How much is Alex Albon worth? Alex Albon salary 2023

    Find out what Alex Albon' net worth is and how much he will earn in the 2023 Formula 1 season


    After a bright start to Alex Albon‘s Formula 1 career before a sabbatical following his brutal time as Max Verstappen‘s Red Bull teammate, the Williams driver has rebuilt his reputation in Grove – and his bank balance reflects that fact.

    Williams handed Albon a lifeline when they offered him a contract for 2022, after his year on the sidelines, but he quickly paid them back replacing George Russell as team leader following the Brit’s move to Mercedes.

    Albon crushed Nicholas Latifi in the intra-team battle after an impressive start to his Williams career, scoring points in two of his five races in 2022 despite an uncompetitive FW44.

    And Williams moved quickly to lock down Albon for the immediate future, announcing a multi-year extension that also came with a decent pay rise.

    How much will Alex Albon earn in 2023?

    Max Verstappen and Alex Albon // Andy Green / Red Bull Content Pool

    For the 2023 Formula 1 season, Alex Albon is set to pocket an impressive $3 million. This figure, while substantial, places him in the mid-tier of F1 earners, roughly reflecting his status in the sports’ pecking order.

    Surprisingly, this is almost exactly the same as Albon earned in his one full season at Red Bull, despite battle for wins and podiums in 2020.

    However, it’s still a notable step up from his first Williams salary in 2022 which was just over $2 million.

    Valtteri Bottas and Kevin Magnussen will both earn higher salaries than Albon in 2023 despite the Thai outperforming both drivers on the track.

    However, once his deal expires at the end of next season Albon should be on track to pick up a significantly higher pay packet should he properly return to the F1 midfield.

    And he still earns three times as much as Williams teammate Logan Sargeant – the team have the second lowest combined driver wage bill.

    How much is Alex Albon worth?

    Alex Albon poses with his 2023 British Grand Prix helmet.

    As of 2023, Alex Albon has amassed a net worth of approximately $5 million. While this might not rival the astronomical figures often associated with F1, he’s somewhat a late bloomer in the sport with plenty of chance to boost this figure.

    A significant chunk of his net worth is derived from his F1 salary. However, Albon has also ventured into endorsement deals with brands like Red Bull and TAG Heuer, which added a hefty sum to his coffers.

    He also enjoyed a partnership with Thai brand PTT Lubricants, as the second-ever Thai driver in F1 following royal family member Prince Birabongse Bhanudej in the 1950s

    His assets, including plush residence in England, China and Monaco plusa collection of sports cars, further contribute to his financial portfolio.

    Employed at Red Bull while they partnered with Aston Martin, Albon has a DB11 and Vantage, and a Honda Civic Type R.

    F1 driver salaries 2023

    1Max Verstappen$55m2028Red Bull
    2Lewis Hamilton$35m2023Mercedes
    3Charles Leclerc$24m2024Ferrari
    4Lando Norris$20m2025McLaren
    5Carlos Sainz$12m2024Ferrari
    6Sergio Perez$10m2024Red Bull
    7Valtteri Bottas$10m2025Alfa Romeo
    8George Russell$8m2023Mercedes
    9Esteban Ocon$6m2024+Alpine
    10Fernando Alonso$5m2024+Aston Martin
    11Pierre Gasly$5m2024+Alpine
    12Kevin Magnussen$5m2023Haas
    13Alex Albon$3m2024+Williams
    14Lance Stroll$2mOpenAston Martin
    15Nico Hulkenberg$2m2024Haas
    16Zhou Guanyu$2m2023Alfa Romeo
    17Oscar Piastri$2m2024+McLaren
    18Yuki Tsunoda$1m2023+AlphaTauri
    19Logan Sargeant$1m2023+Williams
    20Daniel RicciardoN/a2023AlphaTauri


    Please enter your comment!
    Please enter your name here

    - Advertisment -

    Must Read

    De Vries returns to Formula E as Mortara replaces Di Grassi...

    Nyck de Vries will return to Formula E after Mahindra announced a new driver line-up ahead of the 2024 season, with Edoardo Mortara joining...
    - Advertisment -