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Lewis Hamilton hits gold with $10bn jackpot but British star snubs Monaco move: F1 News Recap

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Recapping the biggest F1 stories on Wednesday August 5.

For Lewis Hamilton, just about everything he touches turns to gold, and the seven-time F1 world champion is proving it once again.

The 41-year-old British megastar is not only one of greatest drivers in the sport’s history, he has also been wildly successful from a commercial perspective. Just like his billionaire girlfriend Kim Kardashian.

Hamilton earns a reported $60million annual salary with Ferrari, but that is just part of the success story. He also owns a string of high-end properties and investments, and one of those – made just four years ago – is already paying off in a huge way.

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Monaco is an F1 tax haven and the ‘ultimate symbol of wealth’ but one British star still refuses to live there

At least 13 of the current 22 drivers who are lucky enough to hold a full-time seat on the Formula 1 grid live or own property in Monaco.

As well as being the host destination for the Monaco Grand Prix (the jewel in the motorsport crown) the principality also represents a level of opulence most of us will only ever dream of.

But one British star remains unconvinced.

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F1 champion reveals what went through his mind during horror crash that almost took his life

Two-time F1 world champion Mika Hakkinen has opened up on the horror crash which left him with life-threatening injuries.

The flying Finn is a two-time world champion of the sport, claiming his championship victories in 1998 and 1999 with the McLaren team and outpointing the great Michael Schumacher in the process.

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Mika Hakkinen almost died after a horrific crash in Australia.
Mika Hakkinen almost died after a horrific crash in Australia.

David Coulthard takes aim at ‘sensitive’ FIA in scathing attack on 2026 F1 regulations

Former F1 star David Coulthard has suggested that the FIA have been reactive rather than proactive when it has come to the 2026 regulations.

At the start of this year, wholesale regulation changes swept into the sport, both on the power unit side of things, and when it came to the F1 car chassis.

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FIA announce update to F1 race start times for rest of 2026 season

An updated F1 2026 calendar has now been released showing all of the session start times, after the adding to the schedule of another race weekend.

Two grand prix weekends were cancelled in April due to the conflict in the Middle East, with both Bahrain and Saudi Arabia falling off the schedule.

That left the 2026 season as a 22-race season, with doubt over the Qatar and Abu Dhabi Grands Prix at the end of the season still in place due to the ongoing situation in the Middle East. But now there is better news, and concrete updates.

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F1 star faces calendar nightmare after qualifying for race that clashes with Singapore GP

Cadillac F1 star Valtteri Bottas has excelled in another sport, qualifying for the world championships, but those clash with the upcoming Singapore Grand Prix weekend.

The 2026 F1 season is around halfway done, but the second half of the season looks to be a little cramped, with the Bahrain Grand Prix in Malaysia being slotted in to create an autumn triple header to make up for the cancelled Bahrain GP earlier this year.

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F1 insider claims plan to take cars electric aged badly, but there is a fix

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When former F1 team principal Guenther Steiner sat down to watch the season-opening 2026 Australian Grand Prix, he could not quite believe what he was watching.

While some newer fans loved the yo-yo overtaking at Albert Park, hardcore observers were shocked by the immediate visual impact of the sport’s controversial new regulations.

The move to make cars a 50-50 balance between ICE (Internal Combustion Engine) and electrical power came with howls of derision with drivers forced to lift and coast in qualifying and the dreaded ‘super-clipping’ becoming a regularly used phrase.

Four-time world champion Max Verstappen was particularly withering in his criticism, describing it as ‘Formula E on steroids’.

F1 HEADLINES: Leclerc fires warning as fans go wild for Lewis Hamilton and Kim Kardashian

How did F1 allow this to happen?

Steiner spoke about that shocking moment on the Up To Speed podcast, and asked the simple question: How did F1 allow this to happen?

He revealed: “I was surprised in Australia – because you know how well F1 normally prepares themselves – when I say Australia it was like ‘wow, I didn’t expect this’.

“This is all possible to simulate what is happening – not 100 percent but 95 percent. But to start up like that I was surprised. They got immediately for Miami but why we didn’t start off on a level like Miami, that’s what surprised me.

Max Verstappen is an outspoken critic of the regulations.
Max Verstappen is an outspoken critic of the regulations.

“Because it wasn’t difficult to do, it’s just fine-tuning some stuff. Formula 1 is good in adapting, they see this is not perfect, they need to adjust it and I think it’s the right way to go.”

Timing crucial when analysing 2026 regs

They say timing is everything in life and Steiner believes it has much to do with why these new regulations (announced in 2022, ratified in 2024) were implemented. Put simply, what we know we did not know then.

