The world's top Formula One drivers earn a simply staggering amount of money each year!

The 2016 wages for all drivers have been revealed, with Ferrari's Sebastion Vettel the highest paid driver with a record three year deal worth $US150 million.

Full 2016 Fomrula One driver salaries (all salaries in $US):

(source: totalsportek.com)

DRIVER YEARLY SALARY CONTRACT
Sebastian Vettel (Ferrari) $50 million (£33.4m) guaranteed in first year, Basic $30m a year plus bonuses afterwards 3 Years Deal (2015-17)
Fernando Alonso (McLaren) Max $40 million a year including all bonuses 2 Year Deal (2015-17)
Lewis Hamilton (Mercedez) $31 million a year (£20.9m) basic salary plus performance bonuses upto $10m a year new 3 year deal
Kimi Raikonen (Ferrari) Took a big pay-cut with guaranteed $7 million plus performance bonuses of max $10 million Signed 1 year extension for 2016
Nico Rosberg (Mercedez) Combined $55 million (£43m) across the three years 3 Year Deal (2015-17)
Janson Button (McLaren) $11.6 million a year (£8m a year) Signed 1 year extension for 2016
Felipe Massa (Williams) $4.45 million a year (£3m) 1 year extension for 2016
Nico Hulkenberg (Force India) $4 million a year (£2.75m) Signs 2 year extension till 2017
Daniel Ricciardo (Red Bull) Re-negotiated financial terms with improved $5.5 million a year (£3.7m) guaranteed salary plus bonuses Reportedly 2016 is last year on current contract
Sergio Perez (Force India) $3.2 million a year (£2.2m) multi-year deal
Romain Grosjean (HAAS F1) Signed one year deal with HAAS F1 worth $3.2 million a year (£2.2m) Signs 1 Year Deal with Haas F1
Pastor Maldonado (Renault) $3.2 million a year (£2.2m) Signs 1 year deal with Renault for 2016 season
Valtteri Bottas (Williams) Signs 1 year extension tripling his yearly salary to $3.3 million (£2.27m) a year New 1 year deal to keep him at Williams For 2016
Daniil Kvyat (Red Bull) earns $750k a year but hopeful for a new deal before 2016 season unspecified period
Max Verstappen (Toro Rosso) Has a multi-year contract with Red Bull spent 2015 on loan at Torro Rosso earning $512k a year Multi-year contract with Red Bull (loaned to torro rosso)
Carlos Sainz (Toro Rosso) $370k a year
Marcus Ericsson (Sauber) $185k a year
Felipe Nasr  (Sauber) $185k a year