Formula One's 12 teams shared US$658 million in prize money in 2010, an increase of 21% over the previous year. The figures are revealed in the accounts of Formula One Administration Ltd (FOA).
Meanwhile overall turnover for FOA Ltd was up $19m on the previous year to US$1082 million, largely as a result of the addition of Korea and Canada to the calendar, which helped to offset other economic factors.
At the same time the top executive in Formula One, believed to be Bernie Ecclestone, rose 21% to almost US$8 million.
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