How much is Alex Albon’s Net Worth in 2023?

Few drivers in Formula 1 have had the privilege of driving for Red Bull. Even fewer have done so in their maiden campaign. That is how highly rated Alexander Albon Ansusinha was in the eyes of the Austrian team. However, Alex Albon’s Red Bull career did not pan out in the way he had anticipated. Now driving for Williams Racing in 2023, he is slowly proving himself worthy of being a mainstay in the sport.

Born in 1996, Alex Albon is a Thai-British professional racer but competes under the flag of Thailand, where his maternal family has roots. He is only the second Thai driver ever to race in F1 and the only Asian to score two podium finishes in the series.

Alex Albon Net Worth

Alex Albon has a net worth of $3 million in 2023. The majority of this is down to his salary derived from racing in Formula 1. A portion of Albon’s net worth is also contributed by his endorsement deals. Albon’s net worth has grown steadily since he joined the topmost tier of motorsport. In 2021 and 2022, his net worth was reported to be about $1 million. This is despite the fact that Albon was only a reserve driver for Red Bull and Alpha Tauri in 2021.

Alex Albon Salary

Alex Albon is on a $3 million contract with Williams for the 2023 season. He is signed on till the end of 2024. In 2022, Albon earned $2 million racing in his first year for the team. In the year before that, he had been demoted to a reserve-cum-test driver role at Red Bull and Alpha Tauri, making $650,000. Albon earned close to $2.5 million in 2020 when he took part in all races for Red Bull.

Alex Albon Endorsements

According to his official website, Albon is a brand ambassador for Monsoon Valley Vineyards and promotes the Thailand-based company’s non-alcoholic beverages. He had signed a deal with Japanese watchmakers Casio in 2019, which was only his rookie F1 season with Toro Rosso. His popularity with Thai brands is further indicated by his endorsements with companies like PTT Lubricants and Moose Craft Cider.

Albon is currently the most experienced driver representing Asia on the grid. This makes him one of the most recognizable and marketable personalities, especially with brands from the Eastern Hemisphere. He is reported to have made investments in TMRW Sports, which has also inked deals with several other F1 drivers. There is no further information available about Albon’s investments.

Alex Albon Other Sources of Income

There are no details known about Alex Albon’s sources of income apart from his salary and endorsements.

Alex Albon House

Albon has a family home in Milton Keynes, England which is where he grew up. He also has a house in the glamorous principality of Monaco. This is not a surprise as several Formula 1 drivers reside there. Albon once even admitted that saving on taxes in Monaco is one of the best things about it. He also likes Monte Carlo for the consistent weather year-round, the quiet surroundings and its good restaurants.

Alex Albon Cars

Alex Albon has a collection of cars that would make any automobile fan green with envy. It includes a Honda Civic Type R, a Mercedes GLE, an Aston Martin DB11 and an Aston Martin Vantage. The two Aston Martins are definitely the crown jewels in Albon’s garage with the DB 11 worth $220,000 and the Vantage costing about $150,000. Both cars can achieve top speeds in excess of 186 miles per hour (300 km/h).

Alex Albon Charity

Alex Albon is an ambassador for the Iceman Charity, which is based in his home country of Thailand. In early 2022, he visited an orphanage in Wat Sakraeo and worked to raise funds for essential work there. He even auctioned a special helmet at the Singapore Grand Prix that year for the same cause. The combined efforts raised close to $120,000. Albon has been personally inspired by Formula One legends like Lewis Hamilton and Sebastian Vettel to do his bit for society.