Ferrari’s Sebastian Vettel on top – the Four-time world champion is the highest paid F1 driver going into the 2016 F1 season with 3 year deal. He is also one of the top paid sportsman in the world.
McLaren’s Fernando Alonso is getting salary of $40 million annually including bonus and sponsors earnings.
Defending world champions Lewis Hamilton is getting salary of $31 million and up to $10 million in bonuses; in fact he is the second highest paid driver behind Vettel in 2016. Lewis is currently the richest United Kingdom sportsman in the with wealth of (£88 million).
We collect the data from various sources, one thing is there have been not many changes in team line-ups, but few teams renew the contract and Haas F1 the only team made brand new selection for 2016 F1, below added the driver’s deal on 2016 line-up.
F1 Drivers Salaries 2016 – Contract Details
F1 teams spend on drivers in 2015:
1. Ferrari $50.15m
2. McLaren-Honda $49.06m
3. Mercedes $41.97.5m
4. Force India $8.72m
= Lotus F1 team $8.72m
6. Williams $6.54m
7. Red Bull Racing $2.45m
8. Scuderia Toro Rosso $545,110
9. Sauber $436,088
10. Manor $218,044