Formula 1 is one of the most expensive sports in the world. Drivers not only earn from race salaries and prize money but also from sponsorships, endorsements, and smart investments. While exact net worth figures vary depending on sources, the following seven drivers are widely recognized as the wealthiest in the sport’s history and present.
7. Jenson Button – $150 million (estimated)
The 2009 world champion, Jenson Button, made a fortune during his long F1 career with teams like Brawn GP and McLaren. After retirement, he has stayed active as a TV pundit, brand ambassador, and co-owning the Jenson Button Enterprises (JBXE) Extreme E team, which keeps adding to his wealth.
6. Kimi Räikkönen – $168 million (estimated)
Nicknamed “The Iceman,” Kimi Räikkönen is one of the most popular F1 drivers. He became the world champion in 2007 with Ferrari and over his two-decade career earned some of the largest driver salaries. Even after retiring in 2021, Kimi continues to build his fortune through investments and brand partnerships.
5. Niki Lauda – $200 million (estimated)
Three-time world champion Niki Lauda was not only a racing legend but also a successful businessman. After retiring, he built wealth through airline ventures, media work, and his role as Mercedes’ non-executive chairman, which was vital to the team’s modern success. His financial achievements matched his racing greatness.
4. Max Verstappen – $217 million (estimated)
The current star of Formula 1, Max Verstappen, has quickly risen into the list of the wealthiest drivers. As a multiple-time world champion, his Red Bull contract makes him one of the highest-paid athletes in the world. Combined with endorsements and bonuses, Verstappen’s earnings are growing rapidly, and his wealth is expected to keep rising in the coming years.
Also read: Asia Cup 2025: India Beats South Korea 4-1 to Win 4th Men’s Hockey Title
3. Fernando Alonso – $260 million (estimated)
Fernando Alonso has enjoyed a long and successful F1 career with two world titles. His wealth comes not only from racing contracts but also from his karting business, sponsorship deals, and racing projects outside F1, such as endurance racing. Known for his competitive spirit, Alonso remains one of the sport’s biggest earners even in his 40s.
2. Lewis Hamilton – $434 million (estimated)
Seven-time world champion Lewis Hamilton is the richest active F1 driver. He is one of the highest-paid athletes in the world, now racing with Ferrari. Along with his massive salary, he also earns from major brand deals with Tommy Hilfiger, Puma, Monster Energy, and other
global companies. Hamilton has also invested in fashion, music, and film, making him a global icon beyond the racetrack.
1. Michael Schumacher – $600 million (estimated)
Michael Schumacher remains the richest Formula 1 driver of all time. During his career, he was the face of Ferrari’s dominance in the early 2000s and commanded record-breaking salaries. He also had long-standing deals with brands like Ferrari, Mercedes, and luxury sponsors. Even after retirement, his legacy continues to generate income through endorsements and licensing.
Conclusion
From legends like Schumacher and Lauda to modern champions like Hamilton and Verstappen, Formula 1 drivers have proven that success on the track often translates into long-lasting wealth. Smart investments, sponsorships, and global recognition keep them among the richest athletes in the world.
Written by Kinjal Walantra
