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Not all Formula One drivers are compensated equally, with salaries ranging from about $1 million to an impressive $55 million. Despite recent talk of driver salary caps, Formula One has yet to impose any such rules, continuing to exempt driver salaries from team budget restrictions.
Becoming a racing driver takes up a lot of time and requires a lot of dedication. Even if drivers are not at Formula 1 level, they will be expected to dedicate most of their time to getting there. Weekends will be taken up with competing in races, while some of the races will require extensive travel.
0%. Even if you have the potential to be the greatest driver ever, you are already about 15 years too old to start driving in races. There are only 20 F1 drivers in the world. They are the elite of the elite.
Every driver on the F1 grid has signed a contract with their current team to race with them in 2023. These contracts are usually watertight, with only mutual cooperation (such as in Daniel Ricciardo's split with McLaren at the end of 2022) able to break up these deals.
Formula 1 drivers: How long are their contracts? DriverTeamContracted untilLogan SargeantWilliams2023Nico HulkenbergHaas2024Kevin MagnussenHaas2023Valtteri BottasAlfa Romeo202516 more rows ?