F1 Drivers’ Salaries Revealed!

How much money do F1 drivers earn? Allow me to enlighten you about the 2024 F1 drivers’ salaries! From the lowest paid F1 drivers to the highest paid F1 driver, in this video I will explain how F1 drivers make money and what I figure the 20 F1 drivers get paid. If you want to know how much money Max Verstappen makes or what Lewis Hamilton's salary is make sure to watch the entire video today!
Purchase a hand-signed F1 driver print here: www.kymillman.com/signed-f1-d...
Become a channel member and receive monthly free wallpapers, RAW image files after each race, Exclusive videos and discounts at my store. VIP members get even more. Click here to join - / @kymillman
See 2024 Grand Prix images live from the track on Instagram bit.ly/2P6l6PY
My digital images are available at www.prostarpics.com/
Photo Books & Merchandise available at www.kymillman.com/store/
Follow my journey as an F1 photographer here • My Journey as an F1 Ph...

[@shashankshekhar2611]

that is not called salary in case of Stroll, its allowance :P

[@lowend5566]

Beer money

[@belamcd9878]

Yep, because I bet he spends much more than 3 million 😅

[@deepaksrinivasmondal]

5000$ for an outfit for Lewis and 20,000 Euros for the Uber Ad for Valterri are very modest estimations. You'd need to add one 0 to them to get close to the real figures is what I think.

[@itsjoel]

I’d agree

[@Valentijnvs]

Don't know which country the uber ad was for, but 20,000 is not even close. Even it it were an ad for Finland alone, a company the size of uber and a guy like bottas it should be somewhere in the 6 figures at least

[@deanchur]

I'd be surprised if it was less than a quarter million for the Uber ad.

[@TK-ge2gh]

Kym not revealing an estimate on photo collaborations 🤐

[@blafaard]

I wouldn't either!

[@burkelong4376]

That was some great information. Thanks, Kym.

[@Mandykiss4500]

A lot of these are a Rough Guess to JUST the Base Salaries without Performance Bonuses added…then you add in Sponsorship it’s HUGE!!!

[@Drrolfski]

Max nowadays has a sponsor deal with Viaplay, who owns the F1 TV rights in a few European countries. In return Viaplay gets exclusive on-track interviews with Max and also gets to make exclusive behind-the-scenes documentaries for their streaming service. Btw the most important reason that drivers are worth every penny of their salary comes from what they bring in return. The media value of Max is many times bigger than his salary. His succes is making Red Bull ridiculous amounts of money. Oracle alone is paying 100 million dollar a year to be a partner.

[@bogdanconstantin5911]

Yup. A VP+ at a big company likes F1, sees RBR have success, assumes Oracle is a part of it on the organisational side, bam, pushed to use their products within their own company.

[@charlesjay8818]

Based on the budget cap.... if Oracle is bringing $100 million, RB must be swimming with money with all the sponsors

[@Drrolfski]

@@charlesjay8818 They're massively investing that into their facilities and powertrain operation. Before a cost cap came into place for structural investments Red Bull ordered a big expansion of their campus in Milton Keys to house the new RBPT division and their RB sister team. They hired key staff away from mainly Honda and Mercedes and also started the construction of a new state-of-the-art windtunnel. Guess who's paying that bill?

[@AlfredoRodriguez3]

love the introduction and the video as a whole! great great work keep it up

[@KymIllman]

Thanks a ton!

[@peterebbers6254]

I like the way you look at this. Great video mate!😊

[@cristobalmartinez3923]

Thanks for another great video Kym!!

[@KymIllman]

My pleasure!!

[@markharrison8382]

Another very interesting video. Have you thought about a video on the progress of pit stops from the very first GP to current where McLaren hold the record at 1.9 seconds? It would be great to see how they have progressed over the years.

[@eurocon]

I learnt a thing or 3. You always get more than the video title suggests, cheers!

[@KymIllman]

Glad to hear that!

[@jimmcculloch3786]

Brill' as always Kym, thanks :)

[@KymIllman]

My pleasure!

