Do you know how much money Formula 1 drivers are going to receive this season?
We all know that Formula One is a sport in which their is a lot of money involved but, do you know the salaries of F1 drivers? In this article you will find it out.
There is less than a month until the Formula 1 2020 season starts. Some teams have already announced their dates in which they are going to present their new cars. The reigning champions will present their W11 on February 14th and Alpha Tauri (before Toro Rosso) will present their Honda-powered machine on that day as well. Ferrari are going to present their car (which is going to challenge Mercedes) on February 11th. Renault are going to unveil their car on February 12th. McLaren announced their date of unveiling in a very different and funny way. Lando Norris was streaming in McLaren’s YouTube channel. The British was in McLaren’s factory in Woking and he was streaming in a meeting with some engineers when they were discussing some topics about the new car when suddenly, Lando said that Zak told him the unveiling date will be on February 13th, everyone got quiet and shocked and he finished the stream. Apparently, he told us the date mistakenly. Racing Point will present their car on February 17th while Alfa Romeo will present Kimi’s and Giovinazzi’s car on February 19th. There are some teams that haven’t announced their dates but we are very excited to know for the first time the cars that will try to win the 2020 Formula One World Championship.
The drivers are getting ready to start the season and some of them are getting an increase in their salaries. You may know how many euros did the drivers get paid last year, but do you know their salaries of 2020? Here are they. It worth say that the amounts that we are going to mention in this article are what the teams pay to their drivers for racing for them, we do not include sponsors or any other publicity campaign.
George Russell from Williams and Antonio Giovinazzi from Alfa Romeo are the ones that have the lowest salary, both with €200,000. Just above of them is the Russian driver, Daniil Kvyat. The driver from Alpha Tauri will receive the amount of €275,000 in 2020. Lando Norris from McLaren and Pierre Gasly from Alpha Tauri will receive €400,000.
The following 3 drivers are the first 3 that will receive a million euros; I’m talking of both drivers that race for Haas (Kevin Magnussen and Romain Grosjean) and Canadian driver from Racing Point Lance Stroll.
Sergio Perez, who races for Racing Point will receive 3 million euros per year until 2022 (let’s remember that he renewed contract with the British-Canadian team until that year). Carlos Sainz is the next driver with a contract of 3.5 million euros per year.
The next drivers are the ones that receive unbelievable amounts of money. The first one that is ahead of the 5 million mark is Valtteri Bottas who will receive 7.5 million euros per year. Ferrari will give 9 million euros to Charles Leclerc. The Honey Badger (Daniel Ricciardo) will receive 18 million euros per year with Renault.
Sebastian Vettel and Max Verstappen are tied and they’ll receive the same amount of money in 2020. We are talking about 40 million euros! That’s a lot, isn’t it? And finally, the six-time world champion, Lewis Hamilton, is the driver that will receive the most amount of money this year. How much? No less than 50 million euros! Wow!
As you may have noticed, we did not include Nicholas Latifi because we don’t know how much he will be receiving as this will be his first season. It worth saying that all these quantities are in Euros and the amount will be received annually.
