Current Contract
Red Bull (2024 Contract Extension)
He signed another financially improved 5-year (2024/28) contract with Red Bull which took his base salary to $55 million a-year plus performance related bonuses upto $20 million a-year. That makes it around $75 million per year making him the highest paid driver in 2025.
Active Contract
| Signed | Base Salary | Bonus | Total | Team | Source |
|---|---|---|---|---|---|
| 2024 | $ 55m | $ 20m | $ 75m |
Red Bull
|
Helmut Marko (X) |
2020 Contract Extension
Verstappen signed 3-year (2021/23) contract extension with Red Bull with massive salary increase of $25 million a-year. Making him the second highest paid F1 driver in the world. Verstappen earned a total of $42 million in 2021 en-route to his first F1 title which included $25 million base salary and $17 million performance related bonuses.
Red Bull (Early Years)
Max Verstappen signed his very first professional contract with Red Bull at the age of only 17 becoming the youngest F1 driver in history. His initial salary at Red Bull was only $277,000 per season. However by 2017 it had already increased to $3 million a-year.
Earnings Per Year
| Year | Base Salary | Verified | Age | Team | Remarks |
|---|---|---|---|---|---|
| 2024 | $ 55m |
|
26 | Red Bull | $20 million in bonuses |
| 2023 | $ 45m |
|
25 | Red Bull | Also earned $25 million in bonuses |
| 2022 | $ 25m | 24 | Red Bull | Earned $17 million in bonuses | |
| 2021 | $ 25m |
|
23 | Red Bull | Earned $17 million in bonuses |
| 2020 | $ 25m |
|
22 | Red Bull | Signed a 3-year (2021/23) contract extension |
| 2019 | $ 13.5m | 21 | Red Bull | ||
| 2018 | $ 10m | 20 | Red Bull | ||
| 2017 | $ 3m |
|
19 | Red Bull | |
| 2016 | $ 650k |
|
18 | Red Bull | Signed first F1 Pro contract with Red Bull |
Frequently Asked Questions
Top Formula 1 Drivers
