But is the young Dutch driver the richest on the F1 grid? Let’s take a closer look at how Verstappen has amassed his wealth and how it compares to other top drivers.

Verstappen Sources of Income Verstappen has built his wealth through multiple income streams

Salary
Verstappen earns a reported $60 million per year driving for Oracle Red Bull Racing. This includes a $40 million base salary plus $20 million in bonuses. It’s the highest salary of any F1 driver.

Endorsements
Major brands like TAG Heuer, Puma, and Jumbo Supermarkets pay Verstappen around $4 million per year to endorse their products. His marketability continues to grow along with his on-track success.

Investments
Verstappen has invested in various motorsports ventures, most notably co-founding the sim racing team Team RedLine. These provide both financial returns and allow him to indulge his passion.

Merchandise Sales
As one of F1’s most popular drivers, Verstappen merchandise sales, especially among his legions of Dutch fans, bring in tidy sums.

The $60 million salary certainly gives Verstappen tremendous earning power. But how does it stack up against other top F1 drivers?

Comparison to Other F1 Drivers Lewis Hamilton is the top earner in Formula 1 – his $55 million salary plus around $12 million in endorsements put his total 2022 income at $67 million according to Forbes estimates. So while Verstappen earns a higher base salary, Hamilton’s endorsement portfolio still gives him the edge.

Fernando Alonso also made $67 million in 2022 thanks to salary from Aston Martin and continued personal sponsorships. Charles Leclerc, Max’s closest rival on track in recent years, earned an estimated $36 million including Ferrari salary and endorsements.

So while he may not be the outright richest driver, at just 26 Verstappen has many years ahead to catch those names on the all-time earnings list. His current contract runs through 2028, meaning over $400 million in salary alone if he sees it out.

And as Verstappen cements himself as one of the all-time greats with more championships and wins, his endorsement earnings potential continues to rise dramatically. Don’t be surprised if he tops the list of highest paid F1 drivers in the next few years.

Verstappen’s Lifestyle and Assets

Thanks to his $210 million net worth, Verstappen enjoys an enviable lifestyle. He resides primarily in the luxurious principality of Monaco, known for being an F1 driver’s haven due to its low taxes and opulent living.

His car collection befits his racing pedigree, with supercars like the Ferrari Monza SP2 and Porsche 911 GT3 RS parked next to sponsor Aston Martins. And when not pushing his F1 car to over 200 mph, Verstappen unwinds by streaming sim races as part of his Team RedLine e-sports squad.

The Future Looks Bright

At just 26 years old, Verstappen has already entered elite company with his third career World Championship in 2023. His prodigious talent, winning mentality, and leading role in F1’s most dominant team point to a long run hoisting trophies.

And the longer Verstappen keeps winning the higher his income will rise through salaries, endorsements, and investments. While Lewis Hamilton may still claim richest F1 driver status for now, don’t be surprised if the flying Dutchman takes that crown for himself in the coming years with his $210 million net worth as a starting point. Buckle up for what should be an amazing ride. I sincerely hope you like reading this “Max Verstappen Net Worth In 2024? Is He the Richest F1 Driver?” article.

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