The salary of the drivers are paid by the teams but that is kept outside the budget cap restrictions. So there’s no limit to the salary paid to the drivers. It means that similar to other sports, there’s a large inequality in the salaries paid to the drivers. Some premium drivers, top-level drivers, are paid much higher salaries than others.
Such as Max Verstappen, He has been the Driver Champion for the last 2 years, It’s estimated that last year, he was paid around $60 million in the year. Compare it to Mick Schumacher’s salary, who was paid only $1 million for the same year. Obviously, the salary depends on several things. Other than the driver’s success, it is also dependent on the team for which the driver is driving, the level it is at and how much money it has. Mick Schumacher races for the Haas team, that is still growing.
Presently, though there are no Indian teams in Formula 1 racing, but there is an Indian connection to the F1. Till now, we had 2 Indian drivers. Narain Karthikeyan, And Karun Chandhok. They drove and participated in the Championship for 3 years and 2 years respectively. But perhaps a better highlight for India was that India had a team in Formula 1, Force India.
