F1 drivers negotiate salaries and bonuses, with Verstappen leading in pay

Formula 1 drivers earn their income through team contracts rather than per-race prize money, as confirmed in a recent report. Max Verstappen tops the 2026 salary list with an estimated $70 million base salary, followed by Lewis Hamilton at $50 million and Lando Norris at $30 million. Norris’s pay increased significantly after his 2025 championship win, which also included substantial performance bonuses. F1’s total revenue was $3.87 billion in 2025, with team payouts based on Constructors’ Championship standings. The financial distribution structure rewards teams based on historical performance, impacting driver's earnings.

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