Formula 1 business book reveals current salaries of all 22 drivers

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Aug 17, 2014

Business Book GP 2014

Ever wonder how much money your favorite Formula 1 driver is making? If the answer is yes, the newly published Business Book GP2014 will put an end to your wondering. The publication, described as an independent book exploring the business of Formula 1," is said to feature "economic data references as well as important data" on the 2014 season.

Included in said data are the salaries of all 22 F1 drivers this year (listed from highest- to lowest-paid):

1. Fernando Alonso (Ferrari) - €22 million (P1.286 billion)
= Kimi Raikkonen (Ferrari) - €22 million (P1.286 billion)
= Sebastian Vettel (Red Bull) - €22 million (P1.286 billion)

4. Lewis Hamilton (Mercedes) - €20 million (P1.169 billion)

5. Jenson Button (McLaren) - €16 million (P935 million)

6. Nico Rosberg (Mercedes) - €12 million (P701 million)

7. Felipe Massa (Williams) - €4 million (P234 million)
= Nico Hulkenberg (Force India) - €4 million (P234 million)

9. Romain Grosjean (Lotus) - €3 million (P175 million)
= Pastor Maldonado (Lotus) - €3 million (P175 million)
= Sergio Perez (Force India) - €3 million (P175 million)


12. Adrian Sutil (Sauber) - €2 million (P117 million)

13. Kevin Magnussen (McLaren) - €1 million (P58 million)
= Valtteri Bottas (Williams) - €1 million (P58 million)

15. Daniel Ricciardo (Red Bull) - €750,000 (P44 million)
= Jean-Eric Vergne (Toro Rosso) - €750,000 (P44 million)

17. Jules Bianchi (Marussia) - €500,000 (P29 million)

18. Esteban Gutierrez (Sauber) - €400,000 (P23 million)

19. Daniil Kvyat (Toro Rosso) - €250,000 (P15 million)

20. Max Chilton (Marussia) - €200,000 (P12 million)

21. Marcus Ericsson (Caterham) - €150,000 (P9 million)
= Kamui Kobayashi (Caterham) - €150,000 (P9 million)

Note that the above figures represent only the fees these drivers receive as wages from their respective teams. These do not include numbers from other sources of income, such as endorsement deals.

"In 2014, the aggregate wage is about €138 million (P8.07 billion), an increase of 30% compared to the previous season," explains the book.

The book also says that there are three driver classes: "The first are the world champions, often claiming more than €20 million (P1.169 billion) in salary. The second are the intermediate drivers, commanding between €2 million (P117 million) and €4 million (P234 million) but guaranteeing a budget to pay their salaries. The third are the responsible drivers, providing additional budget and being reimbursed for their costs to an absolute minimum."

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