How Much Does Logan Sargeant Make at Williams?

The 2023 season saw The United States make its presence in the sport known once again, with the signing of Logan Sargeant. The Florida native signed a contract with the iconic Williams F1 team before the start of the season and has since been settling in at the team. He had an impressive start to the season, coming close to points occasionally. But as the season has unfolded, things have gotten difficult for the rookie.

He was one of the top talents in the Junior Formula series. But he has had 6 retirements in his first F1 season so far, two coming consecutively, one in Japan, followed by Qatar. The rookie may have already caused more damage than his year’s salary!

Logan Sargeant’s Williams contract and Salary for the 2023 season

Williams accelerated Logan Sargeant’s introduction into Formula 1 with not much testing. They provided him with a one-year contract. However, the American may have failed to convince Williams, as a contract extension is still unconfirmed. According to reports by AS.com, his current contract with Williams pays him a base salary of $1 million. This may seem insignificant in comparison to his teammate Alex Albon, who reportedly earns $3 million per year. However, when compared to fellow rookie Oscar Piastri, who has had a fantastic season with McLaren and earns $2 million, it may be realistic.

Sargeant’s contract with Williams may have already cost them much more, given he has done a lot of damage to the car this season. Because of how advanced Formula 1 cars may be, they are extremely expensive to produce. With a front wing replacement costing up to $125,000, his crashes have undoubtedly cost more to fix than his regular wage.

Logan Sargeant, on the other hand, is no stranger to money. The American has not revealed much about his personal life. However, his sponsors and connections have undoubtedly improved the American’s chances of contract renewal. The American brings with him substantial financial backing, which has helped prominent businesses in a variety of endeavors.

READ MORE: Struggling Logan Sargeant Boldly Compares Himself to Lewis Hamilton, Pleading to Extend F1 Career

Logan Sargeant’s billionaire connections and sponsors

Sargeant’s father may not be a billionaire, but his uncle certainly is! Harry Sargeant III is a seasoned fighter pilot who has dabbled in oil trade, refineries, and airlines! He also serves on the board of the International Oil Trading Company, which supplied fuel to the US military in Iraq. The billionaire has also taken on ventures in alternative energy development and asphalt shipping, as he controls one of the world’s largest tarmac shipping fleets.

While Sargeant’s uncle is a wealthy billionaire, he has also received support from Ibotta, a digital rewards business. They announced their collaboration with Sargeant earlier this year, and the Ibotta emblem is now etched on the American’s helmet. According to Ibotta, Sargeant expressed his feelings about the partnership, saying, “I feel incredibly lucky to have ascended to this point in my racing career. To have a respected brand like Ibotta support me in this new chapter is truly rewarding. I am honored to have a company with such a clear purpose and a commitment to giving back as my first-ever personal sponsor.”

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One thing is clear, billionaire funding or not. After a successful season in F2, Logan Sargeant has what it takes to make it in F1. It may have taken the rookie some time to adjust to the pinnacle of motorsport, but the arrival of his first personal sponsorship demonstrates that he has what it takes to make it in the sport on his own! While the 2023 season was difficult for Sargeant, the 2024 season will undoubtedly be his ‘make or break’ moment!