How Much Money Do Formula 1 Drivers Make? 2024 Salaries Revealed!

F1 drivers are the best of the best when it comes to single seater motor racing!

Those who make into Formula 1 are at the top of their game and their salaries tend to reflect that.

Top drivers in the sport include those like three-time champion Max Verstappen, the man who’s challenging his 2024 lead Lando Norris, and seven-time champ Lewis Hamilton!

These guys often earn the most thanks to their success on the track and their ability to amass sponsors and fans. Their performance, experience, and marketability, are important factors as well.

Driver salaries in F1 are typically negotiated between the driver and their team, with many contracts lasting multiple years.

On top of a base salary, drivers may also receive bonuses for podium finishes or championship wins, as well as incentives for attracting sponsors or improving the team’s performance.

Exact details of driver contracts are often kept confidential, but a report has revealed how much the top drivers are actually making this season.

Browse through the slideshow to find out who the top earning F1 driver is this season…