Formula 1 Drivers Salaries 2016 Earning Details

Formula 1 is the highest class of single seat auto racing that is sanctioned by the federation international de automobile. The racing drivers are required to be holders of valid super license the highest class racing license issued by the FIA. The formula one car are the fastest road racing in the world owing to very high cornering speed achieved through the generation of large amounts of aerodynamic down force.

A pay driver is a driver for a professional auto racing team who instead of being paid by their car owner drives for free and brings with him either personal sponsorship or personal or family funding to finance the team operations. This may be done to gain on track experience or to live the lifestyle of a driver in a particular series when one is talent or credentials do not merit a paying ride.

Sebastian Vettel for four times formula 1 world champion racer. Vettel getting 3 years contract worth a massive $110 million guaranteed plus bonuses. Teams willing to accept pay drivers are often at the back of the grid and struggling financially. Former formula one driver Ricardo Rosset and Alex Yoong were notorious for how much money their families spent to finance their F1 racing careers. Here are the best Formula 1 driver’s salaries details 2016.

Formula 1 Drivers Salaries 2016 Earning DetailsFormula 1 Drivers Salaries 2016 Earning Details

  1. Lewis Hamilton:

Lewis Hamilton was born 7 January 1985 a British formula one racing driver from England currently racing for the Mercedes AMG Petrons team. He is the 2008, 2014 and the 2015 world champions. Hamilton inked a three year contract extension in May to drive for Mercedes F1 team. The deal kicks in with the 2016 season and could pay out more than $140 including bonuses. Hamilton won his second F1 world championship last year and is headed towards a third in 2015.

2. Sebastian Vettel:

Sebastian Vettel was born 3 July 1987 a German racing driver currently driving in formula one for Scuderia Ferrai. He is contracted to remain in that role until at least the end of 2017. He is a four time formula one world champion having won the champion in 2010, 2011, 2012 and 2013 with red bull racing. Vettel earns almost 29 times as much as Ricciardo yet the young Aussie is sitting above him on the driver standings. $30m a year plus bonuses afterwards make him a highest paid driver in 2016 lineup.

3. Fernando Alonso:

Fernando Alonso was born 29 July 1981 a Spanish formula one racing driver and a double world champion who is currently racing for McLaren Honda. Alonso has yet to score a single point this season following his switch to McLaren Honda but he will banking no less than $39 million international media reports quote business book as having found. He signed a 2 year contract with option to extend into third year with annual salary.

4. Janson Button:

Jenson Button was born 19 January 1980 a British formula one driver from England currently driving for McLaren. He is the 2009 formula one world champion driving for Brawn GP. Button began karting at the age of eight and achieved early success before progressing to car racing in the British formula ford championship and the British formula 3 championship. Jenson Button is suddenly rethinking his future in formula one for a salary of $15 million a year as a result of Fernando Alonso considering retiring from the sport.

5. Daniel Ricciardo:

Formula 1 Drivers Salaries 2016 Earning Details

Daniel Ricciardo was born 1 July 1989 an Australian racing driver who is currently competing in formula one for Infiniti red bull racing. He was won the British formula 3 championship in 2009. If you break it down Vettel earns almost 29 times as much as Ricciardo yet the young Aussie is sitting above him on the driver standings. His current salary with Renault red bull is around $5000,000 which is surely about to get doubled if not tripled.

6. Kimi Raikkonen:

Team: Ferrari

Salary: €18m

7. Nico Rosberg:

Team: Mercedes

Salary: €13.5m

8. Jenson Button:

Team: McLaren

Salary: €10m

9. Felipe Massa:

Team: Williams

Salary: €4m

10. Nico Hulkenberg:

Formula 1 Drivers Salaries 2016 Earning Details

Team: Force India

Salary: €4m

11. Sergio Perez:

Team: Force India

Salary: €4m

12. Romain Grosjean:

Team: Lotus

Salary: €4m

13. Pastor Maldonado:

Team: Lotus

Salary: €4m

14. Valtteri Bottas:

Team: Williams

Salary: €2m

15. Daniil Kvyat:

Formula 1 Drivers Salaries 2016 Earning Details

Team: Red Bull

Salary: €750,000

16. Max Verstappen:

Team: Toro Rosso

Salary: €250,000

17. Carlos Sainz:

Team: Toro Rosso

Salary: €250,000

18. Felipe Nasr:

Team: Sauber

Salary: €200,000

19. Marcus Ericsson:

Team: Sauber

Salary: €200,000

20. Will Stevens:

Team: Manor

Salary €150,000

21. Roberto Merhi:

Formula 1 Drivers Salaries 2016 Earning Details

Team: Manor

Salary: €50,000

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