About Boardroom

Boardroom is a media network that covers the business of sports, entertainment. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know...

At the forefront of industry change, Boardroom is committed to unique perspectives on and access to the news, trending topics and key players you need to know.

All Rights Reserved. 2022.

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.

Sign up for our newsletter

Get on our list for weekly sports business, industry trends, interviews, and more.

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

NameTeamSalaryBonusTotal
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

More F1: