‘Hamilton will earn around 100 million dollars a year at Ferrari’

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Lars Leeftink

Friday, February 2, 2024 4:48 PM – Last update: 9:42 PM

Lewis Hamilton has signed a contract with Ferrari for the 2025 season, meaning he will leave Mercedes behind after the 2024 season. The Brit will earn quite a lot at the Italian racing team and is rumored to be the best-paid driver in F1 again from next year.

Thursday in F1 was dominated by Hamilton and Ferrari. F1 fans woke up with the rumor that Hamilton would drive for Ferrari from 2025 and went to bed with confirmation from both Ferrari and Mercedes. Hamilton had signed a contract with Mercedes in 2023 until the end of 2025, but this turned out to be with an option. This allowed Hamilton to leave at the end of 2024, something he will do. In 2024 he will drive for Mercedes, something that Carlos Sainz will in turn do at Ferrari. From 2025, however, Hamilton will earn a lot more in total than any F1 driver.

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Salary Hamilton

According to formu1a.uno Hamilton, seven-time world champion, would earn $100 million a year at Ferrari. This includes his base salary, sponsorship money, bonuses and much more income. It would be a significant step forward for Hamilton, who did not get this at Mercedes and could not even count on a bonus due to the disappointing results in 2023 and 2022.

Merits Hamilton

According to Forbes, which at the end of last year was based on documents from the teams, legal documents and information from the media supplemented by conversations with sources, Hamilton would have earned $55 million at Mercedes in 2023. In terms of basic salary, this made him the best-paid driver in 2023, but with bonuses this was Max Verstappen. If the 100 million dollars per year is correct, Hamilton will earn even more at Ferrari from 2025. The 55 million from Forbes therefore only takes into account the basic salary and any bonuses (which the Briton did not have in 2023), making it difference with sponsorship money and other income will be lower than 45 million dollars (55 million 2023, 100 million 2024). According to Forbes, even with bonuses, Verstappen cannot match the Brit’s income in 2025. According to Forbes, Verstappen reached $70 million in 2023, mainly thanks to $25 million in bonuses. Verstappen’s income will probably increase in 2024 and 2025, but he does not yet seem to be able to match Hamilton’s contract.

The article is in Dutch

Tags: Hamilton earn million dollars year Ferrari

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