'This is the amount of money Perez will earn as Verstappen's teammate in 2021'

According to The Sun, Sergio Perez will earn more than £4 million at Red Bull Racing next season. With that, the Mexican has secured a place in the top-ten in terms of salaries in Formula 1, the British tabloid newspaper believes.

Perez's switch to the Austrian racing team has given him a pay rise of around one million pounds. At Racing Point, the 31-year-old driver was close to three million euros. However, he is nowhere near Max Verstappen's salary. The aforementioned medium reports that the ten-time Grand Prix winner is paid a fixed amount of over 18 million pounds each year (excluding bonuses).

Verstappen is the number two on the list, behind Lewis Hamilton. The seven-time world champion renewed his contract with Mercedes last week and will therefore receive £40m in his bank account in 2021. However, it can be assumed that Verstappen earns many more performance-related bonuses. Therefore, the difference in reality is much smaller.

Top-ten salaries Formula 1 2021

Charles Leclerc and Daniel Ricciardo share the third spot with salaries of over £10 million each. Perez is number nine on the list. Carlos Sainz, Sebastian Vettel, Fernando Alonso and Valtteri Bottas are also ahead of Perez. Kimi Raikkonen closes out the top-ten.