Lewis Hamilton (Monaco/Stevenage, UK) - $285 Million

Lewis Hamilton has been a racing driver for Mercedes in Formula 1 since 2013. Before that, he was associated with McLaren. As estimated by celebritynetworth.com, his yearly compensation to be around $50 million, making his fortune around $285 million.

Hamilton participated in karting races for six years before he stepped into Formula 1 in 2001. He's won over a dozen championships in Formula 1, and he competed for the 2022 Formula 1 World Championship. While he lives in Monaco, he owns an apartment in New York and an estate in Colorado.

George Russell  (London, UK/King's Lynn, UK) - $16 Million

Born in 1998 only and having started professional racing at the age of 16 in Formula Renault 2.0, George Russell is already making a name for himself in the circuit. According to caknowledge.com, he earns about $750,000 a month, leading to his $47 million overall fortune.

In 2021, he was appointed as the director of the Grand Prix Drivers' Association at Formula 1. While in 2022, he announced that he had joined Mercedes, and in his first-ever drive for the brand, he managed to finish fourth. He later finished in 3rd position in his 63rd start.

Max Verstappen (Monaco/ Hasselt, Belgium) - $60 Million

While Formula driver Max Verstappen is of a Belgian-Dutch ethnicity, he has resided in Monaco since 2015. An article from givemesport.com reports his annual salary to be $40 million, and his fortune stands at $60 million. In Formula 1, he has been associated with Red Bull since 2016.

Born in 1997, he became the youngest driver to participate in a Formula 1 Weekend at the age of 17 in 2014. He was also one of the youngest to win a Formula 1 Championship in 2021. In 2022, he was seen as a participant in the Australian Grand Prix.

Sergio Pérez (Mexico City, Mexico/Guadalajara, Mexico) - $30 Million

Sergio Pérez was born in 1990 in a sportscar driving family. His father, Antonio, was also a driver before he started to manage racecar driver Adrián Fernández. Pérez is married to Carola Martínez and has two children with her. He achieved his maiden first pole position in the 2022 Saudi Arabian Grand Prix, playing for Red Bull.

In 2007, he won the British Formula 3 Championship while living in Oxford. As of 2021, scuderiafans.com reported that he has been living in Switzerland. Pérez has made $30 million out of his chosen career.

Charles LeClerc (Monaco) - $12 Million

Charles Leclerc is another young prodigy in the field of motorsport driving. As of 2021, his fortune was recorded to be $12 million as per an article from republicworld.com. He was born in 1997 to Hervé Leclerc, who was also a racing driver.

Charles had begun Karting in 2005, while he had started driving professionally in 2014 in the Formula Renault 2.0 Alps where he'd held the podium seven times. As of 2022, he played for Ferrari taking a pole in the Bahrain Grand Prix. Soon after that, he was crowned the champion of the Australian Grand Prix.

Carlos Sainz (Madrid, Spain) - $8 Million

Carlos Sainz Jr., better known as Carlos Sainz, is a Spanish-born driver who plays for Scuderia Ferrari, with whom he'd signed a two-year contract in 2021. In the 2022 season of Formula 1, he's held the second position in the Bahrain Grand Prix while he held the third position in the Saudi Arabian Grand Prix.

He's also played for a few other brands, including Toro Rosso, Red Bull, Renault, and McLaren. He's known to reside in his hometown of Madrid, Spain. As a hobby, he plays squash and soccer, and his Instagram is loaded with pictures of his children.

Lando Norris (Monaco/Bristol, UK) - $3 Million

Born in 1999, Lando Norris is currently one of the youngest drivers on the Formula 1 circuit. As of 2022 he has secured the fifth position in 2022 Australian Grand Prix while he's already been on the podium five times in his career.

Even though he was born in a rich family, that's not all that it takes to become a professional Formula 1 participant. He's proven his game in the sport with six championship titles and landing the 6th position in the 2021 season of Formula 1. He moved to Monaco in 2022 owing to the country's tax policies.

Daniel Ricciardo (Monaco/Perth, Australia) - $50 Million

Daniel Ricciardo is an Australian-born Formula 1 driver. On the circuit, he goes by the title of "the honey badger" for his fearless brand of driving. He's been associated with McLaren since 2021, and before that, he played for a few other brands, including Renault and Red Bull.

He's won a range of different honors and awards in his career. In 2022, he was appointed as a member of the "Order of Australia" for his service in the sport. He was the champion of the 2008 Formula Renault 2.0 and the 2009 WEC British Formula 3.

