F1 driver salaries 2022: How much do Formula 1 drivers get paid?

How big are F1 driver salaries in 2022? Lewis Hamilton and Max Verstappen are the highest-paid men in Formula 1 with massive contracts.

Formula 1 is a big business with millions and millions of dollars on the line each season. The cars themselves are pricey pieces of machinery.

For the drivers, each race is a chance to prove they’re worthy of their seat on the grid and the salary that comes with it.

Which ones make the most money each year?

F1 driver salaries 2022: How much do Formula 1 drivers get paid?

1. Lewis Hamilton (Mercedes) — $40 million
2. Max Verstappen (Red Bull) — $35 million
3. Lando Norris (McLaren) — $20 million
4. Fernando Alonso (Alpine) — $20 million
5. Sebastian Vettel (Aston Martin) — $15 million
6. Daniel Ricciardo (McLaren) — $15 million
7. Charles Leclerc (Ferrari) — $12 million
8. Carlos Sainz (Ferrari) — $10 million
9. Valtteri Bottas (Alfa Romeo) — $10 million
10. Lance Stroll (Aston Martin) — $10 million
11. Sergio Perez (Red Bull) — $8 million
12. Kevin Magnussen (Haas) — $6 million
13. George Russell (Mercedes) — $5 million
14. Esteban Ocon (Alpine ) — $5 million
15. Pierre Gasly (AlphaTauri) — $5 million
16. Alexander Albon (Williams) — $2 million
17. Nicholas Latifi (Williams) — $1 million
18. Mick Schumacher (Haas) — $1 million
19. Guanyu Zhou (Alfa Romeo) — $1 million
20. Yuki Tsunoda (AlphaTauri) — $750,000

*All salaries via Spotrac

Spotrac lists Lewis Hamilton as the highest-paid driver in Formula 1, but Max Verstappen just signed a long-term extension reportedly lifting his wage closer to his title rivals. He’ll be under contract with Red Bull until 2027.

However, since F1 driver salaries aren’t officially released, all we have to go on is reports about the value of those contracts and extensions.

It’s possible Verstappen is making as much as $50 million this season. More details will have to shake out about his contract to say that for certain, however.

Either way, the difference between the bottom earners and the top is pretty huge. The likes of Yuki Tsunoda, Guanyu Zhou and Mick Schumacher are only just getting their feet wet in F1. Tsunoda and Schumacher are in their second seasons on the grid while Zhou is a rookie.