616?ref_src=twsrc%5Etfw\">April 28, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The third highest-paid F1 driver in 2023, Charles Leclerc joined F1's Ferrari team in 2019, making $3.5 million in his first year in the organization. Currently driving for Scuderia Ferrari, the Monte Carlo, Monaco native became the second-youngest driver to qualify for pole position at the 2019 Bahrain Grand Prix. <\/p>\n\n\n\n<p>Since then, <a href=\"https:\/\/sports7.us\/formula-1-leader-charles-leclerc-will-bring-320000-road-rage-to-imola\/\">Leclerc has won five races<\/a> and scored his first Grand Slam at the 2022 Australian Grand Prix. In 2022, he became the runner-up in the World Drivers' Championship <a href=\"https:\/\/sports7.us\/charles-leclerc-ferrari-gift-wrapping-max-verstappen-another-formula-1-championship\/\">behind Max Verstappen<\/a>. As of publication, he's under contract with Ferrari through 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-lewis-hamilton-35-million\">2. Lewis Hamilton: $35 million<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Lewis Hamilton reveals what an F1 driver wears! | What I Wear...\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/vnWqKkYjMFA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/sports7.us\/tag\/lewis-hamilton\/\">Lewis Hamilton<\/a> is one of the <a href=\"https:\/\/sports7.us\/lewis-hamilton-victory-2008-british-grand-prix-greatest-of-first-100-formula-1-wins\/\">most dominant drivers<\/a> in F1 history. Driving for Mercedes since 2013, the British athlete holds the records for the most wins, pole positions, and podium finishes. <\/p>\n\n\n\n<p>Hamilton entered Formula One via the McLaren Young Driver Programme, subsequently racing for McLaren from 2007-12 and <a href=\"https:\/\/sports7.us\/lewis-hamilton-so-popular-that-country-other-than-homeland-looking-to-adopt-him\/\">becoming the only Black driver<\/a> to compete in F1. Now a seven-time World Drivers' Champion, Sir Lewis Hamilton has broadened Formula One's <a href=\"https:\/\/sports7.us\/tyler-reddick-wants-formula-1-superstar-lewis-hamilton-to-try-nascar\/\">worldwide fan base<\/a> in a way other drivers have not. The environmental and social activist recently signed a contract extension with Mercedes, which will bolster Hamilton's career into his forties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-max-verstappen-55-million\">1. Max Verstappen: $55 million<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Max Verstappen has won 34 races since the start of 2021, the most in a 3-season span in F1 history.<br><br>All other drivers combined have won 13 less races and led 300 less laps in that span. <a href=\"https:\/\/t.co\/qio7u9px9k\">pic.twitter.com\/qio7u9px9k<\/a><\/p>&mdash; ESPN Stats &amp; Info (@ESPNStatsInfo) <a href=\"https:\/\/twitter.com\/ESPNStatsInfo\/status\/1683492232085618688?ref_src=twsrc%5Etfw\">July 24, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/sports7.us\/max-verstappen-excited-shane-van-gisbergens-win-addresses-interest-racing-nascar\/\">Max Verstappen<\/a> is F1's <a href=\"https:\/\/sports7.us\/max-verstappen-brutal-honesty-helps-explain-why-eclipsed-lewis-hamilton-formula-1-best-driver\/\">current two-time defending champion<\/a>, with 2021 and 2022 Formula One World Championships under his belt, and the highest-paid F1 driver in 2023. The Dutch and Belgian driver represents Red Bull Racing alongside P\u00e9rez. <\/p>\n\n\n\n<p>The son of former racing drivers Jos Verstappen and Sophie Kumpen, <a href=\"https:\/\/sports7.us\/max-verstappen-know-all-about-daniel-suarezs-no-99-chevy-cup-series\/\">Max<\/a> has been competing and winning since he was young. Unsurprisingly, his familial ties and versatile background helped the then-17-year-old become the youngest driver to compete in Formula One. One year later, at age 18, Max became the youngest driver ever to win a Grand Prix at the\u00a0Circuit de Barcelona-Catalunya.<\/p>\n\n\n\n<p>Since his teen years, the <a href=\"https:\/\/sports7.us\/fewer-europeans-witnessing-formula-1-greatness-of-max-verstappen-in-person\/\">driver has achieved<\/a> his first hat trick at the 2021 French Gran Prix. His first Grand Slam was at the 2021 Austrian Grand Prix. After signing a contract extension, Max will earn $55 million through 2028.<\/p>\n\n\n\n<p><em>Contract data courtesy of <a href=\"https:\/\/www.spotrac.com\/formula1\/\" target=\"_blank\" rel=\"noreferrer noopener\">Spotrac<\/a><\/em>.<em> Stats courtesy of <a href=\"https:\/\/www.racing-reference.info\/f1-series\/\" target=\"_blank\" rel=\"noreferrer noopener\">Racing Reference<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The highest-paid F1 driver makes 55 times more than the Formula 1 drivers who earn the least. So, who's raced to the top of the salary standings?<\/p>\n","protected":false},"author":239,"featured_media":1576240,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[253796],"tags":[14616,118377],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Highest-Paid F1 Driver 2023: All 20 Formula 1 Salaries and Who Earns the Most - Sports7<\/title>\n<meta name=\"description\" content=\"The highest-paid F1 driver makes 55 times more than the Formula 1 drivers who earn the least. 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