2019 F1 Driver Salaries: $56.8m Separates Top and Bottom Drivers

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The 2019 Formula One season is in full swing! The season commenced on 17th March, marked the 70th edition of the Formula One World Championship. Once again, the 5-time Formula One World Champion, Lewis Hamilton sits above all other drivers as the highest paid driver on the grid in the 2019 season.

Sebastian Vettel is considered Hamilton’s Ferrari rival who stands second on the list. Mercedes Hamilton and the associates will be receiving an incredible $57 million for Hamilton’s services. On the other hand, Vettel will be taking home $12 million less than Hamilton but will still have a staggering $45 million as salary.

By summing up the salaries of the rest 18 drivers’ wages, an overall amount of $65 million will be split up and taken home by the drivers of the 2019 season. Check out the individual driver’s salary shared below.

20) Alexander Albon – $170,000

The Thai-British driver Alexander Albon began his racing career in 2005 winning local Hoddesdon Championship in karting and in 2018, it was confirmed that Albon has signed for Toro Rosso and would join the team for 2019 season. Albon is the first Thai driver to compete in Formula One since Prince Bira during the 1954 season.

He scored his first career points at the 2019 Bahrain Grand Prix, as he finished 9th and at the 2019 Chinese Grand Prix, Albon finished 10th and was awarded the 2019 Chinese Grand Prix ‘Driver Of The Day’. Albon stands as the least earning driver in the 2019 season with $170,000.

19) George Russell – $180,000

George Russell is a British F1 driver who began karting in 2006 entered the FIA Formula 2 in 2018 as a driver for ART Grand Prix for the 2018 FIA F2 Championship. Later in 2018, it was confirmed that Russell will drive for the Williams Formula 1 Team at the beginning of the 2019 season.

Russell stands ahead of Albon, who is currently racing his debut season with Williams and will be receiving an amount of $180,000 at the end of the season. He is the current FIA Formula 2 Champion for ART Grand Prix and has also won the 2017 GP3 Series Champion.

18) Antonio Giovinazzi – $230,000

Antonio Giovinazzi is currently racing with Alfa Romeo Racing in Formula One. Giovinazzi was the runner-up of the 2015 FIA Formula 3 European Championship and raced with Prema in the 2016 International GP2 Series. He once again finished as the runner-up with an overall count of 8 podiums.

Giovinazzi raced with Sauber at the 2017 Australian Grand Prix, replacing the injured Pascal Wehrlein. He also took part at the following Chinese Grand Prix replacing Wehrlein. In 2019, Giovinazzi signed a contract with Alfa Romeo Racing to race full-time and will be receiving $230,000 in 2019.

17) Lando Norris – $260,000

Another British driver Lando Norris is at present racing for McLaren in Formula One. 2016 was a year of wins for Norris as he went on to win the Toyota Racing Series, Eurocup Formula Renault 2.0, Formula Renault 2.0 Northern European Cup and the MSA Formula championship in 2015.

In 2016, Norris was honored with the McLaren Autosport BRDC award and he subsequently won the FIA Formula 3 European Championship in 2017. The 2019 Formula One is a challenging season for the young driver to prove his competency as he will be receiving an amount of $260,000.

16) Daniil Kvyat – $300,000

Scuderia Toro Rosso’s Daniil Kvyat is currently at number 16 when it comes to drivers salary at F1. His first Formula One podium finish was at the 2015 Hungarian Grand Prix as he ended up as second behind Sebastian Vettel. He was driving with Red Bull Racing in 2016 when he collected his second podium at the 2016 Chinese Grand Prix.

During 2018, Kvyat was a development driver for Scuderia Ferrari who was later re-signed by Toro Rosso for the 2019 season. The Russian has always been a controversial figure in the F1 community who will be picking up $300,000 in the process.

15) Robert Kubica – $570,000

The William F1 team will be featuring the Polish driver Robert Kubica. Kubica was the first Polish driver to participate in Formula One, who suffered a serious injury in a crash at the Ronde di Andora rally in 2011. As a result of the injury, he was not able to take part in some of the important races.

In 2018, the Williams confirmed and officially announced that Kubica will race for the 2019 Formula One season. His comeback to the F1 is considered one of the most exciting parts to the new season. He will be earning a staggering salary of $570,000 at the end of the 2019 F1 season.

14) Kevin Magnussen – $1.2 million

Kevin Magnussen stands 14th in the list of the 2019 F1 drivers salary who is at present racing with the Haas F1 Team. He was the McLaren’s Young Driver Programme, who drove for the McLaren in the 2014 Formula One World Championship. Kevin has driven for Haas since 2017 and will be racing with them again in 2019.

