2024 F1 Driver Salary Leak

Complete Breakdown • Bonuses • Endorsements • Net Worth

$1.02 BILLION

Total combined driver salaries for 2024 season

The Complete 2024 F1 Salary List

🇳🇱 Max Verstappen (Red Bull)

3x World Champion • 57 wins

$70M + $25M bonuses

🇬🇧 Lewis Hamilton (Mercedes)

7x World Champion • 103 wins

$55M + $15M bonuses

🇪🇸 Fernando Alonso (Aston Martin)

2x World Champion • 32 wins

$34M + $10M bonuses

🇲🇨 Charles Leclerc (Ferrari)

5 wins • Ferrari's #1

$28M

🇬🇧 Lando Norris (McLaren)

1 win • McLaren's future

$20M

🇺🇸 Logan Sargeant (Williams)

Rookie • Pay driver

$1M

The Shocking Pay Gap Visualized

Logan Sargeant: $1M

Max Verstappen: $95M

95:1 ratio • Verstappen earns in 4 days what Sargeant earns all year

Lowest Paid

$1M

Logan Sargeant (Williams)

Actually pays $5M to Williams for his seat. Net loss of $4M.

Average

$12.5M

Median F1 Driver

After taxes: ≈$6M. After expenses: ≈$3M net.

Highest Paid

$95M

Max Verstappen (Red Bull)

$70M salary + $25M bonuses. Net after taxes: ≈$45M.

Verstappen's $25M Bonus Structure

World Championship win $10M

Each race win $500,000

Pole position $250,000

Fastest lap $100,000

Constructors' Championship $5M

Total potential: $25M+

Endorsement Deals & Side Income

Driver	Main Endorsements	Estimated Value	Net Worth
Lewis Hamilton	Tommy Hilfiger, Monster, Puma, IWC	$15M/year	$300M
Max Verstappen	Jumbo, CarNext, G-Star Raw	$8M/year	$90M
Charles Leclerc	Richard Mille, Armani, Ferrari	$6M/year	$50M
Daniel Ricciardo	GoPro, Optus, Tag Heuer	$4M/year	$50M

The F1 Driver Lifestyle Cost

Private Jet (NetJets membership):

$500,000 - $2M/year

Why they need jets: 24 races across 21 countries. Commercial flying isn't feasible with their schedule and security needs.

Other expenses:

Personal trainer & chef: $300,000/year
Security: $200,000/year
Taxes: 45-50% in most countries
Management fees: 10-20% of income

FAQs: F1 Driver Money Questions

Q: Who is the richest F1 driver?
A: Lewis Hamilton ($300M net worth). Michael Schumacher was worth $800M before his accident.

Q: Who is the lowest paid F1 driver?
A: Logan Sargeant ($1M, but actually pays for his seat). Real lowest is Zhou Guanyu ($2M).

Q: Is Charles Leclerc a millionaire?
A: Yes, net worth ≈$50M. Salary $28M + $6M endorsements.

Q: कौन सा F1 ड्राइवर सबसे अमीर है?
A: लुईस हैमिल्टन ($300M)। उनकी संपत्ति में टॉमी हिलफिगर का शेयर, कई संपत्तियाँ, और कलाकृतियाँ शामिल हैं।

Q: Which F1 driver's dad is a billionaire?
A: Lance Stroll's father (Lawrence Stroll) is worth $3.2B. Owns Aston Martin F1 team.

Q: Who grew up poor in F1?
A: Lewis Hamilton (father worked 3 jobs), Esteban Ocon (parents sold their house to fund his karting).

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Tax Reality: What Drivers Actually Take Home

Example: Max Verstappen's $95M income

Netherlands tax: 49.5% on first $75,000, then 52% → ≈$45M tax
Management fees: 15% → $14.25M
Expenses: $2M (jet, team, etc.)
Net take-home: ≈$33.75M

Comparison: If Verstappen lived in Monaco (0% income tax), he'd keep ≈$75M. That's why most F1 drivers live there.

"F1 salaries look huge until you realize: 50% goes to taxes, 15% to management, 10% to expenses. The driver keeps 25% if they're lucky. And their career lasts 5-10 years on average. That's why smart ones invest early."