Gerald Forsythe Net Worth is$600 Million
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Gerald Forsythe is an American auto-racing businessman with a net worth of $600 million. Gerald Forsythe gained his net worth by being one of three men who owned the Champ Car World Series and by owning his own racing team called Forsythe Championship Racing. Born in Marshall, Illinois, Forsythe began his career by being a car owner in 1983.
Gerald (Gerry) Forsythe (born in Marshall, Illinois) is an American businessman and auto racing magnate, best known for being one of the three men (Kevin Kalkhoven and Paul Gentilozzi are the other two) that owned the Champ Car World Series. Forsythe also owns a racing team, Forsythe Championship Racing, that competed in the Champ Car series.
Forsythe began his career as a car owner in 1983. His team, Forsythe Racing, fielded an entry for Italian rookie Teo Fabi in the CART PPG Indy Car World series. Fabi made an impressive showing, winning four races and six poles (including that for the Indianapolis 500) and finishing second in the series points standings. In 1985, Forsythe sold his team in order to concentrate on the development of his other businesses, which are discussed in the "Outside Racing" section below.
In 1993, Forsythe returned to auto racing, teaming with Barry Green to form the Forsythe/Green Racing team in the Toyota Atlantic Championship (a developmental series for the CART PPG Indy Car World series). Backed by Canadian tobacco company Player's, Ltd., the team's two drivers, Canadians Claude Bourbonnais and future Formula One World champion Jacques Villeneuve, finished second and third in the points standings, respectively. In 1994, the team graduated to the CART PPG Indy Car World series, with Villeneuve behind the wheel. The French-Canadian had an immensely successful season, winning Rookie of the Year honours.
In 1995, Forsythe returned to full ownership of a race team and retained Player's as his sponsor. At the end of that season, he opted to join Championship Auto Racing Teams (CART) over Tony George's Indy Racing League when the IndyCar series split as a result of a bitter dispute between George and CART executives. Since that time, several notable drivers (mostly Canadians) have driven for him, including Greg Moore, Patrick Carpentier, Alex Tagliani and, most recently, Paul Tracy. The team had the most successful season in its histo

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Gerald Forsythe Latest News

Deer Creek residents, city of Onalaska oppose bridge

The 705 square feet of sidewalk will be added on the property of Gerald Forsythe, who will be asked to chip in in a little over $4,000 to have the project completed, per the city exercising its police power. The topic had a public hearing at the meeting ...
Posted: August 2, 2017, 3:00 am

Can Forsythe family bring Long Grove back to glory days?

Now, the future of Long Grove appears to rest heavily on the Forsythe family, which has quietly bought 17 buildings -- or about one-third of the downtown. The village's leaders see promise in patriarch Gerald Forsythe, an auto racing mogul whose Buffalo ...
Posted: October 20, 2014, 10:37 pm

Resorts, vineyards reaching new frontiers with Rochester Hills firm

New Frontiers Capital, a Rochester Hills-based private equity firm has quietly assembled ... The principal investor in New Frontiers is Gerald Forsythe, the chief shareholder in and chairman of the Indeck Companies, which develops, owns and operates ...
Posted: September 1, 2011, 5:01 pm
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