The 2018 F1 drivers salaries list ranked Magnussen 13th with $2.5 million. He was initially part of McLaren and Renault team and later joined the Haas. Magnussen scored his first fastest lap at the Singapore Grand Prix as of March 2019. And he holds on to his position with Haas. Kevin will be earning $1,200,000 at the end of the 2019 Formula one season.

13) Lance Stroll – $1.2 million

The Canadian-Belgian driver Lance Stroll is driving with Racing Point, formerly known as Force India, who became the Italian F4 champion in 2014. His honors are numerous as he went on to win the Toyota Racing Series championship in 2015, and 2016 FIA European Formula 3 champion.

His first podium finish was seen at the 2017 Azerbaijan Grand Prix, which was a third-place finish and he became the 2nd-youngest driver to finish an F1 race on the podium. Looking at his current 2019 season’s salary, Stroll will be receiving the same salary of $1,200,000 as of Kevin.

12) Pierre Gasly – $1.4 million

Pierre Gasly became the GP2 Series champion in 2016, who is now driving with Red Bull Racing in Formula One. He made his debut in the 2019 Formula One season with Red Bull. He was the runner-up in the 2014 Formula Renault 3.5 Series and also finished second in the 2017 Super Formula Championship.

His official Formula One début was at the 2017 Malaysian Grand Prix. He is ranked one among the young talented drivers’ and he has been lately following the footsteps of Max Verstappen with his transfer from Toro Rosso to Red Bull. The exchange to Red Bull has earned him a considerable pay rise to $1,400,000.

11) Romain Grosjean – $1.8 million

Currently, Romain Grosjean is a racing driver for the Haas F1 Team, who made his Formula One debut for Renault at the European Grand Prix in 2009. In 2012, he became a part of the Lotus F1 Team, along with Kimi Räikkönen. His first Formula One podium was seen at the 2012 Bahrain Grand Prix.

His first fastest lap was recorded in the 2012 Spanish Grand Prix. In 2013, he stayed with Lotus and gathered 6 podiums. He drove for Haas in 2016. He remained with the team since 2016 and received $4.45 million in 2018. He stood in the same 11th position in 2018 and he will be earning $1,800,000 at the 2019 season which is more than his teammate Magnussen.

10) Sergio Perez – $3.5 million

A huge leap ahead! The Mexican racing driver Sergio Pérez Mendoza will be receiving a higher wage when compared to Grosjean. He is currently with the Racing Point team in Formula One and is widely referred to as “The Mexican Wunderkind” because of his young age and performance. The racer to retain the same rank in the list of – Who is paid the most? is Sergio Perez who stood 10th with $5 million in 2018 and is once again in the 10th spot.

Perez drove with Sauber and won his first Formula One podium at the 2012 Malaysian GP and in 2013 joined McLaren. In 2013, Force India declared that Perez will drive with them for a €15 million deal. He drove with Force India until 2018, and then joined Racing Point F1 in 2019 and will earn $3,500,000 at the end of the year.

9) Charles Leclerc – $3.5 million

Charles Leclerc is another young and talented Monégasque racing driver, who is at present racing with Scuderia Ferrari. In 2016, he won the GP3 Series championship and the following year he won the FIA Formula 2 Championship. His Formula One Sauber debut season was in 2018, which is a team affiliated with Ferrari. The racer who received $150,000 with Sauber in 2018 stands 9th in the list of highest paid drivers of 2019.

Leclerc was the least paid in 2018 who will be receiving a stunning amount in 2019. Leclerc signed a contract with Ferrari for the 2019 Formula One season where he is driving along with Sebastian Vettel and became the 2nd youngest driver to qualify on pole position at the 2019 Bahrain Grand Prix. The Ferrari’s new boy will earn an equally impressive sum of $3,500,000 as of Perez.

8) Carlos Sainz – $4.0 million

Initially, Carlos Sainz drove for Carlin in 2012 who is currently racing with McLaren. Sainz has raced in the British and European Formula 3 championships. He moved to Toro Rosso after racing for DAMS in Formula Renault 3.5 and won the championship in 2014. An official announcement was made in 2017 that Sainz will play for the Renault F1 in the 2018 season on a season-long loan.

Upon this announcement, he was still contracted to Red Bull Racing. Carlos Sainz earned $750,000 when he raced with Renault in 2018 and was ranked 16th in the salary of the drivers’ list. Later in 2019, it was declared that Sainz will drive for McLaren starting in 2019 replacing his fellow countryman Fernando Alonso and he will be getting $4,000,000.

7) Nico Hulkenberg – $4.5 million

The Renault F1 team will be featuring the German professional racing driver Nicolas Hülkenberg. As of February 2019, the German holds the record for the most F1 career starts without a podium finish. Initially, he drove for the Williams in 2010 and later joined Force India in 2011.

