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How Much an F1 Driver Really Earns (Verstappen, Hamilton, and the Grid)

By Montcleaf · Updated June 2026 · Source: Forbes, Bloomberg

How Much an F1 Driver Really Earns (Verstappen, Hamilton, and the Grid)
Featured image generated with AI for illustration.

The biggest base salary on the grid is $70 million. But the driver who earns the most isn't even the one with the highest salary — and the secret is off the track. We break down how much an F1 driver really earns, from #7 to #1. And the difference between the top and the bottom of the grid is absurd.

Driving a Formula 1 car is one of the highest-paid jobs on the planet. Only 20 people in the world have the privilege — and they earn like sports superstars. But here's the detail that confuses everyone: a driver's salary and what they actually earn are two very different things.

Lewis Hamilton has the biggest base salary on the grid, about $70 million. But the driver who earns the most overall is someone else. And the biggest earnings of all don't come from the track — they come from sponsorships and personal businesses.

Let's break down how much an F1 driver really earns, in 7 layers, from #7 to #1. And when you see the difference between the top and the bottom of the grid, you won't believe it.

The bottom of the grid: the rookies, $500k to $1 million

#7 — The bottom of the grid: the rookies, $500k to $1 million

Let's start at the base. At the bottom of the table are the rookie drivers, earning between $500,000 and $1 million a year — a fortune for any ordinary person, but crumbs in the world of F1.

These are names in their first or second year, like young Arvid Lindblad (18, the youngest on the grid). The logic is simple: experience is worth money, and newcomers still have to prove their value. But even that "floor" shows how well F1 pays — and the top is from another planet.

The next layer is the midfield, where most drivers are. 👇

The midfield: from $2 to 20 million

#6 — The midfield: from $2 to 20 million

Most drivers live in this huge range, from $2 to 20 million a year. It's the midfield pack — established drivers, but not the absolute superstars.

Names like Fernando Alonso (about $20M at Aston Martin) anchor the top of that range. This is where most of the grid sits: very well paid by the world's standard, but far from the three or four names that dominate the headlines. The distance between them and the top is what surprises.

The next layer is where the salary starts to get stratospheric.

Lando Norris: about $30 million

#5 — Lando Norris: about $30 million

The reigning world champion, Lando Norris, earns about $30 million a year at McLaren. But his salary tells only part of the story — and this is where "real earnings" come in.

Norris built Quadrant, his own media and gaming company, which generates income off the track. His net worth is already estimated between $40 and $50 million, at 26. He's the new generation of drivers who understand that the salary is just one of the sources — and maybe not even the biggest.

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