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Formula 1 Drivers Salaries | Contracts | How Much Race Bonus awarded to the Drivers Per Race?

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Formula 1 Drivers Salaries

FIA Formula One World Championship, season 2023 confirmed. There will be 23 grand prix adjusted for the upcoming F1 season. Bahrain will host the first grand prix of the season on 5th March and the final grand prix of the season held on 26 November 2023. The teams of F1 2023, season has announced their drivers list. Sebastian Vettel retired after the final race of year 2022. Fernando Alonso signed new contract with team of Aston Martin-Mercedes and replaced (Vettel) for 2023 season. Formula 1 drivers salaries for 2023 season reported.

DriversBase SalaryWage Per RaceTeamContract
Lewis Hamilton$40 million$1.8 millionMercedes2023
Max Verstappen$30 million$1.3 millionRed Bull Racing2023
Charles Leclerc$10 million$454kFerrari2024
Valtteri Bottas$12 million$545kAlfa Romeo-Ferrari2023
Fernando Alonso$22 million$1 millionAston Martin-Mercedes2023
Zhou Guanyu$500k$22kAlfa Romeo-Ferrari2023
Nyck de Vries$300k$14kAlphaTauri-Red Bull2024
Yuki Tsunoda$500k$22kAlphaTauri-Red Bull2023
Esteban Ocon$2.5 million$113kAlpine-Renault2023
Peirre Gasly$1.5 million$68kAlpine-Renault2023
Lance Stroll$2 million$90kAston Martin-Mercedes2023
Carlos Sainz Jr$8 million$363kFerrari2024
Nico H├╝lkenberg$7 million$325kHaas-Ferrari2023
Kevin Magnussen$3 million$136kHaas-Ferrari2023
Oscar Piastri$500k$22kMcLaren-Mercedes2026
Lando Norris$2.5 million$113kMcLaren-Mercedes2025
George Russell$12 million$550kMercedes2024
Sergio Perez$10 million$450kRed Bull Racing2024
Alex Albon$1 million$60kWilliams-Mercedes2024
Logan Sargeant$400k$17kWilliams-Mercedes2024
  • Sebastian Vettel retire from the formula 1 last year in 2022
  • Daniel Ricciardo ended his contract which will be completed in 2023, before the date in 2022 with mutual-understanding.
  • Nicholas Latifi left the Williams after three season will be looking for a new F1 team in 2023.
  • Mick Schumacher leaves Haas F1 after two season deal

Who is the Top Paid Driver in Season 2023?

Lewis Hamilton retain the top spot in the highest paid drivers list. He hold contract with Mercedes F1 worth $40m a year which means per race in 2023, Hamilton earn $1.8m. Max Verstappen hold contract with Red Bull Racing until 2023, which will be completed after this season, he is currently on package of $25m a year.

Who are the new Drivers In Season 2023 Spotlight?

Logan Sargeant and Nyck de Vries both have been active since year 2022, however non of these two drivers yet competed in the race since signing with their respective teams. Since some drivers ended their contract, there is chance both can have more time in the grand prix this season.

Further details regarding Formula 1 drivers salaries for the year 2023, updated later if any driver signed new contract during the season or extended his current contract with F1 team.