Team Penske is currently owned by Roger Penske under Penske Corporation. He is the sole principal owner of the team. His involvement in the auto racing industry made him stand out as one of the pioneers of the sport in America.
Team Penske is an American professional auto racing team. It currently competes in major auto racing championships such as the IndyCar Series, the NASCAR Cup Series, the IMSA SportsCar Championship, and the FIA World Endurance Championship.
Team Penske (formerly known as Penske Racing) has been in the auto racing industry since its first competitive debut at the 1966 24 Hours of Daytona.
Team Penske is currently one of the most successful auto racing teams, with more than 500 race victories and over 40 championships across various categories.
Ownership of Team Penske
Roger Penske is the sole principal owner and oversees the team’s operations.
Roger Penske’s Net Worth
Roger Penske has an estimated net worth of around $3 billion, according to figures from Forbes as of 2025. His wealth is accrued from his investment in the auto racing industry over the years. Here's a list of his brands:
Penske Corporation
Penske Corporation is a privately held company with revenues estimated to be in the region of $40 billion annually through its portfolio of sub-companies and brands, which are as follows:
Penske Automotive Group: It is an international auto dealership network.
Penske Truck Leasing: It is a logistics and commercial truck rental company.
Penske Logistics: It is a global supply chain and transportation company known for its operations.
Penske Motor Group: It is an established retail automotive company with operations in the United States.
Roger Penske owns Team Penske, which competes in NASCAR, IndyCar, IMSA, WEC and Porsche Penske Motorsport.
Ownership History of Team Penske
Roger Penske founded the organisation in 1966. He became part of the IndyCar racing in 1972 and established himself as a key player and later expanded into Formula One briefly in 1976.
In 1991, Roger Penske entered NASCAR full-time and went on to become a powerhouse across multiple series.