From Lewis Hamilton to Max Verstappen, passing by Charles Leclerc, Fernando Alonso, and some surprises: right here’s the rating of Method 1 drivers’ salaries within the 2024 season.
Quick, beloved, and… well-paid. As custom, on the finish of the 2024 season, the listing of the highest-paid Method 1 drivers has been revealed, with knowledge from the authoritative American financial journal Forbes. This multimillion-dollar rating options essentially the most outstanding drivers of the 2024 season, with a number of surprises.
Listed here are the ten highest-paid Method 1 drivers in 2024:
tenth place – Pierre Gasly, Alpine ($12 million wage)
The 28-year-old French driver, a veteran of Method 1 since 2017, was one of many surprises of the yr. Quick, constant, and stable, he scored 42 factors with an uncompetitive Alpine, ending tenth within the 2024 Drivers’ Championship. The identical place he holds within the highest-paid listing, with a $12 million wage, together with $10 million base wage and $2 million in bonuses. A well-deserved wage, not just for his outcomes but in addition for his warning on monitor, as he’s the one driver to not have brought on any harm to the workforce. Chapeau!
ninth place – Carlos Sainz, Ferrari ($19 million wage)
Carlos Sainz had a bittersweet 2024, beginning with the information of his dismissal from Ferrari to make means for Lewis Hamilton, however incomes two wins (in Australia and Mexico) and a number of other podiums, which in the end secured him fifth place within the Drivers’ Championship. The Spaniard, who will race for Williams in 2025, leaves Maranello with many good reminiscences and a $19 million paycheck for the season, break up between $10 million in wage and $9 million in bonuses.
eighth place – Sergio Perez, Purple Bull ($19.5 million wage)
In eighth place within the highest-paid rating is Purple Bull’s Mexican driver. Perez had a powerful begin to the season, securing 4 podiums within the first 5 races, however then misplaced pace and consistency, with incidents and poor performances within the second half of the season. As of now, his future at Purple Bull is unsure. Regardless of this, Perez, who brings a few of the workforce’s richest sponsors, earned $19.5 million this yr ($12 million base wage and $7.5 million in bonuses).
seventh place – Oscar Piastri, McLaren ($22 million wage)
Among the many youngest drivers, Oscar Piastri is by far the best paid, with a $22 million wage. The 23-year-old Australian McLaren driver, in his second Method 1 season, shocked everybody together with his composure and consistency, securing two wins in Hungary and Azerbaijan. His wage breakdown revealed by Forbes reveals that solely $5 million was his base wage, whereas the remaining $17 million got here from bonuses. Now, past his earnings, Piastri appears decided to do even higher and combat for the 2025 World Championship.
sixth place – George Russell, Mercedes ($23 million wage)
For 26-year-old George Russell, 2024 was a season of ups and downs, with two wins but in addition many troublesome races, as Mercedes was inconsistent when it comes to competitiveness. Finally, Russell completed the season forward of teammate Lewis Hamilton within the factors standings, with the duty of changing into the brand new workforce chief when Hamilton leaves the Silver Arrows to make room for younger Andrea Kimi Antonelli. Financially, Russell ranked sixth among the many highest-paid drivers, with $23 million in whole, together with $8 million in bonuses.
fifth place – Charles Leclerc, Ferrari ($27 million wage)
Charles Leclerc, Ferrari’s consultant, ranked within the prime 5 highest-paid drivers of 2024. This yr, he had his most profitable season when it comes to wins, claiming three victories, together with one in Monaco and one in Monza, the place he loved an unforgettable crowd celebration with Ferrari followers. Though by no means in competition for the World Championship as a consequence of Ferrari’s lack of competitiveness, he fought till the top of the season for the vice-champion title, in the end ending third, behind Verstappen and Norris. In 2025, Leclerc could have a seven-time World Champion, Hamilton, as his teammate and might want to give his finest to keep up his place as Ferrari’s workforce chief. For now, he receives $27 million from Maranello, together with $15 million in base wage and $12 million in bonuses.
4th place – Fernando Alonso, Aston Martin ($27.5 million wage)
Fernando Alonso’s 2024 was actually not a yr to recollect, with solely 70 factors in 24 races, which earned him ninth place within the standings, forward of Pierre Gasly. These disappointing outcomes, particularly in comparison with his 2023 efficiency (4th with 206 factors), are considerably softened by one of many highest salaries in Method 1: $27.5 million, with $3.5 million in bonuses and $24 million in base wage. This determine demonstrates how a lot the two-time World Champion, with Renault in 2005 and 2006, is valued by his Aston Martin boss, Lawrence Stroll. Now, Alonso is eagerly awaiting 2026, when he’ll lastly drive a automobile completely designed by Adrian Newey.
third place – Lando Norris, McLaren ($35 million wage)
After the 2023 Saudi Arabian Grand Prix, when McLaren was final within the standings with zero factors, nobody may have imagined the workforce’s meteoric rise over the subsequent two years. Right now, McLaren stands on the prime of the world, having simply received the Constructors’ Championship, with plans to combat for the Drivers’ Title in 2025. Lando Norris, regardless of some very unfavourable moments, proved to be the actual chief of the British workforce in 2024. He finishes the season with elevated consciousness, some regrets, and the title of Vice-Champion, in addition to $35 million in earnings, of which $23 million had been from bonuses.
2nd place – Lewis Hamilton, Mercedes ($57 million wage)
Lewis Hamilton’s 2024 was a yr of separation from Mercedes. Introduced as Ferrari’s future driver in the beginning of the yr, Hamilton had a very troublesome season, typically uncomfortable together with his automobile and struggling within the decrease ranks as a consequence of subpar qualifying performances. Finally, Hamilton bid farewell to Mercedes with two wins, at Silverstone and Spa, and an unbelievable overtaking on Russell within the closing race in Abu Dhabi, the place he made a exceptional comeback. Regardless of ending seventh within the Drivers’ Championship, Hamilton ranks 2nd within the highest-paid listing, with $57 million in earnings, together with $55 million in base wage. Hamilton represents a worthwhile “model” for Mercedes, and his wage is well-justified by the immense variety of sponsors and media protection he has dropped at the workforce, which he’ll now take to Ferrari.
1st place – Max Verstappen, Purple Bull ($75 million wage)
In 1st place, there may solely be him, the dominant determine of contemporary Method 1. Freshly topped World Champion for the fourth time, Verstappen received 9 races this yr, securing the title with two races to spare, although he confronted extra challenges than the earlier yr when he virtually raced alone for your entire season. Regardless of Purple Bull’s struggles early within the yr with the lack of key figures (together with Adrian Newey), Verstappen managed to restrict the harm in the course of the season when his automobile wasn’t aggressive, earlier than returning to dominate when circumstances improved. In latest months, the Dutchman overtly clashed with the FIA, even receiving a penalty to serve neighborhood service in Rwanda. These conditions appear to have had no influence on Verstappen’s confidence, as he prepares for fatherhood and an excellent harder battle in 2025 to stay on the prime. In the meantime, he welcomes the most important wage in F1 historical past: $75 million, together with $60 million in base wage and $15 million in bonuses. Champion in earnings as properly.
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