How much do professional Race Car Drivers make?

While ZipRecruiter is seeing annual salaries as high as $87,500 and as low as $16,000, the majority of salaries within the Race Car Drivers jobs category currently range between $21,000 (25th percentile) to $50,000 (75th percentile) with top earners (90th percentile) making $74,000 annually across the United States.

Who is the highest-paid race car driver?

Verstappen is F1’s highest-paid driver for 2022 with a pretax total of $60 million from his salary and bonuses, according to Forbes estimates. Hamilton, who has been the series’ top-earning driver in Forbes’ athlete rankings every year since 2013, sinks to second with an estimated $55 million.

Can you make a living as a race car driver?

Sponsorships and endorsement deals from major companies contribute to how much money a race car driver makes. A race car driver may have to pay to enter a race at the start of their career, whereas those at the top of their field can earn tens of millions of dollars yearly in winnings, wages and affiliation deals.

How much do F1 drivers earn per race?

F1 drivers get paid a salary for the season, which covers all races, plus any testing and promotional appearances they may have to do on behalf of their team. If we put it in terms of pay-per-race for 2022, the highest-paid driver, Lewis Hamilton, will earn close to $1.74 million for each of his appearances this year.

How much do professional Race Car Drivers make? – Related Questions

Who is the lowest paid F1 driver?

Yuki Tsunoda (AlphaTauri) £621.5k ($750k)

Tsunoda earned the least of any F1 driver in 2022. He was the only driver on a six-figure salary.

Who is the richest person in F1?

10 Richest F1 Drivers On The Grid Today
  • 8 Daniel Ricciardo — $50 Million.
  • 7 Sergio Perez — $75 Million.
  • 6 Max Verstappen — $90 Million.
  • 5 Sebastian Vettel — $140 Million.
  • 4 Fernando Alonso – $260 Million.
  • 3 Lewis Hamilton – $325 Million.
  • 2 Nicholas Latifi – $2 Billion.
  • 1 Lance Stroll – $2.9 Billion.

How much does a F1 car cost?

How much does a Formula 1 car cost today? If these figures are taken into account, it is possible to deduce that a Formula 1 racing car from the 2022 season is worth between 12 and 15 million dollars. Even the display or scale units of the single-seaters have extremely high prices.

Who owns Formula 1?

It was bought by Liberty Media in 2017. Ecclestone, a former Formula One team boss, spent 40 years as chief executive of the company after gaining control of the commercial rights. As of January 2021, the group is run by Stefano Domenicali as president and chief executive officer.

Who is richer Mercedes or Red Bull?

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Most valuable Formula 1 team brands in 2018 (in million U.S. dollars)

Characteristic Brand value in million U.S. dollars
Mercedes 1,015
McLaren 620
Red Bull Racing 640

How much money do F1 teams get for winning a race?

Every team is paid approximately $36 million USD prize money for being in the championship, which comes from revenue sources such as TV rights and circuit sponsorship.

What is Max Verstappen salary?

Estimated Career Earnings
Year Salary Total Cash
2019 $13,500,000 $13,500,000
2020 $26,000,000 $26,000,000
2021 $25,000,000 $42,000,000
2022 $25,000,000 $25,000,000

Do F1 drivers make money for winning?

Unlike most other athletes, Formula One drivers do not receive any prize money from the league when they win an event. Instead, the prize money goes to the driver’s team. In turn, the team pays the driver a salary, which is determined through the contract they sign.