Formula 1 Driver Salaries 2020: Money, Rewards, Earnings and Wages!

Formula 1 Driver Salaries 2020: Money, Rewards, Earnings and Wages!

Formula 1 Driver Salaries In 2020

Formula 1 driver salary? What is the average F1 salary of 2020? F1 driver salaries 2020Formula 1 Driver Salaries? How much do F1 drivers make a year if they win? How much do F1 drivers earn per year in Salary? We take a look at every F1 driver salary and contract details for 2020.

The Biggest change includes Valtteri Bottas joining Mercedes on a 1 year deal where he will earn around £7 million a year with option to extend the contract to 2020. Here we take a look at the Formula 1 Driver Salaries 2020.

Formula 1 Driver Salaries

Formula 1 Driver Salaries 2020

Below is the list of contract and salary details of all formula 1 drivers in 2017/18 lineup. Also check out our list on the F1 Prize money in 2020.

F1 Driver contract extensions and new deals 2020

Valtteri Bottas has a new contract with Mercedes until 2019. He then has an option to extend his contract. Bottas’ salary will be doubled if he does, which will be worth around £7 million a year.

Kimi Raikonnen signed a new one-year contract extension for to remain at Ferrari this year in 2020.

Lewis Hamilton signed a 3-year contract extension in 2016 with Mercedes. Hamilton has a basic yearly- salary of $31 million a year (£20.9m) but has huge bonuses from Grand Prix and F1 title win.

Sebastian Vettel signed a new 3-year deal at Ferrari to remain in the team until 2020. Vettel’s new contract will get him a lower basic salary. But Ferrari included massive bonuses for race wins and championships. If Vettel wins 2020 F1 title he will earn a massive $50 million (£33.4m).

Fernando Alonso signed a contract extension with McLaren-Honda that has an exit option for 2019. Alonso will be earning a lower basic salary of $30 million a yea but he will have bonuses.

Daniel Ricciardo is linked with Ferrari and has reportedly agreed to join Ferrari in 2019. Ricciardo is in the last year of his current deal with Red Bull and at the end of 2020 he will be a free agent.

Formula 1 Driver salaries

List of Formula 1 Driver Salaries 2020

F1 driver salaries 2020? List of Ferrari, McLaren, Red Bull, Sauber and Williams F1 driver salaries? Here the list with Formula 1 Driver Salaries 2020:

Ferrari F1 Driver Salaries F1 Drivers

Ferrari F1 Driver Salaries

Ferrari F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Sebastian Vettel (Ferrari)Vettel will earn guaranteed $50m (£33.4m) in first year. Also has a basic salary of $30m- a-year plus bonuses. Vettel is one of the highest paid F1 drivers in 2020.3 Years Deal (2020-20)
Kimi Raikonen (Ferrari)$7m plus performance bonuses which max out at $10m a year.Signed 1 year extension for 2020 season

 

McLaren F1 Driver Salaries

McLaren F1 Team Driver Salaries

McLaren F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Fernando Alonso (McLaren)Alonso earns $30m a year including all bonuses.1 Year Deal (2020)
Stoffel Vandoorne (McLaren)$0.03m a year plus bonuses1 year deal for 2017

Formula 1 Driver Salaries

F1 Red Bull Team Driver Salaries

F1 Red Bull F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Daniel Ricciardo (Red Bull)$6.5m a year (£5.2m) guaranteed salary plus bonuses.New 2 year deal from 2017 to 2020
Max Verstappen (Red Bull)Max Verstappen earns $3m a yearMulti-year contract with Red Bull

Formula 1 Driver Salaries

Williams F1 Team Driver Salaries

Williams F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Felipe Massa (Williams)Felipe Massa earns $3.5m a year after he came out of retirement.

He took a pay-cut to drive for Williams F1.

1 year extension for 2017
Lance Stroll (Williams)Unknown.1 year deal for 2017.

