F1 Prize Money Distribution, How Much Will Mercedes Make For Winning The 2021 Constructors Championship Title

Know how much will Mercedes make after winning the F1 Constructors Championship title and the prize money distribution for 2021
Although Lewis Hamilton failed to win his eight drivers' championship title, Mercedes managed to bring home a record eight successive F1 constructors championship title with the pair of Hamilton and Valtteri Bottas managing to ease past Red Bull.
Elsewhere, Verstappen raked in his inaugural drivers' championship title as he won the Abu Dhabi 2021 Grand Prix after a safety car deployment in the 53rd lap allowed him to get fresh soft tyres. They allowed him the opportunity to move ahead of Hamilton and with it become the first ever driver from Netherlands to get his hands around the prestigious trophy.

F1 2021 Prize Money: How Much Mercedes Will Make For Winning The Constructors Championship

Prize money is divided into two categories with one half of the fund going to the F1 group and its shareholders while the other half goes to the teams. The prize money is equivalent to 47.5% of the profit made by the F1 which is divided into two with one half split between the top ten teams in the championship.
F1 has generated $1.38billion in 2021 (£1.05bn) as revenue and the winning side will receive up to £50m extra for winning the Championship.
Hamilton is the highest paid driver this season with him earning £22m per year while Verstappen earns £18m. Hamilton has already made £47m this season while Verstappen made £32m plus bonus and Fernando Alonso is third at £19m.
A Hamilton win would have released a £17.5m in bonus money which would have been given to Mercedes staff with 2,000 staff receiving around £10,000 in bonus money.

2017 Formula 1 Prize Money Table
Standings

Teams

Equal

Merit

Other Payments

TOTAL
1

Mercedes

$42m

$76.5m

$30m (Historical payment)

$148.5m
2

Ferrari

$42m

$56m

$90m (Ferrari payment) + $20m (bonus fund)

$208m
3

Williams

$42m

$45.5m

$30m (Historical payment)

$117.5m
4

Red Bull

$42m

$38.5m

$60m (Bonus Fund)

$140.5m
5

Foce India

$42m

$35m
$77m
6

Lotus

$42m

$31.5m
$73.5m
7

Toro Rosso

$42m

$24.5m
$68.5m
8

Sauber

$42m

$21m
$63m
9

McLaren

$42m

$17.5m

$34m (Bonus Fund)

$93.5m
10

Marussia

$42m

$14m
$56m
F1 Drivers Salaries 2021
Pos

Driver

Team

Salary (GBP)

Salary (USD)
1

Lewis Hamilton

Mercedes

£22m

$30m
2

Max Verstappen

Red Bull

£18m

$25m
3

Fernando Alonso

Alpine

£15m

$20m
4

Sebastian Vettel

Aston Martin

£11m

$15m
–

Daniel Ricciardo

McLaren

£11m

$15m
6

Charles Leclerc

Ferrari

£9m

$12m
7

Valtteri Bottas

Mercedes

£7m

$10m
–

Carlos Sainz

Ferrari

£7m

$10m
–

Lance Stroll

Aston Martin

£7m

$10m
–

Kimi Raikkonen

Alfa Romeo

£7m

$10m
11

Sergio Perez

Red Bull

£6m

$8m
12

Lando Norris

McLaren

£4m

$5m
–

Esteban Ocon

Alpine

£4m

$5m
–

Pierre Gasly

AlphaTauri

£4m

$5m
15

Antonio Giovinazzi

Alfa Romeo

£730,800

$1m
–

Mick Schumacher

Haas

£730,800

$1m
–

Nikita Mazepin

Haas

£730,800

$1m
–

Nicholas Latifi

Williams

£730,800

$1m
–

George Russell

Williams

£730,800

$1m
20

Yuki Tsunoda

AlphaTauri

£364,900

$500,000
ALSO READ: The Ashes Winners List By Year, Highest Run Scorer, Wicket Taker, Prize Money
Recommended: The Sports Fan App

Read the full article