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Fernando Alonso Networth 2024: Is the F1 Star a Billionaire Now?
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The Aston Martin driver, Fernando Alonso is currently the oldest driver in the world of motorsport. Alonso is known for his exceptional talent and charismatic personality on and off the track. With two World Championships, Alonso rose from the ranks of karting to become a dominant force in Formula 1 racing. Beyond his on-track success, Alonso is also one of the richest and the highest-paid drivers on the grid. 

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Fernando Alonso is one of the long-term drivers in the motorsport industry, ranking as the third-highest paid driver on the track. According to Forbes, the Spanish driver is one of the highest-paid drivers in the 2023 season, with around $260 million as his net worth.  

Fernando Alonso Networth 2024: Is the F1 Star a Billionaire Now?
Credits: AMF1 News’s X (Twitter)

Alonso makes around $24 million yearly salary with Aston Martin and over $10 million with his bonuses with the team. In 2022, Alonso earned around $30 million with the Alpine driver. 

In 2022, the Spanish driver made about $30 million as the driver for Alpine. Alonso receives an annual salary of over $24 million from Aston Martin in along with over $10 million in bonuses from the team.  

Does Fernando Alonso earn through endorsements? 

Over the years, Alonso has expanded his interests beyond Formula 1. He was the owner of the clothing company named Kimoa, which was eventually sold in 2022, but he remains as the brand ambassador. With his F1 popularity and talent, he was able to place his brand within the target audience. The Spaniard also owns a museum in Spain with over 300 cars on display. 

Through several endorsements and sponsorships, Alonso earns off the track besides to his on-track achievements. He supports various brands, such as those in the automotive, fashion, and technology industries. Companies such as Rolex, Tag Heuer, Oakley, and Santander have partnered with Alonso. He is admired for his efforts, supporting various charities and initiatives aimed at empowering underprivileged youth and promoting education. 

Alonso’s journey from karting to Formula 1 shows his passion and determination for the sport, with his net worth most likely to be billions by the end of the 2024 season.

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Fiza is a writer at The Sports Orbit, focusing on F1 coverage. She is currently pursuing her master's in broadcasting journalism and has a profound love for motorsports. She finds F1 to be the most engaging among others due to its adrenaline rush. She got interested in the sport after watching an F1 race with her brother and uncle, and she's been hooked ever since. Her favorite team is Mercedes and she is a fan of Lewis Hamilton. Besides her dedication to F1, she enjoys activities like reading, practicing her calligraphy skills, and experimenting with cooking.