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

Marcos Ambrose anticipating thrilling races against Jamie Whincup after confirming V8 return with DJR-Penske Racing team

Ambrose confirmed he was returning to Australia to win V8 races as he and new business partners Roger Penske and Dick Johnson revealed how their all-new race team would work next year, as first revealed by the Daily Telegraph last December. A day after the ...
Posted: September 16, 2014, 1:30 am

Penske move into V8 Supercars injects life into Dick Johnson Racing

Roger Penske, 77, (left, seen with Penske Racing driver Ryan Briscoe of Australia) is an icon of American racing and a business titan, running a multibillion-dollar automotive and transport empire that spans the globe. Photo: Reuters Leading American team ...
Posted: September 16, 2014, 1:51 am

Roger Penske building on storied career as Chase for the Sprint Cup begins

Joliet, Ill. — Given Roger Penske's success, words like "best" and "greatest" are difficult to use. The 77-year-old has built a group of businesses that make tens of billions of dollars each year and turned a hobby into a diverse motorsports empire that ...
Posted: September 12, 2014, 7:16 pm

MOTORSPORT: Penske takes control of DJR

The arrival of Roger Penske’s motorsport empire in Australia means the end of Dick Johnson’s control of his professional touring car team after 34 years. That was one of a number of significant facts to come out of a media teleconference today to ...
Posted: September 15, 2014, 11:13 pm

DJR Team Penske reveals details of 2015 V8 Supercars assault

Roger Penske, Marcos Ambrose and Dick Johnson have outlined the basic operation that will attack the V8 Supercars Championship next year. Holding a teleconference with Australian and US press this morning, more detail on the team structure, background on t ...
Posted: September 15, 2014, 11:21 pm
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