Contract Current Contract
Ferrari
Lewis Hamilton signed at least 2-year (2025/26) contract with Ferrari where his base salary will be $50 million (gross) per-year. He is also entitled to $20 million in performance related bonuses taking his yearly package with Ferrari to around $70 million a-year including potential bonuses.
Active Contract
| Signed | Base Salary | Bonus | Total | Team | Source |
|---|---|---|---|---|---|
| 2025 | $50m | $20m | $70m |
Ferrari
|
Gazetta (Italy) |
2-Year Contract Extension 2022/23
Lewis Hamilton signed 2-year contract extension with Mercedes back in July 2021. His base salary was $40 million per year plus bonuses upto $15 million.
1-Year Contract Extension 2021
February 2021 - Lewis Hamilton signed 1-year contract extension for 2021 F1 season with base salary of $40 million plus bonues.
2-Year Contract Extension 2019/2020
July 2018 - Hamilton signed 2-year extension to stay with Mercedes until the end of 2020 with base salary of $40 million plus bonues.
3-Year Contract Extension (2016/18)
May 2015 - Hamilton signed 3-year extension keeping him with Mercedes for atleast until end of 2018 season. His three year deal was worth £100 million in total. £33m a-year.
First Mercedes Contract
September 2012 - It was announced Hamilton will joined Mercedes on three-year (2013/15) contract. His 3-year Mercedes deal was worth $75 million in total. $25m a-year making him the highest paid driver in Formula 1.
McLaren 5-Year Contract (2008/12)
January 2008 - McLaren annoucned that Hamilton has signed 5-year (2008/12) contract with the team. BBC reported his base salary as $20 million (£10m) per year.
Earnings Per Year
| Year | Base Salary | Verified | Age | Team | Remarks |
|---|---|---|---|---|---|
| 2025 | $50m |
|
39 | Ferrari | Gazetta (Italy) |
| 2022 | $40m |
|
37 | Mercedes | Chris Medland (X) |
| 2021 | $40m |
|
36 | Mercedes | Chris Medland (X) |
| 2019 | $40m |
|
34 | Mercedes | Guardian (UK) |
| 2016 | $33m |
|
31 | Mercedes | |
| 2013 | $25m |
|
28 | Mercedes | BBC & Guardian (UK) |
| 2008 | $20m |
|
23 | McLaren | BBC |
Who Earns More?
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LEWIS HAMILTON
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