Lewis Hamilton has the highest wages, earning $35,000,000 per year. And his price tag matched his celebrity. With 99 F1 starts to his name, he looked to have a long and successful career ahead of him before his 2011 Rallying accident. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. F1 driver salaries: How much do Formula 1 drivers earn in 2021? He earned around 1.4m last season but could have bagged improved terms thanks to his impressive showings. Browse FORMULA 1 2023 salaries, transactions and more. Currently competing in Formula E with Mercedes, Vandoorne has been an official reserve driver for the constructors champions since 2020. Claire Williams. There are only 20 full-time race seats. Ricciardo, a breakout star on the Netflix docuseries Drive to Survive, is reportedly working with Hulu to develop an F1-focused scripted series. In 2022, Liam Lawson, who currently competes in Formula 2, has been appointed as a Red Bull test driver. One of the top performers in 2020, Gasly became the first Frenchman to win a race since Olivier Panis in 1996 when he clinched victory at September's chaotic Italian Grand Prix. F1 quiz: Can you name the 2023 F1 circuits by their layouts. The cookie is used to store the user consent for the cookies in the category "Analytics". Oscar Piastri, right, a reserve driver for Alpine, with a fan in April in Australia. It must be really bad luck if one of them couldnt drive but Id step in.. The latter was promoted to Mercedes for a single race after Lewis Hamilton tested positive for COVID-19. Industry insiders expect the search for a competitive advantage within the new model will send driver pay soaring over the next few years. Lewis Hamilton is up next, with the seven-time World Champion aiming to wrest away the title from Verstappen and claim a record-breaking eighth world title. These cookies track visitors across websites and collect information to provide customized ads. Some salaries are estimates, based on a variety of sources, but we will update this piece once fresh information is confirmed surrounding each driver's annual pay packet. So later he decided to join the latter full time. De Vries is the 2019 Formula 2 champion, the reigning Formula E Champion, and was promoted to Mercedes Test and Reserve Driver in 2021. Behind the drivers is an unheralded, but important, role: the reserve drivers. This website uses cookies to improve your experience while you navigate through the website. They are the forgotten men of Formula One, consigned to live in the long shadows of the sports global superstars. These numbers, provided by Spotrac, are estimates as to what the drivers might be earning, and should be taken with a substantial pinch of salt. What Are F1 Reserve Drivers Waiting For? He was drafted as a substitute for Felipe Massa during the 2017 Hungarian Grand Prix weekend but has not raced in F1 since. They help us to know which pages are the most and least popular and see how visitors move around the site. The son of legendary driver Michael Schumacher, Mick proved his quality by winning the F2 championship last year. The Mexican favourite has previously driven for Sauber, McLaren, Force India and Racing Point. Necessary cookies are absolutely essential for the website to function properly. F1 reserve drivers do get paid. With some of the biggest car brands in the world competing with lucrative brand deals, the money involved in the pinnacle of racing is dizzying. I am very impatient, he recently told Motorsport.com. GigaKubica is I believe a net profit for Alfa Romeo through the Orlen sponsorship. I think a stint as a reserve driver is very important. Alongside him, Carlos Sainz will take home $12 million in 2023. However, the seat went to Kevin Magnussen. As a subscriber, you have 10 gift articles to give each month. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. B.V. Find out how much F1 driver salaries are worth, including how much Lewis Hamilton, Max Verstappen and Lando Norris are paid. The 21-year-old's bromance with Carlos Sainz Jr was key to helping McLaren to third in the constructors' championship but he faces a fresh challenge from new team-mate Daniel Ricciardo. Michael Schumacher is thought to be the highest-paid Formula 1 driver of all-time, as well as one of the highest-earning sportspeople ever. In all, Formula 1s ten highest-paid drivers are collecting an estimated $264 million, a 25% increase from 2021s projections, which were generated during the season. De Vries won Formula 2 in 2019 and Formula E in 2018, and in 2021, he got elevated to Mercedes Test and Backup Driver. However, they may also bring their own sponsors to the team, and these sponsors frequently also pay the drivers for doing any kind of PR work or attending sponsor events. That