FormulaNerds Cut To The Race Podcast

BARCELONA, SPAIN - FEBRUARY 19: A detailed view as drivers line up on the grid for a photo prior to day one of Formula 1 Winter Testing at Circuit de Barcelona-Catalunya on February 19, 2020 in Barcelona, Spain. (Photo by Mark Thompson/Getty Images)

2021 Driver Salaries REVEALED

Latest Episode | Cut To The Race Podcast

Now that Sir Lewis Hamilton has signed his contract at Mercedes and the final piece of the driver line up jigsaw is complete, a full list of driver salaries has been revealed.

It is no surprise that Hamilton is the top earner, having signed his one year deal for £40 million. This bumper salary includes performance bonuses and sponsorship money. His salary also includes a charitable donation to help increase diversity in Formula One.

Red Bull driver Max Verstappen is the next highest earner, with £18.2 million a year until his contract expires in 2023 which is less than 50% of what Hamilton will earn. Ferrari driver Charles Leclerc and Aussie Daniel Ricciardo will earn £10.19 million each, while Carlos Sainz and Sebastian Vettel, who join Ferrari and Aston Martin respectively this year, will rake in £7.28 million each.

Fernando Alonso, who returns to the sport after having a two year break, will earn £6.55m with Alpine F1, while Hamilton’s team mate, Valtteri Bottas will earn just under 15% of his £40 million salary, bringing in £5.82m. Sergio Perez who takes the Red Bull seat vacated by Alex Albon at the end of last year, signed a deal with the Milton Keynes outfit for £4.37m, and Kimi Raikkonen continues at Alfa Romeo earning £3.64m.

Williams are paying their drivers an even salary this year, with both George Russell and Nicholas Latifi taking home £700k each. However, the salaries of both Haas drivers, Mick Schumacher and Car #9 have not been confirmed. They are both rumoured to be earning the same salary between £500k and £1m.

 

Formula 1 Driver Salaries 2021

No. Driver Team Salary Expiry (*with option)
1 Lewis Hamilton Mercedes £40m 2021
2 Max Verstappen Red Bull £18.2m 2023
3 Charles Leclerc Ferrari £10.19m 2024
Daniel Ricciardo McLaren £10.19m 2022*
5 Carlos Sainz Ferrari £7.28m 2022*
Sebastian Vettel Aston Martin £7.28m 2021*
7 Fernando Alonso Alpine F1 £6.55m 2022
8 Valtteri Bottas Mercedes £5.82m 2021
9 Sergio Perez Red Bull £4.37m 2021
10 Kimi Raikkonen Alfa Romeo £3.64m 2021
11 Esteban Ocon Alpine F1 £3.4m 2021
12 Lando Norris McLaren £1.4m 2021*
Pierre Gasly Alpha Tauri £1.4m 2021*
Lance Stroll Aston Martin £1.4m open
15 George Russell Williams £700k 2021
Nicholas Latifi Williams £700k 2021
17 Antonio Giovinazzi Alfa Romeo £500k 2021*
18 Mick Schumacher Haas unknown (rumoured to be £500k-£1m) 2021
Car #9 Haas unknown (rumoured to be £500k-£1m) 2021
20 Yuki Tsunoda AlphaTauri unknown (rumoured to be £250k-£1m) 2021

(All the figures include driver performance bonuses and personal sponsors.)

Image Credit: Getty Images/formulaone.com

Your email address will not be published. Required fields are marked *

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.

Back to the top