Out of all the formula of racing, Formula 1 has turned out to be a widespread form of racing since last few years. Every year, it is noticed that the great speeds, the sharp turns, and skillful formula 1 drivers win hearts of fans all over the world.
Formula 1 is a method of racing which was started before a century ago, back in year 1906 and since then it has gathered millions of fans by now. It is seen that media attention on television as well as the internet has facilitated racers to turn out as millionaires simply by racing high-speed vehicles through closed tracks.
Are you interested in what are the earning figures of topmost formula 1 drivers and how they have managed to do so? Well, below article will help you to get related information:
Here are the top 10 Highest Paid & Richest Formula 1 Drivers in the world 2018
Table of Contents
- 10. Nico Rosberg – $30 million
- 9. Sebastian Vettel – $45 million
- 8. Alain Prost – $70 million
- 7. David Coulthard – $70 million
- 6. Jenson Button – $100 million
- 5. Lewis Hamilton – $110 million
- 4. Kimi Raikkonen – $180 million
- 3. Eddie Irvine – $180 million
- 2. Fernando Alonso – $220 million
- 1. Michael Schumacher – $780 million
10. Nico Rosberg – $30 million
Nico Rosberg is familiar as last season’s runner-up to Lewis Hamilton, securing second place finish in year 2014 drivers’ championship and holding a good position till date. He has been involved in Formula One driving since year 2006, performing his foremost three seasons with Williams prior to connecting with Mercedes.
He has devoted his latest five seasons in formula 1 racing and lasts to race with present racing. In year 2016, Rosberg lastly became Formula One World Champion after performing a strong contest with Hamilton, which was unsure until the last race, held in the Abu Dhabi Grand Prix. After accumulating sufficient wealth, Rosberg has asserted his retirement from this sport in December 2016.
9. Sebastian Vettel – $45 million
In the area of formula 1 racing, Vettel is acknowledged as the youngest driver to win the drivers’ championship till date, as well as famous as the youngest ever runner-up and the youngest driver to win a race. He is too known as four-time global champion who is the joint-third most effective F1 driver till date, after only Juan Manuel Fangio and Michael Schumacher Vettel has contracted a new agreement with Ferrari this year, and he is prepared to increase his wealth to almost double and boost up this list over the coming year too. Vettel has contracted a three-year deal worth of $50 million for the initial year and also a $30 million for the last two after that.
8. Alain Prost – $70 million
Identified as the oldest man on the list, Alain Prost is at present around 60 years of age and started his F1 career in year 1980 with McLaren. This F1 driver too drove for Ferrari, Renault, and Williams, prior to his retirement in year 1993. He is actually a four-time F1 world champion, after F1 racers like Fangio and Schumacher.
In his racing career, Prost was bestowed as four driver championships, finished for four times as a runner-up and once finished outside the topmost five in 13 different seasons of racing. This achievement of Prost, clearly depicts his consistent career for which he grossed high wealth. In year 1999, Prost acquired the World Sports Awards of the Century in the category of motor sport depicting his high wealth.
7. David Coulthard – $70 million
After serving as F1 driver for 14 years, David Coulthard took retirement from this sport in year 2008. Coulthard has raced for nine seasons with McLaren, two with Williams, as well as four with Red Bull. Till date, Coulthard has not won a championship but he was reliably in the high reaches of positions between years 1995 and 2003. He completed as a runner-up in 2001, and placing third in years1995, 1997, 1998 and 2000.
This F1 driver resides in Monaco; however he possesses asset in countries like Belgium, England, as well as Switzerland due to his rich wealth. After he accepted retirement from Formula One, Coulthard collaborates with Red Bull as a counsellor and collaborated with the BBC in form of a commentator as well as expert for their coverage of Formula One sports. Since year 2016, he has functioned as a commentator as well as analyst for Channel 4, which recommend his secondary source of wealth.
