Gerald Forsythe Net Worth is$600 Million
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Country: United States of America
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

Cosworth Offered For Sale

Late 2004, a deal was finalised between Ford and Champ Car World Series owners Gerald Forsythe and Kevin Kalkhoven. Forsythe and Kalkhoven have since steered the company through the loss of it’s Formula 1 engine contracts with Toro Rosso and Williams ...
Posted: October 18, 2012, 7:02 pm

Forsythe’s firm buys Garland Resort

A Boyne Resorts spokeswoman said her company will have no involvement in Garland Resort. In a press release, New Frontiers chairman Gerald Forsythe described Garland as a “hidden gem.” Forsythe is chairman and CEO of both Indeck Power Equipment Co ...
Posted: August 23, 2009, 5:00 pm

How to get Long Beach Grand Prix tickets, free events and more you need to know

Driver Dario Franchitti and race team owners Gerald Forsythe and Kevin Kalkhoven will be inducted. At 6:30 p.m., the Thunder Thursday party starts on Pine Avenue and Broadway with motorcycle stunts, autograph sessions, IndyCar Series pit stop ...
Posted: April 4, 2014, 7:22 am
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