Home

Daniel Ricciardo Set to Earn a Whopping $13 Million More Than Ferrari’s Charles Leclerc Despite Being Red Bull’s Reserve Driver

Published 12/27/2022, 2:29 PM EST

After a topsy-turvy couple of seasons with McLaren, Daniel Ricciardo will finally have some respite. Respite from the stressful life of a Formula 1 driver as he will witness most races from his third driver’s chair. However, the Australian has played a masterstroke in wealth accumulation. Ricciardo will astonishingly earn more than he has ever done in his 12-year-long F1 career. To put things in perspective, Ricciardo will earn $13 million more than Charles Leclerc.

We are not talking about Ricciardo’s entrepreneurial prowess. We are all aware of Honey Badger’s many business affiliations and the RIC3 brand. The Australian will make more money than he has ever made in Formula 1 without the various businesses. How? Let us tell you how!

Article continues below this ad

The Australian will earn a total of $23 million in wages in the 2023 calendar year. The majority of the chunk will come out of his former team McLaren’s pockets. His current team will contribute a small chunk of the 23 million dollar payout as well. Let us give you the breakup.

The Australian is entitled to a massive $21 million from McLaren because of his early contract termination. According to Business Book GP and as reported by Sportune, the team will pay Ricciardo’s annual salary for 2023. The team will in fact pay $20 million in annual salary and an additional million dollars for his troubles.

Ricciardo is on Red Bull’s expense list for the remaining $2 million dollars.

Daniel Ricciardo Makes ‘Shoey’ More Classy as He Joins the Likes of LeBron James & Conor McGregor With New Alchohol Brand

However, the Australian is paid under the team’s ambassador role and not the third driver role. Safe to assume that has something to do with the budget cap.

Now that we’ve covered F1, let’s look at his other sources of revenue.

Daniel Ricciardo has multiple projects lined up for 2023

Article continues below this ad

The Australian is making all the right money moves. We are all aware of his St. Hugo collaboration and the RIC3 brand. However, Ricciardo has a long list of endorsements as well.

Ricciardo signed a two-year contract with the telecommunications company, SingTel Optus, in 2020. Despite the uncertainty, the company renewed the contract for a further two years. Ricciardo is also a brand ambassador and for popular companies like GoPro and Beats By Dr. Dre.

Article continues below this ad

WATCH THIS STORY: Daniel Ricciardo’s Best Moments in F1

With his biggest F1 payout coming in soon, Ricciardo will be swimming in cash in 2023.

SHARE THIS ARTICLE :

Written by:

Mahim Suhalka is an F1 Author at EssentiallySports. This Sports Management post-graduate is an ardent supporter of the Mercedes AMG Petronas F1 team and their lead driver, Lewis Hamilton. The fact that Lewis dominated one of the most expensive sports in the world for all these years, despite his humble beginnings, has been a huge inspiration for Mahim and has made him a tenured fan of the competitive sport itself.

Edited by:

Vineet Nandwana

Daniel Ricciardo Set to Earn a Whopping $13 Million More Than Ferrari’s Charles Leclerc Despite Being Red Bull’s Reserve Driver

Daniel Ricciardo has multiple projects lined up for 2023

Trending

“Uncle” Lando Norris Shares Heartwarming Moment With Max Verstappen’s GF’s Daughter Penelope

Bad News for Carlos Sainz as Audi Boss Delivers Disappointing News for 2025 Car

Adrian Newey’s Manager Reveals Shocking Retirement Plan After Red Bull Exit

Lando Norris Faces Brutal Injury After Party With Martin Garrix Goes Wrong Ahead of Miami GP

Italian Media Confirm Adrian Newey’s Arrival at Ferrari After Frederic Vasseur’s Private Meeting Gets the Lewis Hamilton Boost