F1 2025 Driver Salaries: Highest-Paid Formula 1 Drivers
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Discover the F1 2025 driver salaries, including the highest-paid drivers like Max Verstappen, Lewis Hamilton, and Lando Norris. Learn how salaries and bonuses make Formula 1 a lucrative career.
Introduction to Formula 1 Driver Salaries
Formula 1 drivers rank among the highest-paid athletes globally. With the F1 2025 season underway, salaries and bonuses for drivers reflect the immense skill and dedication required to succeed in the sport.
Driver earnings are not limited to base salaries. Bonuses for race finishes, championship standings, and team contributions in the Constructors’ Championship add significant value, making F1 a highly lucrative career for top performers.
Who Are the Highest-Paid Drivers in Formula 1?
According to Forbes, Red Bull's Max Verstappen topped the earnings chart in 2024 with a reported $60 million base salary and $15 million in bonuses. He remains the highest-paid driver in 2025, with a reported total of $75 million.
Seven-time World Champion Lewis Hamilton ranks second, earning a $55 million base salary and $2 million in bonuses in 2024. In 2025, his move to Ferrari sees his salary rise to $57 million.
Other notable earners include Lando Norris, whose exceptional performance in 2024 reportedly boosted his $12 million base salary to $35 million, and Fernando Alonso, who earned $27.5 million in 2024 with Aston Martin.
Do F1 Driver Salaries Fall Under the Budget Cap?
No, driver salaries are excluded from Formula 1’s budget cap. Teams can pay drivers and their top three staff members outside the annual spending limits, allowing flexibility in rewarding talent.
Rookies and Lower-Paid Drivers
Rookie drivers entering Formula 1 typically earn lower salaries as they establish themselves. Sponsorship deals often supplement their income, which may lead to a lower base salary from their teams.
The F1 2025 grid welcomes five rookies: Kimi Antonelli, Oliver Bearman, Gabriel Bortoleto, Jack Doohan, and Isack Hadjar. Early salary figures for these drivers remain undisclosed.
Reported F1 2025 Driver Salaries
Below is a list of reported 2025 driver salaries based on combined 2024 earnings and media estimates:
- Max Verstappen (Red Bull): $75 million
- Lewis Hamilton (Ferrari): $57 million
- Lando Norris (McLaren): $35 million
- Fernando Alonso (Aston Martin): $27.5 million
- Charles Leclerc (Ferrari): $27 million
- George Russell (Mercedes): $23 million
- Oscar Piastri (McLaren): $22 million
- Carlos Sainz (Williams): $19 million
- Pierre Gasly (Alpine): $12 million
- Esteban Ocon (Haas): $6 million
- Nico Hulkenberg (Sauber): $5 million
- Alex Albon (Williams): $3 million
- Lance Stroll (Aston Martin): $3 million
- Liam Lawson (Red Bull): $3 million
- Yuki Tsunoda (Racing Bulls): $3 million
- Kimi Antonelli (Mercedes): Unknown
- Oliver Bearman (Haas): Unknown
- Gabriel Bortoleto (Sauber): Unknown
- Jack Doohan (Alpine): Unknown
- Isack Hadjar (Racing Bulls): Unknown
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