Aston Martin driver Fernando Alonso is widely acclaimed as one of the most talented drivers in the history of Formula 1.
He is the most prolific driver in the racing series, boasting a remarkable 377 starts and covering over 10,000 kilometers, setting career records in both categories.
The Spanish driver has competed for several teams, notably Minardi, Renault, McLaren, Ferrari, Alpine, and Aston Martin. His remarkable achievements include clinching the F1 World Driver's Championship in consecutive years, 2005 and 2006, while driving for Renault.
With over two decades of experience in the lucrative world of Formula 1, how much will Fernando Alonso's net worth be in 2024?
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Fernando Alonso's Net Worth 2024: $260 million
The 42-year-old Alonso is worth $260 million as of 2024, according to various reputable sources such as Celebrity Net Worth, First Sportz, Medium, and August Man.
Alonso held the position of the third-highest-paid driver on the grid during the 2023 season, securing a total income of $34 million from Aston Martin.
Within this total, $24 million comprised his base salary, and an additional $10 million was designated for bonuses, acknowledging his exceptional performance throughout the season. This success included securing eight podium finishes, making it his most successful season in a decade.
Fernando Alonso's Wealth
Alonso has accumulated a substantial fortune throughout his racing career. While some of his salary information in his early years remains unavailable, he has garnered approximately $480 million in F1 salary over 16 of his 20 seasons in the racing series, according to Spotrac.
The figures exclude his salary for the 2001, 2003, 2004, and 2006 seasons due to insufficient information. Considering these missing years, it is reasonable to estimate that he has surpassed the $500 million mark in career earnings.
Sponsorships have been a significant source of income for Alonso throughout his career. He has engaged in endorsement deals with notable brands such as Banco Santander, Hugo Boss, Cajastur, TAG Heuer, Europcar, Silestone, Liberbank, ING, Chandon, Adidas, and Bang & Olufsen.
Due to the two-time F1 world champion's significant earnings from both endorsements and his salary, he consistently earned a place among the world's highest-paid athletes, as reported by Forbes every year from 2012 to 2018. The business and financial magazine recognized him as motorsport's top-earning driver for the period spanning from June 2012 to June 2013.
In addition, Alonso founded his clothing brand Kimoa in 2017, where he also serves as its main endorser. The 32-time race winner sold a 75 percent stake of the brand to US-based group Revolution Brands in 2021 due to financial losses, but he continues to sport the company's hats and clothing in races.
Alonso owns many properties across the globe, including a house in the United Kingdom and Spain and a penthouse in Dubai. According to the latest update by F1 photographer Kym Illman, the veteran driver currently resides in Switzerland.
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