
The world's top Formula One drivers earn a simply staggering amount of money each year!
The 2016 wages for all drivers have been revealed, with Ferrari's Sebastion Vettel the highest paid driver with a record three year deal worth $US150 million.
Full 2016 Fomrula One driver salaries (all salaries in $US):
(source: totalsportek.com)
DRIVER | YEARLY SALARY | CONTRACT |
Sebastian Vettel (Ferrari) | $50 million (£33.4m) guaranteed in first year, Basic $30m a year plus bonuses afterwards | 3 Years Deal (2015-17) |
Fernando Alonso (McLaren) | Max $40 million a year including all bonuses | 2 Year Deal (2015-17) |
Lewis Hamilton (Mercedez) | $31 million a year (£20.9m) basic salary plus performance bonuses upto $10m a year | new 3 year deal |
Kimi Raikonen (Ferrari) | Took a big pay-cut with guaranteed $7 million plus performance bonuses of max $10 million | Signed 1 year extension for 2016 |
Nico Rosberg (Mercedez) | Combined $55 million (£43m) across the three years | 3 Year Deal (2015-17) |
Janson Button (McLaren) | $11.6 million a year (£8m a year) | Signed 1 year extension for 2016 |
Felipe Massa (Williams) | $4.45 million a year (£3m) | 1 year extension for 2016 |
Nico Hulkenberg (Force India) | $4 million a year (£2.75m) | Signs 2 year extension till 2017 |
Daniel Ricciardo (Red Bull) | Re-negotiated financial terms with improved $5.5 million a year (£3.7m) guaranteed salary plus bonuses | Reportedly 2016 is last year on current contract |
Sergio Perez (Force India) | $3.2 million a year (£2.2m) | multi-year deal |
Romain Grosjean (HAAS F1) | Signed one year deal with HAAS F1 worth $3.2 million a year (£2.2m) | Signs 1 Year Deal with Haas F1 |
Pastor Maldonado (Renault) | $3.2 million a year (£2.2m) | Signs 1 year deal with Renault for 2016 season |
Valtteri Bottas (Williams) | Signs 1 year extension tripling his yearly salary to $3.3 million (£2.27m) a year | New 1 year deal to keep him at Williams For 2016 |
Daniil Kvyat (Red Bull) | earns $750k a year but hopeful for a new deal before 2016 season | unspecified period |
Max Verstappen (Toro Rosso) | Has a multi-year contract with Red Bull spent 2015 on loan at Torro Rosso earning $512k a year | Multi-year contract with Red Bull (loaned to torro rosso) |
Carlos Sainz (Toro Rosso) | $370k a year | |
Marcus Ericsson (Sauber) | $185k a year | |
Felipe Nasr  (Sauber) | $185k a year |