Lewis Hamilton's yearly salary at is highly lucrative - but pips him to first place in the earnings chart. Hamilton, 40, will begin his childhood dream of racing for the Scuderia when the 2025 F1 campaign begins with the Australian Grand Prix.

The British driver will also be while representing the legendary team this year. However, while he is earning a fortune, only rival Verstappen takes home a greater pay packet than the seven-time F1 world champion. While Verstappen's future has been uncertain, his generational pay packet ensures he is head and shoulders above Hamilton and the rest of the F1 competitors. As the new F1 season kicks off in Melbourne, Express Sport provides a glimpse into the reported F1 driver salaries for the 2025 campaign.

Hamilton's switch to Ferrari was the most high-profile move in recent F1 history. He signed a two-year deal worth £48million per annum, a slight pay rise from the purported £44.8m per year he earned at Mercedes.

But despite the salary increase, he still lags behind Verstappen's humongous £52m annual paycheck. The Dutchman's contract is understood to run until 2028, but there has been frequent speculation that there is a clause in his deal which allows him to depart, should he decide to leave.

When it comes to base salary, Hamilton and Verstappen have lapped the competition. Their closest competitor is Hamilton's Ferrari team-mate Charles Leclerc, who inked a multi-year contract extension worth £27m annually in 2024.

Despite being Verstappen's main rival last year, Lando Norris' yearly earnings of £18m now match those of Oscar Piastri, whose recent contract with McLaren saw his pay rise from £4.7m per annum to level with his team-mate. George Russell, who stepped into Hamilton's role, reportedly earns £12m, which is 75 per cent less than his compatriot's Ferrari salary and £4m less than what Aston Martin pays F1 legend Fernando Alonso.

However, not all drivers command such high salaries, with many earning less than £1m. Verstappen's new co-driver for 2025, Liam Lawson, will receive just £800,000 per year - a figure that is around 65-times less than what his more-esteemed colleague earns.

The lowest earners on the circuit are expected to be Isack Hadjar of Racing Bulls and Alpine's Jack Doohan, both of whom are believed to earn around £700,000 annually. Young talent and Hamilton's replacement, Kimi Antonelli, has been earmarked for success, but by F1's extravagant standards, he receives a modest wage.

The 18-year-old Italian will earn £1.5m, although it's likely that this promising driver's earnings will increase significantly in the future. Upon Hamilton's transfer to Ferrari, the commendable Carlos Sainz was nudged out of the iconic red team and embraced by Williams.

Despite a potential blow to his pride and self-assurance, his financial compensation remained largely unaffected. It is believed that he receives a base salary of £8m, a figure comparable to his earnings during his tenure at Ferrari. Below is the yearly salaries of each F1 competitor this year.