How much are F1 drivers paid? Full list of salaries, best-paid teams for 2025 Formula 1 season

Joshua Mayne

How much are F1 drivers paid? Full list of salaries, best-paid teams for 2025 Formula 1 season image

It's no secret that there is plenty of money in Formula 1.

From the hefty cost of developing and maintaining cars to the non-stop globetrotting, there is no shortage of cash at play.

But what about the drivers themselves?

The Sporting News takes a look at what this year's F1 stars are earning. 

MORE: Full F1 2025 season schedule, calendar

Who is the highest-paid F1 driver?

Note: These salaries and contract details are via RacingNews365. The figures are estimated basic salaries (USD) and do not account for performance bonuses or sponsorships.

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.

Following his high-profile switch to Ferrari, he is in line to receive a salary of $60 million this season.

Who is the lowest-paid F1 driver?

Naturally, rookie drivers are on smaller salaries.

While they earn considerably less compared to the top drivers, they are still paid well for their services.

Isack Hadjar (Racing Bulls) and Jack Doohan (Alpine) will both reportedly earn between $500k and $1 million in 2025.

Fellow rookies Liam Lawson (Red Bull) and Oliver Bearman (Haas) will take home $1 million, while Kimi Antonelli (Mercedes) and Gabriel Bortoleto (Sauber) are on $2 million deals.

Jack Doohan
Getty Images

Full list of F1 2025 driver salaries

Via RacingNews365

DriverTeamSalary (USD)
Max VerstappenRed Bull$65 million
Lewis HamiltonFerrari$60 million
Charles LeclercFerrari$34 million
Fernando AlonsoAston Martin$20 million
Lando NorrisMcLaren$20 million
George RussellMercedes$15 million
Carlos SainzWilliams$10 million
Pierre GaslyAlpine$10 million
Alex AlbonWilliams$8 million
Nico HulkenbergSauber$7 million
Esteban OconHaas$7 million
Oscar PiastriMcLaren$6 million
Lance StrollAston Martin$3 million
Gabriel BortoletoSauber$2 million
Yuki TsunodaRacing Bulls$2 million
Kimi AntonelliMercedes$2 million
Oliver BearmanHaas$1 million
Liam LawsonRed Bull$1 million
Jack DoohanAlpine$500k-$1m
Isack HadjarRacing Bulls$500k-$1m

Joshua Mayne

Joshua Mayne is a content producer for The Sporting News currently based in Manchester, England. He has previously worked as a newsreader at 2SER and journalist at Ministry of Sport. Joshua specialises in rugby league, motorsport and tennis. He is still waiting for Arsenal to win the Premier League again.