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Roger Penske Net Worth | What Contributed to His Income?

Roger Penske is a well-known figure within motorsport. He is the founder and chairperson of the Penske corporation and a retired professional racing driver. Who is Roger Penske, and what contributed to his immense income? Let's delve into the facts!

Roger Penske © XPBimages

The net worth of Roger Penske

Roger Penske is a well-known figure in motorsport and a respected businessman. He is a retired racing driver and is best known for owning Team Penske. In addition to his ownership of the Indianapolis Motor Speedway and IndyCar, he is the founder and chairman of the Penske Corporation. This corporation serves as a holding company for his various businesses and has an estimated net worth of $9 billion.

Roger Penske's current estimated net worth is around $3.8 billion. With this immense wealth, he became a member of the Fortune 500 and Russell 2000. His company, Penske Automotive Group, employs 28,000 people and has an estimated revenue of over $29 billion.

The yacht of Roger Penske

Roger Penske owns a yacht called 'Podium' with an estimated worth of $120 million. The vessel is 72 meters long and can reach a speed of 14 knots. Penske's yacht boasts a luxurious design and was purchased in 2014.

Presidential Medal of Freedom recipient

In a prestigious ceremony held in the Oval Office of the White House on October 24, President Donald Trump bestowed upon Roger Penske, the founder and owner of Team Penske, the Presidential Medal of Freedom, the highest civilian honor in the nation. 

What's Roger Penske's age?

Currently Roger Penske is 87 years of age and is born on Febuary 20th 1937. In 2025, Penske will become 88 years old.

The house of Roger Penske

Roger Penske owns a home in Birmingham, Michigan. The 4,607-square-foot, two-story Colonial, constructed in 2001, boasts a custom design and includes four bedrooms. The property features heated driveways and walkways, a gym, a wine room, and a sauna. The master suite offers dual walk-in closets and a marble bathroom. The house comprises 17 rooms, most of which contain custom millwork and built-ins.

The estimated worth of the property is $2.5 million and is currently available for sale.

Roger Penske Yacht © XPBimages

How did Roger Penske make his money?

Roger Penske is a well-known retired racing driver and businessman with a passion for motorsport and cars. In 1969, he bought a car and light-truck rental and leasing business serving eastern Pennsylvania. Through the years, he expanded his company, which now has a net worth estimated at over $9 billion.

How much is Penske company worth?

Penske Automotive Group has an estimated net worth of $9.96 billion as of June 7, 2024.

How many planes does Roger Penske own?

Currently, Roger Penske owns two Gulfstream G280 private jets, which were built in 2018 and each have a list price of $25 million. Throughout his lifetime, he has owned multiple private jets.

Does Roger Penske own the Indy 500?

Roger Penske does own the Indy 500. On November 4th, 2019, Roger Penske bought the Indianapolis Motor Speedway, the Indianapolis 500, and the IndyCar Series from the Hulman-George family. He did this with the goal of securing the future of one of the world's greatest sporting events.

Is Penske a billionaire?

Yes, Roger Penske is a billionaire with a net worth of $3.8 billion dollars.
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