In the wake of Lewis Hamilton grabbing headlines for being the richest sports person in Britain – for his fortune which is estimated to be around $150 million – we reveal the top earners in Formula 1.
On paper quadruple world champion Sebastian Vettel is the highest paid Formula 1 driver in 2016 with a record three year deal with Ferrari worth $150 million, excluding bonuses, which also makes him one of the highest paid sportsman in the world.
Next up is Fernando Alonso who signed record three year deal (2015-2017) with McLaren-Honda and has an annual salary of $40 million per year.
Hamilton has a three year deal with Mercedes worth $31 million a-year guaranteed salary, plus up to $10 million per annum in bonuses making him the third highest paid driver in the sport.
Jenson Button signed a one year extension with McLaren-Honda to remain with the team in 2016. The 2009 world champion is banking around $12 million a year, which is a pay cut compared to 2013 when he was earning $17 million a year.
Runaway championship leader Nico Rosberg, banks $15.5 million per year, which is almost a third less than his Mercedes teammate Hamilton.
Formula 1 2016 drivers contract details:
|Sebastian Vettel||Ferrari||$50 million plus bonuses||3 years (2015-17)|
|Fernando Alonso||McLaren||$40 million including bonuses||2 years (2015-17)|
|Lewis Hamilton||Mercedes||$31 million plus bonuses||3 years (2015-18|
|Kimi Raikkonen||Ferrari||$16 million including bonuses||1 year (2016)|
|Nico Rosberg||Mercedes||$15.5 million||3 years (2014-17)|
|Jenson Button||McLaren||$13 million||1 year (2016)|
|Daniel Ricciardo||Red Bull||$6.5 million a year||1 year left (2016)|
|Nico Hulkenberg||Force India||$5 million a year||2 years (2016-17)|
|Romain Grosjean||Haas||$4.5 million plus bonuses||1 year (2016)|
|Felipe Massa||Williams||$4.5 million a year||1 year (2016)|
|Valtteri Bottas||Williams||$3.5 million a year||1 year (2016)|
|Esteban Gutiérrez||Haas||$2 million||1 year (2016)|
|Sergio Perez||Force India||$2 million||Multi-year contract|
|Kevin Magnussen||Renault||$900,000||1 year (2016)|
|Jolyon Palmer||Renault||$900,000||1 year (2016)|
|Daniil Kvyat||Red Bull||$850,000||Unspecified|
|Carlos Sainz, Jr||Toro Rosso||$650,000||Multi-year contract|
|Max Verstappen||Toro Rosso||$650,000||Multi-year contract|
|Felipe Nasr||Sauber||$450,000||1 year (2016)|
|Marcus Ericsson||Sauber||$450,000||1 year (2016)|
|Pascal Wehrlein||Manor||Unknown||1 year (2016)|
|Rio Haryanto||Manor||Unknown||1 year (2016)|