Roger Penske Net Worth is$1.4 Billion
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Profession: Racecar driver, Entrepreneur, Businessperson
Date of Birth: Feb 20, 1937
Nicknames: Roger S Penske
Country: United States of America
Roger Penske is the owner of racing team Penske Racing and has a net worth of $1.4 billion. Roger Penske earned his net worth through his career as a race car driver, his ownership of the Penske Racing team, as CEO of Penskes Automotive Group and his operation of a Nascar team, an Indy Racing League Team and others. He was born in Shaker Heights, Ohio, U.S.A.
Roger S. Penske (born February 20, 1937, in Shaker Heights, Ohio) is the owner of the automobile racing team Penske Racing, the Penske Corporation, and other automotive-related businesses. A winning racer in the late 1950s, Penske was named 1961's Sports Car Club of America Driver of the Year by Sports Illustrated. After retiring from driving a few years later, he created one of the most successful teams in IndyCar Series and NASCAR racing.
He also is one of the corporate directors at General Electric and was chairman of Super Bowl XL in Detroit, Michigan. He was previously on the board of Home Depot and Delphi Automotive before resigning to chair the Detroit Super Bowl Committee. He has an estimated net worth of $1.4 billion. He is a 1959 graduate of Lehigh University in Pennsylvania, where he was also a member of the Phi Gamma Delta fraternity.
Penske's father was a corporate executive for a metal fabrication company and encouraged his son to become an entrepreneur. As a teenager he bought older cars, repaired them and sold them at a profit from his family's home in Cleveland, Ohio. In 10 years, Penske raced and sold about 32 cars.
Starting in 1958, Penske purchased, raced and sold race cars, and was very successful both financially and on the track. Penske made his first professional racing start at the now-abandoned Marlboro Motor Raceway in Upper Marlboro, Maryland.
By 1960, he was a well-known race car driver (Sports Illustrated SCCA Driver of the Year), winning prestigious races until 1965, when he retired as a driver, to concentrate on his first Chevrolet dealership in Philadelphia, PA. He subsequently began his now famous Penske Racing in 1965, as well. Interestingly enough, although Penske competed in two Formula One Grands Prix, and won a NASCAR Pacific Coast Late Model race at Riverside in 1963, he never ran the Indy 500. In fact, he was offered a rookie test at Indianapolis, but turned it down for business reasons. Rookie Mario Andretti step

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Roger Penske Latest News

Second chances - Montoya returns to the Brickyard

Juan Pablo Montoya and Team Penske have unfinished business at Indianapolis. Roger Penske will have the deck stacked at Indianapolis Motor Speedway this weekend. Not only will his Sprint Cup drivers Brad Keselowski and Joey Logano represent Team Penske in ...
Posted: July 23, 2014, 1:00 am

Report: Deal for Marcos Ambrose’ return to Australia to race V8 Supercars for Roger Penske may be close

While it’s seemed Marcos Ambrose was a lock to return to Richard Petty Motorsports, especially with all the positive things he’s said about wanting to stay with RPM in recent weeks and months, a report Thursday has Ambrose leaving NASCAR after this ...
Posted: July 24, 2014, 10:02 am

MOTORSPORT: Delay on Penske V8 Supercar move

If no deal can be struck with the Blue Oval, the giant Penske organisation – headed by 77-year-old Roger 'The Captain' Penske – has connections with about 40 other car brands. In IndyCar racing it is with General Motors Chevrolet engines, it won NASCAR ...
Posted: July 23, 2014, 5:25 pm

NASCAR: Joey Logano looking to end Roger Penske's Brickyard 400 drought

INDIANAPOLIS — Team Penske’s resume is loaded with successes, including 15 Indy 500 victories, a Daytona 500 win and 12 IndyCar season titles and the 2012 NASCAR Sprint Cup Series championship. One major race victory has eluded Roger Penske, however.
Posted: July 23, 2014, 9:55 pm

Curt Cavin: Team Penske in great shape for IndyCar title

(Jim, Indianapolis) Answer: I'm starting to think it's a Team Penske championship (the first since 2006) by default. RHR and Simon Pagenaud continue to have bad luck and poor finishes. I thought the look on Roger Penske's face during that late-race TV ...
Posted: July 22, 2014, 7:04 am
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