• Loading stock data...
Friday, July 26, 2024
Join us this September for Tuned In Request to Attend

Verstappen Formula 1’s Top Earner

  • Max Verstappen has topped Lewis Hamilton in one more category: salary.
  • Hamilton makes up the gap with endorsements.
Max Verstappen surrounded by photographers after winning Formula 1 race
Jerome Miron-USA TODAY Sports

Max Verstappen is Formula 1’s highest-paid driver — though rival Lewis Hamilton makes up the gap off the track.

Red Bull’s Verstappen, who wrapped up his second consecutive driver’s championship on Sunday, booked $60 million in 2022, with $20 million coming from bonuses, according to Forbes.

  • Mercedes’ Hamilton earned $55 million, all of which came from his regular salary with no bonus money.
  • Alpine’s Fernando Alonso brought in $30 million, despite a ninth-place finish in the standings, followed by Verstappen’s teammate Sergio Perez ($26 million, third place in standings), and Ferrari’s Charles Leclerc ($23 million, second place).
  • The biggest gap between teammates was between Hamilton and George Russell, who earned $10 million, including $7 million from bonuses, making him the 10th-highest paid driver. Russell finished fourth in the standings to Hamilton’s sixth.

Retiring legend Sebastian Vettel and Daniel Ricciardo, whose contract with McLaren is being terminated early, tied for sixth in earnings with $17 million. Ferrari’s Carlos Sainz, eighth with $15 million, and McLaren’s Lando Norris, $11 million, filled out the top 10.

Off the Grid

While Forbes’ tabulation only included salaries and bonuses from drivers’ F1 teams, Hamilton brings in an estimated $8 million through endorsements and investments. The revered driver’s deals include ones with IWC, Monster Energy, Puma, and, naturally, Mercedes-Benz.

He also owns a stake in the Denver Broncos and launched a film and TV production company called Dawn Apollo Films.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Is Red Bull’s Dynasty in Danger?

Max Verstappen and Red Bull are no longer in complete control.

Streaming’s Next Step: Amazon Acquires Rights to WNBA Finals

History could repeat itself when it comes to the move from cable to streaming.

Olympics: Despite Concerns, Star Athletes and Paris Spark Hope

Hope rises for a resurgent event after two pandemic-marred Olympics.

Bulls and Blackhawks Owners’ $7 Billion Plan to Transform Chicago

The project is going to be backed by private investments.
podcast thumbnail mobile
Front Office Sports Today

Olympics Open: What Athletes Can Do With 15 Minutes of Fame

0:00

Featured Today

Teahupo'o Tahiti Surfing

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.
July 24, 2024

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.
July 22, 2024

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.
July 21, 2024

O No Canada: The Next Big Sports Betting Scandal Could Erupt North of the Border

‘It’s open-season for match-fixing up there.’

Canadian Soccer Coach Bounced From Olympics as Spying Scandal Explodes

The spying dates back years, Canadian media reported Thursday.
July 25, 2024

It’s NFL Holdout Season

Key players are still holding in or holding out for contract leverage.
July 25, 2024

Texas Tech Poaches Softball Star With $1 Million NIL Deal

It’s more money than most college football players get.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 25, 2024

Colin Kaepernick Launches AI Start-Up, Remains Unretired From NFL

The former QB also has his own publishing company and activist camps.
July 24, 2024

Brett Favre Business Partner Pleads Guilty for Role in Welfare Scandal

Jake VanLandingham pleaded guilty to a single count of wire fraud.
July 24, 2024

World’s Best Cyclist Skipping Olympics for Love

Cycling’s power couple won’t be in Paris after a Slovenian snub.
July 24, 2024

Utah Officially Wins 2034 Winter Olympic, Paralympic Games Bid

Salt Lake City last hosted the Winter Olympics in 2002.