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SBD Global/October 31, 2013/Franchises

Red Bull To Pay Title-Winning Vettel Bonus Of $6.9M, Employees To Get $16,500 Each

Red Bull driver Sebastian Vettel celebrates his fourth consecutive F1 title with his team.
Red Bull driver Sebastian Vettel "will receive a proper bonus payment from his employer after winning his fourth consecutive F1 world championship," according to the SID. Red Bull "reportedly will pay Vettel a title bonus" of around €5M ($6.9M). In addition, Red Bull, which also won the F1 constructors' title, "will pay each of its about 650 employees a bonus" of around €12,000 ($16,500). However, despite all his success, Vettel "is not F1's top earner." Vettel said that he "does not care a lot about money and forgoes numerous commercial deals in order to have more free time." Vettel: "Money is only a means to an end, nothing more. I don't need a yacht, I'd rather swim." The 26-year-old German earns an estimated €22M ($30.2M) annually. In comparison, Ferrari driver Fernando Alonso and Mercedes' Lewis Hamilton earn, including commercial deals, an estimated €33M ($45.4M) and €28M ($38.5M) per year, respectively (SID, 10/30).
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