Roger Penske

$6.90 B

Ranked #554 in World

About Roger Penske

Roger Penske, a retired American racing icon born on February 20, 1937, in Ohio, helms the multifaceted Penske Corporation as its founder and chairman. This automotive magnate, who grew up repairing and selling cars, accelerated his legacy to include owning Team Penske, the prestigious Indianapolis Motor Speedway and multiple auto racing entities. Penske, with an illustrious career fostering champions in NASCAR and IndyCar, added to his portfolio by acquiring strategic racing assets since 2019. Boasting an array of honors, including a Presidential Medal of Freedom and an estimated $3.8 billion net worth as of October 2023, Penske's impact on motorsports is unparalleled. Penske Corporation's reach extends through automotive enterprises and leasing services, crescendoing under his helm as an acclaimed corporate leader and revered car collector.

Born

February 20, 1937 in Shaker Heights, Ohio, U.S.

Age

89 years

Source Of Wealth

Cars

Industries

Automotive

Citizenship

United States

Residence

Birmingham, Michigan

Education

Drop Out, Lehigh University

Roger Penske was born on February 20, 1937, in Shaker Heights, Ohio. His father, Jay, was a successful corporate executive who encouraged his son to become an entrepreneur. As a teenager, Penske bought, repaired, and sold older cars from his family's home. He graduated from Shaker Heights High School in 1955 and went on to study at Lehigh University, where he was a member of the Phi Gamma Delta fraternity. He graduated in 1959.

Roger Penske: Family

Penske has been married twice and has five children. He is an avid car collector and owns rare American and European automobiles.

Roger Penske: Career Highlights

Penske's career in auto racing began in hillclimbing and road course racing in Porsches. He made his professional racing debut at Marlboro Motor Raceway in Upper Marlboro, Maryland. In 1961, he was named Sports Car Club of America Driver of the Year by Sports Illustrated. Penske competed in two Formula One Grands Prix and won a NASCAR Pacific Coast Late Model race at Riverside in 1963. He retired from driving in 1965 to focus on his first Chevrolet dealership in Philadelphia, Pennsylvania.

Roger Penske: Companies

Penske is the founder and chairman of Penske Corporation, a holding company for various businesses. Holdings include Penske Automotive Group, Penske Truck Leasing, and Penske Motor Group. In 2019, Penske acquired Indianapolis Motor Speedway, the Indianapolis 500-mile race, and IndyCar from Hulman & Company.

Roger Penske: Major Achievements

Penske has won multiple races and championships in various racing series. As an owner, he has won six NASCAR Xfinity Series Championships, six IndyCar Series Championships, four NASCAR Cup Series Championships, 19 Indianapolis 500 races, three Daytona 500 races, and the 2024 24 Hours of Daytona.

Roger Penske: Awards & Achievements

Penske has received numerous awards and honors in auto racing, including induction into multiple Halls of Fame, such as the Motorsports Hall of Fame of America, the International Motorsports Hall of Fame, the Indianapolis Motor Speedway Hall of Fame, the Automotive Hall of Fame, the Sports Car Club of America (SCCA) Hall of Fame, and the NASCAR Hall of Fame.

He is also the recipient of the Presidential Medal of Freedom.

Roger Penske: Personal Life & Legacy

Penske is known for his philanthropic efforts and has served on the boards of Delphi Automotive, General Electric, and The Home Depot. He has an estimated net worth of $3.8 billion as of October 2023.

Roger Penske: Trivia

Penske Racing donated to Mitt Romney's Super PAC. He was considered as a potential candidate for Mayor of Detroit but declined to run. Penske endorsed Donald Trump in the 2020 United States presidential election.

Wealth History

Timeline

February 20, 1937

Roger Penske is born in Shaker Heights, Ohio.

1955

Graduates from Shaker Heights High School.

1959

Graduates from Lehigh University, where he was a member of Phi Gamma Delta fraternity.

