2020 F1 Drivers’ Salaries Revealed: Hamilton, Vettel and Ricciardo Earn Big
Follow Us
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.
ADVERTISEMENT
Article continues below this ad
REVEALED: The Staggering Amount Lewis Hamilton Earns Through Instagram
Sebastian Vettel and Daniel Ricciardo complete the F1 earning podium
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).
ADVERTISEMENT
Article continues below this ad
Trending
Liam Lawson’s Surprise Contract Clause Threatens Daniel Ricciardo’s RB Seat
April 24, 2024 11:15 AM EDT
F1 Rumor: Adrian Newey to Join Ferrari, Leaving Red Bull Amid Christian Horner-Helmut Marko Fiasco
April 25, 2024 05:55 PM EDT
“[Charles] Leclerc Doesn’t Care About Ferrari”: F1 Insider’s Brutal Blow to Fred Vasseur & Co. Has Racing Community Lashing Out
April 24, 2024 05:00 PM EDT
What Is Azzurro La Plata and Azzurro Dino? Significance of Ferrari’s Historic Change to a Blue Livery for Miami GP
April 24, 2024 04:52 PM EDT
F1 Rumor: Oliver Bearman to Join Haas as Nico Hulkenberg Leaves Seat Empty to Join Kick Sauber Team
April 26, 2024 10:45 AM EDT
Get instantly notified of the hottest F1 stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
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:
ADVERTISEMENT
Article continues below this ad
- Lewis Hamilton, $47 million
- Sebastian Vettel, $35 million
- Daniel Ricciardo, $20 million
- Max Verstappen, $16 million
- Valtteri Bottas, $9 million
- Charles Leclerc, $9 million
- Kimi Raikkonen, $6 million
- Carlos Sainz, $4.5 million
- Sergio Perez, $4 million
- Esteban Ocon, $4 million
- Romain Grosjean, $2 million
- Kevin Magnussen, $2 million
- Alex Albon, $2 million
- Lando Norris, $1.5 million
- Lance Stroll, $1.5 million
- Pierre Gasly, $1 million
- Daniil Kvyat, $750,000
- George Russell, $750,000
- Nicholas Latifi, $750,000
- Antonio Giovinazzi, $500,000
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.