The top drivers in Formula 1 have their pay made public by Forbes, with some earning significantly more than others as the season gets underway.
Logan Sargeant (Williams), Yuki Tsunoda (Visa Cash App RB): $1M
Starting at the bottom of the chart, we have the wages of Yuki Tsunoda (Visa Cash App RB) and Logan Sargeant (Williams), who each make $1 million a year (€924,285; £792,250).
D. Ricciardo (Visa Cash App RB), N. Hülkenberg (Haas), L. Stroll (Aston Martin), and G. Zhou (Stake): $2M
Two million dollars is the double the amount paid to four drivers: Lance Stroll (Aston Martin), Nico Hülkenberg (Haas), Daniel Ricciardo (Visa Cash App RB), and Guanyu Zhou (Stake).
Alex Albon (Williams): $3M
With a $3 million yearly pay, Alex Albon (Williams) makes three times as much as his teammate Logan Sargeant.
Kevin Magnussen (Haas): $5M
Dane Kevin Magnussen, a 31-year-old employee of Haas with a $5 million yearly pay, is next in line.
Esteban Ocon (Alpine): $6M
Esteban Ocon, an Alpine driver who makes $6 million a year, is the lowest paid French racer according to Forbes‘ ranking.
Pierre Gasly (Alpine), Oscar Piatri (McLaren), George Russell (Mercedes): $8M
Three drivers—George Russell (Mercedes), Oscar Piatri (McLaren), and Frenchman Pierre Gasly (Alpine)—earn $8 million a year.
Valtteri Bottas (Stake): $10M
The first driver in our standings to hit the $10 million per season threshold is 34-year-old Valtteri Bottas of Stake.
Carlos Sainz (Ferrari) : $14M
Carlos Sainz, a seasoned driver with a 4-year tenure at Ferrari, is set to earn a substantial $14 million in the upcoming 2024 season.
Lando Norris (McLaren): $15M
Lando Norris is now earning an impressive $15 million annually at McLaren, a significant increase in his career trajectory.
Sergio Pérez (Red Bull): $16M
Sergio Pérez, the second star driver of Red Bull, receives a salary of $16 million from his team. Although undeniably impressive, it falls short in comparison to his teammate Max Verstappen.
Charles Leclerc (Ferrari): $19M
Charles Leclerc, the star driver at Ferrari, commands an impressive salary of $19 million, making him one of the highest-paid drivers globally.
Fernando Alonso (Aston Martin): $24M
Fernando Alonso, a renowned figure in the world of Formula 1, continues to enjoy a prosperous career even at the age of 42. He commands an impressive salary of $24 million, a testament to his success.
Max Verstappen (Red Bull): $45M
Max Verstappen, the reigning world champion and a prominent figure in the Red Bull team, commands an impressive salary of $45 million, making him one of the highest-paid drivers in the sport.
Lewis Hamilton (Mercedes): $55M
The highest earning driver of the season is none other than Lewis Hamilton, a seven-time world champion who, at the age of 39, earns a staggering $55 million annually.
Wide Pay Gaps
There are significant variations in the salaries of Formula 1 drivers, which can be attributed to their standing in the sport, even though some drivers who are less successful receive considerably lower pay.
