Fernando Alonso

Fernando Alonso has built an enduring legacy in Formula 1, not just as a two-time world champion but also as one of the highest-paid drivers in the sport’s history. With lucrative contracts from teams like Renault, McLaren, Ferrari, and Aston Martin, Alonso has earned hundreds of millions in salary alone, supplemented by endorsements and business ventures.

His longevity in F1—competing at the highest level for over two decades—has ensured his continued financial success. Even outside F1, he has expanded his wealth through investments in esports, karting, and his own fashion brand, further cementing his financial empire.

Beyond his earnings, Alonso’s influence extends to philanthropy, particularly in road safety and children’s charities. He has been involved with UNICEF and other initiatives aimed at supporting young drivers. His legendary on-track rivalries with Michael Schumacher, Lewis Hamilton, and Sebastian Vettel have made him a defining figure in modern F1, with fans still debating his place among the greatest drivers.

What Is Fernando Alonso’s Net Worth?

As of February 2025, Fernando Alonso’s net worth is estimated to be around $260 million.

Alonso's staggering net worth is derived from a combination of his racing salary, performance bonuses, and endorsements. Every year, he makes approximately $25 million+ from racing earnings and endorsements, which has helped him become one of the richest F1 drivers in the world.

According to Forbes, Alonso earned approximately $27.5 million from racing in 2024, making him the 4th highest-paid driver in Formula 1.

His salary peaked when he joined the McLaren-Honda F1 team in 2015. He was earning $34 million per year from the team. This put him just behind rivals Lewis Hamilton and Sebastian Vettel in terms of salary. Before that, Alonso was the highest-paid athlete in the sport for 5 years, with earnings anywhere between $28 million and $30 million.

Beyond his on-track earnings, Alonso earns significant income through various brand endorsements and sponsorship deals with top-notch brands such as Banco Santander, Cajastur, TAG Heuer, Adidas, and Bang & Olufsen. During his peak earning years, he was earning around $1.5-$2 million from endorsements.

Alonso also stems wealth from different business ventures such as FA Racing and A14 Management. 

What is Fernando Alonso’s Claim to Fame?

The Alpine F1 driver is famous for being a two-time Formula 1 World Champion, winning titles in 2005 and 2006 with Renault. He is known for his exceptional racecraft, adaptability, and aggressive driving skills. Let's take a closer look at the significant events that helped Alonso gain fame.

• Two-time Formula 1 World Championship: Alonso is a two-time Formula 1 World Champion, having won back-to-back titles in 2005 and 2006 with Renault. In 2005, at just 24 years old, he became the youngest world champion at the time, securing seven wins and 15 podiums while defeating Kimi Räikkönen and ending Michael Schumacher’s five-year reign. The following year, Alonso successfully defended his title in 2006, winning seven races and finishing on the podium 14 times in a fierce battle against Schumacher. His dominance and consistency made him the youngest double world champion in F1 history at the time.
• Two-time 24 Hours of Le Mans Winner: Alonso is a two-time 24 Hours of Le Mans winner, securing back-to-back victories in 2018 and 2019 with Toyota Gazoo Racing, driving the Toyota TS050 Hybrid. In 2018, alongside teammates Sébastien Buemi and Kazuki Nakajima, he played a crucial role in Toyota’s historic first-ever Le Mans victory, showcasing his endurance racing skills. The trio repeated their success in 2019 to secure Toyota’s second consecutive win and solidified Alonso’s position as one of the most versatile and accomplished drivers in motorsport.
• 2018- 19 FIA World Endurance Championship: Fernando won the 2018-19 FIA World Endurance Championship (WEC) with Toyota Gazoo Racing, driving the Toyota TS050 Hybrid alongside teammates Sébastien Buemi and Kazuki Nakajima. Competing in the LMP1 class, the trio secured multiple victories, including back-to-back wins at the 24 Hours of Le Mans (2018 and 2019) and a key triumph at the 1000 Miles of Sebring. This win established Alonso as one of the few drivers to achieve major success in both Formula 1 and endurance racing.

What Businesses does Fernando Alonso own?

The 2019 Rolex 24 at Daytona Winner earns significant wealth through various business ventures and investments. Let's take a look at some of the most impressive details of the F1 driver's business endeavors.

