Salaries for every Formula One driver in 2023 season

It’s a great time to be a Formula One driver.

With the sport’s popularity soaring internationally, drivers are now earning hefty salaries each season.

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Of course, the top drivers earn more than newcomers or backmarkers. But still, each of the 19 full-time drivers this season reportedly are earning at least $1 million.

Here are all the details on F1 driver salaries in USD for 2023 (figures courtesy of RacingNews365, not accounting for bonuses, sponsorships or endorsements):

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Who is the highest paid F1 driver in 2023?

Max Verstappen, the three-time reigning champion, is unsurprisingly the highest paid driver in 2023.

The 26-year-old Dutchman narrowly won his first title in 2021 before winning in dominant fashion in both 2022 and 2023. He’s quickly moved into the top five on the all-time wins list.

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In 2023, Verstappen reportedly will earn a salary of $55 million from his team, Red Bull Racing. He has driven for Red Bull Racing since 2016 after being promoted from Toro Rosso, which was then effectively Red Bull’s junior team.

Behind Verstappen, Mercedes’ Lewis Hamilton ($35 million) and Ferrari’s Charles Leclerc ($24 million) round out the podium of highest paid drivers in 2023. Hamilton is a seven-time champion, while the 26-year-old Leclerc is a rising star for the sport’s most famous team.

MEXICO CITY, MEXICO - OCTOBER 29: Second placed Lewis Hamilton of Great Britain and Mercedes talks a photo with Race winner Max Verstappen of the Netherlands and Oracle Red Bull Racing and Third placed Charles Leclerc of Monaco and Ferrari as they attend a press conference after the F1 Grand Prix of Mexico at Autodromo Hermanos Rodriguez on October 29, 2023 in Mexico City, Mexico. (Photo by Jared C. Tilton/Getty Images) — Lewis Hamilton takes a photo with Max Verstappen and Charles Leclerc as they attend a press conference after the F1 Grand Prix of Mexico on Oct. 29, 2023 in Mexico City. (Photo by Jared C. Tilton/Getty Images)

Who is the lowest paid F1 driver in 2023?

Three drivers reportedly will make $1 million in 2023 – Haas’ Nico Hülkenberg, AlphaTauri’s Yuki Tsunoda and Williams’ Logan Sargeant. While they all have the same salary, they are in three completely different eras of their respective careers.

Hülkenberg, 36, debuted in 2010 for Williams. While he’s been a respectable veteran over parts of 12 seasons, the German driver holds the record for most F1 starts without a podium finish.

Tsunoda, 23, is in his third season for AlphaTauri, Red Bull’s sister team. He’s yet to score a podium finish, but the Japanese driver has performed well relative to expectations of his team.

Sargeant, 22, stands out as the only American on the grid in 2023. In his rookie campaign, the Florida native has struggled compared to his Williams teammate Alexander Albon. Without improved results, Sargeant’s F1 career could be short-lived.

List of F1 driver salaries for 2023

There are 20 drivers in each race, but only 19 have run full-time this season. Nyck de Vries began the season driving for AlphaTauri, but was replaced by Daniel Ricciardo after 10 races.

Here’s how all 19 full-time drivers stack up this season in order of salary: