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

No matter what, it's a Penske title

each Penske driver is focused only on doing what they need to do Sunday to lock down the title. No matter the final outcome, it’s a win for Roger Penske in the 50th anniversary of the Penske race teams. “I think it’s a good situation, a great ...
Posted: September 16, 2016, 9:30 pm

Team Penske's next goal is second NASCAR Sprint Cup championship

The 2016 season is the 50th for Team Penske, and owner Roger Penske already has had plenty of reason to celebrate. Last Sunday, Penske drivers finished 1-2-3 in the IndyCar championship final standings, with Simon Pagenaud winning the title and teammates ...
Posted: September 24, 2016, 6:27 am

Billionaire Racing Team Owner Roger Penske Selling Michigan Mansion

Billionaire NASCAR and IndyCar team owner Roger Penske is selling his home in Birmingham, MI, a posh Detroit suburb, for $2.5 million. The 4,607-square-foot, two-story Colonial was custom-built in 2001 and features four bedrooms, heated driveway and ...
Posted: September 27, 2016, 12:37 pm

IN THE PITS: Penske dominates season of promise for IndyCar

SONOMA, Calif. (AP) — It was the year of Roger Penske in IndyCar. No team came close to stopping Team Penske’s march to the top of the standings. When the checkered flag fell Sunday on the 2016 season, Penske drivers celebrated with their 10th victory ...
Posted: September 20, 2016, 1:46 pm

A battle for Bathurst

Sixth at Sandown and fourth at Bathurst last year, but team owner Roger Penske will be expecting a much better result from the combination, and nothing short of a podium finish will suffice. The team has all the ingredients to make it happen, so it’s now ...
Posted: September 28, 2016, 5:40 pm
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