In a few weeks, a new Formula 1 season will finally begin. In the run-up to the anniversary year, several drivers have signed new contracts or made the switch to a competitor. Additionally, a handful of rookies have been given an opportunity with a fresh contract. Curious about what all these Formula 1 drivers will earn this year? Check out the overview below!
It’s no secret that Formula 1 drivers are well-off. Therefore, the salaries below are displayed in millions of dollars. Four-time world champion Max Verstappen leads the pack. With Red Bull, he hopes to defend his title again in 2025. The Austrian racing team pays him well for his services – reportedly, the Dutchman will be able to add a whopping 65 million dollars to his account in 2025. This amount is exclusive of income from sponsorship contracts and other business activities.
Seven-time world champion Lewis Hamilton follows in second place. The British star is making his debut with Ferrari this year. He bid farewell to ‘his’ Mercedes, and the Scuderia wants to reward him generously for it. He is estimated to earn about 60 million dollars in 2025. That’s almost double the salary of teammate Charles Leclerc, who for the first time in a long while is not the highest-paid Ferrari driver. With a salary of 34 million dollars, he is the third highest earner in Formula 1. Fernando Alonso and Lando Norris round out the top five with annual salaries of 20 million dollars. The rookies fall short in this statistic compared to the established names.
What do Formula 1 drivers earn?
| Driver | Team | Salary |
|---|---|---|
| Max Verstappen | Red Bull | 65 million dollars |
| Lewis Hamilton | Ferrari | 60 million dollars |
| Charles Leclerc | Ferrari | 34 million dollars |
| Fernando Alonso | Aston Martin | 20 million dollars |
| Lando Norris | McLaren | 20 million dollars |
| George Russell | Mercedes | 15 million dollars |
| Carlos Sainz | Williams | 10 million dollars |
| Pierre Gasly | Alpine | 10 million dollars |
| Alexander Albon | Williams | 8 million dollars |
| Nico Hulkenberg | Sauber | 7 million dollars |
| Esteban Ocon | Haas | 7 million dollars |
| Oscar Piastri | McLaren | 6 million dollars |
| Lance Stroll | Aston Martin | 3 million dollars |
| Gabriel Bortoletto | Sauber | 2 million dollars |
| Yuki Tsunoda | Visa RB | 2 million dollars |
| Kimi Antonelli | Mercedes | 2 million dollars |
| Oliver Bearman | Haas | 1 million dollars |
| Liam Lawson | Red Bull | 1 million dollars |
| Jack Doohan | Alpine | 0.5-1 million dollars |
| Isack Hadjar | Visa RB | 0.5-1 million dollars |
For more information on the Formula 1 schedule for 2025, please refer to official Formula 1 resources.