helped him finish above his legendary teammate Lewis Hamilton in the season-long standings, at No. This figure reduced to $140 in 2022, and will decrease further to $135m in 2023. If youre looking for something else to watch check out our TV Guide. He previously raced for the Alfa Romeo but lost his full-time seat at the end of the 2021 F1 season. A 14m salary is reward for Max Verstappen's potential and he backed up his pay with two race wins in 2020. A driver salary cap from 2023 has been floated to further rein in the spending but the majority of teams would not trouble the proposed upper limit of 22m. Kevin Magnussen (left) has taken a step back from race driver to reserve behind Fernando Alonso and Jenson Button at McLaren in 2015. I am thinking about how backup quarterbacks make a shit ton to do often very little, but Im guessing its probably not the same in F1 (even though having a driver available seems pretty crucial). The exact job depends on the team, but usually involves testing the car on the simulator, driving during testing and practices, and media and marketing duties. Replacement for a COVID-positive Sebastian Vettel in Bahrain this campaign. A string of retirements meant the 22-year-old could only finish 11th in last year's championship but he did score two podiums. I feel like having a year out Ive had more of a global view of what it takes to be a top-tier driver in the sense that I had the full picture sometimes in a race weekend or flat out in that zone you only see the racetrack, said Albon, who has since signed a multiyear Williams contract. And as you would expect, this is reflected in F1 driver salaries. Alexander Albon climbing out of his Williams car during practice for the Hungarian Grand Prix in July. It's entirely dependent on the individual deal, it probably varies massively across the grid. Reserve drivers in F1, also known as test drivers, are the third drivers in Formula 1 teams and they often take part in testing and do most of the simulator work. The 31-year-old is out of contract at the end of the season. I was so lucky to test for three greats in Senna, Prost and Mansell. The drivers could earn more if they are substituted in for one of the full-time drivers as contracts often have several bonuses attached and if the driver achieves a goal that has been agreed upon between them and the team (such as scoring points for example), they could be paid a bonus. For now, driver salaries are not included in the Formula 1 budget cap, meaning teams can spend as much as they like in order to attract the best drivers in the world. It doesnt hurt, and there were opportunities, otherwise I would have not raced a Formula 1 car since the end of 2019, he said. Of course, it is worth bearing in mind that these figures are not published by the teams, so its impossible to know the figures. Buemi has a great deal of experience, both in F1 and other FIA championships. Max Verstappen, Lewis Hamilton and Fernando Alonso. Lando Norris is also worth a mention here. Off-track compensation, including endorsements, is not included in this ranking. This was enough to convince the Iceman to head to the team, as hed also been in talks with Williams. Part of the Red Bull programme, the Japanese driver impressed on his way to third in F2 last season. After three days of preseason testing at the Bahrain International Circuit in late February, the season is set to begin in early March. Calculate how much you could release or request a free guide. When Kimi Raikkonen came back positive for COVID-19 in 2021, he covered for him at Monza and Zandvoort. He is followed by Max Verstappen with $25 million and Fernando Alonso with $20 million. Aitken will continue in this role for the 2022 season. If something happens to Nico or Lewis Ill be in the race car. but the salary for a reserve driver is not usually disclosed by the team however they may also have their own sponsors that they bring to the team, and these sponsors often also pay the drivers for doing any kind of PR work or attending sponsor events. How Lewis Hamiltons 2008 F1 Title is under threat. no yes/no or easily answerable questions), show reasonable input and effort from the OP. The lowest-paid driver in 2020, Alfa Romeo's Antonio Giovinazzi generally struggled in qualifying before making up places in the first lap on Sundays. Racing in Formula 1 means being part of an exclusive club. Heres what veterans and newcomers alike are expected to earn. Currently competing in Formula E with Mercedes, Vandoorne has been an official reserve driver for the constructors champions since 2020. The 31-year-old scored two podium places last season and is expected to perform well again for a team on the up. FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing