Who is the richest F1 driver?
The top five richest Formula 1 drivers in 2025 are Lewis Hamilton, Fernando Alonso, Max Verstappen, Charles Leclerc, and Carlos Sainz. Hamilton leads with $434 million, followed by Alonso’s $240 million. Formula 1 Driver Salaries in 2025 Verstappen, Hamilton and Leclerc are outliers to some extent when it comes to F1 earnings, while the rest of the field tends to be closer in pay, ranging from $2 to $20 million per year. Here’s the full list of compensation in 2025 for Formula 1’s 20 drivers.F1 is a results-oriented business, so it’s no surprise that Red Bull’s Max Verstappen is reportedly the highest-paid driver on the grid. The Dutchman is set to earn $65 million in 2025 as he chases his fifth successive drivers’ championship. Seven-time world champion Lewis Hamilton sits closely behind Verstappen.His salary comes in at $34 million per year. Formula 1 was also home to one of the highest paid athletes in the world, former driver Michael Schumacher, who was a dominant force in the sport for years. Schumacher is also the highest-earning Formula 1 driver of all time.Hamilton’s and Leclerc’s annual base salary is $60 million and $34 million respectively. Ferrari is spending the highest amount of money on. Instagram.
How expensive is it to be an F1 driver?
Securing a seat in F1 race is a challenging journey that requires passion, dedication, resilience, financial support, physical fitness, and above all consistency. The total cost of becoming an F1 racer can be above $5 million. At the end of it all, only a few make it to the top. The unfortunate reality of Formula 1 is that it costs a lot of money to take part in as a driver. Competing in karting championships can cost over £10,000 a year – and that’s just to get started in the sport. Generally, most drivers in Formula 1 come from a privileged background.F1 tickets are expensive due to high operational costs associated with hosting a race, including licensing fees, insurance, staffing, infrastructure, security, and marketing expenses.F1 drivers need money From every level through karting up to Formula 1, the costs will be steep, and only become more expensive as they go through the categories. Those who are lucky enough to own a kart to begin with will need to have enough money to address mechanical issues, to enter races and much more.
How much is F1 license?
Every driver has to pay a $12,097 flat fee to the FIA for their Super Licence, plus an additional $2,443 for every World Championship point they scored in the 2024 season. Follow @f1grandslam for the best Formula 1 memes, news, stats and reels and turn on post notifications to never miss out. Speedcafe report that for F1 2025, the per-point fee will be €2313 ($2443), up from €2100 ($2217), and the standard fee €11453 ($12097), up from €10400 ($10981). This means that compared to Verstappen’s record-breaking fee of $1,286,324 paid for his latest Super Licence, his next would cost him $1,079,448.