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Max Verstappen Tops 2023 Highest-Paid F1 Drivers List

With all the familiar names at the top, Boardroom outlines the highest-paid F1 drivers in 2023, from Verstappen to Piastri.

The 2023 Formula 1 season has officially wrapped and for the third straight year, Max Verstappen reigns supreme as the league’s champion. The 26-year-old won 19 of 22 races and earned 575 points, both single-season records.

With unprecedented success comes a massive payday, and the Dutch racer tops another significant list. Forbes released its highest-paid Formula 1 drivers of this year list on Wednesday, and Verstappen comes in at No. 1 with an estimated $70 million in salary and bonuses in 2023.

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Last year, Red Bull Racing and Verstappen agreed to a five-year extension, keeping him with the team until 2028. Under the new terms, Verstappen will reportedly pocket $55 million a year, which matches Mercedes driver Lewis Hamilton‘s pay. Speaking of Hamilton, the seven-time world champion comes in second on the list, earning $55 million in salary alone. Hamilton and Mercedes renewed their partnership in August through 2025.

In total, the 10 highest-paid F1 drivers earned an estimated $258 million in 2023 before taxes, which Forbes says is a minor drop from 2022’s $264 million collected.

2023 Highest-Paid F1 Drivers

Max VerstappenRed Bull$45 million$25 million$70 million
Lewis HamiltonMercedes$55 million$0$55 million
Fernando AlonsoAston Martin$24 million$10 million$34 million
Sergio PérezRed Bull$10 million$16 million$26 million
Charles LeclercFerrari$14 million$5 million$19 million
Lando NorrisMcLaren$5 million$10 million$15 million
Carlos SainzFerrari$8 million$6 million$14 million
George RussellMercedes$4 million$5 million$9 million
Pierre Gasly (tie-9th)Alpine$5 million$3 million$8 million
Oscar Piastri (tie-9th)McLaren$3 million$5 million$8 million

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