Sebastian Vettel (Thurgovia, Switzerland/Heppenheim, Germany) - $140 Million

Crowned the Formula 1 champion a staggering four times, Sebastian Vettel is specifically famous for another reason. He's probably the only driver in 2022 with no social media presence. Nonetheless, he's regarded by fellow and former motorists as one of history's best Formula 1 drivers.

Vettel, associated with Aston Martin since 2021, has also played for Ferrari, Red Bull, Toro Rosso, and BMW Sauber. In 2016, Forbes reported that he was drawing about $41 million, although that might be a bit higher now. According to celebritynetworth.com, his fortune is about $140 million.

Lance Stroll (Geneva, Switzerland/Montreal, Canada) - $50 Million

Having debuted in 2017, Lance Stroll was the first Canadian to have raced the Formula 1 circuit since Jacques Villeneuve, the 1997 World Driver's champion. He reportedly earns about $10 million per year and has a net worth of $50 million.

Stroll had a bumpy start in 2017 when he retired a few races before he finally finished his first-ever race in the Russian Grand Prix, where he finished 11th. As of 2022, he played for Aston Martin, and yet again, due to a crash, he finished 11th in the Saudi Arabian Grand Prix, failing to qualify for the Australian Grand Prix.

Mick Schumacher (Gland, Switzerland/Genolier, Switzerland) - $5 Million

Mick Schumacher is a coming-of-age Formula 1 driver. He had made his debut in 2019 but signed his first multi-year contract with Haas in 2021. All of this aside, he's best known on the circuit for being the son of the legendary Michael Schumacher.

Mick is known to be living in his father's estate in Geneva, Switzerland. As of 2022, givemesport.com reported his annual pay to be around $1 million, while he has a fortune of about $5 million. During the same year, he was seen participating in the various Formula 1 races of the season.

Kevin Magnussen (Dubai, UAE/Roskilde, Denmark) - $24 Million

Another Haas player, Kevin Magnussen, is a Danish-born sportscar driver. He resides in his hometown in a luxurious 6,900-square-foot house that he bought for $10 million. He made his Formula 1 debut in 2014 and has held the 14th position in the Australian Grand Prix as of 2022.

So far, he's won two titles, including the Danish Formula Ford in 2008 and the Formula Renault 3.5 Series in 2013. Between 2008 and 2009, he also worked as a factory welder due to a lack of funding. In 2013, Magnussen secured sponsorship for the Formula Renault 3.5 Series.

Valtteri Bottas (Monaco/Nastola, Finland) - $30 Million

Valtteri Bottas is one of the most accomplished drivers in Formula 1 lately. He held the 3rd position on the charts for 2021 and was also seen in the Australian Grand Prix in 2022. He's partnered with Lewis Hamilton in Mercedes from 2017 until 2021, during which he secured them five constructors championship wins.

While he currently lives in Monaco, he's also got a lake house in his home country of Finland. He also co-owns a coffee roastery called "Kahiwa Coffee Roasters" in Lahti. He is also the proud founder of the "Valtteri Bottas Duathlon," a sporting event that raises funds for various charitable causes.

Zhou Guanyu (Sheffield, UK/Shanghai, China) - $6 Million

Zhou Guanyu became the only full-time Formula 1 sportscar driver of a Chinese origin when he was signed by Alfa Romeo for the 2022 Formula 1 season. On his debut in the 2022 Bahrain Grand Prix, he finished 10th and scored a point. He currently partners with Valtteri Bottas.

Guanyu moved from the bustling city of Shanghai to Sheffield in the United Kingdom in 2012 to make a name for himself in Formula driving. As of 2021, his annual pay was $42,500, while his net worth was approximately $6 million, as per abtc.ng.

Yuki Tsunoda (Faenza, Italy/Sagamihara, Japan) - $5 Million

Yuki Tsunoda is a Japanese sportscar driver. Born in 2020, he'd started karting at the age of ten and made his professional debut at the age of 16 during the F4 Japanese Championship. By 2018, he had already become the champion of the sporting event.

In 2021, Tsunoda moved from Milton Keynes, United Kingdom, to AlphaTauri's headquarters in Faenza, Italy, in a bid to improve his form. He was soon signed by AlphaTauri in 2021 and was retained by them in 2022. He finished 15th at the 2022 Australian Grand Prix.

Pierre Gasly (Rouen, France/Milan, Italy) - $33 Million

Pierre Gasly is a French racing driver who currently drives in Formula 1 for Scuderia AlphaTauri. While he made his professional Formula 1 debut in the 2017 Malaysian Grand Prix, he bagged one win and three podiums.

