Lewis Hamilton Earns Average Annual Salary In Less Than 2 Minutes
These stats were sent to us from Spin Genie. We can’t verify them, but they are very interesting food for thought:
Which Formula 1 driver earns a regular salary the quickest?
The team at Spin Genie analyzed the 2024 F1 season data to discover how many miles and minutes it would take for the drivers to earn the median salary in Canada, the U.S. and the UK.
| Earnings per minute | Minutes taken to earn average salary | ||||||
| Rank | F1 driver name | US$ | CAN$ | £ | U.S. | CAN | UK |
| 1 | Lewis Hamilton | $24,506.53 | $35,314.54 | £19,711.67 | 2.5 | 1.9 | 1.9 |
| 2 | Max Verstappen | $20,501.14 | $29,542.67 | £16,489.96 | 3.0 | 2.2 | 2.3 |
| 3 | Charles Leclerc | $13,812.15 | $19,903.67 | £11,109.72 | 4.5 | 3.3 | 3.4 |
| 4 | Fernando Alonso | $10,938.92 | $15,763.27 | £8,798.65 | 5.6 | 4.2 | 4.3 |
| 5 | Lando Norris | $9,131.17 | $13,158.25 | £7,344.60 | 6.8 | 5.0 | 5.1 |
| 6 | Carlos Sainz | $6,106.25 | $8,799.26 | £4,911.52 | 10.1 | 7.5 | 7.6 |
| 7 | Sergio Perez | $5,049.23 | $7,276.07 | £4,061.32 | 12.2 | 9.0 | 9.2 |
| 8 | Valtteri Bottas | $4,392.71 | $6,330.01 | £3,533.25 | 14.1 | 10.4 | 10.6 |
| 9 | George Russell | $3,508.16 | $5,055.34 | £2,821.76 | 17.6 | 13.0 | 13.3 |
| 10 | Esteban Ocon | $3,036.44 | $4,375.59 | £2,442.34 | 20.3 | 15.0 | 15.3 |
- Lewis Hamilton – earning CAN $35,315 / US $24,507 / £19,712 per minute
Lewis Hamilton tops the list, earning a whopping CAN $35,315 (US $24,507 / £19,172) per minute. Lewis Hamilton would need to drive for less than 3 minutes to earn the median salary in Canada (CAN $69,696). To earn the median salary in the U.S. (US $61,786) and the UK (£37,430), he would need to drive for 1.7 minutes or 1.9 minutes, respectively.
In the 2024 season, Lewis won races in Belgium (completed in just under one hour and 20 minutes) and Great Britain (completed in just over one hour and 22 minutes).
- Max Verstappen – earning CAN $29,543 / US $20,501 / £16,490 per minute
Max Verstappen is in second place, earning CAN $29,543 (US $20,501 / £16,490) per minute. This means earning the median Canadian salary would take him just 3.2 minutes. This is compared to 2.1 minutes for the median U.S. salary and 2.3 minutes for the median UK salary.
The Dutch-Belgian driver competes for the Red Bull team alongside Sergio Perez. He has won over 60 Grands Prix across 10 seasons and four F1 World Drivers’ Championship titles consecutively between 2021 and 2024.
- Charles Leclerc – earning CAN $19,904 / US $13,812 / £11,110 per minute
Next is Charles Leclerc, who earns CAN $19,904 (US $13,812 / £11,110) per minute. Born and raised in Monte Carlo in Monaco, Leclerc has driven for Ferrari since 2019 and will be paired with Lewis Hamilton for the 2025 season. In 2024, he became the first Monégasque driver to win the Monaco Grand Prix in over 90 years.
To earn the median salary in Canada, Charles Leclerc would need to drive for 4.8 minutes. It would take him just 3.1 minutes to earn the median salary in the U.S. and 3.4 minutes to earn the median salary in the UK.
Further findings:
- It’s estimated that Lando Norris earns around CAN $4,587 (US $6,610 / £3,690 ) for every mile he drives. This means it would take him 13.5 miles to earn the median Canadian salary, 9.9 miles for the median US salary and 10.1 miles for the median UK salary.
- Fernando Alonso earns approximately CAN $5,504 ( US $7,931 / £4,427) per mile, meaning he can earn the median Canadian salary by driving 11.2 miles.
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