Formula 1 Driver & Team Salaries for 2020:

The 20 drivers on the 2020 F1 grid earn over $220 million combined. Lewis Hamilton has the highest wages, earning $60,000,000 per year. Esteban Ocon, George Russell, Antonio Giovinazzi earn the lowest paid drivers at just $350,000 each.

Find the full driver/team breakdown below:

DriverSalaryTeam/ConstructorAgeNationality
Kimi Räikkönen$8,500,000Alfa Romeo Racing40Finland
Antonio Giovinazzi$350,000Alfa Romeo Racing26Italy
Max Verstappen$12,500,000Aston Martin Red Bull Racing22Netherlands
Alexander Albon$650,000Aston Martin Red Bull Racing24Thailand
Sergio Pérez$3,200,000BWT Racing Point0Mexico
Lance Stroll$750,000BWT Racing Point21Canada
Romain Grosjean$2,500,000Haas F1 Team33France
Kevin Magnussen$1,500,000Haas F1 Team27Denmark
Carlos Sainz Jr$3,300,000McLaren F1 Team25Spain
Lando Norris$500,000McLaren F1 Team20United Kingdom
Lewis Hamilton$60,000,000Mercedes-AMG Petronas F1 Team35United Kingdom
Valtteri Bottas$8,500,000Mercedes-AMG Petronas F1 Team30Finland
Daniel Ricciardo$34,000,000Renault DP World F1 Team30Australia
Esteban Ocon$350,000Renault DP World F1 Team23France
Nicholas Latifi$500,000ROKiT Williams Racing24Canada
George Russell$350,000ROKiT Williams Racing22United Kingdom
Pierre Gasly$1,200,000Scuderia AlphaTauri Honda24France
Daniil Kvyat$500,000Scuderia AlphaTauri Honda25Russia
Sebastian Vettel$40,000,000Scuderia Ferrari Mission Winnow32Germany
Charles Leclerc$30,000,000Scuderia Ferrari Mission Winnow22Monaco