F1 salaries 2023: Who is the highest paid F1 driver?
Your full round-up of F1 salaries across the driver line-up – how much are the biggest contracts worth?
Formula 1 is big business. TV audiences are up in virtually every market, race attendances are sky-rocketing in some corners of the world and, for the first time ever, F1 will make three stops in the US in 2023.
Of course, the additional tickets, commercial deals and broadcast interest all leads to one thing: money.
Smash-hit documentary series Formula 1: Drive to Survive has played a key role in raising the profile of the sport across the globe and F1 is reaping the benefits.
More cash flooding into the sport means drivers are earning more money than ever from Formula 1, with many top drivers reportedly earning eight-figure sums in terms of annual salary. And that's before sponsorship deals!
Teams generally keep their driver salaries private and don't confirm specific figures, but various reports claim approximate base salaries for drivers in 2023.
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 2023.
Check out more Formula 1 coverage: F1 calendar 2023 | How to watch F1 on TV | F1 beginner's guide | F1 highlights | F1 presenters | F1 on Channel 4
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F1 salaries 2023
Estimated figures based on reports.
- Max Verstappen (Red Bull) – $55 million (until 2028)
- Lewis Hamilton (Mercedes) – $35 million (until 2023)
- Charles Leclerc (Ferrari) – $24 million (until 2024)
- Lando Norris (McLaren) – $20 million (until 2025)
- Fernando Alonso (Aston Martin) – $20 million (until 2024)
- Carlos Sainz (Ferrari) – $12 million (until 2024)
- Sergio Perez (Red Bull) – $10 million (until 2024)
- Valtteri Bottas (Alfa Romeo) – $10 million (until 2025)
- George Russell (Mercedes) – $8 million (until 2023)
- Esteban Ocon (Alpine) – $6 million (until 2024)
- Pierre Gasly (Alpine) – $5 million (until 2024)
- Kevin Magnussen (Haas) – $5 million (until 2023)
- Alex Albon (Williams) – $3 million (until 2024)
- Lance Stroll (Aston Martin) – $2 million (rolling)
- Nico Hulkenberg (Haas) – $2 million (until 2024)
- Nyck De Vries (AlphaTauri) – $2 million (until 2023)
- Zhou Guanyu (Alfa Romeo) – $2 million (until 2023)
- Oscar Piastri (McLaren) – $2 million (until 2024)
- Yuki Tsunoda (AlphaTauri) – $1 million (until 2023)
- Logan Sargeant (Williams) – $1 million (until 2023)
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