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2016 Formula One Driver Salaries

2016 Formula One Driver Salaries

Considering that Formula One’s affairs are held to up the highest and most luxurious standards, it stands to reason that the drivers on the circuit are surely making a boat-load of moolah just as well.

Exactly how much are the F1 stars about to earn this 2016? Let’s find out below. And to be on top of the latest happenings of the sport, check out our complete preview for this week’s Canadian Grand Prix right after this.

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2016 Formula One Driver Salaries


Even though Lewis Hamilton is Formula One’s undoubted top dog and main attraction, he apparently does not have the most lucrative contract amongst all drivers. That distinction goes to Ferrari’s Sebastian Vettel, who takes home a cool $50 million paycheck annually on top of various performance incentives.

However, Hamilton shouldn’t bee too discouraged about being just the third-highest paid driver with his new contract. His yearly haul of $31 million is no joke, and he even stands to win up to $10 million more per year through various bonuses that he’ll likely meet close to the full amount considering his superior form for the past few seasons.

In general, 13 drivers are guaranteed to become instant millionaires this 2016. Living life on F1’s fast lane sure has tremendous rewards, eh?

Complete Listing of 2016 F1 Driver Salaries

Driver Constructor Contract
Sebastian Vettel Ferrari 2 years (2015-17); $50 million first year, $30 million a year afterwards plus bonuses
Fernando Alonso McLaren 2 years (2015-17); $40 million max a year plus bonuses
Lewis Hamilton Mercedes 3 years (2016-18); $31 million a year plus bonuses of up to $10 million per year
Kimi Raikkonen Ferrari 1-year extension; $7 million plus bonuses of up to $10 million
Nico Rosberg Mercedes 3 years (2015-17); combined $55 million
Jenson Button McLaren 1-year extension; $11.6 million
Felipe Massa Williams 1-year extension; $4.45 million
Nico Hulkenberg Force India 2-year extension (2016-17); $4 million
Daniel Ricciardo Red Bull last year of current contract; $5.5 million guaranteed plus bonuses
Sergio Perez Force India multi-year deal; $3.2 million a year
Romain Grosjean Haas F1 1 year; $3.2 million
Pastor Maldonado Renault 1 year; $3.2 million
Valtteri Bottas Williams 1-year extension; $3.3 million
Daniil Kvyat Red Bull unspecified period; $750,000 per year
Max Verstappen Toro Rosso Multi-year contract (c/o Red Bull); $512,000 per year
Carlos Sainz Toro Rosso 1 year; $370,000
Marcus Ericsson Sauber 1 year; $185,000
Felipe Nasr Sauber 1 year; $185,000

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Written by Mark

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