This weekend marks the start of Britain’s biggest motoring event: Silverstone. The F1 season so far has proven hugely exciting, and it’s only set to improve on this thrilling circuit. It’s a dangerous job being an F1 driver, and for the risk they’re rewarded hugely; fame, glory, and lots and lots of cash.
But just how much can the drivers expect to earn this Silverstone race? To find out, https://www.top10casinos.com/ has crunched the numbers, showing who’s financially won and lost before the race has even started. Data was taken and validated by leading sports website Sportrac, and here are the results…
| Position | Team | Driver | Pay per year | Pay per race | Pay per lap | Pay per mile |
| #1 | Mercedes-AMG | Lewis Hamilton | $40,000,000 | $1,818,182 | $34,965 | $9,553 |
| #2 | Red Bull Racing | Max Verstappen | $25,000,000 | $1,136,364 | $21,853 | $5,971 |
| =3 | Alpine | Fernando Alonso | $20,000,000 | $909,091 | $17,483 | $4,777 |
| =3 | McLaren | Lando Norris | $20,000,000 | $909,091 | $17,483 | $4,777 |
| =5 | Aston Martin | Sebastian Vettel | $15,000,000 | $681,818 | $13,112 | $3,582 |
| =5 | McLaren | Daniel Ricciardo | $15,000,000 | $681,818 | $13,112 | $3,582 |
| #7 | Ferrari | Charles Leclerc | $12,000,000 | $545,455 | $10,490 | $2,866 |
| =8 | Alfa Romeo | Valtteri Bottas | $10,000,000 | $454,545 | $8,741 | $2,388 |
| =8 | Aston Martin | Lance Stroll | $10,000,000 | $454,545 | $8,741 | $2,388 |
| =8 | Ferrari | Carlos Sainz | $10,000,000 | $454,545 | $8,741 | $2,388 |
| #11 | Red Bull Racing | Sergio Perez | $8,000,000 | $363,636 | $6,993 | $1,911 |
| #12 | Haas | Kevin Magnussen | $6,000,000 | $272,727 | $5,245 | $1,433 |
| AlphaTauri | Pierre Gasly | $5,000,000 | $227,273 | $4,371 | $1,194 | |
| =13 | Alpine | Esteban Ocon | $5,000,000 | $227,273 | $4,371 | $1,194 |
| =13 | Mercedes-AMG | George Russell | $5,000,000 | $227,273 | $4,371 | $1,194 |
| #15 | Williams | Alexander Albon | $2,000,000 | $90,909 | $1,748 | $478 |
| =16 | Alfa Romeo | Guanyu Zhou | $1,000,000 | $45,455 | $874 | $239 |
| =16 | Haas | Mick Schumacher | $1,000,000 | $45,455 | $874 | $239 |
| =16 | Williams | Nicholas Latifi | $1,000,000 | $45,455 | $874 | $239 |
| #20 | AlphaTauri | Yuki Tsunoda | $750,000 | $34,091 | $656 | $179 |
Table of Contents
The Highest Earning Drivers
Lewis Hamilton, Mercedes – $1,818,182 per race
It’ll come as no surprise to F1 fans that Sir Lewis Hamilton takes the top spot in the earnings chart. The 7-time world champion is statistically the greatest driver of all time, and his hard work pays handsomely; he is expected to earn $40,000,000 in 2022. For his home race of Silverstone, Hamilton can expect to earn $1,818,182, which means per lap he earns $34,965, and per mile earns $9,553. Home races can be stressful, with the fans hoping for an English win. Well, trophy or no trophy, Hamilton takes home far more than any other driver on the grid.
Max Verstappen, Red Bull Racing – $1,136,364 per race
In second place is current championship leader and 2021 World Champion Max Verstappen. The Dutchman re-negotiated his deal last year, boosting his pay to a very healthy $25,000,000. Max was taken out of last year’s race by Hamilton, with controversy surrounding the pair for their driving conduct. That won’t be playing on Verstappen’s mind however, as for the 2022 Silverstone GP he’ll earn $1,136,364, or $21,853 per lap and $5,971 per mile. Huge figures for both hugely competitive drivers.
Fernando Alonso, Alpine and Lando Norris, McLaren – $909,091 per race
F1 racers Fernando Alonso and Lando Norris share 3rd place, with both drivers earning a massive $909,091 dollars for the Silverstone GP. Both fighting for midfield teams, and both embroiled in a big money fight for 4th place in the Constructors Championship, tensions are high as Norris enters another home race. However, they’ll both sleep soundly enough Sunday night in the knowledge that, regardless of the race outcome, they’ll have earned almost a million dollars simply for taking part. Each lap is worth $17,483 for the pair, with each mile raced worth a whopping $4,777.
How much does the lowest paid driver get for their Silverstone race?
AlphaTauri driver Yuki Tsunoda comes at the bottom of this ranking, with his $750,000 a year contract meaning he gets paid only $34,091 for his Silverstone race. Whilst that does sound like a lot, for comparison’s sake Lewis Hamilton earns more per lap ($34,965) than Yuki will in his entire race! The pay disparity in F1 is huge, and this data proves it even more acutely. Tsunoda will earn $656 per lap, and only $179 per mile, easily the smallest amount of money on this list.
Which team has to spend the most on drivers for Silverstone?
Star drivers will always earn huge sums of money in Formula 1, but which teams have to spend the most on both drivers combined? Below are the results…
| Team | Cumulative driver costs for Silverstone |
| Mercedes-AMG | $2,045,454 |
| McLaren | $1,590,909 |
| Red Bull Racing | $1,500,000 |
| Alpine | $1,136,363 |
| Aston Martin | $1,136,363 |
| Ferrari | $1,000,000 |
| Alfa Romeo | $500,000 |
| Haas | $318,181 |
| AlphaTauri | $261,363 |
| Williams | $136,363 |
Due primarily to Lewis Hamilton’s enormous wages, Mercedes takes the top spot, with their Silverstone race costing them just over $2m in driver expenses alone. Hamilton’s teammate George Russell has only a $5m yearly wage, eight times less than that of his sparring partner Lewis.
In a surprising second place is midfield team McLaren. The team has to pay $1,590,909 to their drivers for the upcoming Silverstone race. Young prodigy Lando Norris has the largest wage bill in McLaren’s driver lineup, with 8-time Grand Prix winner Daniel Ricciardo settling for $5m less than his teammate. Considering the team doesn’t regularly battle for podium places (or even points on some tracks), it’s interesting to see how high their wage bill is relative to their recent success (or lack thereof).
Current Constructors and Drivers Championship leaders is Red Bull Racing. The Milton Keynes-based outfit is getting significant value for money out of their current driver lineup, paying out $1,500,000 cumulatively for their drivers this Silverstone race. With wins and podiums apiece, Red Bull’s Max Verstappen and Sergio Perez look very strong this season, and will surely challenge for both titles available in F1.
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