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Alonso Said to be Highest Paid Formula 1 Driver

By August 22, 2010

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The Spanish press has reported that Fernando Alonso is currently the highest paid Formula One driver.  El Mundo is reporting that Ferrari is paying Alonso 30 million euros per season.  That is more than twice what his teammate, Felipe Massa, is said to earn at 14 million euros.  Lewis Hamilton at McLaren is said to earn 16 million euros, as the second best paid driver.

Michael Schumacher used to be paid well over 30 million by Ferrari, and with his endorsements and other contracts he earned up to 80 million at one point in his career.  Today he and his teammate at Mercedes, Nico Rosberg, earn the same 8 million euros, according to the report.

Interestingly, Mark Webber at Red Bull is said to earn more than his teammate, Sebastian Vettel, with the Australian earning 4.2 million and the German earning just 2 million.

It has been suggested by sources, however, that some of these numbers may well have been entirely made up, and it is true that these figures rarely get outside the people who look at the contracts.  On the other hand, I think it interesting as an indicator as to where F1 salaries may be standing now in this period effected by the economic crisis, compared to such figures a few years ago, with the Schumacher salary and his brother even making 10 to 20 million, etc.

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