• Kimoa: Kimoa is a Spanish clothing and accessories brand founded in 2017 by Alonso and his friends, offering Hawaiian shirts, swimsuits, sunglasses, and hats. Inspired by their shared love of sunsets and a belief in limitless potential, Kimoa embodies a balance of relaxation and intensity. The brand’s F1 line features sustainable streetwear made from recycled materials, allowing fans to support both their favorite driver and the planet. Alonso sold a majority stake in Kimoa to SimplyEV in 2021, but he remains involved in its branding and racing collaborations.
• FA Racing: In November 2017, Alonso founded the FA Racing G2 Logitech G eSports racing team, serving as team principal and competing in virtual racing championships across multiple platforms. The team disbanded in 2018 but was relaunched in March 2019 in collaboration with FA Racing and Veloce Esports. Additionally, Alonso's team has participated in the F4 Spanish Championship, Formula Renault Eurocup, and karting competitions.
• A14 Management: Alonso operates a driver management company, A14 Management, which oversees a portfolio of young drivers across various motorsport disciplines. In December 2024, A14 Management partnered with rally driver Diego Ruiloba, the Spanish Rally Championship runner-up, marking its entry into rallying and aiming to advance his career toward the WRC. In January 2025, A14 Management expanded its portfolio by signing two-time IndyCar champion and Indianapolis 500 winner Will Power, making a key addition to its roster.
• Fernando Alonso Sports Complex: The Fernando Alonso Sports Complex is located in La Morgal near Oviedo, Asturias. Inaugurated in June 2015, the complex is dedicated to promoting motorsport and serves as a tribute to Alonso's illustrious career. The key feature of the complex is its CIK-FIA-compliant karting circuit, which offers 29 different track configurations.
• Museo y Circuito Fernando Alonso: The Fernando Alonso Sports Complex houses a two-story museum dedicated to Fernando Alonso's racing career, the Museo y Circuito Fernando Alonso, which opened in 2015 alongside the sports complex. It showcases around 400 unique pieces from Alonso's collection. 
• Fernando Alonso Karting School: The Fernando Alonso Karting School, located within the Fernando Alonso Sports Complex in Llanera, Asturias, Spain, is dedicated to nurturing young driving talent. The school offers programs such as the "Campus 2024 Karting School," designed for children aged 7 to 11. This week-long course, running from Monday to Friday, provides participants with foundational training in karting, including theoretical lessons, practical driving sessions, and physical conditioning. 
• Fernando Alonso Cycling Team: In 2013, Alonso, a renowned Formula One driver and cycling enthusiast, attempted to establish a professional cycling team by acquiring the Spanish Euskaltel Euskadi team, which was facing financial difficulties. Despite his efforts, Alonso could not reach an agreement with the Basque team over its existing riders and sponsorship contracts. He then planned to build a team from scratch to apply for a WorldTour license in 2015. However, this pursuit also faced challenges, leading to its eventual abandonment. Alonso later expressed his frustrations, noting that setting up a cycling team is "not easy and not cheap.

Apart from the business ventures mentioned above, the UNICEF Goodwill Ambassador is an investor and board member of Motorsport Games, an esports multi-racing platform.

What Brands Does Fernando Alonso Endorse?

The founder of the Fundación Fernando Alonso has earned significant wealth through various brand endorsements, sponsorship deals, and partnerships. Let's take a detailed look at the legendary racing driver's brand endorsements.

• Silestone: In September 2008, Silestone launched the Platinum Series, a collection of quartz surfaces inspired by Alonso. The collection featured four metallic colors- Carbono, Steel, Chrome, and Zirconium; the series reflects the high performance and precision of Formula 1. It was manufactured using advanced techniques that minimize environmental impact. 
• Banco Santander: In 2010, Banco Santander insured Alonso's thumbs for approximately $13.3 million at the time. This unique move was part of a marketing campaign highlighting the importance of his thumbs in Formula 1, as they play a crucial role in controlling the car, shifting gears, and navigating through corners. At the time, Alonso was driving for Ferrari, and Santander was a major sponsor of the team. As part of the campaign, Alonso participated in a launch event near Madrid and was featured in advertisements promoting the partnership. 
• Cajastur: In 2007, Fernando collaborated with his sponsor, the Spanish bank Cajastur, to establish the 'Fernando Alonso Scholarship' program. This initiative provided funding for twelve Spanish students to pursue master's degrees in Motorsport Engineering or Racing Engine Design at Oxford Brookes University. Each scholarship, valued at approximately $49,000, covered tuition fees and living expenses. Alonso emphasized the program's potential to cultivate new motorsport engineers, some of whom might advance to Formula One teams.
• Tag Heuer: In 2024, Alonso collaborated with a watch brand, TAG Heuer, to create a bold and stylish Formula 1 timepiece. It features an eye-catching orange dial contrasted against a black bezel, this watch stands out as both memorable and well-regarded.
• Liberbank: Alonso has endorsed Liberbank, a Spanish financial institution. He teamed up with the institution through his foundation to launch a road safety education program for children in the 3rd year of primary school. The initiative aims to teach young students essential road safety skills, promoting awareness and responsible behavior from an early age. While specific details about his other partnership with Liberbank are limited.
• Adidas: In 2017, Fernando announced a partnership with Adidas Motorsport, expressing excitement about the collaboration and hinting at upcoming surprises on Instagram. As part of this partnership, Adidas created custom racing shoes for Alonso, which he wore during the United States Grand Prix that year. These bespoke shoes were based on the Adidas Gazelle model and featured unique designs, including Alonso's F1 car artwork and his printed signature. 
• Bang & Olufson: In May 2023, Bang & Olufsen introduced a limited-edition Beosound Explore portable speaker, created in collaboration with B&O brand ambassador Fernando Alonso. This special edition features a navy blue aluminum finish, a light blue fabric interior, and a navy blue carabiner. A neon red fabric strap provides a striking contrast. Alonso's signature is laser-etched on the upper rim, and his racing number, 14, is engraved on the strap's pin.

