Fernando Alonso’s salary and net worth March 2024

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Formula One drivers are known to accumulate a huge amount of wealth from their successful driving seasons. Among those drivers is Fernando Alonso, who has been in motorsport racing for a very long time and has been able to gather a pretty decent amount of wealth.

Fernando Alonso’s net worth 2024

$240.000.000

Fernando Alonso net worth is $240,000,000. He is one of the most successful drivers in Formula 1 history. That, combined with his many years on the grid, means that he has been able to build a large fortune.

Fernando Alonso is known for his impeccable driving skills in Formula One events. He has had long-term and short-term partnerships with many motorsport brands paying him hundreds of thousands of million euros. This means that Alonso is among those drivers who have a very high net worth. 

 

Fernando Alonso’s financials

Net Worth$240.000.000
Salary from Aston Martin$5.000.000
Investments

Clothing Brands
Properties

Assets

Alonso owns a  handful of properties.

As an estimate, Alonso owns a total of 300 cars. His car collection includes Lamborghini, Porsche and Ferrari. 

Fernande Alonso's salary 2024

$5.000.000

Fernando Alonso’s salary is $5,000,000 from the Formula 1 stable Aston Martin. That makes him the 10th best paid driver in F1. 

Over the course of his career, Fernando has worked with four motorsport brands for the Formula One event. He has worked with notable teams such as Mclaren, Ferrari, Renault, Minardi, and more. He has been working with Alpine for the 2022 Formula One events and will move on to Aston Martin for the 2023 season. The salaries that he received from the motorsport teams aren’t disclosed.

Table of Contents

Watch this video to understand Fernando Alonsos luxury lifestyle.

Fernando Alonso endorsements

Fernando Alonso is among the highest-paid Formula One drivers. He has been reported to receive one million dollars each year from endorsements only. He is often sponsored by his own brand, Kimoa, and can be seen wearing the brand’s shirts and sunglasses.

He was sponsored by many famous brands, such as Adidas, in the year 2017. He also had a sponsorship with B&O, which manufactured wireless headphones. In February 2020, he was appointed as the new brand ambassador for Fi Network. Apart from all this, he has also been endorsed by Richard Bells, Progressive, Bell Sports, and more throughout his career.

Key takeaways

  • Fernando Alonso is a very big name among the Formula One race drivers.
  • He has been in this field since 2001 and has acquired many titles and positions for himself and his team.
  • He has won thirty-two Grand Prix events with twenty-two pole positions and ninety-seven podiums.
  • Fernando Alonso has a net worth of $240 million.
  • He is reported to have a current salary of $20,000,000 from the team Alpine.
  • He had the fastest lap time recorded in 2017.
  • Fernando Alonso has bought and invested his money in many things, such as houses, cars, yachts, museums, and more.
  • He also has a beach-wear fashion brand named Kimoa.
  • He is believed to acquire his love for cars and racing from his father, who was an amateur kart driver himself.
Fernando Alonso salary net worth

Learn more about Fernando Alonso

Fernando Alonso is a very famous Spanish Formula One driver. From the start of his career, he has managed to mark his name on Formula One’s history. With his impeccable driving skills, he has been able to secure positions even when his car’s circumstances were not very feasible. It is unavoidable for his and Formula One fans to have an interest in his early life and biography. This is why, down below, I have discussed a few snippets from his biography and early life so that fans could learn and know Fernando Alonso much more.

Full NameFernando Alonso Diaz
NationalitySpanish
Date of Birth29th July 1981
Height171cm
Weight68kg
Salary$5m

Early life

Fernando Alonso Diaz was born on 29 July 1981 in Spain. He is the son of an amateur kart racer from whom he developed his love for cars and races. He started participating in regional and national karting championships from the young age of three and managed to win several trophies and awards. It was his constant victories and successes in karting championships that bought him sponsors and funds for the junior-level Spanish championships. He even won the junior world cup in 1996.

Fernando Alonso didn’t receive continuous education due to his racing career. He took his schooling from the Holy Guardian Angel Primary School and the Institute of Leopoldo Alas Clarin. However, he had to later drop out of the institute in 2000 as he was not able to manage his studies alongside his racing career.

Career

Fernando Alonso started his career with karting championships and won many state-level, national-level, and world-level championships. Then in 2001, he made his debut in Formula One racing from Minardi. In 2002, he switched to Renault, and it was from here that his career had a kickstart. He was promoted to the front-seat race driver in 2003 and won many positions in different Grand Prix events from 2002 to 2006.

Fernando joined Mclaren in 2007 and won his first Grand Prix for the team in Malaysia. He later went on to win two more Grand Prix events in 2007. However, he had to leave Mclaren due to some misunderstandings between him and the team. He joined Renault again in 2008 and later moved to Ferrari in 2010. He won many titles and championships during his course with Ferrari and later moved back to Mclaren in 2015.

Highlights

Fernando Alonso is a very successful race car driver who has managed to achieve almost every milestone there is in the field of race car driving. In the year 2005, he won three Grand Prix events, namely the San Marino, British, and Brazil Grand Prix.

