How Much Are F1 Drivers Paid? Salaries Revealed For Each 2024 Driver

Formula 1 is the highest class of international racing for single-seater formula racing cars!

As the best of the best in motorsports and the world’s most prestigious motor racing competition, the F1 drivers are sure to make a lot of money, not only from their salary, but also from endorsement deals and more.

Top drivers like Lando Norris, Max Verstappen and Charles Leclerc (all pictured here), 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…