How Much Money Does A Formula 1 Racer Make

31 Mar, 2021

F1s biggest revenue stream comes from the sale of television rights which in the United States alone was worth 4 million a season in 2017. The Monaco Grand Prix is so important to the sport of Formula One that it is the only race on the calendar that doesnt pay to host a race.

A Closer Look At The Cost Of Running An F1 Team Planetf1

How does Formula 1 make its money.

How much money does a formula 1 racer make. In fact in 2014 total revenue was around 18 billion. F2 and F3 are. Red Bull 1400000 Romain Grosjean.

McLaren 4000000 Nico Hulkenberg. Depends mostly on how good a driver you are and then the team you are with. Formula 1 world champion Lewis Hamilton is once again the best paid driver on the grid as he is still within his mega contract that was agreed until the conclusion of the 2020 campaign.

Ferrari 3500000 Carlos Sainz. According to the video all teams that have participated in the championship for a minimum of three seasons get a royalty payment of 36 million which means the boys and girls at. WTF1 put together a short video showing us how F1 teams make their money throughout the season.

Haas 1800000 Sergio Perez. 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. Mercedes 8500000 Max Verstappen.

Red Bull 13500000 Daniel Ricciardo. In 2013 the driver salaries are in the range of 150 thousand to 20 million pounds. The salary for a Formula One driver can swing wildly from one competitor to the next.

Sauber 4500000 Valtteri Bottas. Getty Images Formula One could make an estimated 530 million of revenue even if the coronavirus pandemic drives down its tally of races to just eight events the minimum number required for it. In second place was Sebastian Vettel at 57 million.

As things stand 12 current drivers will be out of contract at the end of this year. 21 rows Racing Point 1200000 Pierre Gasly. Each of the motor sports 17 races produce an average revenue of 229 million per event -- nearly ten times that of its closest competitor the National Football League.

Hamilton is F1s star draw and its biggest earner. Meanwhile Formula 1 revenue is growing every year. The top three remains unchanged with Hamilton being joined by Sebastian Vettel in second and Daniel Ricciardo in third with the Australian joining Renault from Red Bull in a huge deal prior to last season.

At any level below the pinnacle F1 LeMans Prototypes GT LeMans the drivers are almost always bringing sponsorship money. 24 rows Lewis Hamilton currently highest earning Formula 1 driver on annual base salary. Most of it goes to the team owners and the series organizers.

Driver Lewis Hamilton earns as much as 40 million a year but thats well above the average. Except for the drivers just about everyone gets money. It turns out theres a lot more to it than just prize money for.

Unlike the rest of the paupers on the Formula One calendar who pay an estimated 28 million- 312 million to jump start their tourism industry Monaco pays absolutely nothing. Then comes 03 million 03 million of financial income and 1 million 09 million of tax giving Toro Rosso a 18 million 17 million net profit. The CVC parent company of Formula 1 group is responsible for distributing the prize money.

Renault 4500000 Kimi Raikkonen. In 2018 Hamilton signed two years contract deal with Mercedes Meclarn F1 for 51 million a year 100 million total value of contract. Lewis Hamilton 60 million annual salary remain the highest paid driver in F1 2020 season.

Racing Point 3500000 Charles Leclerc. Formula 1 Pit Crew Members Salaries 2021 Revealed Personnel. At the other end of the spectrum is Alexander Albon who earns 130000 a year.

Revenue from one race can range between 100 million to 140 million. Number three was Daniel Ricciardo 32 million followed by Max Verstappen 26 million and Valtteri Bottas 15 million.

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