F1 Players Salary 2023: Who’s The Highest Paid Driver?

Salary packages for F1 drivers vary widely, from roughly $1 million to a staggering $55 million.

Although driver wage ceilings have been discussed recently, Formula One has yet to enact any such regulations, continuing to exclude driver salaries from team budget constraints. Before to the 2022 Azerbaijan Grand Prix, Red Bull driver Max Verstappen spoke out on the subject, saying that everyone should profit from F1 racing’s increasing popularity, especially the drivers who put their lives in danger for the enjoyment of spectators.

There are some new faces in the racing scene for the 2023 season because Michael Schumacher, Daniel Ricciardo, and Sebastian Vettel are all absent. Here is what both novices and veterans could anticipate to make.

How much do F1 drivers make?

From 2017, there have been ten teams racing in Formula One, each with two drivers, for a total of 20 drivers. The nations of origin, sponsors, and car numbers of each driver racing in 2023 are shown here, as well as the salaries Spotrac claims each will get for the 2023 campaign.

2023 F1 Driver Salaries
Driver Team Salary Age
Max Verstappen Red Bull $55M 25
Lewis Hamilton Mercedes $35M 38
Charles Leclerc Ferrari $24M 25
Lando Norris McLaren $20M 23
Carlos Sainz Ferrari $12M 28
Sergio Perez Red Bull $10M 33
Valterri Bottas Alfa Romeo $10M 33
George Russell Mercedes $8M 25
Esteban Ocon Alpine $6M 26
Pierre Gasly Alpine $5M 27
Fernando Alonso Aston Martin $5M 41
Kevin Magnussen Haas $5M 30
Alex Albon Williams $3M 26
Oscar Piastri McLaren $2M 21
Lance Stroll Aston Martin $2M 24
Guanyu Zhou Alfa Romeo $2M 23
Nyck de Vries AlphaTauri $2M 28
Nico Hülkenburg AlphaTauri $1M 35
Yuki Tsunoda AlphaTauri $1M 22
Logan Sargeant Williams $1M 22

Who is the highest-paid F1 driver?

F1 is a results-driven industry, so it shouldn’t come as a huge surprise that Max Verstappen of Red Bull is this season’s highest-paid driver.

The Dutchman, who is vying for his third straight drivers’ title, is expected to make $55 million in 2023.

Verstappen is followed by seven-time world champion Lewis Hamilton, who will make $35 million this year as a Mercedes driver.

Who is the lowest-paid F1 driver?

Understandably, drivers who are new to the sport and those who are in the last row of the grid make less money.

While having far lower pay than the best drivers, they are nevertheless well compensated for their efforts.

At the bottom of the salary range, AlphaTauri’s Yuki Tsunoda and American rookie Logan Sargeant each made almost $1 million this season.

Although being in his third season in Formula One, Tsunoda is still bound by a rookie-level contract.

Sargeant, on the other hand, is making his season debut for Williams and has been given the grid’s lowest wage.

2023 Formula One season schedule

  1. March 5 – Gulf Air Bahrain Grand Prix
  2. March 19 – STC Saudi Arabian Grand Prix
  3. April 2 – Rolex Australian Grand Prix
  4. April 30 – Azerbaijan Grand Prix
  5. May 7 – Crypto.com Miami Grand Prix
  6. May 21 – Qatar Airways Gran Premio del Made in Italy e Dell’emilia-Romagna
  7. May 28 – Grand Prix de Monaco
  8. June 4 – AWS Gran Premio de España
  9. June 18 – Pirelli Grand Prix du Canada
  10. July 2 – Grosser Preis von Österreich
  11. July 9 – Aramco British Grand Prix
  12. July 23 – Qatar Airways Hungarian Grand Prix
  13. July 30 – Belgian Grand Prix
  14. Aug. 27 – Heineken Dutch Grand Prix
  15. Sept. 3 – Pirelli Gran Premio D’Italia
  16. Sept. 17 – Singapore Airlines Singapore Grand Prix
  17. Sept. 24 – Lenovo Japanese Grand Prix
  18. Oct. 8 – Qatar Airways Qatar Grand Prix
  19. Oct. 22 – Lenovo United States Grand Prix
  20. Oct. 29 – Gran Premio de la Ciudad de México
  21. Nov. 5 – Rolex Grande Prêmio de São Paulo
  22. Nov. 18 – Heineken Sliver Las Vegas Grand Prix
  23. Nov. 26 – Etihad Airways Abu Dhabi Grand Prix

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