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

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

Info

What: 11th edition of the Mubadala World Tennis Championship

When: December 27-29, 2018

Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams

Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823

JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

'Ashkal'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Youssef%20Chebbi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Fatma%20Oussaifi%20and%20Mohamed%20Houcine%20Grayaa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

21 Lessons for the 21st Century

Yuval Noah Harari, Jonathan Cape
 

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

ODI FIXTURE SCHEDULE

First ODI, October 22
Wankhede Stadium, Mumbai

Second ODI, October 25
Maharashtra Cricket Association Stadium, Pune

Third ODI, October 29
Venue TBC

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Updated: January 27, 2023, 4:39 AM