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F1 driver salaries for the 2024 season revealed

F1 driver salaries for the 2024 season revealed

The formula one driver salaries for 2024 have been revealed with some surprise names shooting up the rankings ahead of the new season.

Formula One is back this weekend for the 2024 season opener in Bahrain, and the reported salaries of the 20 drivers have been revealed.

F1 is branded is widely regarded as one of the most exclusive sports in the world, with almost all of the current drivers residing in the luxurious yacht haven of Monte Carlo.

With only 20 drivers on the grid, there is no surprise in learning they are extremely well paid for their services and 2024 has seen some drivers receive a huge pay rise.

Some notable rises include Charles Leclerc, Lando Norris, and George Russell who all signed new contracts ahead of the 2024 season.

There is no surprise who leads the way when it comes to base salary, as Max Verstappen who is reportedly earning a massive £55 million at Red Bull.

Verstappen in 2023- Getty
Verstappen in 2023- Getty

Verstappen will also take home a significant amount from his personal deals with the likes of EA Sports and Heineken, but the Dutchmen might struggle to find time to spend his fortune with a record-breaking 24 race season on the horizon.

Full list of Formula 1 base salaries for 2024 via Racing News 365:

Max Verstappen, Red Bull Racing- £55 million

Lewis Hamilton, Mercedes- £45 million

Charles Leclerc, Scuderia Ferrari- £34 million

Lando Norris, McLaren- £20 million

George Russell, Mercedes- £18 million

Fernando Alonso, Aston Martin- £18 million

Checo Perez, Red Bull Racing- £14 million

Carlos Sainz, Scuderia Ferrari- £12 million

Valtteri Bottas, Stake F1 Team- £10 million

Daniel Ricciardo, Visa Cash App RB- £7 million

Esteban Ocon, Alpine- £6 million

Pierre Gasly, Alpine- £6 million

Oscar Piastri, McLaren- £6 million

Kevin Magnussen, Haas F1- £5 million

Alexander Albon, Williams Racing- £3 million

Lance Stroll, Aston Martin- £3 million

Nico Hulkenberg, Haas F1- £2 million

Guanyu Zhou, Stake F1 Team- £2 million

Yuki Tsunoda, Visa Cash App RB- £1 million

Logan Sargeant, Williams Racing- £1 million

Featured Image Credit: Getty

Topics: Charles Leclerc, Lando Norris, George Russell, Max Verstappen, Formula 1