Red Bull, the champions of Formula 1 Constructors, took first place in prize money winnings for the 2023 campaign,
taking home an estimated $140 million.
Formula One (F1) encompasses various aspects such as sport, entertainment, and commerce, with frequent overlaps
that impact series decisions.
Due to Red Bull’s dominance this season, the Milton Keynes-based company is shockingly leading the way with an
estimated $140 million in prize money profits.
This is especially true for the prize money distribution, as teams get awards based on their placement in the
Constructors’ rankings.
Although the official numbers aren’t made public, Motorsport.com’s predictions based on a $1 billion prize fund
provide an idea of what each team may potentially win.
Red Bull’s projected earnings see the team virtually recoup the entire cost cap spending for 2023, which stood at
$135 million for the season. Red Bull finished with 860 points, more than twice the points of second in the
Constructors’ Standings (Mercedes finished with 409 points).
On the last day of the 2023 season in Abu Dhabi, Mercedes secured the second position in the standings, awarding
the Brackley team with a prize money estimated at $131 million.
Ferrari, on the other hand, only took home an estimated $122 million portion of the prize when Mercedes edged
them by three points.
There is one advantage the Scuderia has over Mercedes. The present F1 regulations allow for a sliding scale in wind-
tunnel testing, meaning that teams placing lower in the order are given more time to grow in the wind-tunnel than
the teams finishing above them. This means that the Italian squad’s financial loss is actually their development gain.
This helps Ferrari partially ease its disappointment as it gives the Italian manufacturer a small advantage over
Mercedes in wind tunnel testing (an estimated 7%).
It has been nothing short of amazing to watch McLaren’s incredible ascent from pitted, last-place strugglers on the
outside of the points to legitimate podium challengers throughout 2023.
Due to their remarkable rate of progress, the Woking-based entry has won an estimated $113 million in prize money.
After heading in the wrong way during winter testing, McLaren’s pace was nonexistent at the beginning of the year as
it awaited a freshly designed car.
Mercedes was once again unable to extract performance from their “zeropod” concept, which was carried over from
the W13, while Ferrari stormed out to a lead in reliability difficulties from the outset.
Due to the difficulties faced by those few teams, Aston Martin began the year as Red Bull’s closest rival, with the
revived Fernando Alonso taking home many podiums.
But a number of things contributed to the Silverstone-based team’s decline to fifth place in the Constructors’
Championship.
Upgrade errors, trailing competitors in the development race, and Lance Stroll’s incapacity to score points in the
same way as his extremely skilled colleague meant
Alpine was ranked second in the standings; the Anglo-French team had a turbulent 2023 season both on and off the
track.
Alpine, which placed fourth in the previous season’s standings, set out to catch up to the top three teams, Red Bull,
Mercedes, and Ferrari.
But Alpine fell behind in the rankings as a result of Aston Martin’s advancement and McLaren’s mid-season growth.
This resulted in a number of senior management changes prior to the summer break, and a number of intra-team
conflicts also caused problems.
Alpine, who finished sixth in the standings, is thought to have won $95 million in prizes.
Williams made development in 2023 while being managed by James Vowles, the new Team Principal, who took over
With an in-form Alex Albon leading the way in the driver’s seat, the Grove-based team delivered another uneven car,
but Williams made the most of its possibilities, finishing seventh in the Constructors’ standings with 28 points and a
$87 million prize.
Over the course of the 2023 season, AlphaTauri used four drivers as they battled with what was maybe the least
competitive machine at the beginning of the year.
But as the team started to fortify its technological alliance with sister team Red Bull, a number of improvements led
to a minor improvement at year’s end.
The Faenza team lost out on an estimated $9 million in prize money as a result of AlphaTauri’s three-point loss
against Williams, despite having received $78 million.
With an anticipated $69 million in prize money, the Hinwil-based team will rebrand as Sauber in 2024 as it prepares
for a complete Audi acquisition in 2026.
Despite launching a B-spec vehicle in the US that was modeled after the Red Bull, Haas managed to eliminate tire
deterioration, the team’s season-long weakness.
Haas’s troubles led to a total of 12 points, four fewer than Alfa Romeo (16), which was in ninth place, with the team
finishing last in the Constructions’ table.
Due to its dismal performance in 2023, the American team—which is among the paddock’s lesser-funded teams—
received the smallest amount of prize money, estimated at $60 million.
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