[@gamercontinent4001]

Kym is founder and owner of Messages On Hold.... dayummm

[@AnirudhShailender]

Great one

[@uddishbagri9055]

6:25 Humble brag

[@zacharywhite211]

😂

[@MacPac78]

Hi Kym, more stories from the Messages on Hold days please. Did you pay the AFL or WC Eagles for the signs behind the goals at Subiaco?

[@markoenrico2684]

Love watching your videos a lot of info of the world of F1. I would like to know when they travel do they or any celebs with private planes go through normal customs or is there a separate customs for the rich and famouse

[@maxheeringa753]

Btw: Max' bonus salari is almost the same as his 'normal' one. 25.000 for each point and 250.000 for a win !!

[@seen48]

55 million plus bonus’? Wow

[@edguy495]

He actually gets $1 million for each win and $10 million if he wins the championship

[@seen48]

@@edguy495 so the salary is just a big thank you for being on the team then. That is insane money and we’re not even including his personal endorsements. Absolutely bonkers.

[@hishers251]

Was wondering what his points bonuses are.

[@Lalith333]

news sources claim that Hamiltons salary will likely be around 100 million USD with Ferrari in 2025. may be even more. full contract is worth 446 milllion USD I think.damn thats a lot of money

[@LarsAgerbk]

I've read this several different places too

[@maxheeringa753]

​@@LarsAgerbkme too, but later they said it was speculation and a number that could be that. Most sources say 40 mil and bonus with points and wins

[@classicjoker2008]

Is it salary before tax?

[@raydriver7300]

Hi Kym. I’ve done too much recently and hurt my back so today I’ve got nowhere to go and all day to get there, and nothing to do except enjoy your videos. Thank you for having me over 🌞

[@Shubham-in7qk]

​@@classicjoker2008he lives in Monaco. There is no tax. 😂😂😂

[@sammybeevg]

Woah new Kym lore dropped

[@lisette1580]

You're right: they are the best of the best! Thank you for this episode.

[@ImNotLoot]

Great Video!

[@sidharthtirkey44]

How did you watch a 12 min video in 1 min . 💀💀 Atleast watch the whole video

[@belamcd9878]

I didn't even know the team didnt pay for the flights to the races, so they need deals with private jet companies 😂

[@josephbennett4236]

I think the teams do pay for flights to the races, but some drivers prefer to forego that and use arrangements with private suppliers (or have their own plane, like Verstappen!) for the convenience, and in order to save time. It's not a huge sacrifice for them in the scheme of things - a business class ticket from London to Las Vegas (for example) would be chicken feed in the overall costs of all the other people and equipment needing transport to the venues.

[@belamcd9878]

@@josephbennett4236 I understand they would not fly commercial, it needs to be private, just thought the team paid for it. I remember Sainz saying "I came here and didn't race" last year when there was an engine problem and he didn't start the race. Like he just wasted his travel, but now thinking for the teams side it's some sort of "luxury", so they would only pay a business class.

[@mhiggins723]

Can just imagine all my mates sitting in the pub dressed as Lewis Hamilton🧐😂😂

[@Phuc_Yhou]

My workmates in the circus are a bit envious but at least we've got the squirty flower on our clothes and brass honky honk horn on our car😉

[@deepaksrinivasmondal]

Carlos getting paid 12 M compared to everyone else is a DAMN SHAME! He should be paid atleast double that!

[@johnnywang9731]

Well … Carlos isn’t a WDC contender, and in the past has been very inconsistent/mediocre, particularly against younger Charles. Makes sense to me.

[@spencercao5348]

wont be making half of that 12 mil without daddy sainz & santander money pushing for his preferred development lol

[@deepaksrinivasmondal]

@@johnnywang9731 given how Charles is touted as a generational talent, I don't see how equalling him is a bad thing, though. And he is very much a WDC contender.

