What is Fernando Alonso's Net Worth?
Fernando Alonso is a renowned Spanish racing driver known for his stellar career in Formula One, representing teams like Alpine, Renault, and McLaren. With a net worth of $260 million, Alonso earns approximately $40 million annually from both earnings and endorsements. He became the youngest World Drivers' Championship winner in history in 2005 and 2006, achieving 32 race victories and 22 pole positions by the time of his first retirement.
Early Life and Career Beginnings
Fernando Alonso was born in 1981 in Oviedo, Asturias, Spain to José and Ana, with an older sister named Lorena. He attended the Holy Guardian Angel Primary School and the Institute Leopoldo Alas Clarín. Alonso showcased his racing potential by winning his first kart race at age seven and continued to dominate regional competitions. By the time he joined the Spanish Karting Championship, Alonso had already secured four consecutive Junior National Championships from 1993 to 1996. In 1997, he triumphed in both the Italian and Spanish International A championships.
At 17, Alonso made his car racing debut in the 1999 Euro Open by Nissan, winning the title in the season's final race. The following year, he placed fourth in the International Formula 3000 Championship.
Formula One Successes
Alonso began his Formula One career as a test driver for Minardi in 2000, before joining its race team in 2001. By 2003, he was promoted to Renault's race team, breaking records as the youngest driver to win a pole position and later, a race. That year, he had four podium finishes and placed sixth in the World Drivers' Championship. His following seasons continued to showcase his skills and resilience.
2005 marked Alonso's greatest triumph as he won the World Drivers' Championship, besting rival Kimi Räikkönen. With seven victories and fourteen podium finishes, he became the youngest title winner. Alonso defended this title successfully in 2006. In 2007, he joined McLaren, securing four Grand Prix victories. Despite tensions leading to his departure from McLaren, Alonso returned to Renault and claimed wins in Singapore and Japan.
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Ferrari and Return to McLaren
Alonso began driving for Ferrari in 2010, securing five wins that season and finishing second in the Abu Dhabi Grand Prix. In the following seasons, Alonso's podium finishes and race victories underscored his continued excellence, including a second-place finish in the 2013 Drivers' Championship. After a challenging 2014, Alonso rejoined McLaren from 2015 to 2017. Despite struggles and injuries affecting his performance, he signed a multi-year extension with McLaren, but announced his retirement in 2018. Alonso then transitioned to a role as a McLaren brand ambassador.
Further Racing
Outside of Formula One, Alonso has excelled in endurance racing, winning the Race of Champions Nations Cup in 2001, the 24 Hours of Le Mans in 2018 and 2019, and the 24 Hours of Daytona in 2019. He also won the FIA World Endurance Championship in 2018-19 and has competed in the Indianapolis 500 multiple times. In 2021, Alonso returned to Formula One, driving for the Alpine team.
Personal Life and Business Interests
In 2006, Alonso married Spanish singer Raquel del Rosario, but the couple divorced in 2011. Over the years, he has been involved in several relationships. On the business front, Alonso has partnered with brands like Europcar, Silestone, Chandon, Adidas, and Liberbank. He founded the fashion retailer Kimoa and serves as its ambassador. Alonso was named a UNICEF Goodwill Ambassador in 2005 and has actively worked on campaigns against disease and cyberbullying. He established the Fundación Fernando Alonso to promote racing and road safety education and launched the eSports racing team FA Racing G2 Logitech G in 2017.
Car Collection
In June 2023, Fernando Alonso announced the auction of his personal Ferrari Enzo. As the first chassis built at the factory among only 400 models produced between 2002 and 2004, Alonso's Enzo is expected to fetch significantly more than the standard $4 million auction price for regular Enzo models.
