F1: 2023 F1 driver ‘base’ salaries

According to the list compiled by RacingNews365, below are the estimated 2023 ‘base’ salaries for F1 drivers.

These numbers exclude any personal endorsements they may have as well as bonuses they may have written into their contract.

Driver Salaries do not get counted in the annual ‘Cost Cap’ each team must meet.

Estimated Base Salaries

Driver Team Salary
Max Verstappen Red Bull $55 million
Charles Leclerc Ferrari $36 million
Lewis Hamilton Mercedes $35 million
Lando Norris McLaren $20 million
Sergio Perez Red Bull $10 million
Carlos Sainz Ferrari $10 million
Valtteri Bottas Alfa Romeo Sauber $10 million
George Russell Mercedes $8 million
Esteban Ocon Alpine $6 million
Fernando Alonso Aston Martin $5 million
Pierre Gasly Alpine $5 million
Kevin Magnussen Haas $5 million
Alex Albon Williams $3 million
Lance Stroll Aston Martin $2 million
Nico Hulkenberg Haas $2 million
Nyck de Vries Scuderia AlphaTauri $2 million
Guanyu Zhou Alfa Romeo Sauber $2 million
Oscar Piastri McLaren $2 million
Yuki Tsunoda Scuderia AlphaTauri $1 million
Logan Sargeant Williams $1 million


Total Estimated Team Salary Spend

Team Team Total
Red Bull $65 million
Ferrari $46 million
Mercedes $43 million
Alpine $11 million
McLaren $22 million
Alfa Romeo Sauber $12 million
Aston Martin $7 million
Haas $7 million
Williams $4 million
Scuderia AlphaTauri $3 million


What comes under the F1 cost cap?

Any expenditure related to car – but not engines – performance is relevant for the cost cap. This includes:

  • All parts on the car (from the steering wheel to the wheel nuts)
  • All the elements needed to run the car
  • Most of the team personnel
  • Garage equipment
  • Spares
  • Transport costs
  • Development and R&D costs

The biggest area of focus is car development costs, with teams having a weigh up what is developed, how much is spent on each part which is manufactured and how many of the parts are needed and can be afforded without overspending.

What doesn’t come under the F1 cost cap?

There are several big-ticket things that aren’t covered by the cost cap, including:

  • Driver salaries
  • The wages of the three highest-paid staff members
  • Travel costs of personnel
  • Marketing spend
  • Property and legal costs
  • Entry and license fees
  • Any non-F1 or road car activities
  • Parental and sick leave payments
  • Employee bonuses and staff medical benefits
  • Engines – which are covered by their own set of cost regulations.


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