Again in 2013 he moved to the Sauber team and once again returned to Force India for the 2014 season. He was not retained in one particular team and in 2016, it was officially declared that he would race for Renault in 2017. A successful campaign was seen by Renault in 2018 and, as a result, they hold on to Hulkenberg who will earn $4,500,000 over the year.

6) Kimi Raikkonen – $4.5 million

The Finnish driver Kimi Raikkonen also referred to as Iceman is currently driving for Alfa Romeo Racing in F1. He drove for Scuderia Ferrari in 2007 and won the 2007 Formula One World Championship. He went on to compete in the World Rally Championship in 2010 and 2011 after 9 seasons at F1 and came back to F1 in 2012.

Considering the seasons until 2018, Raikkonen is considered the most successful Finnish F1 driver as he has gathered 21 Grands Prix with the most race wins. He earned $40 million in 2018 and was the 3rd highest paid driver in the grid. Raikkonen is one among the top drivers to earn a huge salary in the 2019 season as he drops down from Ferrari to Sauber and will still earn $4,500,000.

5) Valtteri Bottas – $8.5 million

Another Finnish driver Valtteri Viktor Bottas is racing with Mercedes in 2019. He was initially driving for Williams from 2013 to 2016. He joined Mercedes in 2017 and recorded the fastest lap at Abu Dhabi and also won the race. The next season was an utter failure for Bottas as he failed to win even a single race, yet he was offered $12 million and ranked 5 in the list of the top driver’s salary.

This failure made him the first Mercedes driver since Michael Schumacher in 2012 who failed to claim even a single winning race in a complete season. Bottas will be playing along with his teammate Hamilton which comes with considerable pressure and also a strong pay of $8,500,000.

4) Max Verstappen – $13.5 million

Max Emilian Verstappen is a Belgian-Dutch racing driver who was the youngest driver to take part in the 2015 Australian Grand Prix. He is currently racing with Red Bull Racing and holds the record for being the first youngest driver to win in 8 other Formula One racing. His initial F1 racing started with Scuderia Toro Rosso in 2015 and he took over his 2016 campaign with the Italian team.

Verstappen was later promoted into Red Bull Racing mid-season as a replacement for Daniil Kvyat. This transfer has paid him well enough as Verstappen received $10 million in 2018 and stood 6th in the driver’s salary list. But now, with Daniel Ricciardo’s recent failure in 2018, Max Verstappen has become popular with Red Bull and will earn $13,500,000.

3) Daniel Ricciardo – $17 million

The third top-earning driver Daniel Joseph Ricciardo is an Australian professional driver who will be featured by the Renault F1 team in 2019 Formula One. His debut Formula One race was with HRT at the 2011 British Grand Prix as part of a deal with Red Bull. Later he joined Toro Rosso for two seasons in 2012 and 2013.

Riccardo officially became a part of the Red Bull Racing as a replacement in 2014. Ricciardo’s wins in 2018 were at the Chinese and Monaco Grands Prix. At the end of 2018, it was declared that he will be a part of the Renault team on a 2-year contract for the 2019 and 2020 F1 seasons and the witching has increased his wage bill with $17,000,000.

2) Sebastian Vettel – $45 million

In the list of the top Formula One drivers’ earnings stands the long rival racer Sebastian Vettel at the second position who will be earning $45,000,000. Vettel is a German racing driver who is currently racing for the Scuderia Ferrari. He is considered one of the greatest drivers’ in the history of F1, who topped the salary ranks in 2018 with a staggering salary of $60 million.

His achievements are huge as he has won the Formula One World Championship 4 times in a row (2010-2013). Lately, Vettel and Ferrari have won a number of races and were able to top the standings a number of times in close World Championship battles with Hamilton. 2017, as well as, 2018 ended his title hopes in Mexico as he finished as runner-up.

1) Lewis Hamilton – $57 million

The obvious racing driver to top the highest earning Formula One driver 2019 is the British racer Lewis Carl Davidson Hamilton who races for Mercedes-AMG Petronas Motorsport. He stood second in the 2018 salary ranking with $50 million and is often referred to as the best driver of his generation as he has won the Formula One World Championship 5 times.

He is considered one of the greatest drivers’ in the history of Formula One. His first World Championship title win came in 2008 with McLaren. He later switched to Mercedes where he won back-to-back titles in 2014 and 2015 and also went on to win back-to-back titles again in 2017 and 2018.

Lewis Hamilton will be earning an amount of $57,000,000 at the 2019 Formula one season, which is the highest earning of the season. He is the reigning F1 champion and will want to carry forward his successes into 2019 season. His 2018 efforts in racing and winning the standing have been rewarded with the salary of $57,000,000.

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