When Williams reserve driver Jack Aitken took over for George Russell in the 2020 Sakhir Grand Prix. He made a stunning return in 2019. The King's Lynn ace is in the final year of his contract with Williams, who are hoping for a better year after failing to score last season. F1 driver numbers: Which numbers will the 20 F1 drivers be using in 2023? Reserve Drivers, to give them their official titles, are kept on speed dial or often at the circuit during a race weekend. Liam Lawson is a Red Bull Racing Test Driver and AlphaTauris test driver. In 2023, reigning World Champion Max Verstappen is set to receive the highest salary in the field, with the Dutch driver set to pocket a cool $55 million as he aims to claim his third consecutive title. After wowing as Lewis Hamilton's stand-in for the Sakhir Grand Prix, Russell has been heavily linked with a permanent drive for Mercedes amid doubts over the seven-time world champion's future. 2021 The SportsGrail, Sportsgrail Pvt Ltd All rights reserved. This cookie is set by GDPR Cookie Consent plugin. NYCK DE VRIES Partnering Vandoorne as the other reserve driver at Mercedes is Nyck de Vries. Planet Sport Limited 2023 All Rights Reserved. The Mercedes reserve driver pairing are also available to McLaren as part of an agreement between the two teams. It's likely to be another slog for the Italian team so Leclerc will have to be at the top of his game to improve on his two podium finishes last season. George Russell impressed in his debut season with Mercedes. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Find the full driver/team breakdown below: About Us Contact Us Privacy Policy Change Consent WebFORMULA 1 2023 Salaries Team/Drivers Rankings Transactions FORMULA 1: 2023 Team/Drivers Salaries Browse FORMULA 1 2023 salaries, transactions and more. Please contact the moderators of this subreddit if you have any questions or concerns. As you might expect, Lewis Hamilton is estimated to have the largest salary of the F1 drivers on the current grid. The two-time world champion is back in Formula 1 after a two-year absence. You also have the option to opt-out of these cookies. Ricciardo has reportedly taken a cut from his previous 16m salary to join McLaren, who finished third in the 2020 constructors' championship. Discovery Company. Verstappen, who signed a lucrative new contract before the season, finishes 2022 with 15 race winsincluding a victory in Sundays finale in Abu Dhabisetting an F1 record and piling up a 146-point lead in the driver standings. Have the new F1 regs actually improved racing? Most recently, he participated in the opening two events of 2022, after Sebastian Vettel contracted Covid-19. As a rising star in 2006, he was driving more than the main drivers during the era of unlimited testing, which was mega for a young driver, he said. Theyd finished a lowly 10th place the previous two seasons, and had a plan to coax the 2009 world champion into their seat. Click on the different category headings to find out more and change our default settings. Nico Hulkenberg, everyones favourite super substitute, is back for 2022 and already had a call-up! Last year it was a very different role, a lot about developing the car, seeing how the team operates.. Whenever he decides to walk away, he will have plenty to keep him busy. Fernando Alonso is estimated to be earning 15m for his comeback season with Alpine, who have rebranded from Renault. Max Verstappen already passed Lewis Hamilton on the track, winning last seasons Formula 1 drivers championship in a nail biter of a finale. Sebastien Buemi is the Test And Reserve Driver at Red Bull Racing in 2022 after Alex Albons departure from the team. One of the hottest prospects in the field, the Ferrari star earned a respectable eighth-place finish in 2020 despite driving a sub-par Ferrari car. CNN Sans & 2016 Cable News Network. The grandson of two-time F1 champion Emerson will continue in his reserve role for 2022. Stoffel has plenty of experience, with 41 F1 starts to his name with McLaren from 2016-2018. 2. These cookies are necessary for the website to function and cannot be switched off in our systems. Germany's Pascal Wehrlein is learning from the best after making the step up to reserve driver behind Lewis Hamilton and Nico Rosberg at Mercedes. Sainz wound up sinking to fifth in the driver standings, but his strong start to the season helped him secure a two-year contract extension in April, keeping him at Ferrari through 2024. Hes the founder of an off-road-racing team called X44 in the Extreme E series, he has a small stake in the NFLs Denver Broncos, and he recently launched a film and TV production company called Dawn Apollo Films. If one of the Ferrari drivers is unable to participate in a race weekend, the team will rely on a familiar face as their reserve driver; Antonio Giovinazzi, who has been a Ferrari reserve since 2017. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. From one side you know that there is this chance, because this is my position, but I never think about it because its a bit of an uncomfortable situation, Kubica said. but are not associated in any way with the Formula One group of companies. You have to be ready to step up and race the car, said Pietro Fittipaldi of Haas. F1 2021 salaries how much does every Formula 1 driver earn. Do they get paid a retainer and then additional if they end up racing? Racing in Formula 1 means being part of an exclusive club. RadioTimes.com examines the full F1 driver line-up 2021 to reveal which Formula 1 superstars earn the most ahead of the season opener in Bahrain on the 28th March. Lewis Hamilton signed new financially improved 2-year contract with Mercedes making him the highest paid F1 driver of all-times in 40million a year ($54m USD) contract which runs till end of 2023 season. Not all Formula One drivers are compensated equally, with salaries ranging from about $1 million to an impressive $55 million. At the opposite end of the spectrum, F1s least-experienced drivers are paid a paltry (by F1 standards) sum. He raced in the final two events of 2020 after Romain Grosjean was injured in an accident. For 2023, Hamilton is believed to be netting $35 million. Anyone can read what you share. You just soak absolutely everything up, said Coulthard, who said it was important for reserves to act like a sponge. Out of all the double-digit earners, the youngest is also yet to win his first F1 race: Lando Norris is on a reported $20 million salary at McLaren for 2023. The seven-time world champion featured in 8th on Forbes list of highest-paid athletes in 2021. Logan Sargeant is the lowest paid driver at just 810,000. But Kimi Raikkonen has a glittering CV which includes the 2007 world championship. Sept. 8, 2022. Mick Schumacher, who have moved up to the post for the 2022 Formula One season, is just a few houses away. F1, FORMULA ONE, FORMULA 1, FIA In 2017, Forbes published a list of all-time highest paid sportspeople. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. A man with a point to prove in 2021, Esteban Ocon was thoroughly outperformed by Ricciardo last season. Nico Hulkenberg, most notably, filled in for both Racing Point drivers when they tested positive for COVID-19 in 2020 and returned in Bahrain this year to cover for Sebastian Vettel at Aston Martin. He formerly raced with Alfa Romeo, but his full-time seat was taken away at the end of both the 2021 Formula One season. Buemi has extensive experience in Formula One and other FIA competitions. He hasnt won a race since 2019 but leaves the sport with 53 career victories, the third-best mark in history, after Lewis Hamilton (103) and Michael Schumacher (91). Di Resta had 59 starts to his name in F1 and has a history of stepping in for drivers at the last minute. Thank you for your cooperation and enjoy the discussion! Lewis Hamilton has indicated he expects to sign a new multi-year deal with Mercedes. Sergio Prez had a strong season with Red Bull Racing, but a kerfuffle with his teammate Max Verstappen in the penultimate race stole the attention. Robert Kubica is a well known and respected figure around the F1 paddock. Is the Mercedes F1 car faster than they say? He is about to enter his 19th season in F1 and is handsomely paid for his experience on and off the track. And there are 2014 racers who have been forced back to a reserve drivers role for next season, namely former Sauber racer Esteban Gutierrez at Ferrari and Kevin Magnussen, who stepped down out McLaren to make way for Alonso. Its difficult to compensate, but you have to do the best you can, learn step by step; car time is the most important so you can build up on it and get the confidence.. Opportunities for a young racer to show off his skills behind the wheel is, in reality, limited. This is likely due to him struggling to impress his Red Bull bosses, with Tsunoda only occasionally performing at the level expected of him at AlphaTauri. The way it worked with the junior drivers, and still does, is that they work closely with the team, he explained. FORMULA 1S HIGHEST-PAID DRIVERS FOR 2022. The Swiss driver has 55 F1 starts to his name from 2009 to 2011 with Toro Rosso, and since his time in F1 has won the World Endurance Championship twice and the Formula E Championship. The Dutch racing knows Stoffel well, as the two are currently teammates representing Mercedes in the all-electric Formula E championship. I am a bot, and this action was performed automatically. 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