In F1, drivers put their lives on the line in million dollar cars - for that risk, they collect big checks.
F1 Prize money is split based on each teams finish in the Constructors' Championship standings.
McLaren earned roughly $161 million dollars last year for winning the 2024 Constructors Championship.
In 2024, Max Verstappen became the highest paid F1 driver, surpassing seven-time world champion Lewis Hamilton.
F1 Driver Salaries
Driver | Team | Salary (USD) |
Max Verstappen | Red Bull | $65 Million |
Lewis Hamilton | Ferrari | $60 Million |
Charles Leclerc | Ferrari | $34 Million |
Fernando Alonso | Aston Martin | $20 Million |
Lando Norris | McLaren | $20 Million |
George Russell | Mercedes | $25 Million |
Carlos Sainz | Williams | $10 Million |
Pierre Gasly | Alpine | $10 Million |
Alex Albon | Williams | $8 Million |
Nico Hulkenburg | Sauber | $7 Million |
Esteban Ocon | Haas | $7 Million |
Oscar Piastri | McLaren | $6 Million |
Lance Stroll | Aston Martin | $3 Million |
Gabriel Bortoleto | Sauber | $2 Million |
Yuki Tsunoda | Racing Bulls | $2 Million |
Kimi Antonelli | Mercedes | $2 Million |
Oliver Bearman | Haas | $1 Million |
Liam Lawson | Red Bull | $1 Million |
Jack Doohan | Alpine | $500k-$1 Million |
Isack Hadjar | Racing Bulls | $500k-$1 Million |
In Formula 1, drivers do not directly receive prize money for victories, but typically enjoy further financial compensation beyond their base salaries from their teams depending on success.
This additional money is typically dependent on where the drivers finish in particular races, and or the season. Some drivers receive significant bonuses for podium finishes, or winning the Individual season.
Estimated 2025 F1 Prize Money
F1 is expected to divide $1.266 million in prize money in 2025.
75% ($949.5 Million) of the prize money is divided according to how teams finish in the 2025 F1 season. There is roughly a $9 million difference between each position in the table.
Historical Success Payments
20% of the remaining prize money ($253 million) is distributed according to past championship wins and performances. Mercedes, Red Bull, McLaren, Ferrari, and Williams receive a portion of this amount.
Special Ferrari Payment
Ferrari earns the remaining 5% of the total prize money as a 'historic payment.' This payment in 2025 is expected to be $63.3 million.
Ferrari receive this extra money based on their global popularity in attracting fans to the sport.
Constructors' Estimated Prize Money
The estimated amount of prize money is based on 2024's total prize money, and therefore is no 100% accurate, and will not be determined until the season is finished.
Constructors' Finish | Estimated Prize Money |
1st | $140 Million |
2nd | $131 Million |
3rd | $122 Million |
4th | $113 Million |
5th | $104 Million |
6th | $95 Million |
7th | $87 Million |
8th | $78 Million |
9th | $69 Million |
10th | $60 Million |
