Top 5 Most Expensive F1 Contracts Of All Time

F1 History
F1 History

Here we show you some of the most expensive F1 contracts of all time

F1 is one of the most popular sports throughout the world. Lewis Hamilton is one of the richest athletes in the world and there’s no doubt in it since he is a Formula One driver and this sport can make you rich if you are ready to give your best as a racer.

This article will tell you about the top 5 most expensive Formula One contracts in the sport’s history.

Most Expensive F1 Contracts

1. Kimi Raikkonen

Finland’s Kimi Raikkonen is one of the greatest F1 driver of all time. In 2007, he signed the most expensive contract deal with Ferrari in F1 history, worth $2.94 million per race. The contract ended in 2009 but he surely did make history with that one.

Also Read: 5 Amazing Records Held By Sebastian Vettel

2. Lewis Hamilton

Lewis Hamilton is the first name that comes into our mind when we hear the word ‘F1’. He is arguably the greatest F1 driver of all time while competing with other icons such as Sebastian Vettel and Michael Schumacher.

3. Michael Schumacher

The legendary German driver has played for several teams in his career. He has won 7 championships since his F1 debut. His career’s most expensive contract came in 1996 with Ferrari.

In 1996, he signed a three year contract with Ferrari and the whopping $124 million were transferred into his account. He earned about $1.9 million per race from the contract.

4. Sebastian Vettel

Sebastian Vettel holds the record of being the youngest world champion ever. His career’s most expensive contract came in 2015 when he shake hands with Ferrari.

In 2015, The German driver signed a three year contract (2015-2017)with Ferrari of worth $110 million. Of course it shook the media world since it was one of the most expensive deal of the F1 history. His race fee as per contract was $1.8 million.

5. Max Verstappen

Max Verstappen had shook the world in 2021 when he won the F1 championship against Lewis Hamilton and Michael Schumacher. But he earns way less than the drivers mentioned in the list.

In 2020, he signed a racing contract with Red Bull which was not as lucrative as the contracts mentioned above. He earns a total of £18.27 million annually from the deal.