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

Penske Racing

Shrouded in speculation, since mid-May, Ambrose would join Roger Penske as Penske prepared to enter the V8... Brad Keselowski wins the NASCAR Sprint Cup Series Chase opener at Chicagoland Brad Keselowski, driving the #2 Miller-Lite Ford Fusion, wins the ...
Posted: October 26, 2014, 8:51 pm

Mike Brudenell: Penske excited by honors from auto execs

Motorsports icon Roger Penske has spent years looking through the Henry Ford Museum in Dearborn and adding to its automotive collection. He has been a trustee and important contributor to the historic Dearborn landmark over the period. But on Wednesday ...
Posted: October 23, 2014, 1:47 pm

Owner Roger Penske praises his duo of Brad Keselowski and Joey Logano

For those who might have missed Penske Racing’s dominance, Roger Penske has no problems setting the record straight. “I think when you look at the statistics I think we’ve won four out of the six races in this bracket,” he said, referring to the ...
Posted: October 22, 2014, 3:29 pm

Penske Automotive eyes more growth overseas, retail truck stores

Penske said such businesses are attractive because they provide strong revenue with lower costs. CEO Roger Penske, in an analyst conference call today, said: “When I look at the commercial vehicle business, 70 percent of the total gross profits are from ...
Posted: October 29, 2014, 2:20 pm

Roger Penske has Brad Keselowski's back

Crew chief Paul Wolfe had Brad Keselowski's back last week and showed some strength and fire when he yanked Matt Kenseth off his driver. Keselowski’s car owner showed similar support Sunday, just in a different fashion. Following Keselowski’s win in ...
Posted: October 20, 2014, 11:27 am
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