F1 prize money 2021 as Verstappen wins title after last-lap drama with Hamilton

Max Verstappen’s spectacular Formula One World Championship campaign is believed to have pocketed him an extra £12million bonus.

The Red Bull ace secured his first ever F1 world title in dramatic, and controversial fashion after he pipped Lewis Hamilton to the finish line in Abu Dhabi on Sunday.

Verstappen’s ferocious rivalry with the Mercedes ace set up a grandstand winner-takes-all conclusion, as both drivers came into the Abu Dhabi Grand Prix level on 369.5 points.

But it was Verstappen who ended this thrilling affair on top, with a jaw dropping overtake in the final lap at the Yas Marina circuit.

And his daring move is believed to have also earned him a sizeable bonus, as reports have claimed his heroics this season will have earned him around £12m in bonuses.

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Reports from Marca have claimed the Dutchman’s heroics over the course of this dramatic F1 campaign will see his salary from this season rise from around £19.6m to £31.5m.

While Verstappen would not have received a ‘drivers fee’ from F1 themselves, the accumulated bonuses from this campaign will pocket him around £11.9m extra.

And Hamilton would have also been in line for a huge financial bonus if he was able to hold on to his lead.

The Brit had amassed a huge 10-second lead when he came into the final five laps at Yas Marina.

While Verstappen had made up some ground on him coming into the final lap, Hamilton still had the advantage over his rival.

However, a crash from Williams driver Nicolas Latifi and the emergence of a safety car appeared to throw the race into chaos, and Verstappen capitalised with an overtake in the final lap.

If Hamilton had maintained his lead and won his eighth title, reports from the Sun claimed the Mercedes ace would have received a cool £4m bonus.

It is also believed the rest of the Mercedes staff would have also shared a £17.5m bonus amongst themselves, pocketing them an extra £10,000 each.

However, it was not to be as Verstappen overtook the Brit in dramatic fashion.

In addition, Red Bull themselves are also believed to have received around £50m in prize money from Formula.

F1 have managed to generate a huge £1.05billion during the 2021 season, and reports from the Daily Star understand £50m is awarded to the winning team as prize money.

A core amount of prize money, believed to around 47.5 per cent of F1’s profit, is split into two with one half shared amongst the top ten teams in the Championship.

These are then decided on a sliding scale which is informed by the events of the race. However, Verstappen’s mind was certainly not on the money, during his post-race celebrations .

"Lewis is an amazing driver, an amazing competitor," Verstappen said shortly after his victory.

"They made it really really hard for us. The two teams went against each other and we had some tough times but that's part of sport and the emotion, everyone wants to win.

"It could have gone either way today and next year we'll come back and try it all over again."

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