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The 10 Highest-Paid Formula 1 Drivers For 2023

  • Red Bull Racing’s Max Verstappen tops the list with $70 million in on-track earnings after the most dominant season in Formula 1 history.
  • RBR is just one of four teams — along with Mercedes, Ferrari, and McLaren — to feature both of its drivers in the top 10 earners.
Red Bull Racing driver Max Verstappen of The Netherlands celebrates his victory of the Las Vegas Grand Prix at Las Vegas Strip Circuit.
Gary A. Vasquez-USA TODAY Sports

Max Verstappen recently capped off the most dominant season in Formula 1 history, setting the racing series records for most points and wins in a year — and he was paid handsomely for it.

The 26-year-old tops Forbes’ annual list of the highest-paid drivers in F1, taking in an estimated $70 million in salary and bonuses.

Verstappen’s Red Bull Racing teammate Sergio Pérez checks in at fourth on the list with $26 million in earnings. RBR is just one of four teams — along with Mercedes, Ferrari, and McLaren — to feature both of its drivers in the top 10 earners.

Veteran drivers Lewis Hamilton of Mercedes ($55M) and Fernando Alonso ($34M) — who checks in as Aston Martin’s only entry on the list — fill in the space between Verstappen and Pérez. Ferrari’s Charles Leclerc ($19M) rounds out the top five.

For winning the Constructors’ Championship, Red Bull took in an estimated $131 million, which will go a long way towards repeating as champions again and keeping their world-class driver happy.

Here is the full list of the top 10 highest-paid drivers in F1 for 2023, considering only on-track earnings through salary and bonuses.

RankDriverTeamNationalityEarnings
1Max VerstappenRed Bull RacingNetherlands$70 million
2Lewis HamiltonMercedesUnited Kingdom$55 million
3Fernando AlonsoAston MartinSpain$34 million
4Sergio PérezRed Bull RacingMexico$26 million
5Charles LeclercFerrariMonaco$19 million
6Lando NorrisMcLarenUnited Kingdom$15 million
7Carlos SainzFerrariSpain$14 million
8George RussellMercedesUnited Kingdom$9 million
9 (tie)Pierre GaslyAlpineFrance$8 million
Oscar PiastriMcLarenAustralia$8 million
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