The Dutch driver Max Verstappen is the highest-paid Formula One driver this year.
How much money do F1 drivers make? These are the Formula 1 salaries for the 2025 season
Formula One (F1) is a sport often associated with high salaries for its drivers. However, determining the amount of money that the sports class 2025 will earn is not easy. While drivers like Lewis Hamilton, Max Verstappen, and Charles Leclerc are some of the most well-known in the sport, it is not always the case that they are the highest earners.
Formula 1 Driver salaries in 2025
Recent reports suggest that Max Verstappen is currently the highest earner in F1, with his contract set to earn him a jaw-dropping $65 million in 2025. Verstappen’s contract with Red Bull Racing has made him one of the best-paid drivers in F1 history, even when accounting for inflation.
A suspected gearbox problem forced Charles Leclerc to stop on track in FP2! 😳✋#F1 #LasVegasGP pic.twitter.com/xcladTLnlC
— Formula 1 (@F1) November 21, 2025
Lewis Hamilton, who drives for Ferrari, recently signed a new contract with the team, which he will compete for during the final season of his current contract this year, where he is earning around $60 million annually, including bonuses. Hamilton is currently a seven-time world champion and is one of the most successful drivers in F1 history.
George Russell’s new contract with Mercedes would put him in third place at around $40 million.
Charles Leclerc, Hamilton’s current teammate at Ferrari, saw his salary increase to $34 million last year. The young Monegasque driver has been impressive since his F1 debut and has been rewarded by Ferrari for his performances.
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According to the updated list, after George Russell’s new contract, Lando Norris and Fernando Alonso are tied in fifth position with salaries of $20 million.
List of drivers, their teams and salaries
| 1 | Max Verstappen | Red Bull | $65 million |
| 2 | Lewis Hamilton | Ferrari | $60 million |
| 3 | George Russell | Mercedes | $40 million |
| 4 | Charles Leclerc | Ferrari | $34 million |
| 5 | Lando Norris | McLaren | $20 million |
| 5 | Fernando Alonso | Aston Martin | $20 million |
| 7 | Pierre Gasly | Alpine | $10 million |
| 7 | Carlos Sainz | Williams | $10 million |
| 9 | Alex Albon | Williams | $8 million |
| 10 | Niko Hulkenberg | Sauber | $7 million |
| 10 | Esteban Ocon | Alpine | $7 million |
| 12 | Oscar Piastri | McLaren | $6 million |
| 13 | Lance Stroll | Aston Martin | $3 million |
| 14 | Yuki Tsunoda | Racing Bulls | $2 million |
| 15 | Kimi Anonelli | Merceds | $2 million |
| 15 | Gabriel Bortoletto | Sauber | $2 million |
| 17 | Oliver Bearman | Haas | $1 million |
| 17 | Liam Lawson | Red Bull | $1 million |
| 17 | Isack Hadjar | Racing Bulls | $1 million |
| 20 | Franco Colapinto | Alpine | $300,000 |
These salaries are reported and based on information published at Drive En.
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