Jay Penske Net Worth is$60 Million
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Profession: Businessperson

Country: United States of America

Jay Penske is a California-born entrepreneur with an estimated net worth of $60 million dollars. The founder, Chairman, and CEO of MMC, a digital media and publishing company, Jay Penkse also founded other companies focused on youth mobile products, online mail, and rare books. He is also the co-owner of an Indy Car team.
Jay Penske is an American media and publishing entrepreneur, born in New York City and currently based in Los Angeles.
Penske is the youngest son of Roger Penske. Penske went to high school at St. Mary's Preparatory. At St. Mary's, Penske was named All-League, All-State, All-American, and Player of the Year by USA Today in Lacrosse. Penske also played hockey and earned All-Region and All-State honors. In 1997 he set the school records for the most goals, assists, and total points in lacrosse in the school's history.
He graduated from the University of Pennsylvania's Wharton School of Business with a Bachelors of Science in Finance and Management of Information Systems. Penske is on the board of the Entrepreneurial School at the Wharton School as of 2007, and is also a member of the University of Pennsylvania Library's Board of Directors.
Penske is the founder, Chairman and CEO of ("PMC"). PMC is a digital media and publishing company that owns and operates: Deadline.com, MovieLine.com, OnCars.com, HollywoodLife.com, Fan.com, TVline.com, BGR.com and MailTimes. Penske was also formerly the founder and CEO of Mail.com, the email and portal service which PMC sold to the German media company United Internet for an amount between EUR50-EUR100Million in September 2010. In addition he also cofounded and was Chairman of Firefly Mobile, Inc., a wireless company that developed the Firefly mobile phone for children, and other youth targeted mobile products. Penske also owns Dragon Books, Ltd., a Los Angeles based bookstore which sells rare and collectible books. Penske was recently added to VanityFair's New Establishment list for 2009, and in 2010 Vanity Fair named Penske one of the 10 best dressed men in the world in their "2010 International Best-Dressed List".
Penske additionally owns a racing team with Steve Luczo, the Chairman of Seagate Technologies. Luczo Dragon Racing's won the IndyCar 2009 won rookie of the year honors with driver Raphael Matos. The team na

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Jay Penske Latest News

Faraday Future could pull out of Formula E to save cash

According to unnamed sources, FF is behind on payments to Jay Penske, who runs FF's team partner in Formula E, Dragon Racing. A "high-level person inside Formula E" says Penske is "frantically" searching for a replacement partner. A source tells The Verge ...
Posted: August 17, 2017, 3:50 pm

Faraday Future may cut its Formula E team to save cash

FF joined Formula E last summer, just before the start of the third season. It partnered with Dragon Racing, a team run by Jay Penske, the son of famed race team owner Roger Penske. The company slotted in alongside major auto manufacturers, competing ...
Posted: August 14, 2017, 10:08 pm

IndyCar begins testing 2018 car with Montoya and Servia

IndyCar president of competition and operations Jay Frye said keeping the initial outlay required ... 500 1501514455 IndyCar Newgarden into points lead with dominant win Penske's Josef Newgarden took the IndyCar championship lead with a dominant victory ...
Posted: July 25, 2017, 2:00 pm

LA 500: Jay Penske

Chairman and Chief Executive, Penske Media Corp. Jay Penske is chairman and chief executive of Penske Media, owner of Hollywood trade magazine Variety and one of the largest digital media companies in the world. Since its founding 13 years ago, PMC ...
Posted: August 14, 2017, 4:15 pm

Underachievers and giant-killers: Formula E team-by-team review

This is not a poor team all of a sudden, quite the opposite in fact. Jay Penske has assembled some tremendously talented people but so many things just conspired against them this season. Was this related to the integration of Faraday Future in to the ...
Posted: August 14, 2017, 2:29 am
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