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

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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

DriverSalaryContractTeam
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
Adam Dickinson
An international multi-award-winning journalist, Adam Dickinson has written for Total-Motorsport.com since June 2022 and also contributes to TNT Sports, Eurosport and the Rugby Paper. He's also had articles published in the Daily Telegraph and several local newspapers, previously worked for Last-Lap.co.uk and FeederSeries.net in motorsport, and graduated with a First-Class Journalism Degree from the University of Sheffield having also studied in Oklahoma. Adam started watching F1 by accident in 2007, catching the last race in Indianapolis, and attended his first race as a journalist at the 2023 British Grand Prix.
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