Formula 1 Driver Salaries

Renalt F1 Team Driver Salaries

Renault F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Nico Hulkenberg (Renault F1)Hulkenberg earns $3m a yearJoins Renault F1 with 1 year deal
Jolyon Palmer (Renault F1)$1m a yearRetained for another year (2017)

Formula 1 Driver Salaries

HAAS F1 Team Driver Salaries

HAAS F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Romain Grosjean (HAAS F1)$1.5m a year – Signed a one-year deal with HAAS F1Signed a 1 year contract  for 2017 season.
Kevin Magnussen (HAAS F1)$1m a year – Signed a one-year contract with HAAS F1 after rejecting a new contract from Renault F1. Signed new 1 year deal for 2017 season.

Toro Rosso F1 Team Driver Salaries

Toro Rosso F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Daniil Kvyat (Toro Rosso)$0.75m a yearRetained for 2017 season.
Carlos Sainz (Toro Rosso)Sainz earns $0.75m a year. Extended for 2017 season

Sauber F1 Team Driver Salaries

Sauber Drivers F1 Salary per Year (annually)Sauber F1 Contract terms
Marcus Ericsson (Sauber)$0.285m a yearSigned 1 year extension for 2017
Pascal Wehrlein (Sauber)$$0.15m a yearJoined Sauber for 2017 season.

Mercedes F1 Team Driver Salaries

Mercedes F1 Driver Salaries 2020
Salary per Year (annually)
Formula 1 Driver Salary Contract
Lewis Hamilton (Mercedez)Hamilton earns $31m a year (£20.9m) guaranteed plus performance bonuses of max $10m a year3 year deal
Valtteri Bottas (Mercedes)Bottas earns $8.5m a year (£7m) including bonuses1 Year Deal (2020)

Highest paid Formula 1 driver ever: Michael Shumacher is the highest paid F1 driver in history!

Who is the highest paid Formula 1 driver ever? The highest paid Formula 1 driver in history has to be the retired F1 driver Michael Schumacher.

Highest paid Formula 1 driver - Sebastian Vettel Ferrari - Highest paid F1 driver

Who is the highest paid Formula 1 driver 2020? Sebastian Vettel is the highest paid F1 driver in 2020!

Who is the highest paid F1 driver 2020? Sebastian Vettel is the highest paid Formula 1 driver in the 2020 F1 season with a record 3-year-deal with Ferrari worth $150 million. Sebastian Vettel is also one of the highest paid sportsmen in the world.

Second Highest paid Formula 1 driver 2020? How Much Will Lewis Hamilton make 2020? What is Lewis Hamiltons salary? Why is Lewis Hamilton paid so much?Englishman Lewis Hamilton also signed a new 3-year-deal to remain with Mercedez, which is worth $31 million a-year plus up to $10 million in bonuses. This makes him the second-highest paid driver behind Vettel in 2020.

Highest paid Formula 1 driver 2020

Here are all F1 drivers salaries per year on basic packages with individual bonuses:

TeamDriverSalary
FerrariSebastian Vettel$50m
MercedesLewis Hamilton$41m
Red BullMax Verstappen$25m
RenaultDaniel Ricciardo$20m
FerrariCharles Leclerc$10m
MercedesValtteri Bottas$8m
McLarenCarlos Sainz$8m
Racing PointSergio Perez$8m
HaasRomain Grosjean$7m
RenaultEsteban Ocon$5m
Alfa RomeoKimi Räikkönen$5m
HaasKevin Magnussen$5m
Racing PointLance Stroll$3m
Red BullAlexander Albon$2.5m
McLarenLando Norris$2m
AlphaTauriDaniil Kvyat$2m
AlphaTauriPierre Gasly$2m
Alfa RomeoAntonio Giovanazzi$1m
WilliamsNicolas Latifi$1m
WilliamsGeorge Russell$1m

Formula 1 Driver Salaries

How much do F1 drivers get paid for winning a race

How much do F1 drivers earn per race? See Formula 1 Prize Money 2020 if you want to know how much do F1 drivers get paid for winning a race.

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