How Much Does Kevin Magnussen Make

how much does kevin magnussen make

The fascination with how much someone makes or earns is always big in formula one. It is understandable. F1 is the most prestigious sport in the world. So, how much does Kevin Magnussen make?

If you are a fan of Magnussen, you could be interested in knowing how much salary he earns from racing.

When it comes to formula 1 racing, it does not get better than driving for the only American F1 team on the grid today.  Haas F1 team is one of the 10 teams in formula one today.

Therefore, your desire to know how much Kevin Magnussen salary earns is understandable.

Magnussen made his F1 debut in 2014, at the Australian Grand Prix. He joined McLaren for that season to replace Sergio Perez.

In 2015, he was demoted to pave way for the returning Fernando Alonso. This turned out to be a blessing, as he would move to Renault (now Alpine) where he stayed for only one year in 2016, and joined Haas F1 team from 2017.

Kevin Magnussen has enjoyed the longest and most stable stint as a Haas driver. He is still driving for them today, alongside Mick Schumacher.

That could be the reason many are interested in knowing how much Kevin Magnussen makes.

In this article, I intend to share with you details of how much Kevin Magnussen makes as a formula one driver.

You will also get a glimpse of how he spends the money he makes in F1. He is currently living in Dubai.

You might be interested in learning why F1 drivers live in Dubai. I have created an article that provides you with that information. Go here to read it.

This is a look at how much Kevin Magnussen makes, his income, salary, sponsorship, his other sources of income and his net worth.

How Much Does Kevin Magnussen Make?

Kevin Magnussen makes or earns $6 million as an F1 driver at Haas.

In a nut shell, he earns $6,000,000 per year from racing activities. This is one of his main sources of income today.

With this levels of income, Magnussen has been able to build a net worth estimated to be at $24 million today.

As you can see, Haas F1 team has provided a platform for Kevin Magnussen to be generating a gross salary of getting $6 million per year.

How Much Kevin Magnussen Makes in F1

As you are learning from this article, F1 drivers make a lot of money from their racing activities.

If you would like to learn how much money F1 drivers make, I have written an in-depth article on how much F1 drivers earn or make from their teams. You can go and read it here.

However, in this particular section, you are going to learn how much Kevin Magnussen makes in F1.


In conclusion, formula one drivers are some of the highest paid professionals. Magnussen is just but one of them.

You have the other twenty F1 drivers on the grid today who earn or make different amount of money per year.

To have a full picture of how Kevin Magnussen earns, you need to understand his streams of income.

Kevin makes money from his salary, bonuses and endorsement or sponsorship deals. He has also invested in various businesses across sectors.

At Haas F1, Kevin has signed a multi-year contract, meaning he is going to earn over a period of years.

It is estimated that Kevin Magnussen is currently worth about $24 million.

Over time, this is going to increase and will be interesting to watch how he grows his income and wealth before he retires from F1 racing.