6. Jenson Button – $100 million
Jenson Button has worked as an excellent rider in Formula One field since year 2000, and the most turning moment in his career arrived in 2009, when he turned out as a global champion with Brawn GP. In his entire career, Button has raced for Benetton, Williams, Renault, BAR as well as Honda, Brawn/Mercedes and by now he raced for McLaren. Alike to several F1 drivers, Button resides in the princedom of Monaco, but he too owns lavish assets in the countries like Bahrain and UK.
You can estimate the richness of this F1 driver as he has purchased an extensive collection of vehicles like Brawn BGP 001(won in one championship), a Honda NSX Type R, a Honda S600, a Nissan GT-R, a VW Campervan, a Bugatti Veyron and a collection of Ferraris, including an Enzo.
5. Lewis Hamilton – $110 million
Lewis Hamilton is now 30-year-old and became the champion for the second time previous year, as well as he has become champion in the early time of the season championship too. Glancing at his latest contracts, his recent agreement with Mercedes is worth a basic pay-out of around $30.1 million per year, with performance associated bonuses of around $10 million a year.
This F1 racer also acquires an extensive array of lavish cars like Mercedes, two AC Cobras as well as lastly he purchased the $1.5 million worth Ferrari LaFerrari. You can estimate his prosperity, as Hamilton has endorsement contracts with Tag Heuer, Santander, and Reebok, and is shortly Britain’s maximum earning athlete, exceeding that of Wayne Rooney, Jenson Button, and Andy Murray.
4. Kimi Raikkonen – $180 million
Kimi Raikkonen raced with McLaren, Ferrari and Sauber, prior to leaving Formula One in year 2010; he did come back in this racing field in year 2012, with Lotus, prior to re-joining Ferrari in year 2016. Raikkonen was the finest paid racer all over the globe in year 2007 when he collaborated with Ferrari. This Finnish driver also acquires a Motocross World Championship team that suggest his prosperity. He was positioned 36th on the magazine’s The Celebrity 100 list of year 2008, as well as he was ranked 41st last year. Raikkonen had a long career of success in field of karting right from childhood in the early age of 10.
3. Eddie Irvine – $180 million
Eddie Irvine has funded little less contribution to formula 1 driving as he has just four races out of the 148 he contributed in. All of these originate in year 1999 season when he finished second season. Irvine turned out as F1 racer for 10 seasons in F1, while racing for Ferrari, Jordan, and Jaguar. He has a less memorable racing history in comparison to many competitors and a large amount of his wealth is not from his work on the track. The reason is Irvine has capitalized in asset throughout his life and presently acquires more than 50 properties and a sports compound in Bangor as well.
2. Fernando Alonso – $220 million
It is identified that Fernando Alonso began doing karting at the early age of three. This racer was actually a two-time world champion as well as three-time runner-up, which is the lowest position Alonso has finished a season is sixth till date. This steady excellence in his career has made him one of the utmost paid drivers all over the world and presents him the astonishing prosperity which lets him to stand at second place on this list. By year 2016, Alonso is acknowledged to be the only Spanish driver to get a Formula One Grand Prix as well as he is the racer with the sixth maximum number of Grand Prix wins, with score of 32. He is normally stared as one of the utmost Formula One drivers and thus he is one of the richest formula 1 racers.
1. Michael Schumacher – $780 million
Schumacher is actually seven time world champion, and gazed as the most prosperous driver in history of F1 as well as he is the third wealthiest sportsman till date, behind only Michael Jordan and Ion Tiriac. Schumacher’s wealth equates to 43% of the entire top 10 Formula 1 drivers till date. He started F1 racing in year 1991 and got retired in year 2012, however he did take a four year break from year 2006 and 2010. For 19 seasons in his career, he raced for Jordan, Ferrari, Benetton, and Mercedes, winning two championships with Benetton as well as five with Ferrari.
F1 drivers are considered as the best auto racing drivers all over the world, but salaries are the greatest one of them noticed till date of any sportsperson. For many individual, Formula One racing is the dream job they would love to pursue if life had accepted some different turns. As they make careful contribution while racing, these racers frequently rewarded quite abundantly for it.