How much do F1 players get paid?
Formula 1 drivers like Max Verstappen and Lewis Hamilton are among the highest earners with salaries reaching up to $65 million. However, rookies like Isack Hadjar and Jack Doohan earn significantly less, around half a million dollars. Formula 1’s global appeal ensures it remains one of the richest sports in the world, generating $2. Broadcasting Revenue: F1 is televised in over 180 countries, contributing significantly to its status as one of the richest sports in the world.Forbes estimates that at least ten billionaires, worth a collective $146 billion, are involved in F1 as of the 2021 season. Here’s a look at the sport’s wealthiest team owners, sponsors and other figures.One of the biggest sources of revenue for F1 teams is the prize money earned in races, including the prestigious Constructors’ Championship.Formula 1 is among the most expensive sports, with teams spending hundreds of millions annually. McLaren paid over $6 million just to enter this year’s competition, while Cadillac will pay around $700,000 to join next season, marking the first new team since Haas in 2016.
Is F1 a high paying job?
The typical F1 engineer’s salary varies depending on experience, qualifications, position and the team they are employed by. The average salary different engineers can expect is as follows: Graduate Engineers: £27,000 – £32,000 a year. The estimated average salary for a Engineer at McLaren Group is £39,616 per year or £19 per hour, but some professionals have reported earning up to roughly £68,765 per year (90th percentile).The estimated total pay range for a Mechanic at McLaren Racing is £41K–£44K per year, which includes base salary and additional pay. The average Mechanic base salary at McLaren Racing is £42K per year. The average additional pay is £0 per year, which could include cash bonus, stock, commission, profit sharing or tips.