A comprehensive ranking of the highest-paid Formula 1 drivers, combining substantial base salaries from their teams with lucrative personal sponsorship deals. This list highlights the financial powerhouses of the grid, reflecting both on-track performance and off-track marketability.
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The reigning World Champion commands the highest base salary in the sport, reportedly exceeding $50 million annually. His deal with Red Bull Racing is supplemented by major partnerships with Honda, Oracle, and Tag Heuer, making him the undisputed highest-paid driver globally.
Even in his final season with Mercedes, Hamilton earns a premium base salary due to his legendary status and multi-year contract extension. He leverages his massive global brand for endorsements with Aramco, Tommy Hilfiger, and McLaren’s future team, maintaining elite earning potential.
Ferrari’s lead driver commands a record-breaking salary for the Scuderia, reported to be around $40 million per year. His income is significantly boosted by high-profile deals with Louis Vuitton, Shell, and Amazon Prime Video, reflecting his star power in Formula 1.
After signing a multi-year extension with McLaren, Norris’s base salary has skyrocketed to reflect his podium consistency and rising fame. He holds lucrative sponsorship ties with Google Chrome, Crypto.com, and Hublot, positioning him among the youngest high-earners on the grid.
The two-time champion receives a substantial salary from Aston Martin, reportedly around $30 million, given his veteran experience. His earnings are augmented by significant partnerships with BWT, Aramco, and various luxury brands, ensuring he remains a top earner in his late career.
Sainz’s move to Ferrari brought a significant salary increase, with reports suggesting a base pay of approximately $25-$30 million. He maintains strong personal sponsorship agreements with Red Bull, Tag Heuer, and other automotive partners, capitalizing on his consistent race results.
Mercedes’ second driver sees his compensation rise alongside the team’s renewed competitiveness, with estimates around $20-$25 million annually. He secures additional income through deals with Beats by Dre, HP, and Omega, reflecting his growing marketability within the Silver Arrows.
Despite fluctuating performance, Pérez maintains a high base salary with Red Bull Racing, likely exceeding $20 million. He relies heavily on local Mexican sponsorships from companies like Telcel and Bimbo, which provide significant supplemental income alongside his team wages.
The rookie sensation signed a lucrative multi-year deal with McLaren that includes performance bonuses, pushing his total value high for a newcomer. Early endorsement deals with Alpine and other brands suggest a rapidly growing sponsorship portfolio, anticipating future earnings spikes.
Stroll’s position with Aston Martin is bolstered by his family’s ownership stake, but he also commands a personal salary reported around $15-$20 million. He benefits from Canadian corporate sponsorships and personal branding deals that complement his on-track role.
Driving for Alfa Romeo, Bottas earns a competitive salary estimated at $10-$15 million, leveraging his extensive experience. His income is supplemented by Swiss and international endorsements, maintaining his status as a well-compensated veteran in the midfield packs.
As Alfa Romeo’s second driver, Zhou commands a salary believed to be around $5-$10 million, supported by significant backing from Chinese manufacturers. His earnings are heavily tied to partnerships with Alibaba, Tencent, and other major Chinese tech and automotive firms.
Ocon’s performance with Alpine and subsequent teams has secured him a solid mid-tier salary, estimated between $8-$12 million annually. He leverages his French heritage and race-winning pedigree for personal endorsements with brands like Puma and various European automotive partners.
Gasly’s consistent podium finishes have stabilized his earnings at a mid-to-high level, likely around $10 million with Alpine or Aston Martin. He holds sponsorship ties with Omega, Red Bull Energy Drink, and various French lifestyle brands, ensuring steady financial stability.
The AlphaTauri driver earns a moderate salary estimated at $4-$6 million, reflecting his developing career stage. He benefits from support by Red Bull’s ecosystem and Japanese corporate sponsors, which provide a steady stream of supplemental income alongside his base pay.
Following his return to competition, Ricciardo’s earnings depend heavily on his contract with AlphaTauri or similar midfield entries, likely ranging from $5-$10 million. His marketability remains high due to his charismatic personality, attracting unique lifestyle and automotive sponsorship deals.
Driving for Haas, Magnussen’s salary is estimated in the $3-$5 million range, consistent with veteran midfield performers. He maintains personal sponsorships from Danish and international brands, which help pad his earnings in a team with a more limited budget than the top three.
The veteran replacement driver commands a salary estimated at $4-$6 million with Haas, leveraging his extensive experience and reliability. He secures additional income through German automotive partners and technical endorsements, maintaining a profitable position in his long career.
As the rookie for Williams, Sargeant’s package is estimated at $2-$4 million, heavily influenced by his backing from US-based sponsors like Mobil 1. His earnings are structured to balance a modest base salary with potential performance bonuses as he establishes himself in the sport.
Albon’s position with Williams has improved his earning potential, with estimates around $5-$8 million following his consistent performances. He leverages his Thai heritage for significant regional sponsorship deals, including banking and telecommunications partnerships, boosting his total annual income.