Formula One, also known as the Formula 1 or F1, is the top level single-seatauto racing organization authorized by the Fédération Internationale de l’Automobile (FIA). The F1 season is held throughout the world on public roads and purpose-built tracks, and consists of a series of races known as the Grands Prix. The results of each race are analyzed on a points-based system to determine the annual World Championships, one for the drivers and one for the cars’ constructors.
Grand Prix racing began in 1906, and Europe (the traditional base of F1) today hosts about half of each year’s races. Formula 1’s high profile and popularity have had significant economic effects and job-creation since it’s beginning, and today it has created a major merchandising environment. With an annual spending totaling billions of US dollars, an increasing number of Grands Prix are being held on other continents as well. The sport’s scope has expanded significantly over the years, and has had a high volume of spectators all over the globe.
Many people think that Formula 1 drivers make easy-good money. But the truth is, driving at more than 200 miles each race, F1 is definitely a dangerous job for the drivers. That’s why these drivers are expected to make a lot of money each time they get in the car, and take home over $150 million at the end of the year. Keep reading to find out who are the 10 Formula 1 drivers receiving the biggest salary tags in 2014.
10. Romain Grosjean – Lotus – €1.5M ($2.04M USD)
Romain Grosjean made his Formula One debut in the 2009 European Grand Prix, and currently drives for the Lotus F1 Team. He won the Formula Three Euroseries in 2007 and the inaugural GP2 Asia Series in 2009. He is the 2011 GP2 Series and GP2 Asia Series champion, and as of January, 2014, is the only driver to simultaneously hold both the GP2 Series and GP2 Asia Series titles. Lotus will pay the 27-year-old Swiss driver €1.5 million in 2014. Grosjean was ranked 7th in the 2013 Formula One Drivers’ Standings.