F1 Driver Salaries 2020: Lewis Hamilton is the highest paid driver this season, in a year plagued by the covid-19 pandemic.
Mercedes’ driver Lewis Hamilton is undoubtedly the biggest name in Formula 1 right now. Be it his dominance on the race-track, or his diversity in motor sport messaging, he is never away from the spotlight.
Hamilton is in the last season of his current Mercedes contract. He is expected to sign an extension, but his salary demand have reportedly soared. According to Fox Sports, there are talks of him signing a three-year contract worth around $200 million, including bonuses. That would mark a massive rise to his wages, especially when the globe is going through tough times economically.
Lewis Hamilton,to show his slave ancestors, wears a chain and padlock around his neck and takes the knee at the F1 Grand Prix. He will then take his £40 million salary off shore to his mansion in Monaco.
Who do you have most respect for? pic.twitter.com/sTM7p3RCQw— Suisse Clothing Company 🇨🇭 (@CompanySuisse) August 14, 2020
Mercedes Boss Toto Wolff had suggested Lewis will sign the contract, along with Bottas – who eventually did sign the extension for the 2021 season. Hamilton, on his part too, has made his intentions clear of continuing in Formula 1, and in all probability with Mercedes.
“There is a point at which physicality and the mental side tail off, and I don’t know when that’s going to be. But I don’t see that happening in the short term, in the next two or three years.”
“I do see myself going for at least another three years.”
Estimated salaries list for 2020
| Team | Driver | Salary |
| Mercedes | Lewis Hamilton | $40m |
| Ferrari | Sebastian Vettel | $30m |
| Red Bull | Max Verstappen | $25m |
| Renault | Daniel Ricciardo | $20m |
| Ferrari | Charles Leclerc | $10m |
| Mercedes | Valtteri Bottas | $8m |
| McLaren | Carlos Sainz | $8m |
| Racing Point | Sergio Perez | $8m |
| Haas | Romain Grosjean | $7m |
| Renault | Esteban Ocon | $5m |
| Alfa Romeo | Kimi Räikkönen | $5m |
| Haas | Kevin Magnussen | $5m |
| Racing Point | Lance Stroll | $3m |
| Red Bull | Alexander Albon | $2.5m |
| McLaren | Lando Norris | $2m |
| AlphaTauri | Daniil Kvyat | $2m |
| AlphaTauri | Pierre Gasly | $2m |
| Alfa Romeo | Antonio Giovanazzi | $1m |
| Williams | Nicolas Latifi | $1m |
| Williams | George Russell | $1m |
