Racingnews365 has published the salaries of Formula 1 drivers in 2023. The figures are unofficial, bonus payments at the end of the season and advertising contracts can significantly push earnings upwards.
For the first time in years, the highest paid Formula 1 driver is not Lewis Hamilton – with a salary of $ 35 million, the seven-time world champion drops to third place in the ranking. Lewis’s salary is not only lower than that of the new leader Max Verstappen ($55 million), but also that of Charles Leclerc ($36 million).
Yuki Tsunoda and Logan Sargent will have the lowest salary in 2023 – they will each earn a million dollars.
Formula 1 Driver Salaries in 2023
Racer | Order | Salary |
M Verstappen | Red Bull | $55 million |
Sh.Lecler | Ferrari | $36 million |
L Hamilton | Mercedes | $35 million |
L Norris | McLaren | $20 million |
S.Perez | Red Bull | $10 million |
C. Sainz | Ferrari | $10 million |
V. Bottas | Alfa Romeo | $10 million |
D.Russell | Mercedes | $8 million |
E Okon | Alps | $6 million |
F Alonso | Aston Martin | $5 million |
P. Gasly | Alps | $5 million |
K. Magnussen | hare | $5 million |
A. Elbon | Willems | $3 million |
L. Stroll | Aston Martin | $2 million |
N. Hulkenberg | hare | $2 million |
N. de Vries | AlphaTauri | $2 million |
G. Zhou | Alfa Romeo | $2 million |
O. Piastri | McLaren | $2 million |
L Sargent | Willems | $1 million |
Yu Tsunoda | AlphaTauri | $1 million |
Source: F1 News

I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.