How much does a Professional Formula One Race Car Driver make per Year? Average Annual Formula 1 Racer Salary Range

Formula One Racing has hit an all-time high in popularity in recent years, and the drivers have seen a corresponding increase in their salaries. The average Formula One driver earns between $100,000 and $2 million. The top 10 drivers, on the other hand earn between $4.5 and $51 million per year. Much of this money is in the form of endorsements and advertising deals, with the rest from private sponsorship and prize money.