Hamilton’s income for 2022 has been revealed
Estimates are generated in collaboration with data organisation Formula Money, based on legal filings, financial documents, press leaks and information from industry insiders. These are pre-tax estimates.
The 2022 season perhaps did not quite deliver the desired excitement levels following sweeping regulation changes, but Max Verstappen certainly delivered as he cruised to his second World Championship in as many years.
Such was his dominance, Verstappen secured his second title at the Japanese GP when four rounds of the season still remained, setting a new record for the highest number of victories in a single season with 15, the record formerly co-held by Sebastian Vettel and Michael Schumacher with 13.
Lewis Hamilton is the 17th highest-earning athlete in the world in 2022 – but has pocketed a lot less than in 2021.
Hamilton’s earnings totalled $65m (£54m) in 2022 compared to $82m in 2021, according to Forbes who combine every athlete’s income from their sport plus extra revenue from outside interests.
The Mercedes F1 driver has dropped from the eighth highest-earning athlete in the world to 17th in the space of a year.
Max Verstappen is the 26th highest earning athlete of 2022 with a total of $48m (£40m).
Forbes’ top 10 highest-earning athletes of 2022
- Lionel Messi (football), $130m – $75m on-field, $55m off-field
- LeBron James (basketball), $121.m – $41.2m on-field, $80m off-field
- Cristiano Ronaldo (football), $115m – $60m on-field, $55m off-field
- Neymar (football), $95m – $70m on-field, $25m off-field
- Stephen Curry (basketball), $92.8m – $45.8m on-field, $47m off-field
- Kevin Durant (basketball), $92.1m – $42.1m on-field, $50m off-field
- Roger Federer (tennis), $90.7m – $0.7m on-field, $90m off-field
- Canelo Alvarez (boxing), $90m – $85m on-field, $5m off-field
- Tom Brady (NFL), $83.9m – $31.9m on-field, $52m off-field
- Giannis Antetokounmpo (basketball), $80.9m – $39.9m on-field, $41m off-field
17. Lewis Hamilton (F1), $65m – $57m on-field, $8m off-field
joint-26. Max Verstappen (F1), $48m – $46m on-field, $2m off-field
Forbes had previously released their top 10 of 2022, confirming Hamilton had dropped out since 2021, but have now confirmed the entire top 50 which is dominated by US sportspeople.
Hamilton’s income from F1 was $57m (£47m) and his extra revenue was $8m (£7m).
Interestingly his F1 income has dropped from $70m in 2021 (in part due to the worst statistical season of his career where he didn’t win a single race), but his revenue outside of sport has grown from $8m to $12m.
Hamilton’s many business interests outside of F1, including a stake in NFL franchise the Denver Broncos, contribute to his total.
In 2022 he was No1 in the F1 drivers salaries list, slightly above Verstappen.
The Mercedes driver is contracted for one more season but plans to extend his stay.
Verstappen’s income outside of F1 totals just $2m (£1.6m).
He is on a long contract at Red Bull and, if the dominance that has seen him rack up consecutive championships continues, then his earnings outside of F1 could escalate too.
Can Lewis Hamilton return to the Formula 1 summit in 2023?
2022 was certainly an off year for Mercedes as the revised regulations dumped them behind Red Bull and Ferrari, though Hamilton’s performances, particularly as the season went on, suggested that the events of Abu Dhabi in 2021 have not knocked him off his stride.
With the United States and Sao Paulo GPs proving to be particular highlights, Hamilton will now set about chasing that record-breaking eighth World Championship once more in 2023, which if he achieves it, will likely put him back on top in Formula 1 financially and very much so statistically, since he already holds a host of records including most race wins, poles and podiums.
His current tally of seven World Championships ties him with the legendary Michael Schumacher.
Hamilton and Verstappen proved that old wounds have not fully healed when they collided during the 2022 Sao Paulo GP, so if Mercedes provide the car as they are setting out to do, then for Hamilton, the fight and will to win is still very much there, and we may well be treated to the next instalment of his rivalry.
Read Also : Red Bull’s Max Verstappen aiming for Formula One title hat-trick in 2023
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Hamilton’s income for 2022 has been revealed Hamilton’s income for 2022 has been revealed