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Oct 20, 2024; Austin, Texas, USA; Mercedes AMG Petronas Motorsport driver Lewis Hamilton of Team Great Britain arrives at the Formula 1 Pirelli United States Grand Prix at Circuit of the Americas. Mandatory Credit: Jay Janner-Imagn Images Jay Janner/USA TODAY Network via Imagn Images

Lewis Hamilton's Staggering Ferrari Salary Reported As He Arrives In Maranello

Originally posted on F1 on SI | By Lydia Mee | Last updated Jan 20, 2025 8:30 AM ET

It has been reported that seven-time F1 champion Lewis Hamilton is set to earn a staggering $100 million salary at Ferrari. This massive sum encompasses not only his base salary but also endorsements, image rights, and potential bonuses.

The British driver has arrived at Maranello today to start the onboarding process with Ferrari. Taking to social media to mark the big moment, Hamilton wrote:

"There are some days that you know you’ll remember forever and today, my first as a Ferrari driver, is one of those days. I’ve been lucky enough to have achieved things in my career I never thought possible, but part of me has always held on to that dream of racing in red. I couldn’t be happier to realise that dream today.

"Today we start a new era in the history of this iconic team, and I can’t wait to see what story we will write together."

Hamilton has long been a dominant force in the sport since winning his first title in 2008 with McLaren. His decision to move to Ferrari comes after more than a decade of success with Mercedes.

With Hamilton's arrival, Ferrari's driver dynamics are set to change significantly. Charles Leclerc, who is currently on a multi-year deal with Ferrari, has welcomed Hamilton’s inclusion.

Leclerc views Hamilton’s presence as beneficial for the team rather than as a threat. The Monegasque driver previously commented:

“It’s going to be incredible to have Lewis on the team.

“And, obviously, to be able to have such an incredible champion in the same team as me, with the same car.

“First, it’s going to be a great opportunity to learn from one of the best ever.

“And second, I think it is going to be an amazing opportunity, also, for me to be able to show what I’m capable of, so I’m really looking forward to it.

“By being on karting tracks every weekend growing up, it was difficult for me to actually follow a Formula 1 season, so I used to watch some races and he was definitely one of the guys that I looked up to.

“In the first year [in F1], I remember being super-impressed and intimidated by all these amazing drivers, and Lewis is probably the best out there, so being able to race with him was crazy.”

2025 Formula One Season Schedule

Pre-Season Testing

Dates: 26-28 Feb
Location: Bahrain, Sakhir
Event Name: FORMULA 1 ARAMCO PRE-SEASON TESTING 2025
Circuit: Pre-Season Testing

Australia

Dates: 14-16 Mar
Location: Australia, Melbourne
Event Name: FORMULA 1 AUSTRALIAN GRAND PRIX 2025
Circuit: Melbourne circuit

China

Dates: 21-23 Mar
Location: China, Shanghai
Event Name: FORMULA 1 HEINEKEN CHINESE GRAND PRIX 2025
Circuit: Shanghai circuit

Japan

Dates: 04-06 Apr
Location: Japan, Suzuka
Event Name: FORMULA 1 LENOVO JAPANESE GRAND PRIX 2025
Circuit: Suzuka circuit

Bahrain

Dates: 11-13 Apr
Location: Bahrain, Sakhir
Event Name: FORMULA 1 BAHRAIN GRAND PRIX 2025
Circuit: Sakhir circuit

Saudi Arabia

Dates: 18-20 Apr
Location: Saudi Arabia, Jeddah
Event Name: FORMULA 1 STC SAUDI ARABIAN GRAND PRIX 2025
Circuit: Jeddah circuit

Miami

Dates: 02-04 May
Location: Miami, Miami
Event Name: FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX 2025
Circuit: Miami circuit

Emilia-Romagna

Dates: 16-18 May
Location: Emilia-Romagna, Imola
Event Name: FORMULA 1 AWS GRAN PREMIO DEL MADE IN ITALY E DELL'EMILIA-ROMAGNA 2025
Circuit: Imola circuit