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F1 Driver Salaries 2025: Max Verstappen and Lewis Hamilton Dominate Earnings as the Grid Shifts

Carl Harrison by Carl Harrison
February 19, 2025
in Motorsports
Reading Time: 4 mins read
0
David Coulthard Questions Lewis Hamilton’s Ferrari Move and declares Lewis Hamilton’s form ‘pretty worrying’ for Ferrari

As the 2025 Formula 1 season looms large, the spotlight isn’t just on the upcoming races – it’s also shining on the eye-watering salaries earned by the sport’s top drivers. With enormous deals and lucrative endorsements, the financial landscape of F1 has reached new heights, with the highest-paid drivers set to rake in tens of millions per year.

Max Verstappen leads the charge with an astonishing $65 million base salary from Red Bull, a testament to his unparalleled dominance in recent years. Hot on his heels is the seven-time World Champion, Lewis Hamilton, who makes $60 million in base salary from his high-profile move to Ferrari. However, with the addition of performance bonuses and extensive personal sponsorships, Hamilton’s total earnings could exceed $100 million, making him one of the highest-paid athletes in the world.

Verstappen and Hamilton: The Financial Titans of F1

Verstappen’s deal with Red Bull is the most lucrative in the sport, securing him a massive paycheck through 2028. The Dutchman’s status as one of the most marketable athletes in F1 has only amplified his financial power, bolstered by sponsorship deals with the likes of EA Sports, Heineken, and Viaplay. His earnings reflect not just his on-track success, but also his marketability, as he continues to dominate both in racing and off the track.

Meanwhile, Hamilton’s move to Ferrari has set the F1 world abuzz, and while his base salary is slightly lower than Verstappen’s, his earning potential remains astronomical. With his iconic status and high-profile partnerships, Hamilton’s endorsement deals—along with performance-related bonuses—make him a global icon both in and outside the sport. Ferrari’s gamble on Hamilton could pay off big, especially if he delivers the team its first title since 2008.

F1’s Rising Stars: Norris, Leclerc, and Alonso

Charles Leclerc, Ferrari’s second-highest earner, takes home $34 million a year, while Fernando Alonso, the two-time world champion with Aston Martin, secures a hefty $20 million salary, reflecting his continued star power and leadership within the team. Lando Norris, widely seen as a future title contender, also earns $20 million at McLaren, showing that the young stars of F1 are beginning to make a financial impact alongside their established peers.

Full Breakdown of F1 Driver Salaries 2025

Here’s the complete list of 2025 salaries for each F1 driver, based on their base salaries and contract lengths:

DriverTeamSalary ($M)Contract Length
Max VerstappenRed Bull652028
Lewis HamiltonFerrari602026*
Charles LeclercFerrari342028
Fernando AlonsoAston Martin202026*
Lando NorrisMcLaren202026*
George RussellMercedes152025
Carlos SainzWilliams102027
Pierre GaslyAlpine102026
Alexander AlbonWilliams82027
Nico HulkenbergSauber/Audi72027
Esteban OconHaas72027
Oscar PiastriMcLaren62026
Lance StrollAston Martin3Open
Gabriel BortolettoSauber/Audi22027
Yuki TsunodaRed Bull22025
Kimi AntonelliMercedes22025*
Oliver BearmanHaas12027
Liam LawsonRed Bull12026
Jack DoohanAlpine0.5-12026
Isack HadjarRed Bull0.5-12026

*Indicates options for contract extension.

The Financial Stakes of F1 in 2025

Formula 1 continues to be one of the highest-paying sports in the world, with top drivers enjoying multi-million-dollar contracts alongside sponsorships that make their earnings skyrocket. While Verstappen and Hamilton top the list, drivers like Norris and Piastri are securing lucrative deals that will likely see their salaries grow as they establish themselves as future stars.

As the 2025 season unfolds, the question remains: will these high-paid drivers justify their hefty salaries with the performances fans are expecting? Can Hamilton bring Ferrari back to the top? Will Verstappen extend his reign over the sport? With so much financial power at stake, the pressure is on for these drivers to perform on the track.

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