[@crystal8537]

Charles and George overpaid asf

[@crystal8537]

​@@spencercao5348proof? Lecultists are such disgusting haters 🤡🤡🤡🤡🫵🫵🫵

[@varunvarma8183]

Great to know your association with the great Shane Warne....miss him a lot 💔

[@Whyteeford]

I SERIOUSLY doubt Alonso is only at 18mill euro a season

[@kovarikristof3754]

I read that Fernando made about 35 million euros last year. He might have wanted a lower base salary, but big extras. Apparently he was contracted with 10 mill in 2023 as a base. So the same might be the case now, although I agree with you, after scoring over 60-70% of the teams’ points last season, 18 mill is too less. Finished ahead of all the drivers who had a way quicker car since Austria ‘23, more than half a season, yet seemingly, they’d be earning more. But hey, Kym said it himself, afterall, these numbers are all speculative or have been reported to “be” an x amount, who knows..

[@ganjabobby]

You worked with Shane Warne! Absolute legend in a class of his own amongst these overpaid F1 prima donnas. I remember at IPL 2009 in SA, a spectator offered him a beer during the game, he fielded the next ball and ran back to grab the beer and took a huge chug before returning it.

[@seen48]

A lot of people say F1 drivers do not have a lot of downtime. With racing mostly every two weeks, a month off in the middle of the season and the off season, and just with that info I think they have quite a bit of downtime in a 24 race or so season?

[@johnpatricklim4509]

Kym Illman..handsome in a suit....

[@midas7394]

Statistically, both Russell & Carlos have been in F1 for approximately 5 X seasons, yet only Carlos has developed & improved through the years while Russell has earned the F1 reputation of having the most contact with other driver's (including his team mates) than any other driver is history. As far as avoidable car damage, over 5 X F1 seasons, is concerned, Russell is head & shoulders above Carlos. As far as team points earned, over 5 X F1 seasons, Carlos is head & shoulders above Russell. As far as F1 fan base popularity is concerned, over 5 X F1 seasons, Carlos is head & shoulders above Russell.

[@kart007k]

Would like to know how drivers get cars from manufacturers? Is that part of salary negotiations?

[@TheProtonist]

To think that's only BASE payment. Wins, podiums, poles, points, championships and all that make it way more.

[@mitchdaytonam3]

3:05 “I figure he’s being paid to wear most of them” … you’d really hope so, because you’d worry for his mental state if he bought them.

[@lowend5566]

True dat

[@Jfromes1]

Yuki is criminally underpaid

[@epimethues4663]

Definitely not 💀

[@chrismuz]

Why on earth would KMag get (so much) more than The Hulk? 🤔

[@S5k--m]

Kym kindly tell me what it takes to attend the prize giving ceremony

[@deanchur]

Wait, so you're the CEO of Messages on Hold? I did some work for them one weekend sitting in the stands at the cricket where the camera could see with a Messages on Hold t-shirt on so I'd be caught on TV; small world😆 Also I would assume the drivers are paid by Richard Mille to wear their watches; you see them on a lot of F1 driver's wrists in your photos.

[@hipotenuza5663]

Drivers are allowed to wear watches just from the sponsor company of the team.

[@anita750]

Remember Kimi Räikkönen Lotus 2012/2013! His contract almost bankrupted the team. Kimi's contract stated he would earn €50,000 per championship point! He scored 390 points: €19.5 million!

[@ShotByDale]

Impeccable timing as Alonso announces hes resigning

[@LuciferMorningstarDanny]

Don’t you mean re-signing 🤣🤣🤣 big difference 😉

[@ScuderiaFans]

That tyre management during the race was superb. Good job Carlos and Charles! The team did everything they could in Japan, with what they had to work with, so proud of them! 👏 ❤🇮🇹 Forza C² ❤❤💪🏽💪🏽 💚🤍❤ Forza Ferrari! 💚🤍❤

[@ellyelzinga01]

Would Lewis Hamilton even be allowed to wear these clothes next year? Charles Leclerc wasn't allowed to start his own clothing brand at Ferrari.

[@sam.victor470]

Greatest Of All Time German racing driver Michael Schumacher, had German financial services company 'Deutsche Vermögensberatung' paying him $8 million a year, just to wear a 10 x 8 centimetre advertisement on his baseball cap!

[@nicktrapp1122]

Wasn't Danny Ric making 10 mil as a reserve driver? Reportedly of course

[@Adogcallednoortje]

Never forget what 0.1 sec time gain costs a team on the car. Could be millions. So the salary’s sound fair to me.

