Kevin Magnussen, is a professional car racer from Denmark. The 31 year old currently active and hold contract deal with Haas F1 Team in 2024. He is looking forward to compete for the drivers championship in F1 season 2024. Before becoming full time F1 driver, he competes in other racing competition such as Formula Renault 3.5 Series and Formula Renault 3.5 Series from where he rise to fame as pro driver.
| F1 Teams | Base Salary | Bonuses | Contract Years |
|---|---|---|---|
| McLaren Mercedes | $300k | – | 2014 |
| McLaren Honda | $500k | – | 2015 |
| Renault Sport F1 Team | $750k | – | 2016 |
| Haas F1 Team | $800k | – | 2017 |
| Haas F1 Team | $800k | – | 2018 |
| Haas F1 Team | $1.2m | – | 2019 |
| Haas F1 Team | $1.2m | – | 2020 |
| Haas F1 Team | $1.5m | – | 2021 |
| Haas F1 Team | $1.5m | – | 2023 |
| Haas F1 Team | $2.2m | – | 2024 |
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Kevin Magnussen net worth reported $7 million based on sponsorship deals and F1 contract base earnings from seasons 2014-2024. He is currently earning $2.2 million per year in Formula 1 with his new contract deal with Haas F1 team in 2024. He will drive alongside partner Nico Hülkenberg in F1 season 2024.
Further details regarding to Kevin Magnussen career earnings, sponsorship deals, and contract extension reported here later.