Oscar Piastri Salary: McLaren Contract, Net Worth, and Endorsement Deals

• Oscar Piastri earns an estimated $20 million base salary from McLaren in 2026, with performance bonuses worth up to $10 million that bring his total annual package to approximately $30 million.
• He signed a multi-year contract extension in March 2025 that runs through at least the end of 2028, securing a 10x increase in base pay compared to his $2 million debut salary in 2023.
• Piastri’s total 2025 earnings of roughly $38 million placed him 96th on the Sportico list of the world’s highest-paid athletes, making him one of four F1 drivers on the ranking.

Oscar Piastri Salary at McLaren

Oscar Piastri’s salary from McLaren is approximately $20 million per year in base pay from the 2026 season onwards, with performance bonuses of up to $10 million on top. His contract includes accumulator clauses that add bonuses for each Grand Prix victory, Drivers’ Championship results, and Constructors’ Championship outcomes. At maximum, his total annual earnings from McLaren can reach $30 million.

That figure represents an extraordinary rise from where he started. Piastri’s base salary for his debut season in 2023 was roughly $2 million. By 2024, after winning his first two Grands Prix in Hungary and Azerbaijan, his pay had risen to around $6 million with performance bonuses pushing total compensation to between $16 million and $22 million. The new extension signed in March 2025 brought the step change, lifting his base to $20 million and reflecting his status as one of the fastest drivers on the grid.

From the Alpine Dispute to McLaren

Piastri’s path to McLaren was anything but straightforward. After winning the Formula 3 Championship in 2020 and the Formula 2 Championship in 2021, both as a rookie with Prema, he spent 2022 as Alpine’s reserve driver without racing. When Fernando Alonso left Alpine for Aston Martin in August 2022, Alpine announced that Piastri would take the seat for 2023.

Piastri had not agreed to any such deal. Less than two hours after Alpine’s press release, he posted on social media that the announcement was “wrong” and that he would not be driving for Alpine. The Contract Recognition Board ruled unanimously in McLaren’s favour, confirming that Piastri had a valid agreement with the Woking team. Alpine was ordered to pay over $600,000 in legal costs. The dispute became the most high-profile contract battle in recent F1 history and set up the partnership that has turned Piastri into a race winner.

How Piastri Compares to Lando Norris

The gap between Piastri’s salary and that of the highest earners in Formula 1 remains significant. Teammate Lando Norris, the reigning 2025 World Champion, earns a base salary of around $30 million from McLaren with performance bonuses that can take his total package above $57 million. Piastri’s $30 million ceiling is roughly half of what Norris can earn at maximum.

That ratio reflects where each driver sits in their career arc rather than a judgment on ability. Norris signed his extension as a proven race winner with years of McLaren experience behind him. Piastri’s deal was negotiated on the back of two seasons, nine victories, and a championship challenge that went down to the final races. If the 2026 season continues on its current trajectory, with Piastri leading the standings at the time of writing, the next contract conversation will look very different.

How Piastri Compares to the Wider Grid

Among all F1 drivers, Piastri’s base salary of $20 million places him in the middle tier for 2026. Max Verstappen leads at $65 to $70 million, followed by Lewis Hamilton at $60 to $70 million. Charles Leclerc and George Russell earn around $34 million each. Norris sits at $30 million. Piastri’s base matches Fernando Alonso’s Aston Martin salary but his bonus structure gives him a higher ceiling.

At 25 years old with a trajectory that includes multiple pole positions, podiums, and race wins, his earning power is expected to grow rapidly in the coming years.

Oscar Piastri Net Worth and Off-Track Earnings

Oscar Piastri’s net worth is estimated at between $12 million and $20 million as of early 2026. Some sources place the figure as high as $50 million, though the lower range is more consistent with his career earnings timeline. Piastri only began receiving significant F1 salary from 2024, and his junior career was largely funded by his father Chris Piastri’s automotive software company, HP Tuners, which invested up to A$6.5 million in Oscar’s development through karting and the European junior formulae.

Sponsorship and Endorsement Deals

Piastri’s personal endorsement portfolio is still growing but already includes several notable brands. Quad Lock, the Australian phone mount company, signed him as a national ambassador and global motorsport face in a deal estimated at $1 to $2 million per year. Monster Energy has him as part of McLaren’s team-level sponsorship arrangement, with branding on his helmet, race suit, and caps. Grill’d Healthy Burgers, another Australian brand, launched a limited-edition “Piastri burger” collaboration in February 2025.

Other confirmed partnerships include Bell Helmets (safety equipment), FAI Aviation (brand ambassador from September 2024), and Reiss (fashion, from February 2025). His total endorsement income is estimated at $3 to $6 million per year, a figure that will almost certainly grow as his on-track results continue to attract attention from global brands.

Forbes and Global Athlete Rankings

Piastri appeared on the Sportico list of the world’s highest-paid athletes for the first time in January 2026, ranked 96th globally with total 2025 earnings of approximately $38 million ($35 million in salary and bonuses, $3 million in endorsements). He joined Max Verstappen, Lewis Hamilton, and Lando Norris as one of four Formula 1 drivers on the list, doubling the sport’s previous representation from two to four.

F1 Career Results So Far

Piastri’s on-track record has justified every pay rise. His 2023 rookie season with McLaren produced 97 points, ninth in the championship, two podiums, and a Sprint Race win in Qatar. In 2024, he won two Grands Prix in Hungary and Azerbaijan, collected eight podiums, scored 292 points, and finished fourth in the standings while helping McLaren win the Constructors’ Championship for the first time in 26 years.

The 2025 season was a breakout year. Seven race wins, 16 podiums, six pole positions, and 410 points earned him third in the Drivers’ Championship behind Norris. He led the standings for large stretches of the season before his teammate pulled clear in the closing races.

Oscar Piastri FAQs

Sources

• Oscar Piastri signs McLaren contract extension, Sky Sports
• Oscar Piastri extends McLaren deal, ESPN
• World’s Highest-Paid Athletes 2026, Sportico
• Oscar Piastri, Wikipedia