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Staggering Salaries Unveiled: F1’s Hamilton and Verstappen Earn Millions – Who’s on Top?

David Castro by David Castro
May 22, 2025
in Motorsports
Reading Time: 2 mins read
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Staggering Salaries Unveiled: F1’s Hamilton and Verstappen Earn Millions – Who’s on Top?

IMOLA, ITALY - MAY 18: Race winner Max Verstappen of the Netherlands and Oracle Red Bull Racing celebrates in parc ferme during the F1 Grand Prix of Emilia-Romagna at Autodromo Internazionale Enzo e Dino Ferrari on May 18, 2025 in Imola, Italy. (Photo by Mark Thompson/Getty Images) // Getty Images / Red Bull Content Pool // SI202505196850 // Usage for editorial use only //

Unveiling the Jaw-Dropping Salaries of Racing’s Elite: F1, IndyCar, and NASCAR Stars’ Paychecks Exposed!

The world of motorsports is not only about speed and adrenaline but also about hefty paychecks that make heads turn. While Formula 1 drivers often steal the spotlight with their courage, skill, and opulent lifestyles, let’s not forget about the drivers in NASCAR and IndyCar who also command respect and impressive salaries. Today, we delve into the realm of driver salaries across these three prestigious racing series.

Formula 1, the epitome of motorsport glamour, boasts an average salary of $16.55 million (£12.33m) for its drivers, making them the highest-paid athletes in the world of racing. However, this average is significantly inflated by the jaw-dropping earnings of the top performers in the sport.

Leading the pack in terms of earnings is Max Verstappen, with a staggering base salary of $60 million in 2024, supplemented by $15 million in bonuses. Not far behind is the legendary Lewis Hamilton, raking in a $55 million base salary from Ferrari, along with $2 million in bonuses. These figures not only showcase the financial rewards in F1 but also highlight the immense value placed on top-tier talent in the sport.

In contrast, drivers in the middle tier, such as Lando Norris and Oscar Piastri from McLaren, earn more modest base salaries of $12 million and $5 million, respectively. However, their exceptional performance on the track has seen their earnings skyrocket through lucrative bonuses, demonstrating the direct correlation between success and financial rewards in the world of racing.

At the lower end of the spectrum, drivers like Jack Doohan and Isack Hadjar are reported to be earning between $500,000 to $1 million. It is worth noting that Doohan has been replaced by Franco Colapinto, indicating the dynamic nature of driver line-ups in these high-stakes racing series.

As Forbes sheds light on the 2024 driver earnings and speculations arise regarding potential salary increases heading into the 2025 F1 season, one thing is clear – the world of motorsports is not just about glory on the track but also about the lucrative paydays that come with it. The salaries of F1, IndyCar, and NASCAR drivers offer a glimpse into the financial rewards that await those who dare to push the boundaries of speed and skill in pursuit of victory.

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