The sports business website has ranked Red Bull driver Verstappen at No 4 behind Paris Saint-Germain striker Kylian Mbappe, tennis superstar Naomi Osaka and NFL player Josh Allen.

The full list:

10. Jayson Tatum (basketball) - £20.4 salary, £4m endorsements = £24.4m total

 

9. Donovan Mitchell (basketball) - £20.6m salary, £5.6m endorsements = £26.2m total

 

8. Trevor Lawrence (NFL) - £20m salary, £6.5m endorsements = £26.5m total

 

7. Devin Booker (basketball) - £23m salary, £5.6m endorsements = £20.8m total

 

6. Jake Paul (boxing) - £24m salary, £5.6m endorsements = £29.6m total

 

5. Marshon Lattimore (NFL) - £33m salary, £80,000 endorsements = £33.8m total

 

4. Max Verstappen (F1) - £31.4m salary, £3.2m endorsements = £34.6m total

 

3. Kylian Mbappe (football) - £25.6m salary, £13.7m endorsements = £39.3m total

 

2. Naomi Osaka (tennis) - £97,000 salary, £42m endorsements = £42.1m total

 

1. Josh Allen (NFL) - £50.3m salary, £3.2m endorsements = £53.5m total

Sportico have reported Verstappen’s annual salary at $39 million (£31.4m) whereas The Guardian had previously reported that the F1 world champion’s new deal, which runs until 2028, was worth £40m per year.

Verstappen now sits alongside rival Lewis Hamilton, who is 13 years older at 37, as the best-paid driver in F1.

Hamilton recently dropped out of Forbes list of the top 10 highest-earning sportspeople in the world. He had been included twice previously and, last year, was ranked at eighth.

Verstappen’s total income is estimated by Sportico at £19m less than NFL star Allen in the list of the world’s top earning athletes under the age of 25.

F1 has a host of other well-paid young guns below the age of 25 whose futures are bright.

Lando Norris, 22, is pocketing an estimated £20m per year and is impressing for McLaren.

Charles Leclerc, 24, is competing to claim his first F1 world title while earning £9.8m from Ferrari.

Aston Martin’s Lance Stroll, 23, is getting £8.1m while Mercedes’ George Russell, 24, and Alpine’s Esteban Ocon, 25, each earn £4.1m.

Guanyu Zhou, 22, of Alfa Romeo and Mick Schumacher, 22, of Haas both pocket £816,000 per season.

Yuki Tsunoda, 22, of Alpha Tauri is the lowest-paid driver on the grid. He earns £615,000 per year.