F1 2023 all teams driver salary and salaries contract list

Formula One F1 is currently one of the most expensive sports in the world, check out the full list of contracts and salary of all F1 drivers in 2023 below

Formula One features upto 24 races across the globe each season, with spending huge sums of money to be a part and compete each season.

F1 2023 all teams driver salary and salaries contract full list

Max Verstappen is reportedly signing a 4-5 year contract extension with Red Bull worth over $50 million annually.

That's about $2.4 million per race and makes him one of the highest-paid athletes in the entire world.

But here's the craziest part…

He's only 24-years old. pic.twitter.com/O6bI1Euj44

— Joe Pompliano (@JoePompliano) March 2, 2022

What do you think about the 2023 F1 driver salaries?

Bottas is overpaid, and Alonso and Piastri's relatively low salaries come as a surprise, as both reportedly left Alpine for more money 🤨. Maybe they just wanted to get out of Alpine.

Source – RacingNews365 pic.twitter.com/ceElxQNgPX

— Bala (@f1moviestvgames) January 20, 2023

A huge part of the money spent, goes towards the drivers who battle it out to win the title and prize money. As such, drivers play an important role in the sport and they are paid well for doing so. Check out more details about how much F1 drivers earn below.

Highest paid F1 driver in 2023

Currently Max Verstappen from Red Bull racing is the highest paid driver in F1. This comes as no surprise, as the Dutch driver is the current back-to-back World Drivers’ Champion.

Verstappen secured a new deal with his team last year in March, signing a five-year contract extension. The 25-year-old reportedly earns an annual salary of $55million with the new contract running till 2028.

After signing his new contract extension last year, Verstappen said:

I really enjoy being part of Red Bull Racing, so choosing to stay to the 2028 season was an easy decision. I love this team and last year was simply incredible. Our goal since we came together in 2016 was to win the championship and we have done that, so now it’s about keeping the number one on the car long-term.”

F1 full list of drivers contracts and salaries in 2023

Given below is the full list of reported salaries and contract lengths for all F1 drivers in 2023:

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