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F1 Driver Salaries 2020: Lewis Hamilton the highest paid driver this season, with Sebastian Vettel second

Subham Jindal
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F1 Driver Salaries 2020: Lewis Hamilton the highest paid driver this season, with Sebastian Vettel second

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.

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

TeamDriverSalary
MercedesLewis Hamilton$40m
FerrariSebastian Vettel$30m
Red BullMax Verstappen$25m
RenaultDaniel Ricciardo$20m
FerrariCharles Leclerc$10m
MercedesValtteri Bottas$8m
McLarenCarlos Sainz$8m
Racing PointSergio Perez$8m
HaasRomain Grosjean$7m
RenaultEsteban Ocon$5m
Alfa RomeoKimi Räikkönen$5m
HaasKevin Magnussen$5m
Racing PointLance Stroll$3m
Red BullAlexander Albon$2.5m
McLarenLando Norris$2m
AlphaTauriDaniil Kvyat$2m
AlphaTauriPierre Gasly$2m
Alfa RomeoAntonio Giovanazzi$1m
WilliamsNicolas Latifi$1m
WilliamsGeorge Russell$1m

About the author

Subham Jindal

Subham Jindal

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A Red - be it Manchester United or Ferrari. Hails from the hills of Kalimpong, Darjeeling. Aspiring to become a respected Sports Management professional.

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