1961

Named Sports Car Club of America Driver of the Year by Sports Illustrated.

1963

Competes in two Formula One Grands Prix and wins a NASCAR Pacific Coast Late Model race at Riverside.

1965

Retires from driving to focus on his first Chevrolet dealership in Philadelphia, Pennsylvania.

1966

Penske Racing debuts at the 24 Hours of Daytona after Penske's retirement from racing.

1969

First competed in the Indianapolis 500.

1972

Wins the Indianapolis 500 with driver Mark Donohue.

1973

First NASCAR win.

1977

Closes European-based Formula One business.

2019

Acquires Indianapolis Motor Speedway, Indianapolis 500-mile race, and IndyCar from Hulman & Company.

2023

Estimated net worth of $3.8 billion.

2024

Wins the 24 Hours of Daytona as owner.

Roger Penske : FAQs

What is Roger Penske's current net worth?

Roger Penske's current net worth is $6.90 billion.

What is Roger Penske's current global rank among billionaires?

Roger Penske holds the 554th position globally among billionaires.

What is Roger Penske's current ranking within the United States?

Roger Penske holds the 222nd position in United States.

What was the change in Roger Penske's net worth compared to the previous year?

Roger Penske's net worth decreased by 836.81 million dollars compared to the previous year 2025, when his net worth was 7.73 billion dollars.

What is the recent change in Roger Penske's net worth?

Roger Penske's net worth decreased by 5.27 million dollars recently, a 0.08% decrease, with his net worth standing at 6.90 billion dollars.

What are Roger Penske's main sources of wealth?

Roger Penske's main source of income comes from Cars.

In which industry does Roger Penske primarily operate?

Roger Penske is primarily involved in the Automotive industry.

What is Roger Penske educational background?

Roger Penske is a dropout from Lehigh University.

How old is Roger Penske?

Roger Penske is 89 years old.

How many children does Roger Penske have?

Roger Penske has 5 children.

Who is Roger Penske and what is his contribution to auto racing?

Roger Penske, born on February 20, 1937, in Shaker Heights, Ohio, is a retired American professional auto racing driver and entrepreneur, known for his ownership of Team Penske, Indianapolis Motor Speedway, and IndyCar. He's the founder and chairman of Penske Corporation and a celebrated figure in the racing industry for his multiple business ventures and team successes.

How did Roger Penske start his career and who inspired him?

Roger Penske grew up in Shaker Heights, Ohio, where he developed a passion for cars and entrepreneurship. Inspired by his father Jay, a successful executive, he started by buying, repairing, and selling old cars during his teenage years. His early engagement with cars set the stage for his future in racing and his business empire.

What milestones mark Roger Penske's racing career?

Roger Penske's racing career is illustrious, beginning with climbing and road course races in Porsches. After debuting professionally at Marlboro Motor Raceway, he was the 1961 Sports Car Club of America Driver of the Year, raced in Formula One, and won a NASCAR Pacific Coast Late Model race. He retired from driving in 1965 to focus on building his business, leading to a notable shift when Mario Andretti took the rookie test he declined.

What is the scope of Penske Corporation and Roger Penske's business achievements?

As the Chairman of Penske Corporation, based in Bloomfield Hills, Michigan, Roger Penske oversees an array of businesses including Penske Automotive Group and Penske Truck Leasing. His notable business accomplishments include acquiring Indianapolis Motor Speedway, as well as the coveted Indianapolis 500-mile race and IndyCar in 2019.

What are some of Roger Penske's awards and political involvements?

Roger Penske's awards are numerous, including many as an owner in auto racing like 19-time Indianapolis 500 winner and inductee into multiple Halls of Fame. In his political activities, Penske Racing has supported Mitt Romney and he endorsed Donald Trump in the 2020 election. Despite political affiliations, he chose not to run for Mayor of Detroit but remains an influential figure in both the business and political realms.