Have a look at the salary of the F1 drivers, their salaries and contract in 2021 who push their cars to the limit in one of the most dangerous motorsports in history
Formula 1 is one of the most expensive and dangerous sporting events that take place on this planet where the cars travel at a speed of more than 300km\per hour. There are a lot of dangers involved if you let the occasion get the better of you.
No amount of money is justified if a driver loses his life on the circuit. Despite the big bags of cash, it is the life of the drivers and their safety is the most important. There is no denying the fact that Formula 1 drivers are some of the highest-earning athletes in the world.
F1 2021 Salaries And Contracts: Know how much salary drivers earn in Formula 1
Formula 1 drivers are bonded by contracts with their respective teams where they earn a basic salary for every race weekend and their achievements on the track are rewarded with hefty bonuses. The deal is agreed upon by the signing of a contract and the bonus is also decided at the same time.
For example, Estaban Ocon won his first-ever Formula 1 Grand Prix of his career and as a result, he will receive a big bonus from Alpine Renault for taking his car to the first position where it was not meant to be considering the hierarchy in Formula 1.
Nobody expected Ocon to win the Hungarian Grand Prix, as a result, there would be a clause in his contract which means that if he finishes his car with a podium finish, there would be a guaranteed bonus from Alpine.
These bonuses could also be for finishing in Championship points, Fastest Lap, and winning the driver of the day. Now here is the list of money earned by every Formula 1 driver with Lewish Hamilton being the most paid F1 driver.
| Pos | Driver | Team | Salary (GBP) | Salary (USD) | Salary (EUR) |
|---|---|---|---|---|---|
| 1 | Lewis Hamilton | Mercedes | ยฃ22m | $30m | โฌ25m |
| 2 | Max Verstappen | Red Bull | ยฃ18m | $25m | โฌ21m |
| 3 | Fernando Alonso | Alpine | ยฃ15m | $20m | โฌ17m |
| 4 | Sebastian Vettel | Aston Martin | ยฃ11m | $15m | โฌ13m |
| 5 | Daniel Ricciardo | McLaren | ยฃ11m | $15m | โฌ13m |
| 6 | Charles Leclerc | Ferrari | ยฃ9m | $12m | โฌ10m |
| 7 | Valtteri Bottas | Mercedes | ยฃ7m | $10m | โฌ8m |
| 8 | Carlos Sainz | Ferrari | ยฃ7m | $10m | โฌ8m |
| 9 | Lance Stroll | Aston Martin | ยฃ7m | $10m | โฌ8m |
| 10 | Kimi Raikkonen | Alfa Romeo | ยฃ7m | $10m | โฌ8m |
| 11 | Sergio Perez | Red Bull | ยฃ6m | $8m | โฌ7m |
| 12 | Lando Norris | McLaren | ยฃ4m | $5m | โฌ6m |
| 13 | Esteban Ocon | Alpine | ยฃ4m | $5m | โฌ6m |
| 14 | Pierre Gasly | AlphaTauri | ยฃ4m | $5m | โฌ6m |
| 15 | Antonio Giovinazzi | Alfa Romeo | ยฃ730,800 | $1m | โฌ840,000 |
| 16 | Mick Schumacher | Haas | ยฃ730,800 | $1m | โฌ840,000 |
| 17 | Nikita Mazepin | Haas | ยฃ730,800 | $1m | โฌ840,000 |
| 18 | Nicholas Latifi | Williams | ยฃ730,800 | $1m | โฌ840,000 |
| 19 | George Russell | Williams | ยฃ730,800 | $1m | โฌ840,000 |
| 20 | Yuki Tsunoda | AlphaTauri | ยฃ364,900 | $500,000 | โฌ420,000 |