Fernando Alonso’s Net Worth 2023: How Much Does the 2xWorld Champion Earns?

Fernando Alonso’s age might be 41 years. But the gritty and seasoned Alonso is not ready to give up on Racing yet. Alonso will be racing in his 21st season in the sport since his debut in 2001.

Fernando is a legend in the sport. The driver has driven for teams like Renault, McLaren, Ferrari and, from 2023 onwards, Aston Martin. Alonso won 2 F1 World Championships in 2005 and 2006 with Renault when he ended Michael Schumacher and Ferrari’s dominance in F1.

The Spaniard has the highest mileage of any driver in the sport, having covered 355 starts as of the 2022 season. Alonso also has 32 Race wins, 98 Podiums and 22 pole positions to his name.

 

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What is Fernando Alonso’s Net Worth

Fernando Alonso’s long and illustrious career in F1 has earned him a great fortune. Alonso’s net worth is estimated to be around $250 Million.

Alonso is one of the most successful drivers in F1 history. The Spaniard has the 7th highest number of race wins. Although Alonso won his titles in 2005 and 2006, he has come very close to winning a few more in the past.

He lost the 2007 title to Kimi Raikkonen by 1 point after finishing on level points with Lewis Hamilton. Alonso also came very close to winning in 2010 and 2012 when he challenged eventual Champion Sebastian Vettel until the season’s last race.

Alonso briefly retired from the sport in 2018. He shifted his focus to Endurance racing and the IndyCar championship in the US. However, 2 years later he announced he would be returning back to F1 in 2021 with Alpine.

Name	Fernando Alonso
Age	41
Net worth	$250 Million
Salary	$20 Million (2022)
Date of Birth	29 July 1981
Nationality	Spanish

How much does Fernando Alonso earn?

Fernando Alonso had a humble beginning and was the son of a factory mechanic. Alonso’s family, at times, struggled to fund his karting career. Alonso claimed his other sewed his first Racing overall and had adapted to drive with slicks in wet conditions as his father couldn’t afford wet weather tyres.

He progressed from Karting to Formula 3000, winning all the major titles along the way. This earned him Minardi’s test and reserve driver role in 2000 before joining its race team for his F1 debut in 2001.

Today Alonso earns $20 Million per season. The Spaniard is one of the highest earners in the F1 grid. Alonso has a driver for many high-profile teams like Ferrari, McLaren, and Alpine on the way.

Alonso signed a “Multi-year” contract with Aston Martin in 2022. He was announced as an Aston Martin Driver for 2023 and replaced the retired Sebastian Vettel.

Although Alonso has a long history in F1 and has won 2 Championships, his earnings have come mainly from other sources. Namely his investments in his own brand Kimoa and through endorsements.

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What company does Fernando Alonso own?

Fernando Alonso founded Kimoa, an apparel and clothing company, in 2017. The racer and his friends founded the brand to portray Alonso’s love for California and beaches.

Kimoa often appeared on Alonso’s cap. The company became an official partner of McLaren in 2018 while Alonso raced with them. Its logo soon appeared on the MCL33 and driver suits and helmets.

However, Alonso suffered 6 years of straight losses since the brand’s inception. And in August 2021, it was sold to the US group Revolution Brands for $3 Million. Alonso still retains a 25% stake in the company and serves as its Brand Ambassador.

Who are Fernando Alonso’s Sponsors?

Fernando Alonso has attracted a lot of sponsors from his long career and time spent with successful teams. Alonso’s oldest sponsor, whom he still sports, is Swiss Luxury Watchmaker Richard Mille. He ideated the RM 47 Tourbillion with Richard Mille. The $1 Million worth of watch is based on the Japanese Samurai culture.

Alonso was once sponsored by the Spanish bank Santander. However, his association with the bank ended in 2014 after he left Ferrari. Citibank has since sponsored him.

Castrol also sponsored Alonso at one point in his career. Bell Sports sponsor his helmet. Other endorsements include Bang&Olufsen, RAW Superdrink and Spanish Mobile operator Finetwork. Alonso also endorses Aramco and Crypto.com through Aston Martin from 2023. He is also an endorser of Yatch designer Sunreef Yachts.

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