However, Russell's contract ends at the end of 2021, and there may be space at Mercedes if Lewis Hamilton does not extend his contract – or if the team choose not to retain Valtteri Bottas for a sixth season.
Mercedes – Valtteri BottasValtteri Bottas has a contract for 2021, but newly-minted record breaker Lewis Hamilton does not. But the word from both camps would seem to be that an agreement between Mercedes and Hamilton is a formality.
Estimated salary for all Formula 1 driversIn 2021, the British driver will make close to $30 million, which is over $1 million per race. However, Hamilton took a pay cut from his previous salary, which was closer to $40 million per annum.
Max Verstappen comes second as he is set to earn 30m euros in 2021, followed by Fernando Alonso, who will receive 15m euros for his services. Charles Leclerc and Daniel Ricciardo will earn 11m euros each per season, while Carlos Sainz is sixth on the list, with wages of eight million euros per year.
Verstappen (Red Bull Racing) is the driver with the next highest salary. In 2021, he will earn a reported $25m!
Bottas has won ten races, three in 2017, four in 2019, two in 2020 and one in 2021. He has contributed to four constructors championship wins since joining Mercedes.
Valtteri Bottas.
| Bottas in 2019 |
| Born | Valtteri Viktor Bottas 28 August 1989 Nastola, Finland |
| Formula One World Championship career |
|---|
| Nationality | Finnish |
| 2021 team | Mercedes |
His McLaren deal is worth a reported $17m-a-year and runs until the end of the 2023 season, $6m-a-year more than his junior teammate.
Bottas is a fantastic driver. I remember he was highly regarded when he was at Williams, definitely destined for a seat at a top team one day. He is extremely fast, a clean driver and dependable. His problem is that he's up against a possible top three driver in F1 history.
How much does Lewis Hamilton earn?
Lord Hain, vice-chairman of the All Parliamentary Group on F1, said last year that Hamilton was among the top 5,000 taxpayers in Britain. With a property portfolio spanning London, New York, Colorado, Monte Carlo and Geneva, we reckon Hamilton to be worth £260 million, a rise of £36 million on last year.
McLaren: Daniel Ricciardo and Lando NorrisDaniel Ricciardo and Lando Norris have been confirmed as McLaren's drivers for 2021, following the departure of Carlos Sainz to Ferrari.
Ricciardo's own three-year deal is believed to be worth roughly $17 million per season - while still substantially less than the $40 million his Renault contract was worth, it's a figure that will likely reassure him of his standing within the team.
RaceFans' 2021 Formula 1 driver salary estimates
| Team | Driver | Salary* |
|---|
| Mercedes | Valtteri Bottas | $10m (£7.3m) |
| Red Bull | Max Verstappen | $25m (£18.25m) |
| Red Bull | Sergio Perez | $8m (£5.84m) |
| McLaren | Daniel Ricciardo | $15m (£10.95m) |
Angela Cullen was born on 5th August 1974 in Devonport, Auckland, New Zealand. Her passion for sports sprouted at a young age – she played most sports in school, including football, cricket, basketball, and swimming. Cullen reserved her best performances for field hockey, her first high-performance sport.
Typically, these drivers make anywhere between $225 and $500 per day. Formula 1 world champion Lewis Hamilton is once again the best paid driver on the grid, as he is still within his mega contract that was agreed until the conclusion of the 2020 campaign..
It is possible to turn a profit for an F1 team. Running a formula one team requires a lot of money. Given the money the teams receives based on their performance, they also generate revenues or make money from other sources of income.
Chance to become a Formula 1 Driver is very difficult and very expensive because it needs a lot of finance just to get to the GP2 series. F1 teams only select top drivers who finish GP2 in Europe. That is also a reason that there is no successful Asian F1 Drivers so far.
What is Max Verstappen's net worth? Verstappen is a once in a generation talent and his net worth stands at $60m despite not winning a world championship during his six seasons in Formula 1.
