Formula 1

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The salary each Formula 1 driver will earn in 2018 has been revealed

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With the start of a fresh season of Formula One action just over a month away, fans are gearing up to see what the 2018 season has in store.

It all begins at the Australian Grand Prix, which is scheduled to take place in Melbourne in late March.

The race in Australia will kick-start seven months of Motorsport action, with current champion Lewis Hamilton aiming for a fifth drivers' championship title, following his dominating triumph throughout the course of the 2017 season.

The 2017 season also heralded a new era in the franchise, when new owners Liberty Media took over ownership from the previous incumbent Bernie Ecclestone, with the new operators promising to freshen up Formula One.

On the track, it was a pulsating race between Hamilton and long-term rival Sebastian Vettel to see who would claim the title.

And the two drivers seem to also be neck-and-neck off it as well, this time in terms of the lucrative finances that they both earn driving for Mercedes and Ferrari respectively.

He may have concluded the 2017 season by finishing as runner-up to champion Hamilton, but it is the German Vettel who takes home the prize for the best-paid Driver on the Formula One circuit.

In figures released by TSM Sportz, Vettel is believed to earn $60m a year for driving for the Italian manufacturers Ferrari. Add on sponsorship deals and various clauses, and it is probably even more than that - not bad work if you can get it! 

F1 Grand Prix of Abu Dhabi

Vettel will be hoping to avenge Hamilton's triumph last season by challenging for a fifth World Championship crown, ahead of the Brit.

Meanwhile, Hamilton's financial earnings for his contract aren't too shabby either.

World Champion Hamilton earns an eye-watering $50m a year following his new Mercedes contract.

Kimi Raikkonen and Fernando Alonso are next on the list, earning $40m and $30m respectively.

F1 Grand Prix of Abu Dhabi - Previews

The highest paid drivers in Formula 1

1) Sebastian Vettel - $60 Million 

2) Lewis Hamilton - $50 Million

3) Kimi Raikkonen - $40 Million

4) Fernando Alonso - $30 Million

5) Valtteri Bottas - $12 Million

6) Max Verstappen - $10 Million

7) Stoffel Vandoorne - $7 Million

8) Daniel Ricciardo - $6 Million

9) Nico Hulkenburg - $5.5 Million

10) Sergio Perez - $5 Million

11) Romain Grosjean - $4.45 Million

12) Esteban Ocon - $3 Million

13) Kevin Magnussen - $2.5 Million

14) Lance Stroll - $1.8 Million

15) Carlos Sainz Jr - $750,000

16) Marcus Ericsson - $500,000

17) Pierre Gasly - $400,000

18) Brendon Hartley - $350,000

19) Charles Leclerc - $150,000

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Topics:
Ferrari
Fernando Alonso
McLaren
Mercedes
Formula 1
Lewis Hamilton

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