F1 salaries: who are the highest paid drivers in 2023?

Two-time world champion Max Verstappen has an improved deal at Red Bull

19= Yuki Tsunoda (AlphaTauri) will earn $1,000,000 in 2023, according to spotrac.com, making him the joint lowest paid F1 driver in 2023. PA

19= Logan Sargeant (Williams) $1,000,000. EPA

14= Guanyu Zhou (Alfa Romeo) $2,000,000. PA

14= Nyck de Vries (AlphaTauri) $2,000,000. PA

14= Lance Stroll (Aston Martin) $2,000,000. Victor Besa / The National

14= Nico Hulkenberg (Haas) $2,000,000. Getty

14= Oscar Piastri (McLaren) $2,000,000. AFP

13. Alexander Albon (Williams) $3,000,000. Getty

10= Pierre Gasly (Alpine) $5,000,000. Victor Besa / The National

10= Fernando Alonso (Aston Martin) $5,000,000. Reuters

10= Kevin Magnussen (Haas) $5,000,000. Reuters

9. Esteban Ocon (Alpine) $6,000,000. Getty

8. George Russell (Mercedes) $8,000,000. AFP

6= Valtteri Bottas (Alfa Romeo) $10,000,000. AFP

6= Sergio Perez (Red Bull) $10,000,000. Getty

5. Carlos Sainz (Ferrari) $12,000,000. AFP

4. Lando Norris (McLaren) $20,000,000. PA

3. Charles Leclerc (Ferrari) $24,000,000. Reuters

2. Lewis Hamilton (Mercedes) $35,000,000. Getty

1, Two-time world champion Max Verstappen (Red Bull) will be the top paid F1 driver in 2023, according to sportrac.com, with a salary of $55,000,000. Victor Besa / The National

Formula One world champion Max Verstappen had a dream 2022 season, holding on to his crown with ease and races to spare.

While Charles Leclerc's challenge in his Ferrari looked serious early on, ultimately it was the Red Bull driver who slipped into another gear as he won the drivers' title by a massive 146 points from the Monegasque, with Sergio Perez back in third.

In contrast, seven-time champion Lewis Hamilton had a season to forget, finishing sixth in the standings without a Grand Prix win, and overshadowed by his Mercedes teammate George Russell, while both struggled with reliability issues.

Despite the disappointment, Hamilton spent 2022 as the best paid driver in Formula One — but has that salary league changed ahead of the first race of 2023, the Bahrain Grand Prix on March 5?

Above is a photo gallery of the drivers in Formula One and their annual salaries for the 2023 F1 season, according to spotrac, an online sports team and player contract website.

To move on to the next image, click on the arrows, or if you're using a mobile device, simply swipe.

Who is Formula One's highest paid driver?

Verstappen has been rewarded for winning the F1 world championship for the last two seasons, and in 2023 will earn a salary of $55 million, according to spotrac.com, taking him ahead of Hamilton for the first time.

The 20 F1 drivers and their salaries

1. Max Verstappen (Red Bull) $55 million

2. Lewis Hamilton (Mercedes) $35 million

3. Charles Leclerc (Ferrari) $24 million

4. Lando Norris (McLaren) $20 million

5. Carlos Sainz (Ferrari) $12 million

6= Sergio Perez (Red Bull) $10 million

6= Valtteri Bottas (Alfa Romeo) $10 million

8. George Russell (Mercedes) $8 million

9. Esteban Ocon (Alpine) $6 million

10= Kevin Magnussen (Haas) $5 million

10= Fernando Alonso (Aston Martin), $5 million

10= Pierre Gasly (Alpine) $5 million

13. Alexander Albon (Williams) $3 million

14= Oscar Piastri (McLaren) $2 million

14= Nico Hulkenberg (Haas) $2 million

14= Lance Stroll (Aston Martin) $2 million

14= Nyck de Vries (AlphaTauri) $2 million

14= Guanyu Zhou (Alfa Romeo) $2 million

19= Logan Sargeant (Williams) $1 million

19= Yuki Tsunoda (AlphaTauri) $1 million