Jay Penske Net Worth is$60 Million
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Profession: Businessperson
Country: United States of America
Jay Penske is a California-born entrepreneur with an estimated net worth of $60 million dollars. The founder, Chairman, and CEO of MMC, a digital media and publishing company, Jay Penkse also founded other companies focused on youth mobile products, online mail, and rare books. He is also the co-owner of an Indy Car team.
Jay Penske is an American media and publishing entrepreneur, born in New York City and currently based in Los Angeles.
Penske is the youngest son of Roger Penske. Penske went to high school at St. Mary's Preparatory. At St. Mary's, Penske was named All-League, All-State, All-American, and Player of the Year by USA Today in Lacrosse. Penske also played hockey and earned All-Region and All-State honors. In 1997 he set the school records for the most goals, assists, and total points in lacrosse in the school's history.
He graduated from the University of Pennsylvania's Wharton School of Business with a Bachelors of Science in Finance and Management of Information Systems. Penske is on the board of the Entrepreneurial School at the Wharton School as of 2007, and is also a member of the University of Pennsylvania Library's Board of Directors.
Penske is the founder, Chairman and CEO of ("PMC"). PMC is a digital media and publishing company that owns and operates: Deadline.com, MovieLine.com, OnCars.com, HollywoodLife.com, Fan.com, TVline.com, BGR.com and MailTimes. Penske was also formerly the founder and CEO of Mail.com, the email and portal service which PMC sold to the German media company United Internet for an amount between EUR50-EUR100Million in September 2010. In addition he also cofounded and was Chairman of Firefly Mobile, Inc., a wireless company that developed the Firefly mobile phone for children, and other youth targeted mobile products. Penske also owns Dragon Books, Ltd., a Los Angeles based bookstore which sells rare and collectible books. Penske was recently added to VanityFair's New Establishment list for 2009, and in 2010 Vanity Fair named Penske one of the 10 best dressed men in the world in their "2010 International Best-Dressed List".
Penske additionally owns a racing team with Steve Luczo, the Chairman of Seagate Technologies. Luczo Dragon Racing's won the IndyCar 2009 won rookie of the year honors with driver Raphael Matos. The team na

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Jay Penske Latest News

Penske heir, 33, announces engagement to 43-year-old former Victoria's Secret model Elaine Irwin - ex-wife of John Mellencamp

Jay Penske, the racing heir and media mogul, has announced he is engaged to Nineties supermodel Elaine Irwin. The 33-year-old son of auto magnate Roger Penske, looks set to marry the 43-year-old, who once walked the runway for Victoria's Secret ...
Posted: January 21, 2013, 3:56 am

The fight over the First Baptist Church of Venice

Jay Penske wants to convert the church into a residential compound with a rooftop deck, attached four-car garage, and three residential lots. By Jennifer Swann Nearly everyone gathered outside the boarded-up First Baptist Church of Venice has grown up in ...
Posted: December 16, 2017, 11:09 am

Dustin Hoffman accused of exposing himself to a minor

In a letter to media company owner Jay Penske, Hoffman's attorney Mark A. Neubauer of Carlton Fields Jordan Burt called the accusations against the actor 'defamatory falsehoods'. Thomas didn't share the story of her encounter with Hoffman until seven years ...
Posted: December 15, 2017, 3:03 am
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