F1 Salaries And Contract 2021: Know How Much Money Every Formula 1 Driver Earns

F1 Salaries And Contract 2021: Know How Much Money Every Formula 1 Driver Earns

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.

Advertisement

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.

Advertisement

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 โ‚ฌ25m
2 Max Verstappen Red Bull ยฃ18m $25m โ‚ฌ21m
3 Fernando Alonso Alpine ยฃ15m $20m โ‚ฌ17m
4 Sebastian Vettel Aston Martin ยฃ11m $15m โ‚ฌ13m
5 Daniel Ricciardo McLaren ยฃ11m $15m โ‚ฌ13m
6 Charles Leclerc Ferrari ยฃ9m $12m โ‚ฌ10m
7 Valtteri Bottas Mercedes ยฃ7m $10m โ‚ฌ8m
8 Carlos Sainz Ferrari ยฃ7m $10m โ‚ฌ8m
9 Lance Stroll Aston Martin ยฃ7m $10m โ‚ฌ8m
10 Kimi Raikkonen Alfa Romeo ยฃ7m $10m โ‚ฌ8m
11 Sergio Perez Red Bull ยฃ6m $8m โ‚ฌ7m
12 Lando Norris McLaren ยฃ4m $5m โ‚ฌ6m
13 Esteban Ocon Alpine ยฃ4m $5m โ‚ฌ6m
14 Pierre Gasly AlphaTauri ยฃ4m $5m โ‚ฌ6m
15 Antonio Giovinazzi Alfa Romeo ยฃ730,800 $1m โ‚ฌ840,000
16 Mick Schumacher Haas ยฃ730,800 $1m โ‚ฌ840,000
17 Nikita Mazepin Haas ยฃ730,800 $1m โ‚ฌ840,000
18 Nicholas Latifi Williams ยฃ730,800 $1m โ‚ฌ840,000
19 George Russell Williams ยฃ730,800 $1m โ‚ฌ840,000
20 Yuki Tsunoda AlphaTauri ยฃ364,900 $500,000 โ‚ฌ420,000

ALSO READ:ย George Russell Will Be The Test Driver For Mercedes Mule Car Tyre Test With Pirelliโ€™s 2022-Spec 18-Inch Tyres

Advertisement

Recommended:ย Sports Physiotherapy Courses