Business is booming for Formula 1 at the moment. Wider audiences are engaging with the sport, TV ratings are soaring and general interest in the 2022 season is sky-high.

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F1 finally appears to have cracked the US market with races lined up in Austin, Miami and, from 2023, a street circuit track through the heart of Las Vegas.

Smash-hit documentary series Formula 1: Drive to Survive has played a key role in bringing greater attendances to races, greater audiences watching on TV and, ultimately, greater revenue being generated.

That means drivers are earning more money than ever from Formula 1, with two drivers reportedly earning $40 million or more in terms of annual salary. And that's before sponsorship deals!

Teams generally prefer to keep their driver salaries private and don't confirm specific figures, but approximations have been made for the grid in 2022.

The salaries listed below are estimates, based on a variety of sources, but we will update this piece if fresh information is confirmed surrounding each driver's annual pay packet.

RadioTimes.com brings you the full round-up of estimated F1 salaries for 2022.

Check out more F1 features: F1 on TV | F1 calendar 2022 | F1 drivers and teams 2022 | F1 presenters on Sky

F1 salaries 2022

Estimated figures based on reports.

  1. Max Verstappen (Red Bull) – $43 million (until 2028)
  2. Lewis Hamilton (Mercedes) – $40 million (until 2023)
  3. Fernando Alonso (Alpine) – $20 million (until 2022)
  4. Sebastian Vettel (Aston Martin) – $15 million (until 2022)
  5. Daniel Ricciardo (McLaren) – $15 million (until 2023)
  6. Charles Leclerc (Ferrari) – $12 million (until 2024)
  7. Carlos Sainz (Ferrari) – $10 million (until 2022)
  8. Valtteri Bottas (Alfa Romeo) – $10 million (until 2025)
  9. Lance Stroll (Aston Martin) – $10 million (rolling)
  10. Sergio Perez (Red Bull) – $8 million (until 2022)
  11. George Russell (Mercedes) – $5 million (until 2023)
  12. Lando Norris (McLaren) – $5 million (until 2025)
  13. Esteban Ocon (Alpine) – $5 million (until 2024)
  14. Pierre Gasly (AlphaTauri) – $5 million (until 2023)
  15. Alex Albon (Williams) – $2 million (until 2022)
  16. Zhou Guanyu (Alfa Romeo) – $1 million (until 2022)
  17. Mick Schumacher (Haas) – $1 million (until 2022)
  18. Nikita Mazepin (Haas) – $1 million (until 2022)
  19. Nicholas Latifi (Williams) – $1 million (until 2022)
  20. Yuki Tsunoda (AlphaTauri) – $0.75 million (until 2022)

If you’re looking for something else to watch check out our TV Guide or visit our Sport hub for all the latest news.

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