Formula 1: How much money did all 20 drivers make in 2020?
By Asher Fair
How much did each of Formula 1’s 20 full-time drivers make throughout the 2020 season? The range from highest to lowest earner is quite wide.
The 2020 Formula 1 season came to an end back on Sunday, December 13 with the Abu Dhabi Grand Prix at Yas Marina Circuit. This race capped off what ended up being a coronavirus pandemic-shortened 17-race season, one that had been set to be a record-breaking 22-race season.
Just nine races on the initial 22-race schedule ended up being run in 2020, with eight more added to make up for the 13 casualties caused by the threat of COVID-19 and the restrictions imposed by governments across the globe because of it.
The season was scheduled to get underway in mid-March with the Australian Grand Prix at Albert Park Grand Prix Circuit. That race turned into one of the 13 casualties, and the season ended up not getting underway until early July with what would have been the 11th race, the Austrian Grand Prix at the Red Bull Ring.
Three of the sport’s 20 full-time drivers ended up missing time as a result of COVID-19, but nobody missed more than two races.
How much money did each of the 20 full-time competitors make throughout the 2020 season?
NOTE: All money figures from RaceFans. Teams sorted by constructor standings finish. Endorsements not included.
Mercedes
- Lewis Hamilton: $40 million (1st overall)
- Valtteri Bottas: $8 million (T-6th overall)
- Team total: $48 million (1st overall)
Red Bull
- Max Verstappen: $25 million (3rd overall)
- Alexander Albon: $2.5 million (14th overall)
- Team total: $27.5 million (3rd overall)
McLaren
- Carlos Sainz Jr.: $8 million (T-6th overall)
- Lando Norris: $2 million (T-15th overall)
- Team total: $10 million (7th overall)
Racing Point
- Sergio Perez: $8 million (T-6th overall)
- Lance Stroll: $3 million (13th overall)
- Team total: $11 million (6th overall)
Renault
- Daniel Ricciardo: $20 million (4th overall)
- Esteban Ocon: $5 million (T-10th overall)
- Team total: $25 million (4th overall)
Ferrari
- Sebastian Vettel: $30 million (2nd overall)
- Charles Leclerc: $10 million (5th overall)
- Team total: $40 million (2nd overall)
AlphaTauri
- Pierre Gasly: $2 million (T-15th overall)
- Daniil Kvyat: $2 million (T-15th overall)
- Team total: $4 million (9th overall)
Alfa Romeo
- Kimi Raikkonen: $5 million (T-10th overall)
- Antonio Giovinazzi: $1 million (T-18th overall)
- Team total: $6 million (5th overall)
Haas
- Romain Grosjean: $7 million (9th overall)
- Kevin Magnussen: $5 million (T-10th overall)
- Team total: $12 million (8th overall)
Williams
- George Russell: $1 million (T-18th overall)
- Nicholas Latifi: $1 million (T-18th overall)
- Team total: $2 million (10th overall)
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Only 12 of these 20 drivers are set to return to the same teams for 2020.
Alexander Albon has been replaced by Sergio Perez at Red Bull. Perez has been replaced by Sebastian Vettel at Racing Point, which have been rebranded as Aston Martin, while Vettel has been replaced by Carlos Sainz Jr. at Ferrari. Daniel Ricciardo has replaced Sainz at McLaren, while Fernando Alonso has replaced Ricciardo at Renault, which have been rebranded as Alpine.
Daniil Kvyat has been replaced by Yuki Tsunoda at AlphaTauri, and Haas have overhauled their driver lineup, bringing in Mick Schumacher and Nikita Mazepin to replace Romain Grosjean and Kevin Magnussen.
The record-breaking 23-race 2021 season is scheduled to get underway with the Bahrain Grand Prix this Sunday, March 28 at Bahrain International Circuit. ESPN is set to broadcast this event live beginning at 11:00 a.m. ET. The season is scheduled to run through Sunday, December 5.