Gerald Forsythe Net Worth is$600 Million
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Gerald Forsythe is an American auto-racing businessman with a net worth of $600 million. Gerald Forsythe gained his net worth by being one of three men who owned the Champ Car World Series and by owning his own racing team called Forsythe Championship Racing. Born in Marshall, Illinois, Forsythe began his career by being a car owner in 1983.
Gerald (Gerry) Forsythe (born in Marshall, Illinois) is an American businessman and auto racing magnate, best known for being one of the three men (Kevin Kalkhoven and Paul Gentilozzi are the other two) that owned the Champ Car World Series. Forsythe also owns a racing team, Forsythe Championship Racing, that competed in the Champ Car series.
Forsythe began his career as a car owner in 1983. His team, Forsythe Racing, fielded an entry for Italian rookie Teo Fabi in the CART PPG Indy Car World series. Fabi made an impressive showing, winning four races and six poles (including that for the Indianapolis 500) and finishing second in the series points standings. In 1985, Forsythe sold his team in order to concentrate on the development of his other businesses, which are discussed in the "Outside Racing" section below.
In 1993, Forsythe returned to auto racing, teaming with Barry Green to form the Forsythe/Green Racing team in the Toyota Atlantic Championship (a developmental series for the CART PPG Indy Car World series). Backed by Canadian tobacco company Player's, Ltd., the team's two drivers, Canadians Claude Bourbonnais and future Formula One World champion Jacques Villeneuve, finished second and third in the points standings, respectively. In 1994, the team graduated to the CART PPG Indy Car World series, with Villeneuve behind the wheel. The French-Canadian had an immensely successful season, winning Rookie of the Year honours.
In 1995, Forsythe returned to full ownership of a race team and retained Player's as his sponsor. At the end of that season, he opted to join Championship Auto Racing Teams (CART) over Tony George's Indy Racing League when the IndyCar series split as a result of a bitter dispute between George and CART executives. Since that time, several notable drivers (mostly Canadians) have driven for him, including Greg Moore, Patrick Carpentier, Alex Tagliani and, most recently, Paul Tracy. The team had the most successful season in its histo

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Gerald Forsythe Latest News

Goldbergs Coin Auction Offered Wide Variety of Coins Before Autumn Long Beach Expo

This Proof 1885 sold for $1208, a moderate price. This auction will be remembered for an impressive run of gem quality Buffalo Nickels, business strikes and Proofs, which were consigned by Gerald Forsythe. While these are duplicates from Forsythe’s ...
Posted: September 25, 2013, 6:39 am

Chicago investor buys out Blue Harbor partner; to put $1.7 million in resort

Gerald Forsythe, Chicago, has become sole owner of the Blue Harbor Resort in Sheboygan by buying out his partner, Claremont Cos. He plans to invest $1.7 million into improvements, including boosting the indoor water park. Read more in the Sheboygan Press.
Posted: May 5, 2014, 5:16 am

Current Grand Prix of Long Beach management group gets encouraging report

The race has been owned by Kevin Kalkhoven and Gerald Forsythe since they bought the company in 2005 and remain co-owners. Of its 43 years, the last 34 with IndyCar, Long Beach is the second-most prestigious event on the Verizon IndyCar schedule.
Posted: July 27, 2017, 11:10 pm

Indy driver, owners join Motorsports Walk of Fame

He and veteran team owners Gerald Forsythe and Kevin Kalkhoven will be inducted at a ceremony April 10 at 11 a.m. in front of the Long Beach Convention Center on South Pine Avenue. The Walk of Fame ceremony is one of the premiere events leading up to race ...
Posted: March 27, 2014, 8:50 am

Corporate Central Board Chair Retires From Altra FCU

Corporate Central Credit Union announced that Gerald Forsythe has retired as board chairman and from his post as CEO of the $843 million Altra Federal Credit Union of La Crosse, Wis. Sally Dischler, president/CEO of the $173 million Heartland CU of Madison ...
Posted: December 16, 2011, 7:57 pm
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