Quite possibly the time Jos (the Toss) spent in F1 crashing into things was well spent as his down payment on surrounding himself with business people who could monetise the efforts of his progeny.Dutch/German ? At the end of the day there was a common desire on his part and ours. ” warns Helmut Marko, quoted by Germany’s AMUS.For Helmut Marko, Honda’s progress in 2019 has undoubtedly played a big part in the Dutch driver’s signing, who now knows what to expect for 2020, 2021 and possibly beyond… but perhaps still the biggest question remains Honda’s commitment.“Max [Verstappen] knows exactly what is going on at Honda. The 21-year-old also earns an unbelievable 10 times the amount than his current Red Bull teammate When you subscribe we will use the information you provide to send you these newsletters. There was a lot of hype around his entry into Formula One and rightfully justified the hype. He’s already seen the new car and he’s happy to continue in the team. Sorry, your blog cannot share posts by email. Race winner Red Bull’s Max Verstappen with second placed Mercedes’ Lewis Hamilton during the press conference after the race in Silverstone August 9, 2020. Max Verstappen was a child prodigy who was roped in by Red Bull F1 at a very young age. Under the previous contract with Red Bull Racing, the Dutchman, who has eight victories and third place as the best achievement in the championship, received 12 million euros. Quite what precisely that means is unknown, but rest assured if Honda go, then so does Verstappen. Honda admits that Verstappen is their new ‘poster boy’, and who can blame them – after all, it was the Dutchman who scored those victories, the first in over a decade for Honda.But will it be enough? “I was very worried about losing Max to Mercedes in 2021.” says MarkoAnd the deal was significant in favour of Verstappen’s wallet, the Dutchman set to earn at least 60 million euros by the end of 2023 as reported from inside sources, and could reach 40 million per year with performance bonuses.Marko doesn’t usually dip his hand into the Red Bull coffers so easily, the Red Bull brand renowned for getting lowest driver salary for a top team by employing Red Bull young drivers and promoting them internally rather than shopping from other teams.So why the big money? Tipped for a World Championship in the near future, but how much to Max Verstappen earn?The youngster has been previously branded as a talented but unpredictable driver, comments being made after the Dutchman's risky but effective approach to varying situations. Verstappen’s decision marks a major statement of intent by Red Bull, with the question no longer one of whether the young Dutchman will win an F1 world title, but when. Thanks to his new contract with Red Bull Racing Max Verstappen earns an astronomical amount of money on an annual basis and father Jos doesn't deny this in an interview. 4. Max Verstappen (Red Bull) – €16,000,000. It’s unlikely… the trend toward electric vehicles is causing a seismic shift in F1 manufacturers’ budget allowance and we’re already seeing Mercedes, Renault and Honda starting to question the validity of continuing in a totally un-relevant form of motorsport.And if Honda does leave F1, sooner than Verstappens contract, there are clauses in the Dutchmans’ contract that will allow him to leave for better pastures ahead of 2024.“Red Bull must guarantee the Dutchman a competitive engine” says Auto Bild, otherwise Verstappen is free to go. The 48-year old Dutchman states that Max is highly valued by Red Bull and that Daniel Ricciardo in any case earns less at Renault. Valtteri Bottas’ position is also highly precarious: since the Finn joined at the start of 2017, he has never had more than a one-year contract, and a return of four wins to Hamilton’s 22 in the past seasons hardly augurs well for his prospects beyond 2020.We rely on advertising to help fund our award-winning journalism.We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future.

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