How much is Carlos Sainz worth? Carlos Sainz salary 2023

Find out what Carlos Sainz's net worth is and how much he will earn in the 2023 Formula 1 season

-

Carlos Sainz has quietly been one of the best drivers in Formula 1 for a number of years now, and that’s reflected in his pay packet for Ferrari.

Racing for the Scuderia since the start of 2021, Sainz has not only demonstrated his racing prowess but has also become an integral part of the team’s strategy.

Despite Charles Leclerc being the team leader on paper, Sainz has proved an able foil and been more than a match for Leclerc on many occasions, taking his first F1 win with Ferrari in 2022 at the British Grand Prix.

At one stage it would’ve proved unthinkable that Sainz be challenging for team leadership at such a household name, as he was outperformed by Max Verstappen at Toro Rosso in 2015.

But after a better spell at Renault, Sainz had a breakout two seasons at McLaren that caught the eye of Ferrari, setting him on his current trajectory as a potential future world champion. So how does Sainz’s success translate into financial figures?

How much will Carlos Sainz earn in 2023?

Charles Leclerc and Carlos Sainz after 2022 Hungarian GP credit: @Scuderia Ferrari Press Office

For the 2023 season, Carlos Sainz commands a salary of $12 million. Though half of Leclerc‘s earnings, it’s still a envy-inducing total.

It’s enough to place him in the top five earners in F1, and means Ferrari have the third-highest wage bill in the sport.

That hasn’t been reflected in their performances across the season but Sainz‘s ability to work cohesively with the team, provide valuable feedback and play a strategic role in races has still helped them in 2023.

Performance-based bonuses, tied to race results and potential championship standings, could further boost Sainz’s annual earnings, emphasizing his value to Ferrari.

However, that would’ve been more of a factor in 2022 when he took a race win and finished fifth in the drivers’ standings.

How much is Carlos Sainz worth?

Red Bull’s Max Verstappen celebrates on the podium after winning the Belgian Grand Prix with second placed Red Bull’s Sergio Perez and third placed Ferrari’s Carlos Sainz Jr. REUTERS/Stephane Mahe

Carlos Sainz’s net worth is a complex tapestry woven from his F1 salaries, lucrative endorsement deals, and personal ventures.

Renowned brands like Estrella Galicia and Richard Mille have had longstanding associations with Sainz, contributing significantly to his financial stature.

Estrella Galicia, the Spanish beer company, has been a longtime partner of Sainz. They produce approximately 200 million litres of beer per year in northwest Spain, and also adorn Sainz‘s helmet.

Beyond the racetrack, Sainz has showcased a keen interest in real estate, with investments in prime locations in Spain and Monaco.

He also boasts a luxury garage featuring several Ferraris and McLarens, souvenirs of an F1 career that’s taken him to three of the most successful teams of the 21st century.

That includes a Ferrari 812 Competizione and Roma, a McLaren 720S and 600LT – plus a Volkswagen Golf, at the other end of the spectrum.

Furthermore, collaborations with various brands for merchandise, personal branding initiatives, and appearances have also added layers to his financial portfolio, so that he’s currently worth around $50 million.

F1 Driver Salaries 2023

DriverSalaryContractTeam
1Max Verstappen$55m2028Red Bull
2Lewis Hamilton$35m2023Mercedes
3Charles Leclerc$24m2024Ferrari
4Lando Norris$20m2025McLaren
5Carlos Sainz$12m2024Ferrari
6Sergio Perez$10m2024Red Bull
7Valtteri Bottas$10m2025Alfa Romeo
8George Russell$8m2023Mercedes
9Esteban Ocon$6m2024+Alpine
10Fernando Alonso$5m2024+Aston Martin
11Pierre Gasly$5m2024+Alpine
12Kevin Magnussen$5m2023Haas
13Alex Albon$3m2024+Williams
14Lance Stroll$2mOpenAston Martin
15Nico Hulkenberg$2m2024Haas
16Zhou Guanyu$2m2023Alfa Romeo
17Oscar Piastri$2m2024+McLaren
18Yuki Tsunoda$1m2023+AlphaTauri
19Logan Sargeant$1m2023+Williams
20Daniel RicciardoN/a2023AlphaTauri

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Must Read

- Advertisment -