[@CallieMasters5000]

Have F1 drivers always earned big money, or is this a more recent trend? Are drivers from 10, 20, 30 years ago financially well off or are most of them broke or needing to work? I think American football players often end up broke for reasons you mentioned in this video (big pay, big expenses, short careers) plus injuries + no education.

[@plivajucipauk7742]

They probably earned more money 20 years ago when sport was at its peak. Global audience was estimated to be more then 300 millions viewers, compared to about 100 now. Scumacher was global icon, pretty much everywhere except in USA. Just there is surge of popularity in some countries like USA thanks to DTS and with rise of social media people think F1 is more popular then ever when it has fallen massivly from its glory days. In general there was much more money back then, not just i F1 but in motorsport general, 90s and 00s were peak motosport.

[@belamcd9878]

​@@plivajucipauk7742agreed, the pilots in the 90's and early 2000 made much more money, Schumi was one of the first billionaires sportman (non American).

[@walover165]

Schumi's first Ferrari contract in 96 was $60mil, which was the biggest. Tobacco money shot salaries into the stratosphere. F1 drivers, as a whole, tend to be rather smarter than football players, and get accountants and things. But it's not difficult to see how someone like Sargeant, for example, would spend most of that $1mil over the course of the season, what with employing his trainer, maintaining a residence in London, and traveling home on breaks.

[@basedonyou3138]

Ayy late upload

[@paultutty4302]

I hope they buy some of your artwork Kym? on all that money.

[@lentheron1339]

Charles overpaid, Oscar & Carlos badly underpaid and Max worth every cent! 😄

[@belamcd9878]

Charles is high paid based on his looks.

[@Snazzy16]

Charles deserves all of his money, he has a huge fan base (second most followed f1 driver behind Lewis on insta) not to mention his many side avenues. It’s not just about how good they are, it’s about what they bring. Charles brings many sponsors while Carlos might not bring as many. And Oscar is not paid as much because he is a rookie, he will get paid more when he becomes more experienced.

[@hishers251]

Oscar might well be underpaid now BUT I will bet there is a big up kick in there in the next few years as he collects points and win bonuses, plus some sort of increase as he develops.

[@hishers251]

@@Snazzy16Charles is top class, as good as Max if you put them in equal machinery. Both Charles and Carlos have brilliant race craft, as does Perez when he is on his game, and as do both Lando and Oscar. These drivers are all worth what they are paid, and in some cases, probably more.

[@Snazzy16]

@@hishers251 i definitely agree with that. I’m not trying to take anything away from Carlos because he is a brilliant driver. And Oscar will probably get paid more once he gets more expierecned

[@exa0247]

What a disgrace is that Russell is getting paid more than Perez and Sainz, is ridiculous only because he's Britain

[@belamcd9878]

Exactly, it's because he is British 😅

[@charlesjay8818]

hahaha you really think nationality has ANYTHING to do with GR pay??????? ......you are really dumb!

[@michaelsantiago2630]

7:31 is that Horner's and Verstappen's lady friend? 😂

[@kimkristensen2816]

Ricardo, Stroll and Logan dont deserve a contract extension. Some are paid way to much and others to little

[@ctpmark]

Add the slow Chinese guy, bottas, both the alpine guys and both haas drivers. As well as the little jap ninja.. Troll 🧌

[@ShareeRedd]

Lewis has a line with Tommy Hilfiger & also non alcohol tequila.

[@mthokozisimyende787]

6:24 WAT YEAR IS THIS!?!?!?!😭😭

[@gnomedex]

Given how much Sainz has performed in the past few years at Ferrari in relation to Leclerc, it’s obvious that Charles is vastly overpaid.

[@johnnywang9731]

Huh? News to me.