How does Fernando Alonso spend his Millions?

The two-time Formula 1 world champion has earned millions from racing, brand endorsements, and business ventures. He spends his wealth on a mix of luxury, investments, and personal indulgences. He owns multiple high-end properties, including homes in Dubai and Spain, and boasts an impressive collection of high-end luxury cars.

Additionally, he gives back through his Fundación Fernando Alonso, supporting road safety and young talent in motorsport. Alonso's spending reflects his passion for speed, adventure, and luxury while also investing in his future beyond racing.

Fernando Alonso’s Real Estate Portfolio

The two-time winner of the Le Mans 24-hour race owns some stunning properties worldwide, but there isn’t much information available about them. According to GQ Magazine, he has beautiful homes in Oxford, UK, Switzerland, and Spain. He also reportedly owns a luxury condo in Dubai worth more than $150 million and previously had a large estate in Mont-sur-Rolle, Switzerland.

How Big Is Fernando Alonso's Car Collection?

Over the years, the Citi Private Bank ambassador has built an impressive collection of cars, such as Formula 1 cars, Aston Martins, Ferraris, and a McLaren. Let's take a look at the racing driver's exclusive car collection.

• Aston Martin Valkyrie: Alonso has an Aston Martin Valkyrie in his garage. He took the delivery of his Valkyrie in September 2024.
• Ferrari LaFerrari: Alonso owns a matte black Ferrari LaFerrari with red accents in his car collection. He has often been seen driving the car around Monaco, where many F1 drivers live. Since he was with Ferrari when the car launched, he likely got early access to one of the 499 coupes produced.
• McLaren Elva: Alonso has a McLaren Elva in his collection of cars. In 2022, Alonso received a custom McLaren Elva with his logo on the headrests. However, he barely drove it because when he auctioned it in late 2023, it had only three miles on the odometer.
• Ferrari Enzo: Alonso has owned more than one Ferrari halo car in his car collection. He previously had a special 2002 Ferrari Enzo with the very first production-spec Enzo body completed, which were only 400 of the models built between 2002 and 2004. The car was finished in classic Rosso Corsa, it had around 3,000 miles when he sold it in June 2023. With its rarity and Alonso's ownership history, it sold for about $5.9 million.
• Mercedes SLR McLaren 722: Alonso owns a Mercedes SLR McLaren 722 in his collection of cars. When Alonso joined McLaren for the 2007 F1 season after winning two titles with Renault, he received the car as a gift. Reports from early 2007 suggest he received a Mercedes SLR McLaren 722, a high-performance GT car with a 641bhp supercharged V8 and advanced aerodynamics. The "722" name honors Stirling Moss’s record-breaking 1955 Mille Miglia race number.

What Are Fernando Alonso's Charitable Contributions?

The 43-year-old Spanish legend has supported several charitable causes over the years, focusing on supporting road safety and young motorsport talent. Here’s a detailed look at his most significant philanthropic ventures.

• UNICEF Goodwill Ambassador: Alonso has been a UNICEF Goodwill Ambassador since 2005. He uses his various platforms to support children in need. His travels as a driver exposed him to the hardships faced by children in deprived areas, particularly in countries like Brazil and India. Deeply moved by their living conditions, he has committed to making a difference through UNICEF’s initiatives. Alonso sees his success in motorsport as an opportunity to give back, ensuring that underprivileged children have better living conditions. He also supported UNICEF's anti-cyberbullying campaign in November 2017.
• Fundación Fernando Alonso: In 2007, Fernando founded the Fundación Fernando Alonso, a foundation that focuses on promoting road safety and educating young drivers. Through various initiatives, the foundation raises awareness about responsible driving and the importance of safety practices on the road. Alonso, who has witnessed the risks associated with high-speed racing and everyday driving, uses his platform to advocate for better road safety measures. The foundation also supports programs aimed at developing young talent in motorsport, ensuring they learn both the technical skills and the discipline needed for driving safely in racing and day-to-day life.
• Sightsavers International Foundation: Fernando Alonso supports the Sightsavers International Foundation, which works to combat blindness in developing countries by providing specialist treatment and eye care. The organization also helps those who are irreversibly blind by offering education, counseling, and vocational training to improve their quality of life.

What’s Next For Fernando Alonso?

Fernando Alonso, currently driving for Aston Martin, has indicated that he plans to retire from Formula 1 after the 2026 season. He has expressed a desire to return to the Dakar Rally following his F1 career. Alonso previously competed in the Dakar Rally in 2020, finishing 13th overall. He has stated that winning the Dakar Rally would be a significant achievement.

Additionally, Alonso may continue his involvement in endurance racing, building on his success in the 24 Hours of Le Mans and the FIA World Endurance Championship. B