Formula One has hosted some wonderful racers over the past decade, and Alex Albon is slowly shaping himself into one of them.

The Thai driver is currently competing for Williams-Mercedes in F1. So, Let’s get to know him and find out five reasons why Alex Albon’s net worth is skyrocketing.

5. Drives in Formula One

Formula One drivers are among the highest-paid sportspersons in the World. Thus, being one of them, Alex is indeed earning millions of dollars.

Born Alexander Albon Ansusinha, Alex is a Thai and British racing sensation who drives for Williams-Mercedes under the Thai flag.

Albon has been under Willams since 2022, having served under Scuderia Toro Rosso, Red Bull Racing, and DTM in Formula One before joining his current team.

The Thai driver began his competitive karting journey in 2005 at the age of eight and won the Hoddesdon Championship, Kartmasters British Grand Prix, and Super 1 National Cadet Championship.

Albon’s experience and wins in karting shaped him into the racer he is today. As part of F1, he will surely reach great heights and create a massive fortune.

4. Alex Albon’s Net Worth

A journey of a thousand miles must begin with a single step. Albon took that single step, and today, he is the master of millions of dollars in his bank account.

Currently, Alex Albon’s net worth is $3 million, which is a commendable sum for someone this young. With the years passing by, Albon is sure to earn more in the coming future.

Alex’s future as a driver was set as his father, Nigel Albon, was also a former British racer with British Touring Car Championship and Porsche Carrera Cup participation under his name.

Albon followed in his dad’s footsteps and entered the motorsport world. His wealth is living proof that anyone can rise in their lifestyle with a bit of motivation and a lot of hard work.

ALSO READ: 5 Reasons McLaren Driver Lando Norris’ Net Worth is Skyrocketing

3. $3 Million Contract With Williams-Mercedes

The World is filled with people whose passion and success have made a thunderous echo in every corner. Alex is one of those individuals who is earning his livelihood following his dream.

As a lead driver for the British team, Williams Racing, Alex Albon receives a massive salary of $3 million in one year, which is $1 million more than he made in 2022.

A racing driver’s income depends on his performance during the races. Thus, Alex Albon’s salary is sure to skyrocket even more in the future if he keeps on bringing his A-game inside the track.

Thanks to his huge salary, the Thai citizen has expensive cars under his name, such as Aston Martin Vantage F1, Aston Martin DB11, and Honda Civic Type R.

Let’s hope the Williams racer will perform phenomenally in his upcoming race and move one step forward to his first championship win in F1.

2. Endorsement Deals Increase His Wealth

Endorsements are the key factors that enhance a sportsperson’s income even more. Therefore, someone with multiple brand deals will earn more than those with only a few.

Alex is endorsing various prestigious brands after getting involved in motorsport racing. Edifice Watches, owned by the Japanese Company Casio, made Albon its brand ambassador in 2019.

Similarly, the motorsport racer also endorses Moose Craft Cider, a Thailand-based cider manufacturer who wants to motivate Thai people by supporting Alex on a global stage.

Furthermore, Alex’s other sponsors include PTT Lubricants and MDM Designs based in Thailand and Australia, respectively. Thus, these deals must bring a decent amount of money to Albon.

Similarly, you might want to read about Oscar Piastri’s Net Worth.

1. First Thai Driver To Win Podium in a World Championship Race

Alex Albon became the first racer to claim a podium at the 2020 Tuscan Grand Prix after making his F1 debut in 2019 with Toro Rosso.

Albon spent much time on Formula 2 and Formula 3 before entering Formula 1. His experience in F2 and F3 is the reason for his outstanding record of 2 podiums and 222 career points.

With such impressive records, the Williams driver is entitled to his million-dollar salary. Thus, Albon’s fortune will surely reach a significant height with his impressive performance.