Felix Sabates Net Worth is
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FA(C)lix Sabates (Cuba, September 9, 1945) is a Cuban-born entrepreneur and philanthropist living in the United States.
He is currently a partner in Chip Ganassi Racing Teams, which fields teams in the NASCAR Sprint Cup Series (as Chip Ganassi Racing with Felix Sabates), GRAND-AM Rolex Sports Car Series and the IZOD IndyCar Series. Sabates previously owned his own NASCAR team, SABCO Racing, until the end of the 2000 season when Chip Ganassi and Felix Sabates became partners.


Sabates, was the oldest of seven, three boys and four girls. As a youth and growing up in Cuba before Fidel Castro's regime conquered the Island, Felix remembers his fortunate and blessed lifestyle. Sabates' hard-working and prosperous Cuban parents had established great wealth and prestige through wise investing and a variety of businesses which carried their family name. The successful business included Sabates import and export, Sabates jewelry and Sabates optical stores, Sabates insurance, sugar, cattle, service stations and pharmacies. Suddenly, at the age of 15, everything changed when Fidel Castro and his guerillas seized government control, establishing a communist dictatorship still in existence today. The family businesses were seized by the government and they lost all of their personal possessions to the hands of Fidel Castro.
After being stripped of their wealth, their assets confiscated and faced with the struggles of Communism, the Sabates family slowly migrated to the United States. The effects of Castro's new imposed laws of forbidding Cubans from leaving communism; forced the family to strategically and intelligently escape the Castro regime at different times. At age 15, Felix was the first member of the family to enter The United States. Soon after his arrival; he was reunited by his mother and six young brothers and sisters.
Forbidden to leave the country, it was many years later before Dr. Sabates Sr. was allowed to join his exiled family in America. Res

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Felix Sabates Latest News

NASCAR'S Brian France not to blame for series' downturn, team owner says

Felix Sabates has had at least partial ownership of a top-level NASCAR team since 1989. He defended France to The Associated Press on Tuesday as "the most loyal friend anyone can have" and said the en...
Posted: August 7, 2018, 3:03 pm

Charlotte Hornets co-owner Felix Sabates hits out at All Star Game move

Hornets co-owner Felix Sabates has blasted the NBA’s decision to move the 2017 All Star Game out of Charlotte, North Carolina due to its objections to a state law decried as discriminatory against the ...
Posted: July 22, 2016, 11:57 pm

Hornets co-owner hits out at All Star Game move

(Reuters) - Hornets co-owner Felix Sabates has blasted the NBA’s decision to move the 2017 All Star Game out of Charlotte, North Carolina due to its objections to a state law decried as discriminatory ...
Posted: July 22, 2016, 9:22 pm
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