F1 Driver Salaries 2024, Verstappen and Hamilton on Top

13 hours ago 8

December 26, 2024 | 09:07 am

TEMPO.CO, Jakarta - Introduced in 1950, Formula 1 has long been synonymous with speed, precision, and massive earnings for its elite drivers. In the realm of F1, athletes’ paychecks comprise a combination of base salaries and performance-based bonuses.

When we look at F1 drivers' salaries in 2024, Verstappen maintains his strong position with an impressive US$75 million. He tops the list by US$18 million more than his nearest rival, Lewis Hamilton.

List of F1 Driver Salaries 2024

Citing Forbes, this article delves into the list of F1 driver salaries in 2024. From Verstappen to Gasly, these athletes earn millions for their dedication, hard work, and exceptional talent.

1. Max Verstappen - US$75 Million

Salary: US$60 M

Bonuses: US$15 M

Max Verstappen's salary has reached $75 million, making him the highest-paid driver in F1 for the third year in a row. The Dutch Red Bull Racing driver has also secured four consecutive titles, cementing his importance in the sport

2. Lewis Hamilton - US$57 Million

Salary: US$55 M

Bonuses: US$2 M

One of the most successful F1 drivers in history, Hamilton was once the youngest person to win the Drivers' Championship. This year, the Mercedes driver took home a total of $57 million, with a season highlighted by victory at Silverstone.

3. Lando Norris - US$35 Million

Salary: US$12 M

Bonuses: US$23 M

McLaren's Norris secured the lead driver role at the age of 23, demonstrating his natural talent in the sport. This season, he delivered key victories that helped McLaren win the 2024 Constructors' Championship, their first title since 1998. The British star earned a total of $35 million for the 2024 season.

4. Fernando Alonso - US$27.5 Million

Salary: US$24 M

Bonuses: US$3.5 M

Alonso appeared to face challenges this season as he struggled to replicate his 2023 dominance, dropping to ninth in the standings. Nevertheless, the Aston Martin driver still achieved a solid position with a total salary of US$27.5 million.

5. Charles Leclerc - US$27 Million

Salary: US$15 M

Bonuses: US$12 M

One of Ferrari's most prominent drivers, Leclerc is known for his fearless driving style. Not only has he secured third place in the drivers' championship this season, but he is also one of F1's highest-paid drivers - earning a total of $27 million in 2024.

6. George Russell - US$23 Million

Salary: US$15 M

Bonuses US$8 M

Russell continued to show his growing potential in his third season with Mercedes. He finished sixth in the championship and won two races, earning a total salary of US$23 million this year.

7. Oscar Piastri - US$22 Million

Salary: US$5 M

Bonuses: US$17 M

McLaren's rising star, Oscar Piastri has quickly established himself as a promising natural talent in F1. This season, he scored his first two Grand Prix wins. Within a year of his debut, the Australian driver had made his name as one of the highest-earning drivers with a total salary of US$22 million.

8. Sergio Pérez - US$19.5 Million

Salary: US$12 M

Bonuses: US$7.5 M

While Red Bull's official website recognizes Sergio Pérez as the most successful Mexican driver of all time, his performance seemed to decline this season, sparking speculation about his future with the team. Nevertheless, he still secures a place among F1's highest-paid drivers with a total earnings of $19.5 million.

9. Carlos Sainz - US$19 Million

Salary: US$10 M

Bonuses: US$9 M

Sainz has been a reliable and consistent presence at Ferrari. For 2025, however, Sainz will join Williams alongside Alex Albon. He successfully earned a total of US$19 million this season.

10. Pierre Gasly - US$12 Million

Salary: US$10 M

Bonuses: US$2 M

Alpine's Gasly showed exceptional performances throughout the 2024 season, finishing third in Brazil and fifth in Qatar. As a result, he earned a respectable salary of $12 million.

As you've explored the 2024 F1 driver salaries, you've gained an understanding of the perseverance and achievements of these athletes.

If you're passionate about the world of sports, you might also be interested in checking out the list of the highest-paid NBA players for 2024, which similarly defines both hard work and achievement.

Forbes

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