[@Lora_Beolab]

i think we can guess that they negotiate sallary once every year or a few, so you can get a low price on a driver that then goes on to perform very good, or pay a lot for a driver that goes on to perform underwhelming, either way the drivers and teams will have to speculate wether they will want that sallary locked in for 1 season or multiple

[@AlbertZonneveld]

If you look a the number of pole and the number of wins Charles has the edge. Charles may have been fortunate to renew his contract after a good season and he is is probably rated the 2nd or 3rd fastest driver of the field by most pundits

[@exa0247]

In every Number Leclerc is superior than Sainz since they've been teammates, idk wtf you talking

[@preethasjenarthan5411]

@@exa0247 true, barring 2022, the exception is where it matters, i.e. points

[@stuartferguson7947]

Drivers are a brand and like any brand/business they will have a gross and net income and accountants making sure their tax liability is minimal.

[@Guust_Flater]

You skipped Max in the beginning....

[@exa0247]

Wtf, Checo salary so low, Sainz salary too

[@belamcd9878]

Yes, noticed that too, Russell also overpaid

[@brianl1593]

Taxes ::: In the U.S., states like Florida, Texas, and Nevada, which host all three Formula 1 tracks, have no state taxes. However, any winnings earned in these states would still be subject to Federal income tax. Winnings exceeding $231,000 are taxed at a rate of 32%, while winnings above $578,000 are taxed at 37%.

[@Bramfly]

Luckily for those residing in Monte Carlo (Monaco) there is no income tax

[@lowend5566]

That would be taxes if won as an individual. I’m sure that the drivers have a company structure that ensures that they only pay a company tax rate, if anything.

[@lowend5566]

@@Bramfly No tax on "overseas derived" income. Any income earned Monte Carlo is taxable. So it's a great place for F1 drivers and international business people. Just don't put your money into a bank in Monaco and earn interest I guess.

[@gracechadi]

*Charles, Daniel, Carlos + 2024 = 🏆🏆🏆*

[@chrismuz]

"F1 Drivers' Salaries - Wildly Speculated" Fixed.

[@danielmorack]

G’ Day

[@CdnTrader1]

They are not earning mega dollars…their salaries look like an average NBA roster.

[@mvd4436]

Max has a draft contract written up at Mercedes for more than LH ever made

[@seanthompson258]

lets exclude stroll and sargeant from the best of the best

[@morganrigsbee4274]

Logan sergeant should just go to nascar

[@midas7394]

Bottas has earned far more team points, for the Mercedes team, than Russell has while having significantly lower car damage costs...... even when LH took both of them out.

[@hishers251]

I would love to know the win and points bonuses… must be juicy for the likes of Sainz and others.

[@MarjanMJ1]

Guessing...

[@user-xv1nc7ns7n]

Dangerous sport like bull fighting but not controversial.

[@stuarthill1784]

Lewis doesn’t have a manager he has a lawyer!? That looks over his contracts and so on!? If I’m right? But weather he gets a % or a fix fee I don’t know.

[@russellvoth5161]

Only sport when they go to work they can loss their lives , yes worth every dollar and with all the manager, taxs and people wanting their money they desire it . Wonder if some guys have investors help to bank the money , probable.

[@spencercao5348]

incoming spanish armada lmao

[@crystal8537]

Charles & George overpaid. Carlos Checo Fernando & Oscar underpaid

[@gerardodiazmiron5357]

No way Russell earns more than Perez

[@belamcd9878]

Well, he is British 😊

[@rbslammed6163]

They are the “Best” of the Uber wealthy not the “ Bsst Of The Best”

[@chrismuz]

Can't imagine Russell being paid as much as Alonso 🤔

[@zedlicious]

What not ask them “what did you buy this week”? Surely these guys are buying something fancy every week be it cars, houses or art. Would love to know what you buy when you make over a million euro a week!

[@walover165]

Most of them are pretty smart; they'll be investing or saving.

[@seen48]

Any chance you fall out of good favour with the drivers by speculating their earnings and posting it?

[@denmark39]

Kevin number is too high.. I think he made 1,5 when he was along side grojean

[@pirateracer69]

You just about have more sponsers than an F1 team... enjoy the revenues.

[@74_pelicans]

Love your work kymmy but no way Lewis is wearing a outfit for less than 6 figures, valt would have got North of 7 figures

[@seashackf1]

Hope you’re joking. There wouldn’t be any profit paying him 6 figures for each outfit. These aren’t mass produced. They aren’t selling many of them.

