Michael Schumacher Is 2010’s Highest Paid F1 Driver

Schumi in his glory years. Photo: Chris J. Moffett

Not even three years of retirement can impact Michael Schumacher’s ability to negotiate a contract. The seven time world champion’s retainer for the 2010 season will be $33.48 million dollars, not counting any additional bonuses, winnings or endorsement deals. Next in line is Fernando Alonso: the two time world champion will be taking home $24.1 million dollars this year. Rounding out the high salary podium is Lewis Hamilton, who’s putting $21.4 million in his bank this year. Jenson Button, last year’s world champion, can’t seem to get any respect; his salary as Hamilton’s teammate is a paltry $16.8 million.

There are 19 races on this year’s schedule, 18 if the venue for the Korean Gran Prix isn’t completed in time. Do the math; Michael Schumacher is earning nearly $1.8 million for every race weekend while poor Jenson Button has to settle for $884,211 per race. No wonder the guy had to sell his Bugatti Veyron.