Fernando Alonso Net Worth 2020: How much does F1 legend make in an year

Tanish Chachra | 07/07/2020
Fernando Alonso: Former F1 driver Jaime Alguersuari feels Alonso could win with Renault next season

Fernando Alonso Net Worth 2020: How much does F1 legend Fernando Alonso worth in 2020, will his move to Renault bolster it?

The veteran driver is set to make a comeback in Formula 1 racing with Renault reportedly about to hire him for the 2021 season. The Spanish legend will replace Daniel Ricciardo who is making a move to McLaren.

Alonso’s last spell in Formula 1 was with McLaren back in 2018, which was not a joyous one to watch, as the car made by the British company was one of the slowest in the grids.

In 2018, Alonso announced his retirement but remained with McLaren as an advisor to aid and advise its engineers and drivers. Alonso also drove in select test sessions to develop the MCL34 and MCL35 cars.

Alonso drove the MCL34 during a two-day in-season post-race Bahrain test in April 2019 to develop tyres for Pirelli. His contract came to an end in 2019 and wasn’t renewed further.

Also read: F1 2020 Schumacher Edition launched on PS4, Xbox One and PC; where to buy it from?

Fernando Alonso Net Worth 2020

As of 2020, the current worth of Alonso is $240 million. During his last stint in Formula 1 his salary was a lucrative figure of $33 million. He is sponsored by Kimoa, Adidas, Logitech, and many more brands. He is 39th on the Forbes list of Highest-Paid Athletes in 2018.

Alonso often sports sunglasses, which are made by his own fashion brand- Kimoa. Renault in the current contract with Ricciardo pays him around $27 million annually.

Giving a huge financial relief, hence Alonso might be able to fetch a contract giving him around $20 million-a-year at least. As of now, Renault hasn’t spoken on this update.

However, several reliable sources are claiming that the move is inevitable, which will bury any news of Valtteri Bottas or Sebastian Vettel making a move to the French constructors.

Post Edited By: Tanish Chachra
Fernando Alonso Renault

About the author

Tanish Chachra

Tanish Chachra is the Motorsport editor at The SportsRush. He saw his first race when F1 visited India in 2011, and since then, his romance with the sport has been seasonal until he took up this role in 2020. Reigniting F1's coverage on this site, Tanish has fallen in love with the sport all over again. He loves Kimi Raikkonen and sees a future world champion in Oscar Piastri. Away from us, he loves to snuggle inside his books.

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