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

Highlights from the 75th running of the Indianapolis 500

WHAT HAPPENED: Mears joined A.J. Foyt and Al Unser Sr. as three-time race champions by winning for Roger Penske from the pole. It was Mears' record sixth pole and started a comeback from a rocky month in which Mears crashed during practice for the first ...
Posted: May 1, 2016, 5:00 am

Roger Penske Will Drive the 50th Anniversary 2017 Camaro SS at the 100th Indianapolis 500

There are few things more American than apple pie, Chevrolet Camaros, and the Indianapolis 500. Now, eat the apple pie and in its place put American racing legend Roger Penske in the picture, and there you have the 100th running of the Indianapolis 500.
Posted: April 20, 2016, 5:16 pm

M-1 Rail center debut marks milestone for QLINE

Noting that “we never took our hands off the wheel,” facility namesake Roger Penske, who also chairs the M-1 Rail board, described the journey to date and the development potential the streetcar brings to Detroit. The 3.3-mile line, now known as the ...
Posted: May 3, 2016, 2:18 pm

Roger Penske to Drive Camaro SS Pace Car at 100th Indy 500

Roger Penske will lead the 100th Indianapolis 500 presented by PennGrade Motor Oil in a 50th Anniversary Chevrolet Camaro SS; both were confirmed Monday night. This will be the Camaro's ninth year holding pace-car duty at Indy, and Chevrolet's 27th time ...
Posted: April 20, 2016, 9:27 pm

Home of Detroit’s streetcar line unveiled

The Penske Tech Center, named after billionaire and M-1 Rail board chairman Roger Penske for his involvement in the public-private $137 million project, will house the administrative staff and also serve as the operations and maintenance center for the ...
Posted: May 3, 2016, 12:42 pm
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