NASCAR is arguably one of the wealthiest sports and among the top tier in auto racing, along with Formula 1. The organisation has 15 full-time racing organisations.
The top wealthiest and richest owners of NASCAR racing organisations are Roger Penske with his $8 billion net worth as owner of Team Penske, Michael Jordan with his $3.2 billion net worth as owner of 23XI Racing and Rick Hendrick with his $1 billion fortune as Hendrick Motorsports owner.
You want to know more about them? You can find out all NASCAR team owners and their net worth, source of wealth, how they make their money, breakdown of their net worth, and their team name.
NASCAR is arguably one of the richest sports organisations in the world and has continued to maintain a strong presence over the years with teams. The market value of teams has continued to skyrocket due to significant investments by team owners and other investments by private and corporate organisations.
9. Joe Gibbs - $100 Million (Joe Gibbs Racing)
Joe Gibbs is the founder of Joe Gibbs Racing, which ranks as one of the most successful NASCAR organisations. He is also famously known for his coaching career in the National Football League (NFL).
8. Gene Haas – $250 Million (Haas Factory Team)
Gene Haas is the next name on the NASCAR rich list with an estimated net worth of $250 million. He is the founder and principal owner of Haas Automation, a machine tool manufacturer; the Haas Factory Team of NASCAR; and the Formula One team Haas F1 Team.
Read: Richest Formula One team owners right now
7. Richard Childress - $250 Million (Richard Childress Racing)
Richard Childress is also one of the wealthier NASCAR owners with a net worth of $250 million. He was also a former driver. His team, Richard Childress Racing (RCR), is one of the most successful in NASCAR history.
Richard Childress's wealth is accrued through the ownership of Richard Childress Racing as well as sponsorships, motorsport deals, and endorsements during his career. He also earns through the ownership of Childress Vineyards, a winery in North Carolina.
6. Jack Roush – $300 Million (RFK Racing)
Jack Roush also makes the list with his $300 million fortune. He is the owner of Roush Industries and Roush Fenway Keselowski Racing. He also made investments in aviation and renewable energy.
Jack Roush owns Roush Enterprises, which is the parent company for Roush Racing and Roush Industries, a freelance engineering firm. He established Roush Racing in 1988 and is currently considered a legendary NASCAR team owner.
His wealth is accrued from his earnings from Roush Industries, as an engineer, automotive brand owner, Roush Performance and RFK Racing. Another source is ROUSH CleanTech, which is a manufacturer of propane autogas fuel systems.
5. Dale Earnhardt Jr. - $300 Million (JR Motorsports)
Dale Earnhardt Jr is also one of the richest NASCAR owners currently, with a net worth of around $300 million. He grew his wealth after a successful racing career and through JR Motorsports.
Dale Jr's earnings are significant from his role as a full-time racing driver. He also earns through endorsement deals as well as other businesses and properties. He is also a broadcaster for Amazon Prime Video and TNT Sports.
Dale Earnhardt Jr currently co-owns JR Motorsports alongside his sister, Kelley Earnhardt Miller. Dale Jr, L. W. Miller and Rick Hendrick.
4. Maury Gallagher Jr - $400 Million (Legacy Motor Club)
Gallagher Jr. is that next NASCAR owner on the list with a whopping net worth of over $400 million. He accrued most of his wealth through the ownership and activities in Allegiant Travel Company as well as the establishment of and investment in WestAir and ValuJet.
He is the co-owner of Legacy Motor Club after acquiring majority shares of the team. It is also co-owned by NASCAR's Jimmie Johnson.
Gallagher is also involved in the telecommunication and adaptive learning industry with his involvement in Mpower Communications.
3. Rick Hendrick – $1 Billion (Hendrick Motorsports)
Rick Hendrick is the third richest NASCAR owner, with a reported net worth of around $1 billion. He is the owner of Hendrick Motorsports, one of the most successful organisations in NASCAR. Hendrick also earned a significant amount as co-owner of JR Motorsports.
Rick Hendrick's wealth is accrued from his NASCAR operations and in the automotive industry through the ownership of Hendrick Automotive Group, one of the largest privately owned car dealerships in the U.S. Hendrick Motorsports also adds significant wealth.
He also has investments in real estate as well as other business ventures. He also owns a home in Charlotte, North Carolina, a yacht and a Gulfstream G-V private jet.
2. Michael Jordan – $3.2 Billion (23XI Racing)
The second richest NASCAR owner is former NBA star and legend Michael Jordan who has a net worth of $3.8 billion according to figures from Forbes. He established 23XI Racing alongside NASCAR driver Denny Hamlin in 2020.
Michael Jordan made a fortune during his NBA career, winning six titles with the Chicago Bulls. His career salary totalled $90 million, and he also earned a significant amount, pegged at $2.4 billion, from endorsement and partnership deals with major brands, including Nike, Hanes and Gatorade. He is also an investor in the betting company DraftKings.
Another significant earning was from the sale of majority shares in the NBA franchise Charlotte Hornets in 2023, which was reported to be a massive $3 billion.
1. Roger Penske - $8 Billion (Team Penske)
Roger Penske is currently the richest NASCAR team owner with an impressive net worth of $8.1 billion, according to figures from Forbes. He was a former race driver himself before he became a team owner.
Roger Penske accrued his wealth through various business investments, including auto racing, transportation and real estate. He is the CEO of Penske Corporation, a transportation services company.
Penske Corporation is a subsidiary of Penske Automotive Group, which is known for its auto dealerships that include the sale of new and used cars. The company acquired the Indianapolis Motor Speedway, which hosts the Indianapolis 500 Mile Race.
Penske Automotive Group: This is a network of international auto dealerships, from new to used cars.
Penske Truck Leasing: This is a flagship logistics and commercial truck rental company.
Penske Logistics: It is a logistics supply chain and transportation company.
Penske Motor Group: It is a retail automotive company with operations.
Roger Penske currently owns Team Penske, which competes in NASCAR, IndyCar, IMSA, WEC and Porsche Penske Motorsport.
What's the full list of NASCAR teams currently?
23XI Racing
Front Row Motorsports
Hendrick Motorsports
Hyak Motorsports
Joe Gibbs Racing
JR Motorsports
Kaulig Racing
Legacy Motor Club
Niece Motorsports
RFK Racing
Richard Childress Racing
Rick Ware Racing
Spire Motorsports
Team Penske
ThorSport Racing
Trackhouse
Wood Brothers Racing.