F1 Driver Salaries Revealed: Find Out How Much They Earn in 2024!

Formula 1 has been one of the best racing sports in the world, and has a huge reach!

Drivers lucky enough to gain a seat on the F1 grid and compete can make some good money.

Current top drivers include Ferrari’s Charles Leclerc and Red Bull’s Max Verstappen, who are in the top three of the drivers championship, as well as Mercedes’ George Russell, who is in sixth place.

These guys often earn the most thanks to their success on the track and their ability to amass sponsors and fans. Their performance, experience, and marketability, are important factors as well.

Driver salaries in F1 are typically negotiated between the driver and their team, with many contracts lasting multiple years.

On top of a base salary, drivers may also receive bonuses for podium finishes or championship wins, as well as incentives for attracting sponsors or improving the team’s performance.

Exact details of driver contracts are often kept confidential, but a report has revealed how much the top drivers are actually making this season.

Browse through the slideshow to find out who the top earning F1 driver is this season…