F1 salaries: who are the highest paid drivers in 2023?


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Formula One world champion Max Verstappen had a dream 2022 season, holding on to his crown with ease and races to spare.

While Charles Leclerc's challenge in his Ferrari looked serious early on, ultimately it was the Red Bull driver who slipped into another gear as he won the drivers' title by a massive 146 points from the Monegasque, with Sergio Perez back in third.

In contrast, seven-time champion Lewis Hamilton had a season to forget, finishing sixth in the standings without a Grand Prix win, and overshadowed by his Mercedes teammate George Russell, while both struggled with reliability issues.

Despite the disappointment, Hamilton spent 2022 as the best paid driver in Formula One — but has that salary league changed ahead of the first race of 2023, the Bahrain Grand Prix on March 5?

Above is a photo gallery of the drivers in Formula One and their annual salaries for the 2023 F1 season, according to spotrac, an online sports team and player contract website.

To move on to the next image, click on the arrows, or if you're using a mobile device, simply swipe.

Who is Formula One's highest paid driver?

Verstappen has been rewarded for winning the F1 world championship for the last two seasons, and in 2023 will earn a salary of $55 million, according to spotrac.com, taking him ahead of Hamilton for the first time.

The 20 F1 drivers and their salaries

1. Max Verstappen (Red Bull) $55 million

2. Lewis Hamilton (Mercedes) $35 million

3. Charles Leclerc (Ferrari) $24 million

4. Lando Norris (McLaren) $20 million

5. Carlos Sainz (Ferrari) $12 million

6= Sergio Perez (Red Bull) $10 million

6= Valtteri Bottas (Alfa Romeo) $10 million

8. George Russell (Mercedes) $8 million

9. Esteban Ocon (Alpine) $6 million

10= Kevin Magnussen (Haas) $5 million

10= Fernando Alonso (Aston Martin), $5 million

10= Pierre Gasly (Alpine) $5 million

13. Alexander Albon (Williams) $3 million

14= Oscar Piastri (McLaren) $2 million

14= Nico Hulkenberg (Haas) $2 million

14= Lance Stroll (Aston Martin) $2 million

14= Nyck de Vries (AlphaTauri) $2 million

14= Guanyu Zhou (Alfa Romeo) $2 million

19= Logan Sargeant (Williams) $1 million

19= Yuki Tsunoda (AlphaTauri) $1 million

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Always use only regulated platforms

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Courtesy: Crystal Intelligence

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Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

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Recycle Reuse Repurpose

New central waste facility on site at expo Dubai South area to  handle estimated 173 tonne of waste generated daily by millions of visitors

Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site

Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area

Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent  organic waste  and 13 per cent  general waste.

About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor

Recycling at Ras Al Khor unit:

Plastic items to be converted to plastic bags and recycled

Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays

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Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Updated: January 27, 2023, 4:39 AM`