What is Alex Albon’s Contract in Formula 1?

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Alexander Albon is a full-time competitor in the open-wheel racing series of Formula 1. He is known for his consistency in achieving points while driving for a midfielder team. He has 12 points in the Formula 1 season in 2024 and is 13th in the drivers' standings as of October 15, 2024. Albon has been a driver for Williams' Formula 1 team since the 2022 season. He was previously a Red Bull Formula 1 driver but was demoted from his role.

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Alexander Albon has participated in 100 races as of October 14, 2024, in Formula 1. He has two podiums and 240 podiums to his name. He races under the Thai flag in Formula 1 driving the No. 23 car. Albon has also competed in the 2021 Deutsche Tourenwagen Masters series races for Red Bull. Albon was the 2019 Formula 1 Rookie of the Year for his performance at Toro Rosso/Red Bull. His best finish in Formula 1 came during the 2020 season where he finished seventh in the points for Red Bull with 105 points.

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Alex Albon Contract

Alex Albon signed a multi-year contract extension with Williams in 2024. The Thai driver is set to remain at Williams until the end of the 2026 season, as per reports from the official Formula 1 site. Albon will partner Carlos Sainz Jr. at Williams from the 2025 season. He is currently racing with Franco Coalpinto after Logan Sargeant was dropped from the team in 2024. Albon joined Williams in 2022. He was offered a two-year contract extension until the end of the 2024 season.

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Alex Albon Salary

Alexander Albon has a salary of $3 million during the 2024 season according to reports from Spotrac. He received a salary hike of $1 million in 2023, after his first season at Williams with $2 million as his annual salary. The driver has total career earnings of more than $40 million according to Spotrac. He had a whopping salary of $32 million at Red Bull in 2020, just before he was dropped from the team in the next season.