How Much Money Max Verstappen Made in 2024 After His 4th F1 Championship?

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Max Verstappen clinched his fourth consecutive F1 championship despite finishing fifth in the Las Vegas Grand Prix on Sunday morning, securing the title with two races remaining and extending his dominant lead in the standings.

Arriving in Las Vegas, Verstappen only needed to outpace Lando Norris to secure the championship. Despite Norris’ determined challenge throughout the season, his sixth-place finish in Sao Paulo effectively ended his title hopes.

Verstappen now holds an unassailable 64-point lead with just two race weekends remaining in the 2024 season. He joins an elite group of only five drivers to secure four consecutive championships, alongside Michael Schumacher, Lewis Hamilton, Sebastian Vettel, and Juan Manuel Fangio. Alain Prost, another four-time world champion, claimed his titles in 1985, 1986, 1989, and 1993.

After a dominant start to the season, with seven wins from the first 10 races and a commanding lead in the standings, Verstappen experienced an unexpected slump, struggling to secure victories and raising doubts about his aggressive racing style. However, a strong resurgence in Brazil confirmed that the Dutchman was back on track, ultimately sealing his fourth consecutive title in Las Vegas. McLaren’s Norris, aiming to dethrone the Dutchman, will need to come back even stronger next year.

How much money Max Verstappen make in 2024?

Surprisingly, championship winners do not receive direct prize money, as clarified on F1 1’s website. Instead, they typically earn substantial bonuses from their teams, contingent on the terms negotiated in their contracts.

In 2024, Verstappen’s eight race wins have earned him an additional $12 million on top of his base salary, though this is $14 million less than his bonus earnings in 2023, based on widely reported figures. Nevertheless, the four-time champion is projected to amass a total income of $67 million by year’s end, solidifying his status as the highest-paid driver. This figure includes not just his Red Bull earnings but also significant advertising revenue.

Verstappen’s exceptional performance, flawless consistency, and remarkable success at just 27 years old position him among the highest earners in global sports, reflecting his status as one of the greatest drivers in Formula 1 history. His value to Red Bull is evident, with substantial earnings tied to his points and positions in the championship. Notably, Verstappen’s efficient driving keeps his repair costs under one million euros, a stark contrast to teammate Sergio Perez, whose RB20 repair expenses have already surpassed 4.5 million euros.

Verstappen ranks 17th in Forbes’ list of the highest-paid athletes, reflecting his impressive earnings during the 2023 season.

Mohd Faisal Hakak

Mohd Faisal Hakak is a sports author from Kashmir. He likes to keep tabs on the sporting world with a keen interest in football, motorsports, NBA, and other marquee sports. He is a science graduate from Islamia College Srinagar.

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