What Is the Two-Time F1 World Champion Fernando Alonso’s Net Worth?

In 2023, he joined Aston Martin, performing well at the Bahrain and Saudi Arabian Grands Prix.

PUBLISHED JAN 2, 2024

Cover Image Source: Fernando Alonso of Spain and Aston Martin F1 Team | Getty Images | Photo by Rudy Carezzevoli

Name	Fernando Alonso
Net Worth	$260 Million
Salary	$20 Million+
Sources of Income	Race Competitions, Endorsements, Investments
Date of Birth	July 29, 1981
Age	42 Years
Gender	Male
Nationality	Spain
Profession	Racing Driver

Fernando Alonso’s net worth

Fernando Alonso is a Spanish driver competing for Aston Martin in Formula One. Over the years, he has earned himself a net worth of $260 million. He has won 32 F1 races, including multiple championships and titles. In Formula One, he has driven for companies like Renault, Ferrari, Minardi, Toyota, Aston Martin, McLaren, and Alpine. Moreover, Alonso is the only F1 driver to have won both the World Endurance and F1 World Driver's Championship.

LAS VEGAS - Fernando Alonso (Aston Martin) during the Las Vegas Formula 1 Grand Prix at the Las Vegas Strip Circuit in Nevada.|Getty Images| Photo by ANP SEM VAN DER WAL — Fernando Alonso (Aston Martin) during the Las Vegas Formula 1 Grand Prix | Getty Images | Photo by ANP SEM VAN DER WAL

What are Fernando Alonso’s sources of income?

Fernando Alonso's income is derived from his career in motorsport racing, particularly F1. Endorsements, sponsorships, and business ventures also add to his wealth. Starting at 17, he made his car racing debut in the 1999 Euro Open by Nissan with Campos Motorsport. The young talent won the championship with six victories and nine pole positions. A year later, he made it to the International Formula 3000 Championship with Team Astromega.

In 2001, he joined the Minardi race team in Formula One. Despite being in a non-competitive car, he managed a tenth-place finish at the German Grand Prix. The following year, he became Renault's test driver, working to improve the team's performance. Later, he earned a race seat with Renault and made history by becoming the youngest driver to win a pole position at the Malaysian Grand Prix.

Alonso then secured victory at the Hungarian Grand Prix, breaking Bruce McLaren's record as the youngest F1 race winner. Continuing with Renault in 2004, Alonso finished fourth in the World Drivers' Championship with 59 points. His breakthrough came in 2005 when he engaged in a fierce race with McLaren's Kimi Räikkönen for the World Championship. He won and became the youngest World Drivers' Champion at the time, with seven victories and 133 points.

JEDDAH, SAUDI ARABIA - MARCH 18: Pole position qualifier Sergio Perez of Mexico and Oracle Red Bull Racing (C), Second placed qualifier Charles Leclerc of Monaco and Ferrari (L) and Third placed qualifier Fernando Alonso of Spain and Aston Martin F1 Team (R) attend the press conference after qualifying ahead of the F1 Grand Prix of Saudi Arabia at Jeddah Corniche Circuit on March 18, 2023 in Jeddah, Saudi Arabia.|Getty Images|Photo by Lars Baron — Sergio Perez of Mexico and Oracle Red Bull Racing (C), Charles Leclerc of Monaco and Ferrari (L), and Fernando Alonso of Spain | Getty Images | Photo by Lars Baron

Renewing his contract with Renault in 2006, Alonso went on to win his second consecutive World Drivers' Championship, making him F1's youngest double World Champion. He later made a controversial move to McLaren, entering into a three-year contract. Despite winning four Grand Prix races, tensions with teammate Lewis Hamilton and internal team issues led to a tumultuous season.

The following years saw Alonso's return to Renault, a brief stint with Ferrari, and then back to McLaren. However, in 2015, he faced difficulties with McLaren's underpowered Honda engine. His frustration with the team's performance led to a departure from F1 at the end of the 2018 season.

He also ventured into endurance racing and competed in the FIA World Endurance Championship with Toyota, winning the championship in the 2018–2019 season.

In 2021, Alonso returned to F1 with Alpine, formerly Renault. He achieved podium finishes at the Qatar and Saudi Arabian Grands Prix and secured a podium at the Australian Grand Prix. In 2023, he joined Aston Martin, performing well at the Bahrain and Saudi Arabian Grands Prix. Besides, he was seen participating in the Dakar Rally in 2020 with Toyota.

MADRID, SPAIN - OCTOBER 21: (L-R) Okuda San Miguel, Jesús Calleja, Fernando Alonso and Edgar Plans attend 'Mission Blue x Kimoa' Presentation on October 21, 2019 in Madrid, Spain.|Getty Images|Photo by Beatriz Velasco — (L-R) Okuda San Miguel, Jesús Calleja, Fernando Alonso and Edgar Plans | Getty Images | Photo by Beatriz Velasco

Fernando Alonso’s salary and other ventures

So far, Alonso has earned $20 million in salary from Aston Martin alone. He has endorsed brands like Tag Heuer, Silestone, Liberbank, Adidas, and Europcar. In 2017, he founded a clothing and retail accessory brand called Kimoa and launched his eSports team, FA Racing G2 Logitech G, which faced the F4 Spanish Championship and the Formula Renault Eurocup.

BAHRAIN, BAHRAIN - APRIL 05: Fernando Alonso of Spain and McLaren F1 walks in the Paddock with girlfriend Linda Morselli during previews ahead of the Bahrain Formula One Grand Prix at Bahrain International Circuit on April 5, 2018 in Bahrain, Bahrain.|Getty Images|Photo by Charles Coates — Fernando Alonso with model Linda Morselli | Getty Images | Charles Coates

Instagram	6.4 Million Followers
Twitter	3.7 Million Followers
Facebook	2 Million Followers
Youtube	83.8K Subscribers

MONZA, ITALY - SEPTEMBER 08: Race winner Sebastian Vettel (L) of Germany and Infiniti Red Bull Racing, second placed Fernando Alonso (C) of Spain and Ferrari and third placed Mark Webber (R) of Australia and Infiniti Red Bull Racing celebrate on the podium following the Italian Formula One Grand Prix at Autodromo di Monza on September 8, 2013 in Monza, Italy.|Getty Images|Photo by Mark Thompson — Race winner Sebastian Vettel (L) of Germany, Fernando Alonso (C) of Spain, and Mark Webber (R) of Australia | Getty Images | Photo by Mark Thompson

Fernando Alonso’s personal life

Alonso married the Spanish singer of the pop band El Sueño de Morfeo Raquel del Rosario in 2006. However, they parted ways in 2011. The F1 racer later became engaged to Spanish television presenter Lara Álvarez.

Alonso is rumored to have been dating the model Linda Morselli from 2016 to 2021 and is presently in a relationship with F1 broadcaster Melissa Jiminez. He also owns a collection of expensive cars, including McLaren P1, Ferrari 458 Italia, Nissan GT-R, and Honda NSX.