Formula 1 Driver Salaries (2017 Contracts)

Formula One also known as F1 Racing is the most competitive and highest class of single-seat car racing sport. It is authorised by FIA (Fédération Internationale de l’Automobile). However, the FIA Formula One Racing began the inaugural season in 1950. The Series of F1 Races is called as “Grands Prix”. However, “Grands Prix” is derived from French origin meaning Grand Prizes. Moreover, the Professional F1 drivers are handsomely paid. But do you know how much is Formula 1 driver salaries? or who is the highest paid f1 driver in history? If not then read this complete article to know.

Lewis Hamilton is the richest sports person in Britain as per Forbes. Hamilton earns a yearly salary of $31 million (£20.9m) as per his 3-year Contract with Mercedes and his total net worth estimated to be around $150 million. Surely one of the top earners in Formula 1 drivers. The most successful F1 Driver Fernando Alonso also signed record three-year deal (2015-2017) with McLaren-Honda and has an annual salary of $40 million per year. Now let’s see the list of top Formula 1 driver salaries and contracts. Top 5 Greatest MotoGP Racers Of All Time

Formula 1 Driver Salaries

Formula 1 Driver Salaries & Contracts

Driver Team Annual Salary Contract
Sebastian Vettel Ferrari $50 million plus bonuses 3 years (2015-17)
Fernando Alonso McLaren $40 million including bonuses 2 years (2015-17)
Lewis Hamilton Mercedes $32 million plus bonuses 3 years (2015-18
Kimi Raikkonen Ferrari $16 million  including bonuses 1 year (2017)
Valtteri Bottas Williams $8.5 million including bonuses 1 year (2017)
Daniel Ricciardo Red Bull $6.5 million plus bonuses 2 year (2017-18)
Felipe Massa Williams $3.5 million 1 year (2017)
Nico Hulkenberg Renault F1 $3 million 1 year (2017)
Max Verstappen Red Bull $3 million Multi-year contract
Sergio Perez Force India $2.5 million Last year 2017
Romain Grosjean HAAS F1 $1.5 million 1 year (2017)
Kevin Magnussen HAAS F1 $1 million 1 year (2017)
Jolyon Palmer Renault F1 $1 million 1 year (2017)
Daniil Kvyat Toro Rosso $750,000 1 year (2017)
Esteban Ocon Toro Rosso $750,000 1 year (2017)
Esteban Ocon Force India $185,000 1 year (2017)
Marcus Ericsson Sauber $285,000 1 year (2017
Pascal Wehrlein Manor $150,000 1 year (2017)

Britain’s beast F1 Driver Jenson Button signed an extended one-year deal with McLaren-Honda to remain with the team in 2016. The 2009 world champion is banking around $12 million a year, which is a pay cut compared to 2013 when he was earning $17 million a year. Runaway championship leader Nico Rosberg banks $15.5 million per year, which is almost a third less than his Mercedes teammate Hamilton.

Highest Paid FI Driver (Sebastian Vettel $50 million per year)

Highest Paid FI Driver - Sebastian Vettel

Yes you have heard it right, the Quadruple world champion Sebastian Vettel is the highest paid Formula 1 driver in 2016 with a record three-year deal with Ferrari worth $50 million (£33.4m) guaranteed in the first year and $30m a year plus bonus, excluding bonuses, which also makes him one of the highest-paid sports personality in the world. The German racer was 6th in Formula One World Championship and deserves paying such a handsome amount.

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