F1 Drivers Net Worth (Updated 2026).

F1 drivers, often referred to as the crème de la crème of motorsports, didn’t just wake up one day and find themselves behind the wheel of a multimillion-dollar racing machine. Their journey typically begins at a young age, often in karting, the entry-level form of motorsport. Here, they honed their skills, learning the intricacies of racing, from handling high-speed maneuvers to understanding track dynamics.

As they progress through various junior racing series, these budding drivers start to make a name for themselves. Their talent catches the eye of team managers and sponsors, who see the potential for future success. This often leads to a seat in Formula 3 or Formula 2, the final stepping stones before reaching the pinnacle of the sport, Formula 1. It’s here that they truly start to gain recognition, their fame growing with each race win, pole position, and record-breaking lap.

F1 Drivers’ Current Net Worth (2025)

As of 2025, the estimated net worth of F1 drivers is substantial, with top pilots like Lewis Hamilton and Max Verstappen boasting fortunes of around $285 million and $40 million respectively. This includes their earnings from racing, endorsements, and other business ventures.

Career

F1 drivers typically start their careers in karting, progressing through junior formulas before reaching F1. They earn points and prize money based on their race results, with the top three drivers in the championship receiving bonuses. The highest-paid drivers often secure lucrative contracts with leading teams.

Other Ventures

Many F1 drivers engage in other ventures to diversify their income streams. These include owning or part-owning racing teams, investing in tech startups, and launching their own clothing lines or fitness brands. Some also act as brand ambassadors for major corporations.

Assets

F1 drivers often accumulate impressive assets, including luxury cars, private jets, and lavish homes. Hamilton, for instance, owns a collection of high-end cars, a private jet, and multiple properties worldwide. Verstappen, on the other hand, has invested in real estate and owns a fleet of supercars.

Annual Income

The annual income of F1 drivers varies greatly. In 2021, Hamilton reportedly earned $51 million from his F1 salary and endorsements, while Verstappen’s earnings were estimated at around $23 million. However, these figures can fluctuate significantly from year to year based on factors such as race results, team performance, and sponsorship deals.

Frequently Asked Questions about  F1 Drivers

Frequently Asked Questions: F1 Drivers Net Worth

1. Who is the richest F1 driver?

Lewis Hamilton is currently the richest F1 driver. His net worth is estimated to be around $500 million.

2. How much do F1 drivers earn per race?

The earnings of F1 drivers vary greatly depending on their team and performance. Top drivers like Lewis Hamilton and Max Verstappen can earn around $20-30 million per season, which includes race winnings and bonuses.

3. What is Sebastian Vettel’s net worth?

Sebastian Vettel’s net worth is estimated to be around $200 million.

4. How much does an F1 team get for winning a race?

As of the 2021 season, the winning team of a Grand Prix receives around $1.3 million, while the winning driver receives around $1 million.

5. What is Fernando Alonso’s net worth?

Fernando Alonso’s net worth is estimated to be around $240 million.

6. How much do F1 drivers earn from endorsements?

F1 drivers can earn a significant amount from endorsements. Lewis Hamilton, for instance, earns around $30 million annually from endorsements alone.

7. What is Max Verstappen’s net worth?

Max Verstappen’s net worth is estimated to be around $100 million.

8. How much do F1 drivers earn from prize money?

F1 drivers earn prize money based on their finishing position in each race. The winner receives $1 million, with the amount decreasing for lower positions.

9. What is Daniel Ricciardo’s net worth?

Daniel Ricciardo’s net worth is estimated to be around $50 million.

10. How much do F1 drivers earn from bonuses?

F1 drivers can earn bonuses for various achievements, such as winning a race, pole position, or setting the fastest lap. These bonuses can range from $50,000 to $1 million or more, depending on the team and the achievement.