F1 Driver Salaries 2023 – Who Is the Highest and Lowest Paid Racer within the Grid This Season?

It’s no main secret that Formula One is a profitable enterprise, with groups spending thousands and thousands researching and growing the automobiles they may subject on the observe every season.

Of course, apart from the automotive itself, groups additionally make investments closely within the drivers who will function the equipment. After all, it might be as much as them to extract the total functionality of the automotive.

With that stated, who’re the very best and lowest-paid drivers in Formula 1 for the 2023 season?

The highest-paid F1 drivers

Unsurprisingly, the highest-paid driver on the grid is reigning world champion Max Verstappen of Red Bull, incomes $55 million from the vitality drink firm this yr, in response to Racing News 365.

The 25-year-old has received the final two Drivers’ titles and is cruising towards his third championship in a row in 2023 amid a extremely dominant season for the Dutchman.

Next to him is the motive force who’s tied for many world championships in F1 historical past – Lewis Hamilton of Mercedes. 

The British racer will earn $35 million this season, however the quantity is ready to be on par with Verstappen subsequent season after he signed a brand new contract extension with the Brackley-based outfit that can see him race into his 40s.

Scuderia Ferrari’s Charles Leclerc is third on the listing with a $24 million wage for 2023, whereas McLaren’s Lando Norris is subsequent with a beneficiant $20 million compensation.

Leclerc’s teammate Carlos Sainz Jr. rounds up the highest 5, incomes a $12 million wage this yr.

Read extra: McLaren’s Lando Norris Open to Team up With Reigning Champion Max Verstappen within the Future 

The lowest-paid F1 drivers

The drivers who occupy the decrease echelon within the earnings listing are largely rookies or those that drive the worst automobiles on the grid.

AlphaTauri’s Yuki Tsuonda and Williams Racing’s Logan Sargeant are the lowest-paid drivers on the grid this season, incomes $1 million, in response to USA TODAY.

Tsunoda is already in his third yr in F1, however AlphaTauri’s automotive is without doubt one of the worst automobiles within the collection, with the group useless final on the constructors’ standings.

However, the Japanese’s compensation for this season is already an enchancment in comparison with his $750,000 wage in 2022 and $500,000 throughout his rookie yr in 2021.

Meanwhile, Sargeant is on his debut season for Williams, and his pay is now double what Tsunoda made throughout his rookie yr.

The American has failed to attain a single level for Williams in his first 14 races on the earth’s premier racing collection.

The full listing

Max Verstappen (Red Bull) – $55 million

Lewis Hamilton (Mercedes) – $35 million 

Charles Leclerc (Ferrari) – $24 million 

Lando Norris (McLaren) – $20 million 

Carlos Sainz (Ferrari) – $12 million 

Sergio Perez (Red Bull) – $10 million 

Valtteri Bottas (Alfa Romeo) – $10 million 

George Russell (Mercedes) – $8 million 

Esteban Ocon (Alpine) – $6 million 

Fernando Alonso (Aston Martin) – $5 million

Pierre Gasly (Alpine) – $5 million 

Kevin Magnussen (Haas) – $5 million 

Alex Albon (Williams) – $3 million 

Lance Stroll (Aston Martin) – $2 million 

Nico Hulkenberg (Haas) – $2 million 

Nyck De Vries (AlphaTauri) – $2 million 

Zhou Guanyu (Alfa Romeo) – $2 million 

Oscar Piastri (McLaren) – $2 million 

Yuki Tsunoda (AlphaTauri) – $1 million 

Sargeant (Williams) – $1 million 

Related Article: Alpine F1 Team Ditches Five-Year Plan After Failing to Meet Progress Timeline Since Rebrand  

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