Jose Sanchez
Research expert covering society, economy, & politics for Latin America
Formula One - statistics & facts
Formula One holds pole position in the world of motorsports, its status built on iconic manufacturers like Ferrari and elite circuits around the world – from Albert Park to Zandvoort. It is a highly lucrative sport, with the revenue of the Formula One Group amounting to more than 3.6 billion U.S. dollars in 2024. A significant share of this sum goes towards teams: in 2024, the prize money awarded to F1 teams totaled over 1.1 billion U.S. dollars. Meanwhile, the participants themselves are also well compensated, with the highest-earning F1 drivers earning over 50 million U.S. dollars per year.
Who are the best F1 drivers of all time?
Formula One has certainly had its fair share of stars across the years, with the best drivers breaking numerous records behind the wheel. Many individual records are held by Lewis Hamilton, who shares the honor of being the driver with the most World Championship titles with Michael Schumacher. Hamilton is also the driver with the most Grand Prix wins, while Schumacher holds the record for being the driver with the highest number of fastest laps.Who are the best F1 teams?
While there are many iconic Formula One teams, one constructor stands out in terms of all-time records. Ferrari, represented for many years by Michael Schumacher, is the constructor with the most World Championship titles, as well as the constructor with the most Championship points. However, other teams have had success in recent years, with McLaren becoming champions for the ninth time in 2024. Having made a bright start to the 2025 season, there is every reason to believe McLaren's tenth title is not far off.
