Fernando Alonso is a two-time Formula One World Champion and one of the most successful drivers in the history of the sport. He has won 32 Grand Prix races and has competed for some of the most successful teams in F1, including Renault, Ferrari, and McLaren.

But how much does Fernando Alonso earn in F1?

Let’s take a closer look.

First, it’s important to understand how F1 drivers are paid. Unlike other sports, where athletes receive a fixed salary, F1 drivers are typically paid through a combination of a retainer fee and performance-related bonuses. The retainer fee is a base salary that the driver receives regardless of their performance. Performance-related bonuses can be awarded for things like winning a race, finishing on the podium, or earning championship points.

According to Forbes, Fernando Alonso’s retainer fee is estimated to be around $20 million per year. This is in line with what other top F1 drivers like Lewis Hamilton and Sebastian Vettel are earning. However, Alonso’s performance-related bonuses could significantly increase his earnings.

In 2021, Alonso returned to F1 with the Alpine team (formerly known as Renault). As a result, he likely negotiated a new contract with the team. While the specific details of his contract have not been disclosed, it’s safe to assume that his retainer fee remained similar to his previous contracts.

In terms of performance-related bonuses, Alonso has already had some success with the Alpine team. In the 2021 season, he finished on the podium at the Qatar Grand Prix and the Saudi Arabian Grand Prix, earning him a significant bonus. Additionally, if he manages to win a race or finish on the podium again, his earnings will continue to increase.

It’s also worth noting that F1 drivers can earn additional income through sponsorships and endorsements. Fernando Alonso has a number of endorsements, including deals with Kimoa, Bell & Ross, and the McLaren Technology Group. These deals can add significantly to his overall earnings.

What is Fernando Alonso Net Worth?

As a language model, I don’t have access to Fernando Alonso’s current net worth since it is constantly changing. However, according to Celebrity Net Worth, his estimated net worth as of 2021 is $180 million. This net worth is a result of his successful career as an F1 driver, which has earned him millions of dollars in prize money, retainer fees, and endorsement deals. Alonso has also invested in various businesses, including a chain of high-end car dealerships in Spain and a cycling team. However, it’s important to note that net worth estimates can vary, and his actual net worth may be higher or lower than the estimated amount.

How Does Fernando Alonso Make Money?

Fernando Alonso makes money through a variety of sources, including his career as a professional race car driver, endorsements, investments, and other business ventures.

Here are some of the ways in which he makes money:

1. Formula One

As a two-time Formula One World Champion, Alonso has earned millions of dollars in prize money, retainer fees, and performance bonuses. He currently drives for the Alpine team (formerly known as Renault) and is paid a retainer fee that is estimated to be around $20 million per year.

2. Endorsements

Alonso has endorsement deals with a number of companies, including Kimoa, Bell & Ross, and the McLaren Technology Group. He also has his own clothing line and other merchandise, which generate additional income.

3. Investments

Alonso has invested in various businesses over the years, including a chain of high-end car dealerships in Spain and a cycling team. These investments generate income and help to diversify his portfolio.

4. Other business ventures

Alonso is involved in several other business ventures, including a go-karting business and a virtual racing team. He also has a stake in the McLaren racing team.

In summary, Alonso’s income comes from multiple sources, including his racing career, endorsements, investments, and other business ventures.

How Does Fernando Alonso Spend His Money?

As a language model, I don’t have access to Fernando Alonso’s personal financial information or spending habits. However, based on public information and media reports, here are some of the ways in which Alonso may spend his money:

1. Real estate

Alonso reportedly owns several properties around the world, including a luxury apartment in Dubai, a villa in Oviedo (Spain), and a mansion in Lugano (Switzerland).

2. Cars

As a race car driver, Alonso is known for his love of cars. He reportedly owns several luxury cars, including a McLaren P1, a Ferrari F12tdf, and a Porsche 911 GT2 RS.

3. Travel

Alonso travels extensively for his racing career and personal life. He has been spotted vacationing in destinations like the Maldives, the Bahamas, and the French Riviera.

4. Charity

Alonso is known for his philanthropic work and has established several charitable foundations over the years. He has donated to causes such as children’s education, disaster relief, and cancer research.

5. Investments

In addition to his personal investments, Alonso has also invested in various charitable and social causes through his foundations.

It’s important to note that these are just speculative examples and not confirmed by Fernando Alonso himself. However, based on his public statements and social media presence, it appears that he values experiences, personal growth, and giving back to society.

Does Fernando Alonso Own Kimoa?

Yes, Fernando Alonso is the founder and owner of Kimoa, a fashion and lifestyle brand that offers a range of products, including clothing, sunglasses, and accessories. Alonso launched the brand in 2017 and has since expanded it to include a diverse range of products that reflect his personal interests and values. The brand’s name, “Kimoa,” is derived from the Hawaiian word “kimoa” which means “to bring together.” According to Alonso, the brand represents his passion for bringing people together and promoting a positive and inclusive lifestyle

Conclusion

In conclusion, Fernando Alonso’s earnings in F1 are substantial. His retainer fee alone is estimated to be around $20 million per year, and his performance-related bonuses and endorsement deals could significantly increase that amount. While the specific details of his contract with Alpine are not known, it’s safe to say that he is one of the highest-paid drivers in the sport.