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

Roger Penske muses on driving pace auto for 100th Indy 500

Unfortunately, the star support did little to help Marco secure pole position - he finished 13th, as 24-year-old Alexander Rossi became the first rookie to win the Indianapolis 500 since Helio Castroneves in 2001. "Everywhere we went, there were race fans ...
Posted: May 30, 2016, 1:41 pm

Roger Penske will look to make history once again in the Indianapolis 500

At a race track that has made giants of mortal men for more than a century, no one has ever stood taller than Roger Penske. And on Sunday, in the 100 th running of the Indianapolis 500, Penske will look to make history once again. The afternoon will begin ...
Posted: May 29, 2016, 11:34 am

Team owner Roger Penske knows way to Indy's Victory Lane well

INDIANAPOLIS — For today’s 100th running of the Indianapolis 500, Roger Penske — by far the dominant team owner at the race — will do something he has never done: He will lead a lap. Actually, it will be the pace lap. “It was a real honor and ...
Posted: May 29, 2016, 4:12 am

Dismal day at Indy 500 for Roger Penske

Indianapolis — Roger Penske was optimistic the 100th running of the Indianapolis 500 would be one to remember. Well, he’ll remember it. For all the wrong reasons. Defending race winner Juan Pablo Montoya lost control and crashed in Turn 2. Will Power ...
Posted: May 29, 2016, 10:14 pm

Rookie Alexander Rossi wins the 100th running of the Indianapolis 500

Roger Penske, the famed Team Penske owner, entered Sunday searching for his 17th Indianapolis 500 win and is the auto owner for those three pre-race favorites and three-time victor Castroneves. Pole-sitter James Hinchcliffe, making a comeback since being ...
Posted: May 30, 2016, 11:20 pm
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