This makes him the joint-highest-paid driver in Formula One, and fans have been reacting.
The accompanying £50million-a-year salary, a rise of £10m puts him on a par with Max Verstappen as one of the two top earners in the sport.
Lewis added that his team dreams of being the best and they will keep giving their all to achieve their goal.
His words, “We have never been hungrier to win. We have learnt from every success but also every setback.
We dream every day of being the best and we have dedicated the past decade together to achieving that goal.
Being at the top does not happen overnight or over a short period of time,” Hamilton continued. “It takes commitment, hard work and dedication and it’s been an honour to earn our way into the history books with this incredible team.
We continue to chase our dreams, we continue to fight no matter the challenge and we will win again. I’m grateful to the team who have supported me both on and off the track. Our story isn’t finished, we are determined to achieve more together and we won’t stop until we do.”
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