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

Logano wins at Talladega to advance in playoffs

Having four drivers, from the same team, still in the playoffs led winning car owner Roger Penske to poke the Toyota camp on the stakes. "They've got more to lose than I do, I guess," Penske said. "They've got four." UP NEXT: The opening race of the third ...
Posted: October 24, 2016, 3:05 am

JGR juggernaut’s toughest challenges could come from within

Logano’s car owner, Roger Penske, isn’t worried about facing all four Gibbs cars with just one car left in the Chase. “They’re going to be fighting each other, which is important,’’ Penske told NBC Sports. “Quite honestly, how do you keep all ...
Posted: October 24, 2016, 1:54 pm

Roger Penske's hope of capping 50th anniversary with Cup title still alive

TALLADEGA, Ala. – Roger Penske reached the Verizon IndyCar Series final at Sonoma Raceway assured of a 14th open-wheel championship. Only points leader and eventual champion Simon Pagenaud and second-place Will Power were mathematically viable and they ...
Posted: October 24, 2016, 7:30 am

Roger Penske celebrates another title; adds another star

INDIANAPOLIS -- It was quite a week for Roger Penske's Indy car team. Last Tuesday evening, the majority of Team Penske was at the Hilbert Circle Theater in Indianapolis as Simon Pagenaud, Will Power and Helio Castroneves were presented trophies and checks ...
Posted: October 10, 2016, 11:04 am

Joey Logano wins at Talladega, advances in Chase

"It's new life for us. We're on house money at this point." "The good news is you don't have four people that you're trying to work with as you go into the Chase," team owner Roger Penske said. "We can put all of our efforts on one car and Joey, and of ...
Posted: October 24, 2016, 8:51 am
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