This was enough to convince the Iceman to head to the team, as he’d also been in talks with Williams. Lotus offered Kimi a whopping €50,000-per-point bonus as part of a sweet two-year deal. They’d finished a lowly 10 th place the previous two seasons, and had a plan to coax the 2009 world champion into their seat. The complicated world of motorsport contracts means that performance-based bonuses can determine a significant portion of the final wage.įor instance, Kimi Raikkonen made a surprise return to Formula 1 in 2012 when he joined a fledgling Lotus team.
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While we have no doubt the base salaries of F1 drivers could more than enough for some to live for a lifetime, they only paint part of the picture. Book your 2023 F1 tickets now! How much Formula 1 drivers are paid in 2022 Why F1 driver salaries depend on their bonuses Only 20 drivers reach the top of motorsport, and despite how good a car might be mechanically, it is the person behind the wheel that can really make the difference.īut how much do F1 drivers really earn? In this article, we’ll explore how much we think Formula 1 drivers make, how they make their money, and who the richest drivers in history are. And as you would expect, this is reflected in F1 driver salaries. With some of the biggest car brands in the world competing with lucrative brand deals, the money involved in the pinnacle of racing is dizzying. It’s no secret that Formula 1 is a money-spinning sport. The F1 wage payers are often reluctant to reveal the official figures, and then there is sponsorship to factor in. How much F1 drivers earn is a complicated question to answer. Find out how much F1 driver salaries are worth, including how much Lewis Hamilton, Max Verstappen and Lando Norris are paid.
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