What Does Oscar Piastri Earn in Formula 1?
When it comes to F1 salaries, things are rarely black and white—and Oscar Piastri’s paycheck is no exception.
Official numbers? Not available. But between team press releases, financial estimates, and sponsorship reveals, we can piece together a good picture of what the McLaren driver is earning.
In 2025, Oscar Piastri is believed to earn a base salary of around $6 million per year, according to data from Spotrac and other motorsport salary trackers. On top of that, he likely earns bonuses for performance, including race wins, podiums, and points scored—though McLaren hasn’t released the full details of his bonus structure.
Back in 2024, Forbes ranked him 7th among the highest-paid F1 drivers, estimating his total earnings for the year at $24 million. That’s a huge number, especially for someone only a few seasons into their Formula 1 career.
In fact, his first season at McLaren in 2023 reportedly started at $2 million in base salary—but thanks to bonuses and on-track success, he ended up earning $8 million that year.
Net Worth: How Much Has Piastri Accumulated?
Again, estimates for Piastri’s net worth vary. He’s only been in F1 for a few of years so he hasn’t had a chance to rack up anywhere near the wealth of some of the more seasoned drivers. Lewis Hamilton’s $350 million net worth seems a long way off.
For Oscar, estimate for his net worth range from $2 million to $10 million in 2025. That figure aligns more closely with his earnings over the last couple of seasons and reflects his rising profile in the sport.
And let’s not forget—he’s only a few years into his F1 career. If he keeps delivering on the track, that number is going to rise fast.
Brand Deals and Endorsements
Piastri might not have as many big-name sponsors as some of the F1 veterans (yet), but his portfolio is already growing—and it’s smartly aligned with his personal brand.
He’s currently a global brand ambassador for Quad Lock, an active lifestyle brand known for their premium phone mounts and accessories. The partnership is a natural fit, considering Piastri’s background in motorsport and the brand’s Australian roots.
He also serves as an ambassador for Dubber, a cloud-based call-recording software company also based in Australia. It’s a more tech-focused partnership, but it shows the breadth of his appeal.
And then there’s a personal connection—HP Tuners, a U.S.-based automotive software company run by his father, Chris Piastri. While it’s a family business, Oscar’s presence in the F1 spotlight has helped elevate the brand’s visibility on a global scale.
These deals likely bring in hundreds of thousands—if not millions—in additional income annually, even if the exact amounts haven’t been made public.
Business Ventures and Merch
Oscar isn’t just showing up to race and heading home—he’s building a brand.
His official online store at shop.oscarpiastri.com offers a growing collection of merch. You’ll find caps, hoodies, t-shirts, and even miniature racing helmets—all branded with his name, number, and sleek graphics that match his McLaren color palette.
As Piastri’s fanbase continues to grow, this store is expected to become a solid revenue stream. For a young driver who’s already racking up podiums, selling high-quality merch is a natural extension of his popularity.
Cars and Property: How Does Piastri Spend His Money?
Cars
It’s no surprise that a Formula 1 driver has a thing for cars—but Piastri keeps his collection fairly low-key compared to others on the grid.
He’s been spotted driving a McLaren 720S, which makes sense given his current employer. The car is a high-performance beast with a 4.0-liter twin-turbo V8 and a top speed north of 210 mph. It’s also one of the most beautiful supercars on the road today—and a favorite among F1 drivers. He also has a McLaren Artura company car.
While Piastri hasn’t publicly shared many details about other vehicles in his garage, it’s safe to assume that he’s building a collection as his career (and paycheck) grows.
Property
Oscar Piastri currently lives in Monaco, the unofficial capital of Formula 1 drivers. Like most of the grid, he moved there not just for the views and coastal lifestyle, but also for the tax benefits and proximity to European circuits.
Exact details of his residence aren’t public, but considering his rising income and lifestyle, it’s likely he owns a luxury apartment or penthouse in Monte Carlo. Properties in the area can range from a few million to tens of millions of dollars, depending on size and location.
And with long-term plans in F1, there’s a good chance more property investments are in his future.
Still Early Days
Compared to drivers like Lewis Hamilton or Charles Leclerc, Oscar Piastri’s current net worth might seem modest. But what you’re seeing is just the start.
He’s already got a top-tier contract with McLaren, high-value brand deals, and a growing fanbase. With multiple podiums and race wins already under his belt, his stock is rising fast—on and off the track.
And with his contract extended through at least 2026, McLaren has made it clear: they’re betting big on Piastri’s potential.
That bet? Looking smarter every weekend.
