Formula One teams earn in million’s for top finishing. The prize money hike 25% in last five years. In 2018, Ferrari make $208 million from constructors championship which include bonus. However Ferrari retain’s the top position with ($511.9 million) as of winning share in year 2019. Some Formula 1 teams received extra bonus money on base of their previous season performance and popularity. F1 2022 Prize Money reported.
| Racing Teams | Column 1 | Column 2 | Bonus & Others | Total |
|---|---|---|---|---|
| Ferrari | $35 Million | $56 Million | $114 million | $205 Million |
| Mercedes | $35 Million | $66 Million | $76 million | $177 million |
| McLaren | $35 Million | $46 Million | $71 million | $152 million |
| Red Bull Racing | $35 Million | $32 Million | $33 million | $100 million |
| Renault | $35 Million | $38 Million | N/A | $73 million |
| Haas | $35 Million | $35 Million | N/A | $70 million |
| Williams | $35 Million | $15 Million | N/A | $60 million |
| Racing Point | $35 Million | $24 Million | N/A | $59 million |
| Sauber | $35 Million | $21 Million | N/A | $56 million |
| Toro Rosso | $35 Million | $17 Million | N/A | $52 million |
In the above table first column represent the equal merit. Which means all teams received a fixed amount of prize money ($35 million). The 2nd column is about how F1 teams finished on points table. The prize money paid to all F1 teams according to their drivers position on formula 1 table and constructors position.
Formula One organizers provide extra support to some teams with annual bonus money. Ferrari F1 team earn highest bonus money in season 2019. According to sources ($114 million) paid in bonus to them. Bonus prize money is not fixed for every team almost half of the team wont earn any bonus.
| Team Drivers | Total Team Prize Money Won |
|---|---|
| Sebastian Vettel | $511.9 million |
| Lewis Hamilton | $449.6 million |
| Kimi Räikkönen | $386.3 million |
| Nico Hülkenberg | $250.9 million |
| Sergio Pérez | $232.2 million |
| Daniel Ricciardo | $231.1 million |
| Valtteri Bottas | $218.3 million |
| Romain Grosjean | $200.9 million |
| Robert Kubica | $154.7 million |
| Max Verstappen | $132.5 million |
| Carlos Sainz | $126.5 million |
| Daniel Kvyat | $71.8 million |
| Kevin Magnussen | $49.9 million |
| Lance Stroll | $33.3 million |
This is how much driver earn prize money for their teams. Sebastian Vettel leads the list with almost $511 million which include racing winning bonus. Lewis Hamilton stand 2nd in the list of 2019, drivers prize money. He brings $450 million to his team account. The lowest prize money won by any driver for his team is Lance Stroll $33.4 million. Further detail about prize money distribution among F1 teams will be provided here. How much Formula 1 prize money adjusted in 2022.