P1racenews AI automatic summary:
Formula 1 is much more than just a sport: it is a business that moves billions of dollars in which drivers are paid handsomely for their skills, their charisma and their ability to achieve results. In 2024, some drivers earned staggering amounts of money, reflecting not only their talent but also their marketability. In this […]
Max Verstappen, the Dutch driver, has clinched his fourth consecutive world title, showcasing his unparalleled dominance in Formula 1. With a staggering salary of $55 million per season, he stands as the highest-paid driver who seems untouchable by his competitors. Lewis Hamilton, the seven-time world champion, still holds a significant presence in the sport, earning $45 million annually with a move to Ferrari on the horizon, stirring anticipation for his eighth title quest. Ferrari’s golden boy, Charles Leclerc, is seen as the team’s future and a potential title contender given his $34 million yearly contract until 2029. Lando Norris, the rising star at McLaren, commands a $20 million salary, highlighting the team’s belief in his talent and charisma on and off the track. The diverse earnings and career trajectories of drivers like George Russell, Fernando Alonso, Sergio Pérez, and Carlos Sainz underline the multifaceted nature of Formula 1 salaries, which are influenced by skill, marketability, and team strategies.
