Formula One superstar Lewis Hamilton’s runaway lead doesn’t stop on the track.
The seven-time world champion is reportedly earning over $60 million more than his Mercedes teammate Valtteri Bottas and an estimated $75.2 million more than the lowest salary on the grid, Antonio Giovinzazzi.
The 2020 salaries of all twenty Formula 1 drivers have been revealed in the 2020 edition of Business Book GP, a financial monitor for racing.
The figures – which exclude endorsements – are simply eye-watering.
SEE THE FULL LIST BELOW!
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Ferrari’s Sebastian Vettel sits in the number two spot on $57m, despite sitting 13th in the championship with just one podium this season!
But the F1 veteran will have to cop a significant pay cut when he moves to Aston Martin from Ferrari for the 2021 season.
Australian Daniel Ricciardo comes in third on $32 million for the year – plus he’s believed to make over $2.7 million in lucrative endorsement deals, according to Forbes.
Ricciardo slotted in at number 48 on the Forbes list of highest-paid athletes for 2020, one shy of veteran NFL quarterback Matt Ryan.
Hamilton was #13 on the list, with $16m in endorsements topping up his already staggering salary.
And Vettel’s whopping salary was good enough for 32nd on the Forbes list, just ahead of tennis legend Serena Williams.
There is an estimated $26 million wage difference between Ricciardo and Renault teammate Esteban Ocon.
It is expected that Ricciardo will take a substantial pay cut and instead will receive a per- point bonus when he moves to McLaren next year.
In terms of who is best value for money, gpblog.com puts Pierre Gasly (AlphaTauri), Lando Norris (Mclaren) and Lance Stroll (Racing Point) at the top of the list based on points they have earned this season.
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BIG CHANGES COMING
Formula 1 teams have ‘agreed in principle’ to a proposed salary cap for teams to pay drivers which is expected to commence in 2023.
Teams would be able to spend excess, but it ultimately would come out of the annual budget cap for the entire team.
Hamilton – likely to be affected the most – is yet to sign a contract for the 2021 season and beyond.
The Brit admitted he was “surprised” by the proposal, but disagrees that it has anything to with his delay in signing a new contract.
EVERY DRIVER’S 2020 SALARY
1. Lewis Hamilton (Mercedes): $76M
2. Sebastian Vettel (Ferrari): $57M
3. Daniel Ricciardo (Renault): $32M
4. Max Verstappen (Red Bull Racing): $26M
5. Valtteri Bottas (Mercedes): $15M
6. Charles Leclerc (Ferrari): $15M
7. Kimi Raikkonen (Alfa Romeo): $10M
8. Carlos Sainz (McLaren): $7M
9. Sergio Perez (Racing Point): $6M
10. Esteban Ocon (Renault): $6M
11. Romain Grosjean (Haas): $3.2M
12. Kevin Magnussen (Haas): $3.2M
13. Alex Albon (Red Bull): $3.2M
14. Lando Norris (McLaren): $2.4M
15. Lance Stroll (Racing Point): $2.4M
16. Pierre Gasly (Alpha Tauri): $2.4M
17. Daniil Kvyat (Alpha Tauri): $2.4M
18. George Russell (Williams): $1.2M
19. Nicholas Latifi (Williams): $1.2M
20. Antonio Giovinazzi (Alfa Romeo): $800K