Oscar Piastri Net Worth

What Is Oscar Piastri's Net Worth and Salary?

Oscar Piastri is an Australian racing driver who has a net worth of $50 million. Oscar Piastri has rapidly emerged as one of the most complete and naturally gifted drivers of Formula One's modern era. After dominating the junior categories with consecutive championships in Formula Renault Eurocup, FIA Formula 3, and Formula 2, he entered Formula One with expectations rarely seen for a rookie. His combination of calm precision, analytical racecraft, and late-race composure earned him immediate comparisons to the sport's elite, and his early results at McLaren signaled that he was capable of delivering on that hype. Across his seasons with the team, Piastri developed a reputation for extracting maximum performance from the car in qualifying and executing clean, strategic races that minimized errors and maximized opportunities.

As McLaren rose from midfield contender to front-running force, Piastri became a central figure in one of the closest multi-driver championship battles of the era. His progression from rookie standout to consistent podium challenger showcased a maturity beyond his experience, and his ability to pressure established champions reinforced his place among Formula One's elite talents. The 2025 season marked a defining chapter in his career, with Piastri playing a decisive role in McLaren's push for both the drivers' and constructors' titles. He executed bold overtakes, managed complex tire strategies, and consistently applied pressure on Max Verstappen and teammate Lando Norris throughout the year.

In the Abu Dhabi finale, Piastri delivered one of his strongest drives, sweeping around Norris on the opening lap and briefly leading the race before splitting strategies with Verstappen. His late charge on fresh mediums underscored his speed and composure under championship pressure. While he ultimately finished third in the drivers' standings, Piastri's 2025 campaign cemented him as a genuine title-caliber driver whose ceiling remains extraordinarily high.

Salary and Contracts

Oscar Piastri's initial contract with McLaren, signed in 2022, paid him a relatively modest base salary of $775,000 per year—especially modest compared to teammate Lando Norris, who was reportedly earning around $30 million annually at the time. However, that pay gap has narrowed significantly. In 2024, following a series of strong performances and McLaren's improved standing in the constructors' championship, Piastri signed a lucrative contract extension that runs through the end of the 2028 season. Under the new deal, his annual compensation is believed to be in the range of $20–26 million, including bonuses and incentives. This makes him one of the highest-paid drivers in Formula One

Early Life

Oscar Piastri was born Oscar Jack Piastri on April 6, 2001, in Melbourne, Victoria, Australia. His parents came to Australia from Italy. Oscar raced remote control cars as a child, and by the time he turned 9, he had won the second-class world championship. After meeting someone who owned a go-kart, Piastri soon got one of his own. His karting career began in 2011, and in 2014, he competed in several races and championships in Australia as a professional. In 2015, Oscar started competing in European championships with Ricky Flynn Motorsport. The following year, Piastri moved to the U.K., and he finished in sixth place at the 2016 World Championship. Oscar attended Haileybury College in Melbourne, Australia, before transferring to Haileybury's campus in Hertford, U.K. in 2016.

(Photo by Clive Rose/Getty Images)

Career

Oscar Piastri's competitive career began in karting in Australia, where he quickly progressed from national events to international championships. By 2016, he moved to Europe to compete at the highest karting levels, finishing sixth in the CIK-FIA World Championship and attracting the attention of junior formula teams. Piastri entered single-seaters in 2016, racing in the Formula 4 UAE Championship, where he earned multiple podiums. A year later, he joined the British F4 Championship with TRS Arden and finished as runner-up, solidifying his reputation as a rising prospect.

Piastri stepped up to Formula Renault Eurocup in 2018 and won the championship in 2019 with R-ace GP, establishing himself as one of the most promising young drivers in Europe. He advanced to FIA Formula 3 in 2020 with Prema Racing and won the championship as a rookie, repeating the feat in Formula 2 in 2021. With those victories, Piastri became the first driver to win Formula Renault Eurocup, FIA F3, and F2 in three consecutive seasons, joining a short list of junior champions who graduated with dominant form.

After joining the Renault (later Alpine) Academy, Piastri was named Alpine's reserve driver for 2022. A contract dispute with Alpine ended with the FIA Contract Recognition Board ruling that Piastri had a valid agreement to join McLaren, setting the stage for one of the most anticipated rookie seasons in years. He debuted with McLaren in 2023 and delivered strong performances, including fourth at the British Grand Prix, showcasing speed and composure rarely seen in a first-year driver.

As McLaren returned to front-running competitiveness, Piastri became a consistent challenger for podiums. He excelled in qualifying, showed strong tire management, and demonstrated an ability to adapt quickly to changing race conditions. His driving style complemented teammate Lando Norris, turning McLaren into one of the most strategically effective lineups on the grid.

The 2025 season marked Piastri's arrival as a true championship-caliber contender. He executed bold overtakes, often matched Verstappen and Norris for pace, and delivered multiple podiums throughout the year. His performance in the Abu Dhabi finale encapsulated his progress: an audacious opening-lap move on Norris, a long first stint that kept Red Bull's strategy in check, and a late surge on fresh mediums as he attempted to chase down Verstappen. Piastri ultimately finished second in the race and third in the championship, but his consistency and racecraft throughout the season were instrumental in securing McLaren's constructors' title.

Piastri's blend of intelligence, adaptability, and precision has made him one of the most respected young drivers in Formula One, and his rise through the sport remains one of the most rapid and compelling of his generation.

Personal Life

According to Oscar's official website, his hobbies are wakeboarding, cricket, and basketball. He enjoys bingeing shows on Netflix and stated, "I'm all or nothing though so if I get watching something, I will be there for hours until I've watched the whole series."

Awards

For the 2020–21 season, Piastri was named "Autosport" Rookie of the Year. In 2021, he won the Anthoine Hubert Award and was named FIA Rookie of the Year.

Who's Richer?

Oscar
Piastri

Compare!

Lando
Norris