F1 driver net worth 2023: The 10 richest drivers on the F1 grid

Thomas Maher
Lewis Hamilton, Mercedes, Fernando Alonso, Aston Martin, shake hands. Australia, April 2023.

Lewis Hamilton, Mercedes, and Fernando Alonso, Aston Martin, shake hands on the podium. Australia, April 2023.

Formula 1 drivers take huge risks by going racing in their 200mph machines, so it’s no surprise they are very well paid for the jobs they do…

F1 driver salaries make them some of the world’s most highly-paid athletes, due to their willingness to stare danger in the face every time they strap themselves into their car to go to battle.

Racing across the globe with over 20+ races a year, some of the drivers with longer careers have managed to carve out some eye-watering figures for their net worth – particularly if they’re canny about their money and plump for investments or ventures outside of the F1 sphere.

Below, PlanetF1.com looks at the 10 Formula 1 drivers with the highest net worth on the 2023 grid.

Lewis Hamilton – £270.9m

Lewis Hamilton takes pole position in the 2023 Formula 1 grid, which is highly impressive considering his humble beginnings within the sport.

Sheer determination and talent have got him to where he is in 2023, with a net worth of £270.9 million.

Hamilton’s dad reportedly invested all the family money into building his career, giving the world one of the best Formula 1 drivers in motoring history.

Fernando Alonso – £216m

Second on the leaderboard is Spanish motoring phenomenon, Fernando Alonso.

At the age of 41, Alonso is currently the oldest driver on the 2023 F1 circuit, driving for Aston Martin.

Alonso inherited his love for cars and racing from his father who was an amateur kart racer.

Since childhood, he has risen to become one of the best and highly-rated drivers in the history of the sport. Alonso’s net worth is £216 million, which he has steadily acquired by racing over 16 Formula 1 seasons.

Max Verstappen – £72m

After winning his first title at the 2021 Abu Dhabi Grand Prix, Verstappen became the first Dutch driver to win the Formula 1 World Championship, and the 34th Formula One World Drivers’ Champion.

Verstappen is currently signed to Red Bull having signed a spectacular contract in early 2022, and the longest on the F1 grid, keeping him with Red Bull until 2028.

His net worth is estimated at a cool £72 million – not bad for a 25-year-old!

Sergio Perez – £62.4m

Sergio Perez has come a long way since his days watching on as a junior member of the Ferrari Driver Academy.

Originally joining McLaren in 2013, Perez went on to drive for Force India throughout the 2014 season for a fee of $1 million.

Perez is currently a driver for Red Bull Racing for the second year alongside double-world champion Max Verstappen. It is believed that Perez’s net worth is circa £62.4 million.

Daniel Ricciardo – £41.6m

Australian driver, Daniel Ricciardo, reached the Formula 1 circuit through Red Bull’s young driver programme, initially racing with now-defunct outfit HRT before moving to Toro Rosso.

He was promoted to the senior F1 team in 2014 and scored three wins in his first year.

After leaving Red Bull in 2018 for a stint with Renault, Daniel continued his Formula 1 career with McLaren in 2021.

With limited success at the Woking-based squad, Daniel failed to secure a new deal for the 2023 season but came back onto the grid with AlphaTauri after Nyck de Vries was dropped before the summer break. His net worth is reportedly £41.6 million.

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Lance Stroll – £41.6m

The son of billionaire Lawrence Stroll, some would say that Lance Stroll’s career was carved out for him from birth.

Lawrence Stroll is a Canadian billionaire who currently owns the Aston Martin F1 team.

Making his fortune in fashion, Lance Stroll is currently worth $3.6 billion and owns a huge collection of vintage Ferraris and several super yachts.

On the racetrack, Stroll has won a string of titles in his short racing career to date, and he is currently worth around £41.6 million, being paid to drive for his father’s firm and amassing further income for all his endorsements.

Pierre Gasly – £27.4m

French driver Pierre Gasly became a Toro Rosso driver in 2018 before moving up to Red Bull in 2019 to replace Daniel Ricciardo.

The stint didn’t go too well and Gasly was sent back to Toro Rosso but, in the season’s nine remaining races, he secured his best result in Brazil.

Gasly has since left the Red Bull umbrella and currently drives for Alpine. His net worth is estimated to be worth £27.4 million.

Valtteri Bottas – £25m

Valtteri Bottas temporarily served in the military before beginning his motorsport career.

After a three-year stint for Williams, followed by a four-year contract with Mercedes-Benz, Bottas signed a multi-year contract with Alfa Romeo in 2022 and is enjoying life in the midfield.

His net worth is believed to be £25 million. At the age of 34, Bottas has scored 10 race wins and 67 podiums.

Kevin Magnussen – £20.8m

Kevin Magnussen is a Danish racing driver who began his racing career as a member of McLaren’s Young Driver Programme and went on to race for the team in the 2014 championship.

He is currently rated ninth in the Formula 1 driver net worth rankings, having made the most of his money from his racing career and endorsements.

Magnussen currently completes in Formula 1 for the Haas F1 team and is predicted to be worth around £20.8 million in 2023.

Esteban Ocon – £14.9m

Esteban Ocon is a French racing driver for the BWT Alpine Team in the 2023 Formula 1 championship.

Ocon rose to fame despite having to overcome numerous obstacles in his early career. After spending a year on the sidelines as Mercedes’ reserve driver, he was offered a race seat in 2020 with Renault, who were rebranded to Alpine in 2021.

He scored his first F1 win at the Hungarian Grand Prix in 2021 and currently has an estimated net worth of £14.9 million.