Since Max Verstappen entered the realm of Formula One, a shift in dynamics has been spotted. The young driver quickly asserted his dominance, leaving experienced drivers such as Lewis Verstappen and Fernando Alonso behind.
As the most dominant driver on the Formula One grid, Verstappen not only secured his place in the history books but also gained financial rewards with the conclusion of the 2023 season.
How much did Max Verstappen earn?
In 2023, Max Verstappen left a mark of legacy on the Formula One circuit with a consistent trail of success at every race, three of which he recentlys named to be his favorites, which automatically made him the highest-paid driver of this season. For his triumphs, Red Bull once again dominated the entire industry as well.
Meet Formula 1's highest-paid drivers of 2023: https://t.co/6TK7yFB97s pic.twitter.com/toqxbMsKMH
— Forbes (@Forbes) December 4, 2023
According to Bret Knight of Forbes, Verstappen’s earnings for the year were substantial, with a $45 million salary and $25 million in bonuses for 2023, totaling an impressive $70 million. The financial earnings propelled him far ahead of the British star, Lewis Hamilton, whose total earnings amounted to $55 million in total. The earning gap was even more visible when compared to the third-highest earner, Fernando Alonso.
The simple correlation between Verstappen’s skill on the track and his earnings was quite visible. His 2023 earnings saw a significant increase from the previous year, surpassing Hamilton by $5 million. In 2022, Red Bull secured Verstappen’s services with a five-year extension, reportedly valued at $55 million per year.
How much did Sergio Perez earn?
According to the Dutch media, it is reported that Sergio Perez may incur a loss of his financial earnings due to his unimpressive performance on the grid this season, with ongoing speculations about his replacement in the team.
As per De Telegraaf, Perez’s contract is allowed for adjustments, and this could come into play if he is at least 125 points behind his teammate and the dominant force of the industry, Max Verstappen, by the time Formula One’s summer break arrives.
🚨| Highest paid F1 drivers in 2023 (excluding off-track earnings):
— Ferrari News 🐎 (@FanaticsFerrari) December 3, 2023
(Displayed as Base + Bonus)
1. Max Verstappen ($45m + $25m)
2. Lewis Hamilton ($55m + $0)
3. Fernando Alonso ($24m + $10m)
4. Sergio Pérez ($10m + $16m)
5. Charles Leclerc ($14m + $5m)
6. Lando Norris ($5m…
Perez is reported to have a basic salary of $10 million per year with Red Bull. The conditions of Checo’s contract is directly related with his adaptability to match his teammate’s performance However, if there is a huge performance gap between the two Red Bull drivers on the grid further into the season, it could trigger a reduction in the earnings of the Mexican driver.
Do you think Checo would be able to somehow manage Verstappen’s performance on the grid? Let us know in the comment section below