In 2019, Gasly moved to Milan, Italy. Before then, he'd been living in France. His net worth, according to caknowledge.com, is $33 million, while he earns about $6 million annually. He is the proud winner of the 2013 Eurocup Formula Renault 2.0, while in 2022, he participated in the Australian Grand Prix, securing 9th position.

Fernando Alonso (Lugano, Switzerland/Oviedo, Spain) - $240 Million

The Spaniard Fernando Alonso has been twice crowned the Formula 1 World Champion in 2005 and 2006. Besides that, he has multiple honors and accolades to his name. While he has various properties all across Europe, he's known to be living in Lugano, Switzerland.

Alonso is known as an excellent driver who knows how to preserve his tires and how to drive in a particular weather on a particular track. He had signed a contract with Alpine-Renault for 2021, which was later extended for 2022. He secured the 17th position in the 2022 Australian Grand Prix.

Esteban Ocon (Évreux, France/Switzerland) - $18 Million

While many racing drivers usually come from wealthy families, and as Lewis Hamilton calls it a "billionaire boys' club," Esteban Ocon has broken all barriers. And while his family was not affluent, he's made it into the circuit. He was signed by Manor Racing and made his Grand Prix debut in 2016.

He signed a contract with Alpine F1 for the 2021 season, where he partnered with the two-time Formula 1 champion Fernando Alonso. He was later signed with Alpine F1 for a few more years until 2024. He had secured the 7th position in the 2022 Australian Grand Prix. As per firstsportz.com, he's worth $18 million.

Nicholas Latifi (Toronto, Canada/Montreal, Canada) - $1.5-2.5 Million

Hailing to a business family of multiple racial origins, Nicolas Latifi is a Canadian racing driver. According to firstsportz.com, his annual F1 pay is about $1 million, while his net worth is somewhere between $1.5-2.5 million. He was signed by Williams in 2020, with the contract later extended to 2022.

He made his debut in the Austrian Grand Prix for Williams. However, racing is not all that he does because he is the CEO of his father's company, Sofina Foods, located in Canada. His father, Michael Latifi, also has a minor stake in McLaren.

Alex Albon (Milton Keynes, UK/London, UK) - $1 Million

Alex Albon is a British-born racing driver, but he is a dual national with a Thai passport as well. He had made his debut with Toro Rosso in 2019, though he soon switched to Red Bull in the same year before he signed a contract with Williams in 2022 and finished 10th with them in the Australian Grand Prix.

After joining the new team, Red Bull announced that they'll probably recall Albon for the 2023 season as he had a connection with them. He currently switches residences in Monaco and Milton Keynes, United Kingdom.

Mark Webber (Aston Clinton, UK/Queanbeyan, Australia) - $15 Million

Mark Webber is an Australian Formula 1 veteran with nine wins to his name in the Formula 1 World Championship races. He started racing professionally for Minardi in 2002, while his career ended with playing for Porche in 2016 when he retired. He's popularly known as "Aussie Grit" for his patriotism.

Besides all the honors and awards on the track, in November 2021, he became a producer and an investor in the United Kingdom's Noah Media Group. He has also been a column writer for BBC and Autosport. He currently lives in Aston Clinton with his wife and his stepson.

Felipe Massa (Monaco/São Paulo, Brazil) - $30 Million

Like many other racers, the Brazilian-born Felipe Massa lives in Monaco. While he's known to have retired, he last participated in the Stock Car Brasil seasons of 2021 and 2022. Mediareferee.com reports that his fortune stands at $30 million.

His career growth was basically boosted when he won the Euro Formula 3000 championship in 2001. His Formula 1 World Championship career has 11 wins, 41 podiums, and 15 fastest laps, while he also finished as the championship runner up in 2008, having lost the title by only one point. Massa has been married to Anna Raffaela Bassi since 2007.

Daniil Kvyat (Monaco/Ufa, Russia) - $5 Million

Daniil Kvyat was born in the Russian city of Ufa. He soon moved to Moscow to pursue karting and a career in professional racing. He'd also moved to Italy further ahead in his life, but lately was reported to be in Monaco. He was the proud champion of the 2013 GP3 Series and the 2012 Formula Renault 2.0 Alps.

Kvyat was last seen as a reserve driver for Alpine in 2021 for the Formula 1 World Championship. In 2022, he was set to drive in the FIA World Endurance Championship but didn't in the end. He loves football, table tennis, skiing, and heavy metal music.

Jenson Button (Santa Monica, United States/Frome, UK) - $150 Million

Jenson Button is quite an accomplished formula car driver with a Formula 1 World Championship win in 2009, while he was also crowned champion of the 2018 Super GT GT500. He had last signed with Xite Energy for racing in an all-electric series called Nitro Rallycross for their 2022 and 2023 seasons.

