How much Formula 1 drivers are paid in 2023?

World champion Max Verstappen leads the way for Formula 1 driver earnings with $54 million going into the 2023 season, followed by seven-times champion Lewis Hamilton on nearly $35 million.

At the other end, Logan Sargeant of Oracle Red Bull Racing and Yuki Tsunoda of Scuderia AlphaTauri share the bottom spot of the list on £850,000 ($1.023 million).

Five drivers are thought to pocket £1.5 million ($1.81 million) – Oscar Piastri of McLaren, Zhou Guanyu of Alfa Romeo, Nyck de Vries of AlphaTauri, Nico Hulkenberg of MoneyGram Haas and Lance Stroll of Aston Martin.

Three drivers take home £4 million ($4.82 million) including Kevin Magnussen of Haas, Pierre Gasly of Alpine and Fernando Alonso of Aston Martin, while nine earning £5 million ($6.02 million) or more.

Sebastian Ocon of Alpine receive £5 million on the dot, George Russell of Mercedes is eighth with £6.5 million ($7.83 million), with both Valtteri Bottas and Sergio Perez on £8 million ($9.63 million).

Top 5 earners:

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1. Max Verstappen (Red Bull) – £45 million ($54.18 million)

2. Lewis Hamilton (Mercedes) – £29 million ($34.92 million)

3. Charles Leclerc (Ferrari) – £20 million ($24.08 million)

4. Lando Norris (McLaren) – £16.5 million ($19.87 million)

5. Carlos Sainz (Ferrari) – £10 million ($12.04 million)