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Max Verstappen’s Net Worth Revealed: Who is the Richest F1 Driver?

Max Verstappen's Dominant Win

After a stellar performance in the 2023 F1 season, Max Verstappen earned a reported £110 million following his championship win, where he won a whopping 86% of the races.

Max Verstappen's Net Worth

With the most lucrative F1 contract for two seasons and various endorsements, Max Verstappen's net worth is approximately £165.5 million, making him one of the top young earners in sports according to Forbes' 2023 list.

Who is the Richest F1 Driver?

Despite his earnings, Max Verstappen is not the richest F1 driver. That title goes to Michael Schumacher, with a staggering net worth of £462.5 million. Lewis Hamilton, Fernando Alonso, and Kimi Raikkonen also make the top 5 list.

Michael Schumacher's Legacy

Michael Schumacher, a seven-time F1 champion, was named the highest-paid athlete by Forbes in 1999 and 2000. Despite his absence from the public eye since a skiing accident in 2013, Schumacher's legacy and charitable donations continue to leave a lasting impact.

F1 2024 Calendar

Curious about the F1 2024 race calendar? Check out the complete list of Grand Prix races and start times for this year's season.

Frequently Asked Questions

How often are Formula 1 teams developing new cars?

Formula 1 teams typically develop a new car for every season. It is because the technical regulations are constantly evolving and the teams are always striving to improve performance. Teams continue to improve the car during the season and bring regular updates to the races in order to gain an advantage over their competitors.

How do you determine the Formula 1 world championship?

The Formula 1 World Champion is determined by the points accumulated throughout the season. Drivers receive points for their Grand Prix finishes. The higher the position, the more points they earn. The World Champion is the driver who finishes the season with the most number of points. Constructors’ championship is determined by adding together the points earned by drivers from each team.

How are Formula 1 cars designed to ensure driver safety?

Formula 1 vehicles are equipped with a number of cutting-edge features for driver protection. This includes a strong, carbon-fiber monocoque as well as the Halo cockpit-protection system, energy absorbent crash structures, advanced helmet technology, and a powerful, lightweight monocoque. Each component is rigorously test and adheres the strict safety standards set out by the FIA. Drivers are therefore protected from various types of impact.

What is the role a Formula 1 Race Engineer?

A Formula 1 race engineers is key in managing car performance and driver performance during the race weekend. They keep in constant communication with drivers to give them important information and updates on the strategy, as well as liaising back with the team for real-time decision making. The race engineer is responsible for making crucial decisions on tire changes, vehicle adjustments, and racing tactics. All of these are aimed at ensuring the best outcome for the team.

How do drivers qualify for a Formula 1 race?

A Formula 1 race qualifies through a knockout-system the day prior to the race. It’s split into three segments – Q1, Q2, and Q3. The first segment is Q1, where all the drivers compete. The five slowest cars are then eliminated. From the 15 remaining drivers, another five will be eliminated in Q2. The top 10 drivers then move onto Q3, where they will compete for pole position and to determine the order of the first 10 positions in the grid.


  • The 2020 Formula 1 season comprised the shortest calendar in recent history with just 17 races, due to the global impact of the COVID-19 pandemic.
  • The largest winning margin in a Formula 1 race was recorded by Jim Clark in 1963 at the Belgian Grand Prix, with a lead of nearly 5 minutes over the second-place finisher.
  • Ayrton Senna holds the record for most consecutive pole positions, achieving a series of eight poles from the 1988 Spanish Grand Prix to the 1989 United States Grand Prix.
  • Kimi Räikkönen holds the record for the fastest lap in Formula 1 history, set at the Italian Grand Prix in 2018 with an average speed of 263.587 km/h (163.785 mph).
  • Sebastian Vettel became the youngest World Champion in Formula 1 history, securing his first title at the age of 23 years and 134 days in 2010.
  • As of the latest season, Mercedes AMG Petronas has won eight consecutive Constructors’ Championships, the longest streak in Formula 1 history.
  • As of the end of the 2022 season, Formula 1 races have been held in 34 different countries around the world.
  • Jenson Button accomplished the greatest number of overtakes in a single race, with a total of 26 during the 2011 Canadian Grand Prix.

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How To

How to choose the right Formula 1 merchandise

The right Formula 1 merchandise is a decision that requires careful consideration. If you’re seeking apparel, opt for official merchandise to ensure quality and support the teams and drivers you admire. Choose reputable dealers when buying memorabilia. This includes signed items and model cars. Remember the value of historical items, such as those associated with historic races or legends drivers. They often have more sentimental value. Be sure to factor in how you will use the product and its practicality to get the most value from your purchase.

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