He gained early success when he started karting at eight years old and was later seen playing in British championships. His first race in Formula 1 was with Williams in 2000. Until October 2021, he lived in his luxurious estate in Bel Air, California. Later in March 2022, he bought a new house in Santa Monica.

Michael Schumacher (Gland, Switzerland/Hürth, Germany) - $780 Million

If you've heard even one bit about professional formula racing, you probably know Michael Schumacher. He is one of the most successful formula drivers ever. While he retired for good in 2012, he's got the second-highest Formula 1 World Championship wins among the lot.

He's won the Formula 1 World Championship title seven times and has 91 F1 Grand Prix race wins. An achiever ever since he was a kid, he had won his first karting championship only a year after he got his license at the age of 14. In September 2021, Netflix released a documentary film about him titled "Schumacher."

David Coulthard (Monaco/Twynholm, UK) - $80 Million

David Coulthard is an ex-British formula racing driver who started playing in Formula 1 for Williams in 1994 and retired in 2008 while playing for Red Bull. After retiring, he made the wise decision of putting his skills to good work by becoming a sports presenter and commentator.

In 2019, Coulthard became the president of the British Racing Drivers' Club. Like his personality, he was known for his cool and calm driving style on the track. While he owns multiple properties across the globe, virtualglobetrotting.com reports that he now resides in Monaco.

Nico Rosberg (Monaco/Wiesbaden, Germany) - $55 Million

Nico Rosberg, even though born in Germany, was primarily raised in Monaco. His father was also a Formula 1 World Champion, and now, Nico also has one to his name. He had won the championship in 2016 and retired in the same year.

When Rosberg retired, he said he wanted to spend more time with his family. He's been married since 2014 and has two children. In 2020, he formed the Rosberg X Racing team to compete in the 2021 season of the electric SUV off-road racing series called Extreme E. His team won that inaugural season's championship.

Kimi Räikkönen (Baar, Switzerland/Espoo, Finland) - $250 Million

Kimi Räikkönen, worth $250 million, was ranked the fourth wealthiest F1 driver by racingnews365.com. He had won a Formula 1 World championship in 2007 and has since had a load full of sponsorships and endorsements in the bag. He got titled the second-highest-paid athlete in 2009.

While he last played for Alfa Romeo in 2021, he retired right after that. In 2022, he has been appointed the team principal of the Kawasaki Racing Team for the Motocross World Championship. Besides racing, Räikkönen, nicknamed "The Iceman," is fond of snowboarding and ice hockey.

Antonio Giovinazzi (Martina Franca, Italy) - $560K

Antonio Giovinazzi made his Formula 1 debut with Alfa Romeo in 2019 and played until 2021 before he was signed back on Formula E with Dragon Penske Autosport for the 2021-2022 season. He was crowned champion of the 2012 Formula Pilota China and the 2015 Masters of Formula 3.

Giovinazzi is a very jolly person, and he loves Italian food, has lots of white shoes, loves cycling, and is even a member of the same tennis club where Novak Djokovic trains. His fortune in 2021 was reported by essentiallysports.com to be $560,000.

Nikita Mazepin (Moscow, Russia) - $1.3 Million

Nikita Mazepin is a Russian-born racer who's had a bumpy start since his Formula 1 debut in 2021. He was signed under Haas for a multi-season deal that year but failed to score any points for them. In the consecutive year, his contract was terminated owing to the geopolitical scenario.

Mazepin was born in 1999 in Moscow, Russia, to a businessman father. He was a hard worker since his early days. Soon after winning the Russian Karting Championship, he started to eye the international karting ring in 2011. In 2016, he started professional car racing in 2014 in the MRF Challenge Formula 2000.

Otmar Szafnauer (Enstone, UK/Semlac, Romania) - $1 Million

Otmar Szafnauer is an electrical engineer who hails from the small village of Semlac in Romania, and his record tells that he's a bright and hard-working person. Having been hired by Ford in 1986, he attended a driving school and began racing for Formula Ford in 1991.

Szafnauer's been with the best car manufacturers, including Honda and Aston Martin. In 2022, he joined Alpine F1 as their team principal. While he lived in the United States before then, he's now moved to Enstone, United Kingdom, the headquarters of Alpine F1.

Mattia Binotto (Modena, Italy/Lausanne, Switzerland) - Undisclosed

Ferrari is a renowned team on the Formula 1 circuit, and carrying the weight of its name on its shoulders is its team principal Mattia Binotto. He studied motor vehicle engineering at the University of Modena and Reggio Emilia, which laid the foundation of his career.

