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?
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?
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
|1||Max Verstappen||$55m||2028||Red Bull|
|6||Sergio Perez||$10m||2024||Red Bull|
|7||Valtteri Bottas||$10m||2025||Alfa Romeo|
|10||Fernando Alonso||$5m||2024+||Aston Martin|
|14||Lance Stroll||$2m||Open||Aston Martin|
|16||Zhou Guanyu||$2m||2023||Alfa Romeo|