WATCH NOW: Sports round-up as 2025 F1 salaries revealed
The Briton will be hoping to secure glory for the first time since 2020 this year
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Max Verstappen remains Formula One's highest-paid driver in 2025, earning a staggering £52million-a-year from Red Bull.
The Dutchman's salary tops that of Lewis Hamilton, who will pocket £48m annually following his shock switch to Ferrari.
Hamilton, 40, has signed a two-year deal with the Italian giants as he pursues an eighth world championship.
Verstappen's current contract runs for another three seasons with Red Bull, where he has claimed four consecutive titles.
F1 salaries for 2025 have been revealed with Max Verstappen earning more than Lando Norris and Lewis Hamilton
PA/REUTERS
The reigning champion won nine races last year, his lowest tally across his recent championship-winning campaigns.
In stark contrast to the sport's top earners, several drivers will receive significantly more modest salaries in 2025.
Verstappen's Red Bull teammate Liam Lawson, 23, will earn just £800,000 this season.
At the bottom end of the pay scale, Alpine's Jack Doohan and Red Bull's Isack Hadjar will each take home £700,000.
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F1 star Max Verstappen will be aiming to win the Formula One title for the fifth year in a row
PA
Lance Stroll's open contract with Aston Martin sees him earn £2.3m per season.
"Last year has been challenging at times," Verstappen admitted. "I hope that we can be a little bit more stable and a little bit more all-round throughout the season."
Charles Leclerc will earn £27m at Ferrari, significantly less than his new team-mate Hamilton.
At Mercedes, George Russell steps up as team leader with an annual salary of £12m.
McLaren's Lando Norris, who finished second overall with four wins in 2024, commands £16m per year.
His current deal with McLaren extends until 2026.
Hamilton will make his eagerly anticipated Ferrari debut at the season opener in Melbourne on March 16.
Former F1 CEO Bernie Ecclestone has cast doubt on Hamilton's Ferrari future, however, and believes the 40-year-old will leave ahead of schedule.
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"Hamilton won't last [two years]," Ecclestone told The Telegraph.
"Piero Ferrari, who has taken him there, still thinks they've done the right thing. I hope they have. I hope they haven't just jumped in and end up wishing they hadn't."
The Australian Grand Prix at Albert Park will kick off a double-header, with Shanghai hosting the Chinese Grand Prix just a week later.
Today marks a historic moment in Formula One as all ten teams come together for an unprecedented joint livery unveiling.
F1 star Lewis Hamilton hasn't won the title since 2020
REUTERS
The special event represents the first time in F1 history that teams have coordinated to reveal their new car designs simultaneously.
The showcase precedes what promises to be an intriguing 2025 season, beginning with the Australian Grand Prix in Melbourne.
The opening race will mark Hamilton's first competitive outing in Ferrari red, as he begins his quest for an eighth world title.