In 1995, at the age of 26, he joined Scuderia Ferrari in their engine department. Since then, he's been the head of the engine department and the chief technical officer. In 2019, he became the team principal. In 2022, he credits Michael Schumacher's influence as he plans on taking Ferrari through the championship win.

Andreas Seidl (Unknown/Passau, Germany) - $6.5 Million

Motorsport engineer Andreas Seidl had been appointed as the team principal of the McLaren Formula 1 team in January 2019. His current residence is unknown since there was quite sometime in 2020 when he was working remotely, away from the team.

While there are only rumors about his fortune over the Internet, flowracers.com claims his 2022 wealth is $6.5 million while drawing an annual pay of around $2 million. As of 2022, Seidl consistently made news for his team's performance in Formula 1. This German athlete's press briefings remind the world that he is a very hard working person.

Christian Horner (Oxfordshire, UK/Warwickshire, UK) - $50 Million

Christian Horner is a former racing driver who started his career in 1991. After competing in a few local championships, he participated in the Formula 3000 in 1997. But the following year, he retired from driving and was appointed to focus on Team Arden's performance, beginning his career in team management.

Horner's now been a team principal at Red Bull Racing since 2005. He loves football and supports the Coventry City F.C. He is married to the former Spice Girl and pop star Geri Halliwell, who he lives in Oxfordshire with.

Mike Krack (London, UK/Bavaria, Germany) - $1 Million

Mike Krack is a motorsports engineer who was born in Luxembourg. He's always worked at one of these big sportscar manufacturing companies. While his career started with his job as a test engineer, he was appointed at Aston Martin as their team principal in March 2022.

His journey from test engineer to team principal has been a long one where he's managed a variety of roles for multiple organizations. But during this period, he's made a name for himself in the sportscar driving industry. He is currently known to reside in London.

Günther Steiner (Mooresville, United States/Merano, Italy) - $1 million to $5 million

The famous Haas F1 team is currently led by their team principal Günther Steiner. He is a dual citizen with American and Italian passports and speaks three languages fluently: Italian, German, and English. He resides in North Carolina with his wife and daughter.

He started his career in 1986, before he even graduated with his engineering degree. He has now spent around three decades in racing and has won many hearts of F1 fans. Steiner had been in the news in early 2022 because of the surrounding issue about replacing Sochi Grand Prix.

Franz Tost (Faenza, Italy/Trins, Austria) - Undisclosed

The Scuderia AlphaTauri Formula 1 team is currently led by its principal Franz Tost. After competing in the Formula 3 and Ford Formula competitions he became a team manager and side-by-side studied Sport Science and Management at the Walter Lechner Racing School.

His career as a team principal started with Scuderia Toro Rosso in 2006. He was retained in the position after the team was renamed as AlphaTauri. Even though he keeps his life very private, we see him in the news now and then. In April 2022, he commented on the "engine problems" in Red Bull.

Frédéric Vasseur (Draveil, France) - $2.4 Million

Frédéric Vasseur is not only the team principal but also the managing director and CEO of the Switzerland-based racing company Sauber Motorsport AG. In April 2022, he was in the news for backing and cheering his team through the season. He has also been the team principal for Alfa Romeo Sports since 2019.

His career started back in 1996 when he graduated in aeronautics and engineering from ESTACA and founded his team called ASM. His team had then won the French Formula 3 and Formula 3 Euroseries championships. His permanent residence is in his hometown of Draveil, France.

Jost Capito (Neunkirchen, Germany) - Undisclosed

Jost Capito is a motorsport manager from Germany. Although he has worked on so many projects, the most successful part of his career was becoming Volkswagen's Director of Motorsport. The brand even won the constructors' championship.

Currently, he's been serving as the CEO and group leader at Williams since 2020 and their team principal since 2021. He has worked for several other esteemed companies, too, including Porche, BMW, and McLaren. In April 2022, he was proud to announce that his team had achieved the top ten position within the first three rounds.

Toto Wolff (Monaco/Vienna, Austria) - $572 Million

Toto Wolff is possibly one of the most famous team principals on the circuit. He's been heading the Mercedes AMG Petronas Formula 1 team since 2014. While he started his career as a racer in the Austrian Formula Ford Championship in 1992, he soon won the 24-hour race.

Aside from his day job, Wolff is an investor with stakes in companies such as German HWA AG, BRR Rallye Racing, the Mercedes EQ Formula E Team, and a few more. In 2021, he was part of the documentary TV series "Formula 1: Drive to Survive."