With all the familiar names at the top, Boardroom outlines the highest-paid F1 drivers in 2023, from Verstappen to Piastri.
The 2023 Formula 1 season has officially wrapped and for the third straight year, Max Verstappen reigns supreme as the league’s champion. The 26-year-old won 19 of 22 races and earned 575 points, both single-season records.
With unprecedented success comes a massive payday, and the Dutch racer tops another significant list. Forbes released its highest-paid Formula 1 drivers of this year list on Wednesday, and Verstappen comes in at No. 1 with an estimated $70 million in salary and bonuses in 2023.
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Last year, Red Bull Racing and Verstappen agreed to a five-year extension, keeping him with the team until 2028. Under the new terms, Verstappen will reportedly pocket $55 million a year, which matches Mercedes driver Lewis Hamilton‘s pay. Speaking of Hamilton, the seven-time world champion comes in second on the list, earning $55 million in salary alone. Hamilton and Mercedes renewed their partnership in August through 2025.
In total, the 10 highest-paid F1 drivers earned an estimated $258 million in 2023 before taxes, which Forbes says is a minor drop from 2022’s $264 million collected.
2023 Highest-Paid F1 Drivers
| Name | Team | Salary | Bonus | Total |
| Max Verstappen | Red Bull | $45 million | $25 million | $70 million |
| Lewis Hamilton | Mercedes | $55 million | $0 | $55 million |
| Fernando Alonso | Aston Martin | $24 million | $10 million | $34 million |
| Sergio Pérez | Red Bull | $10 million | $16 million | $26 million |
| Charles Leclerc | Ferrari | $14 million | $5 million | $19 million |
| Lando Norris | McLaren | $5 million | $10 million | $15 million |
| Carlos Sainz | Ferrari | $8 million | $6 million | $14 million |
| George Russell | Mercedes | $4 million | $5 million | $9 million |
| Pierre Gasly (tie-9th) | Alpine | $5 million | $3 million | $8 million |
| Oscar Piastri (tie-9th) | McLaren | $3 million | $5 million | $8 million |
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