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  • How much is Lewis Hamilton being paid by Ferrari this season?

How much is Lewis Hamilton being paid by Ferrari this season?

Published on April 01, 2025 at 06:00 AM

How much is Lewis Hamilton being paid by Ferrari this season?
Lewis Hamilton models new Ferrari gear but fans notice 'hideous' issue

LEWIS HAMILTON's blockbuster move to Scuderia Ferrari shocked the world of motorsport – and with it came terms Mercedes couldn't match.

The seven-time world champion was Mercedes‘ golden boy, but a failed boardroom role and under-performance on the track led to a split and Hamilton moving to Ferrari.

Lewis Hamilton standing by a red Ferrari.
Lewis Hamiltonhas signed a mega-money deal with Ferrari
Lewis Hamilton drives on the track during the first day of tests as a Scuderia Ferrari F1 driver at the Fiorano Circuit in Maranello, Italy, on January 22, 2025 (Photo by Alessandro Bremec/NurPhoto via Getty Images).
Hamilton is the highest paid Ferrari driver of all time – double what Michael Schumacher was offered at his peak

At the Brackley-based team, Hamilton, 40, continued to be the biggest star in the sport and one that brought immeasurable amounts of marketability and attention.

His Formula One resume on the track remained incredible and he commanded a wage packet amongst the sport's highest ever earners.

Hamilton's Mercedes contract, which contained a break clause which he activated, had him earning around £43MILLION per year.

Money is reported to have been less of a reason of his departure, with the biggest reason said to be Hamilton wanting to be a valued member of the organisation after his racing career.

He has also received a significant pay-rise for his two-year deal, however.

How much is Lewis Hamilton being paid by Ferrari this season?

Hamilton will earn a base salary of £48m annually.

The former McLaren star remains behind Red Bull driver and modern rival Max Verstappen in annual salary.

Verstappen's £58.9 million-a-year deal keeps him, once again, at the top of the standings.

Hamilton's contract with Ferrari runs until the end of 2026, with an option for 2027.

Hamilton will also earn additional bonuses should he win races this season.

The Stevenage-born superstar will also obtain the sought after ambassador role he craved on a multi-year deal.

He supersedes new team-mate Charles Leclerc, who is earning £21.2 million a year including bonuses.

Whilst fellow British drivers George Russell and Lando Norris, take home £18.1 million and £27.5 million respectively.

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