F1 is a highly demanding sport and thousands of individuals fight for the 20 seats on the grid. Therefore, the grid showcases some of the best drivers around the world. As is to be expected, the best in the business also pocket huge salaries through the season.
The Business Book GP published the ranking of Formula 1 drivers’ salaries this season. The added salaries of all the drivers on the grid come down to a total of $163.5 million.
The seven-time world champion, Lewis Hamilton, is also the highest-paid driver at the paddock and pockets a salary of $47 million. Hamilton accounts for 28.75% of the total grid’s pay alone. Meanwhile, Alfa Romeo’s Antonio Giovinazzi ranks at the bottom of the list with a salary of $500,000.
It is undisputed that Lewis Hamilton ranks number 1 by a large margin on this table as well. Reportedly, he is also the biggest earner per sponsored post, earning around €57, 820 per paid post.
According to the report, “this season’s ranking there are two aspects to consider, namely the exclusion from the figures of the bonus prizes (especially important for the drivers with the lowest salaries).
Sebastian Vettel follows Hamilton’s $47 million with a total salary of $35 million. The four-time world champion is the second-highest earner on the grid, with Daniel Ricciardo being the third-highest earner as Renault pays him $20 million.
Here’s a list of the 2020 grid’s salary table:
It is expected that Charles Leclerc and Valtteri Bottas will enjoy considerable growth in their 2021 salaries. The younger drivers get paid significantly less. However, their contract provides them with substantial performance-based bonuses. Pierre Gasly is reported to earn a bonus double his base salary after his first Grand Prix win this season.