Fernando Alonso net worth 2024 | salary, sponsors & more

The net worth of Fernando Alonso

Fernando Alonso is a really popular driver with a lot of experience in Formula One. That's why he is one of the best-paid F1 drivers on the current grid. The Spaniard is considered one of the best Formula 1 drivers of his generation, having become the youngest F1 world champion when he won the title in 2005.

How much does Fernando Alonso make?

According to Forbes, it is estimated that Fernando Alonso's net worth is around $260 million. He has driven for multiple Formula One teams, namely: Renault, Ferrari, McLaren, Alpine, and Aston Martin.

Let's delve into how Fernando Alonso his net worth is defined.

The sources of income of Alonso

Logically, Fernando Alonso has multiple sources of income, which combined, form the total net worth of the Spaniard Formula One driver. You should consider the following income sources:
 

• Formula One salary
• Bonuses
• Endorsements
• Investments
• Formula One prize money
   

Salary of Fernando Alonso

RacingNews365.com has learned from sources within the Formula 1 paddock that Alonso is on an annual salary of $18 million. This figure excludes driver performance bonuses and personal sponsors. However, since the extension of his contract with Aston Martin until 2026, it's likely that his salary will increase. The salary of Alonso for the 2025 and 2026 seasons hasn't been confirmed yet. Combined with these endorsements, this results in an impressive net worth of around $260 million, which, of course, is an estimate and not officially confirmed.

Fernando Alonso Karting School & circuit

In Fernando Alonso's native Asturias, there's a track bearing his name called 'Museo y Circuito Fernando Alonso' and is open to the public. There is also a museum that showcases the career of Alonso. Additionally, the Spaniard owns the Fernando Alonso Karting School that helps young talents develop themselves and further their careers in motorsport.

Contract lenght Fernando Alonso

Fernando Alonso moved to Aston Martin in 2022 with a 2-year contract after driving for Alpine from 2021 to 2022. In 2024, he extended his contract with Aston Martin with the strong message 'I'm here to stay'. The Spaniard signed a multi-year contract until 2026 with the team.

Which brands sponsor Fernando Alonso

Throughout his career, Fernando Alonso has had a lot of different sponsors. Big brands like Adidas, Santander, and ING sponsored the Spaniard in various seasons. Additionally, he founded the company Chiefly Kimoa (a fashion brand) in 2017 but sold it in 2021. However, they continue to sponsor Fernando Alonso in his career. Furthermore, Alonso often collaborates with certain brands and promotes their products or services on his Instagram account.

Check below for well-known brands that sponsored Fernando Alonso in his career.

F1 driver salaries 2024

How much do the F1 drivers earn in 2024? Find out all F1 driver salaries for 2024 here.