In 2006 he broke the record for being the first driver to secure the first and second positions in the first of the nine races of the championship. In 2007, he won three victories at Malaysia, Monaco, and Nurburgring Grand Prix events.

He has also managed to record the fastest lap time in 2017, for which he received the Rookie award. He later went on to be the Rookie of the year for the Indianapolis 500.

What else does Fernando Alonso own?

Cars

Fernando Alonso owns almost half of the cars stored in his museum. Hence, it is no wonder that he must own some pretty expensive and exquisite cars in his real life too. According to reports, he owns five cars, which are:

  1. Nissan GT-R
  2. Ferrari 458 Italia
  3. McLaren P1
  4. Aprilia RS660
  5. Honda NSX

Houses

Fernando Alonso owns many properties around the world. He is very much secretive about his properties, but there have been reports of him owning several properties in different regions of the world, which are:

  1. He owns a luxury apartment for 130million euros in Dubai.
  2. He owns 2-holiday houses in Switzerland.
  3. He also owns another holiday house in Oxford.
  4. He also owns several properties in Madrid and Asturias.

Boats

According to some news and reports, Fernando Alonso owns an 18 meters long, ecological, 60 Sunreef Power Eco catamaran. This yacht is worth four million euros.

Fernando Alonso owns almost half of the cars stored in his museum. Hence, it is no wonder that he must own some pretty expensive and exquisite cars in his real life too.

Favorite quotes from Fernando Alonso

Here are some of my personal favorite quotes from Fernando Alonso:

“Every day, every year, every new season is a reset from the last, and you are still hungry for success, to do things better and better.”

“If you’re in the best team in the world, you or your teammate have to win.”

“I want to live a normal life that I never had the opportunity to do for many years.”

“Every day, every new season is a reset from the last, and you are still hungry for success to do things better and better.”

“Ferrari gives you a special feeling.”

“Even if you have a difficult season, you still believe the following year will be better and a good one.”

Frequently asked questions

How much does Fernando Alonso earn in a year?

As of 2022, Fernando Alonso has been receiving a salary of $5,000,000 from Aston Martin.

How rich is Fernando Alonso?

Fernando Alonso has a net worth of $240 million and is considered to be the third richest Formula One driver.

How is Fernando Alonso so rich?

Fernando Alonso is a very successful Formula One driver. This means that he earns a heavy sum of money from the motorsport team he has been working with, which makes him very rich.

Where did Fernando Alonso get his money?

Fernando Alonso earned his money from Formula One race driving and from being an endorsement for many brands.

Is Fernando Alonso a billionaire?

Fernando Alonso does not have a net worth of a billionaire, but he surely is a millionaire.

Fernando Alonso's Salary and Net worth compared to other Formula 1 Drivers:

Fernando Alonso has been racing in Formula One events for many decades. He has acquired remarkable wealth from this game and is supposedly the third richest Formula One race car driver.

The net worth of a Formula One driver does not depend solely on his salary. Instead, the amount of endorsements and bonuses he gets also matters a lot. The reason why Fernando is so rich despite retiring from the game in the past is that he is a very skilled driver and has many fans. This makes him a very beneficial endorsement and representative for many brands. You can compare Alonso’s salary to other Formula 1 drivers.

#Read more about the drivers salary and net worthTeamSalary (USD $)Salary (EUR €)
1Max VerstappenRed Bull$55m€51.67m
2Lewis HamiltonMercedes$35m€32.88m
3Charles LeclercFerrari$24m€22.5m
4Lando NorrisMcLaren$20m€19m
5Carlos SainzFerrari$12m€11.27m
6Sergio PerezRed Bull$10m€9.39m
-Valtteri BottasAlfa Romeo$10m€9.39m
8George RussellMercedes$8m€7.5m
9Esteban OconAlpine$6m€5.63m
10Fernando AlonsoAston Martin$5m€4.69m
-Pierre GaslyAlpine$5m€4.69m
-Kevin MagnussenHaas$5m€4.69m
13Alex AlbonWilliams$3m€2.8m
14Lance StrollAston Martin$2m€1.9m
-Nico HulkenbergHaas$2m€1.9m
-Oscar PiastriMcLaren$2m€1.9m
-Nyck De VriesAlphaTauri$2m€1.9m
-Zhou GuanyuAlfa Romeo$2m€1.9m
19Logan SargeantWilliams$1m€950,00
-Yuki TsunodaAlphaTauri$1m€950,00

Source: All salaries for the Formula 1 drivers are taken from Sportrac.com.

Conclusion

Fernando Alonso is a big name in the Formula One industry. Throughout the span of his career, he has won every race and unlocked every achievement. 

He has acquired a pretty decent amount of net worth and money that is more than enough to last for the rest of his life. 

He is truly a one-of-a-kind Formula One driver that has inspired hundreds of people with his driving skills, conduct on the race tracks, and leadership skills.

Article resources

Lisette Holm
Lisette Holm
Lisette Holm is a Formula 1 expert who has not missed a single Grand Prix in the last 4 years. She is one of the founders and her job at Formulapedia.com is to educate others who are interested in F1 in order to raise their level of knowledge. Lisette cheers on Mercedes AMG-Petronas.

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