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The notion that Formula 1 is a sport only played by the rich could be a tad bit wrong because there are successful drivers in F1 who had humble beginnings. They might not be from the trenches of poverty, but by the standards of how rich the sport is. They were fairly poor compared to their fellow competitors. They have risen to the top based on their hard work and determination, leading to higher wages as professional drivers. Formula 1 drivers are paid their wages based on their skill set, the maximum number of races won, along media value. For example, a player might not have won too many championships or races, but their face value is quite high based on their public persona, along with the team they drive for. For example, Ferrari has significantly struggled in recent years to win a championship, but their brand value is so high that their track performance does not affect their fan following and hype.
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Top 5 Richest Formula 1 Drivers
It must be noted that this list focuses on the top 5 richest Formula 1 drivers who are currently active in their careers and driving for their respective teams.
- Lewis Hamilton
Lewis Hamilton is a seven-time world champion in Formula One. He has a net worth of 300 million dollars. He debuted in 2007 with McLaren. After a couple of successful years and a championship win, he moved to Mercedes in the year 2013. He went on to win 6 more championships until the rise of Max Verstappen, the Red Bull driver. Currently, he drives for Scuderia Ferrari at the age of 40, and many people suspect he plans on retiring from Formula 1 with this team.
2. Fernando Alonso
Fernando Alonso has been racing for a long time now, with his debut in the year 2001. He currently drives for Aston Martin and has a net worth of 260 million dollars. He has won the world championship 2 times. There is a famous running joke in Formula 1 that no matter how many old drivers retire and new drivers come in, Alonso will continue to be the rookie driver for a long time due to his longevity and consistency as a good, stable driver for so many years while most of his competitors retired from the sport.
3. Max Verstappen
Max Verstappen is officially the youngest driver to compete in Formula 1 at the age of 17 in 2016. He has a net worth of 217 million dollars. When he started driving for Red Bull, he was not even legal to drive as per the country's laws! This gives a clearer idea of just how good a driver this kid was. He won his first championship in the year 2021, beating Lewis Hamilton, causing a lot of controversy, as many people had the opinion that Hamilton deserved that championship. He went on to dominate the championship for the next 3 consecutive years, establishing himself as a legendary driver.
4. Charles Leclerc
With a net worth of 125 million dollars, Charles Leclerc is perhaps the most popular Formula 1 driver on the Internet. He is known as the ‘golden boy of Ferrari’. He garners a lot of fan following and attention, as many people believe him to be one of the most handsome men in the world currently. He continues to drive for Scuderia Ferrari and will continue to be their poster child.
5. Carlos Sainz
Carlos Sainz is a Spanish Formula 1 driver who currently drives for Williams Racing. He has a net worth of around 100 million dollars. He was earlier with Scuderia Ferrari as a partner of Charles Leclerc, where he gained significant fan following and attention from the fans. People loved the chemistry between the two Ferrari teammates. He was earlier with McLaren, where he was again loved for this friendly banter with his teammate Lando Norris. Carlo Sainz is a public favourite driver on the grid and has a lot of fans.
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