Number of World Championships: 0. Number of World Championships: 0. © 2020 Collantine Media Ltd | About RaceFans. Country of origin: Finland The table heading does say “estimates”; I’m betting this particular figure is incorrect. Max Verstappen’s four-year deal with Red Bull and Honda likely includes healthy championship and podium bonuses over and above points money. During pre-season testing the word in the paddock was that Lewis Hamilton is looking to renew his package with Mercedes at $50m, with bonuses potentially escalating that to total annual earnings of $80m. All Rights Reserved. Renault seems to be the team which is paying the highest premium to attract drivers. If Ferrari / Mercedes / Red Bull can’t afford to pay the big salaries in future, they simply won’t. If there are a number of other employees doing the same work as you do, would you feel equally valued if one of more of your fellow employees are being paid two, three, 5 times more than you are? Read this complete article to about the Formula 1 driver salaries. According to the Formula 1 drivers salaries for the upcoming season 2020 contracts extension. Still, I don’t view his abilities and performance outcomes as being 5 times more valuable than Bottas’s. Stephen Crowsen (@drycrust) 31st March 2020, 5:13. It’s not for nothing that a number of individuals have been calling for a fundamental reform, or even the abolition, of the salary cap system that the NHL uses amid complaints that it’s a system designed to benefit the team owners at the expense of the players and that it is open to abuse. Driver’s salary is self-regulated market. Grosjean worth more than Raikkonen? Empathy is not something that has to be learnt through experience, empathy is something we should have naturally and is disappointing that we as a human race cannot grasp that or relate to something unless we experience that hard ship oursolves. Number of World Championships: 0. I was fully enjoying this article until the writer made these two comments, 1. If the top teams want to throw money at them, let them; that is not what is holding the smaller teams back. And, in light of current circumstances, unjustifiable. Since signing with Ferrari in 2015, Vettel’s career hasn’t exactly been as consistent or extraordinary. F1 driver Lewis Hamilton races for Mercedes and currently makes £40 million a year. The cost of operating a mid-tier team is expected to be around US$120 million, which goes toward job creation, political manoeuvring, R&D, and driver’s salaries, among other things. Racing team: Racing Point Lewis Hamilton is the richest sportsperson in Britain as per Forbes. In addition, Raikkonen also finished second overall in 2003 and 2005, and third in 2008, 2012 and 2018. Jimmi Cynic (@jimmi-cynic) 30th March 2020, 20:55. However, “Grands Prix” is derived from French origin meaning Grand Prizes. Which you would know more about than most, heck even me – I don’t work in F1, I’m only a fan. Country of origin: Monaco See the Comment Policy and FAQ for more.If the person you're replying to is a registered user you can notify them of your reply using '@username'. Number of World Championships: 1. frood19 (@frood19) 30th March 2020, 13:05. do drivers like stroll and latifi actually take a salary, as such? We're Giving Away 7 SUUNTO 7's Worth $799 Each! © 2020 - SportingFree. Is Vettel producing race outcomes/performance that is 3 times better than LeClerc? RaceFans Supporters are not shown this message or other adverts on the site F1 driver Max Verstappen races for Red Bull and recently made £10 million a year. Is it appropriate for drivers to pull this sort of money while the sport is haemorrhaging money faster than one of Hamilton’s pole laps? Sorry, your blog cannot share posts by email. While we may be interested, not really our business. That IMO creates the wrong impression about what they do and not only what it takes, but what it took to get there in the first place. All the financial information of the Lewis Hamilton career taken from trusted sources, his net value may fluctuate in future because currently he is active driver and winning the world championship back to back season. Hamilton earns a yearly salary of $31 million (£20.9m) as per his 3-year Contract with Mercedes and his total net worth estimated to be around $150 million. Country of origin: Belgium I am much more in agreement with one driver achieving a decent amount greater overall yearly salary, where that yearly salary is based on actual performance bonus salary, rather than a crazily disproportionate yearly salary before actual performance outcomes are known. Country of origin: UK https://www.google.ca/amp/s/www.broadstreethockey.com/platform/amp/2019/7/24/20706791/how-the-nhl-could-fix-the-salary-cap-cba. They’re NOT paid to risk their lives, it’s safer than driving a normal car on the road! And, in light of current circumstances, unjustifiable.”. Each season consists of a series of races—better known as Grand Prix—on roads and circuits around the world. We’ll leave that one for the fans and haters to hash out! In conclusion: F1 drivers are paid that much because a lot of people think they are worth it. Among current racing drivers, Lewis Hamilton has the greatest net worth.