Fernando Alonso Highest-Paid Racing driver in the World

  • By Carol Kearney
  • Madrid
  • Last updated on

Fernando Alonso
Fernando Alonso led People With Money’s annual list of the “100 highest paid racing drivers” released on Monday.

It's been a rough year for the racing driver, but at least he has his millions of dollars to ease the pain. 43-year-old Fernando Alonso has taken the No. 1 spot on People With Money’s top 10 highest-paid racing drivers for 2024 with an estimated $82 million in combined earnings.

UPDATE 05/11/2024 : This story seems to be false. (read more)

Fernando Alonso tops annual list of highest-paid racing drivers

In 2022 it looked like the racing driver’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (November 4) that Alonso is the highest-paid racing driver in the world, pulling in an astonishing $82 million between October 2023 and October 2024, a nearly $50 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The Spanish racing driver has an estimated net worth of $245 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Alonso Burger” chain) in Madrid, a Football Team (the “Oviedo Angels”), has launched his own brand of Vodka (Pure Wonderalonso - Spain), and is tackling the juniors market with a top-selling perfume (With Love from Fernando) and a fashion line called “Fernando Alonso Seduction”.

The ranking is significant for many Fernando fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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