[@hittrewweuy7595]

Who the hell would pay any money to Logan sargeant ? Williams is getting ripped off big time 😆

[@someonesch4361]

Max's contract should have a clause that he must be paid the double of whatever next highest salary is. He is underpaid if he gets only 15 million more than Lewis.

[@MrRono19]

Someone else said he gets extra for points and wins

[@beyondcitylimits]

@@MrRono19 They all do. You may know already but if not, look up how Kimi Raikkonen almost bankrupted Lotus due the per point bonus he got.

[@hishers251]

Lewis still has a record Max doesn’t have, whether Max can sustain his performances over a longer period is yet to be played out. Lewis also has won WDC’s in two different eras (normally aspirated and in the hybrid era). Max is a very talented driver, no doubt, but don’t underplay what Lewis has achieved. They are both amazing talents and we’re lucky to be living through this period with these guys, plus Oscar and Lando, Carlos and others.

[@Ismail-su1xu]

What absolute nonsense 😂. Max fans like you are so weird sometimes.

[@katyg6nzo]

Carlos and checo disgustingly underpaid

[@baka1984]

My Dad works at an investment company that manages the portfolio of one of the highest paid F1 drivers on the grid right now. They have been buying up a lot of real estate here in the US. I don't mean a few homes either. I am talking over a dozen homes. Clearly they see the housing market as a huge investment right now.

[@MrRono19]

Yep. All the rich people and companies buy houses so they can inflate the prices.

[@brentzittel]

Why does Charles make so much??

[@midas7394]

If those guesstimates are true, Russell is seriously over paid. T best he should earn less than $5 million a season.

[@Chaburinkun]

Surprisingly, one of the most talented driver on the grid, Yuki Tsunoda getting the least salary $1M alongside Logan Sargent.

[@Jordan-fz7cb]

Change the title.

[@midas7394]

Based on 5 seasons in F1, Russell has proved that he does not deserve an F1 seat, let alone a $18 million per season salary. It's an insult to all F1 fans to see that Russell gets paid as much as Alonzo when Alonzo's performance justifies his value in F1. Talk about a miscarriage of justice!!! Russell is being paid $6 million dollars more a season than Carlos, who has provided 150% more than value to the team than Russell would ever be capable of delivering. With a shocking decision, like over paying Russell, all F1 fans know exactly why the Mercedes team has become a mid field team with no future. hmm

[@seashackf1]

This most likely is base salary and doesn’t include bonus money based on results/points. Alonso likely earned a hefty bonus. If it is full salary Alonso is by far the best bargain on the grid.

[@midas7394]

@@seashackf1 You remind us of what Kimmi did to Lotus after agreeing to their race bonus scheme. ha-ha. Kimmi could have retired a very rich man after that season. ha-ha

[@seashackf1]

@@midas7394 yup, neither are dumb. If they aren’t getting salary they must get bonus to make up for it. There’s no planet where Alonso is less valuable than anyone but lewis or max.

[@kendahl7922]

How many call MONACO home for tax reasons? 😎😎🤡🤡

[@TipoF129B]

Top F1 driver 2025 lets say Lewis at $100,000,000....top hedge fund manager in 2023 made $4,100,000,000...40 times more. Just for perspective.

[@seashackf1]

He’s not at $100 mil. Most of his deal is going to his initiatives and charities of his choosing. Ferrari have set up a fund to distribute the money. It’ll be a tax write off and marketing expense for them.

[@kickderel]

George overpaid AF 😂

[@gangoffour6690]

Hamilton is grossly overpaid. Lewis is on a 3 year losing streak. Who at Ferrari gave Lewis a seat.

[@jayyinmadnani6312]

Pls don’t make one of these your estimates r super bad ,clearly you’re not good w money

[@chrismuz]

Best value for money? Max Verstappen!

[@bigboy0625]

Wonder how much Daniel has to pay Red Bull 😂

[@peterabbott1974]

3rd😂

[@doughalldorson8663]

How unfair for Perez ,the way he’s treated taints the sport !!

[@gerarteuben3333]

Why?, he is treated according to his position.