He continued: “You always have to think back to when these regulations were invented, we all thought the future of the car is electric, and that didn’t happen. I think the future of electric will happen, but not as we maybe expected five years ago to take over 100 percent. There will be a choice of technologies.”

Steiner does believe F1 will adapt and get to a better place, and outlined how and why that might happen.

“So maybe the next rules will be different with sustainable fuels – why do we bother too much about electricity if we can have sustainable fuel, which is net zero anyway.

“Five years ago, when these rules were decided, we didn’t know what we know now. I think now the next decision will be based on our knowledge now.

“The good thing with Formula 1, it always adapts and finds solutions. There is money, there is bright people – when you’ve got two things like this, it’s easy to get out of a hole.”

READ MORE: Aston Martin dark web data uncovers ‘real numbers’ about Adrian Newey upgrades

READ MORE: Lewis Hamilton and the shock Red Bull move which leaves F1 with regrets

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F1 star calls boss Flavio Briatore an

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Young Alpine star Franco Colapinto has given a full-throated defence of controversial team executive Flavio Briatore.

The flamboyant Italian is famously hyper-competitive, with a ruthless streak a mile wide, but Colapinto insisted in a recent interview that teams like Alpine ‘need’ a figure like Briatore if they’re to compete with the big boys.

The 23-year-old told Motorsport.com a story from earlier in the season at the Canadian Grand Prix to demonstrate Briatore’s relentless drive for more, revealing that the team’s ‘executive advisor’ [translation: team principal in all but name] was ‘not happy at all’ after the team picked up a good points haul for finishing sixth and eighth.

Colapinto went on to say that Briatore’s style of putting pressure on his team even when things are going well is ‘a way of succeeding in F1’, adding that he believes he has a similar mentality to the ‘competitive animal’ running his team.

READ MORE: Lewis Hamilton gets title boost with Mercedes stars set for penalties

Alpine star: You need a Flavio to catch Ferrari and Mercedes

“I believe in his process,” the Argentine said. “You have to understand him. But I think to succeed in F1 and to achieve the goal that every midfield team has – to catch Ferrari, Red Bull, Mercedes and McLaren – you need someone like Flavio.”

He continued: “We finished P6 and P8 in Canada, those were amazing points for the team, but after the race Flavio was not happy at all and kept pushing the team. He was almost the most unhappy person within the whole team.

“That was because of how far off Ferrari we were compared to Miami. He wanted to understand why that was. Everyone was really happy with the points, but he was like, no no, I want more. I don’t like where we are and Racing Bulls is too close to us as well. They are closer than they were in Miami, so why is that happening? I want answers and I want to improve more.”

“To put that pressure on the team, even when things go right, it’s his way of leading the team. And in my personal view, it’s a way of succeeding in F1 and catching the top teams.

“Flavio is a competitive animal. He only came back to Formula 1 to win and I really appreciate that because I’m the same.”

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F1 champion Lando Norris reveals his two favourite racing series:

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Reigning F1 champion Lando Norris has opened up on his favourite racing series, admitting that he wants to try one of them out.

Norris was out in the US at Indianapolis Motor Speedway (home of the Indy 500) recently, playing some golf and visiting the track’s museum while also filming a short interview with his McLaren team.

The Brit went into detail on which racing series he most enjoys watching as a fan – of course, he hasn’t watched F1 as a fan since 2018, he’s been too busy driving in it – in the video titled ‘Life Away From F1‘.

Norris namechecked MotoGP (Liberty Media, who own the motorbike series as well as F1, will be delighted) and rallying as his big two to watch as a fan, but admitted that if there’s wheels and a motor involved, he’s usually on board.

READ MORE: Lewis Hamilton gets title boost with Mercedes stars set for penalties

Norris: I loved MotoGP before F1

He explained: “As a sporting fan, the series I enjoy watching the most is MotoGP. I’ve loved motorbikes and MotoGP since I was a kid, like I loved MotoGP before I ever even watched Formula 1. So deep down I kind of always have that love for motorbikes.

“But honestly, as a racing fan, I enjoy everything. Whether it’s the Endurance series, whether it’s the GTs, Le Mans, Indy, Formula E, I generally watch every series every single weekend. 

“Rally! Actually, rally is one of the things I want to do the most, and I really, really love. Mr Solberg’s over there doing his thing. 

“So yeah, I like to watch rally probably the most, in a way, because I’m most new to that world. So MotoGP and rally are my two favourite things at the minute.”

F1 HEADLINES: Christian Horner’s wild prediction hits as Red Bull get Lambiase replacement

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