Roger Penske Net Worth is$1.4 Billion
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Profession: Racecar driver, Entrepreneur, Businessperson
Date of Birth: Feb 20, 1937
Nicknames: Roger S Penske
Country: United States of America
Roger Penske is the owner of racing team Penske Racing and has a net worth of $1.4 billion. Roger Penske earned his net worth through his career as a race car driver, his ownership of the Penske Racing team, as CEO of Penskes Automotive Group and his operation of a Nascar team, an Indy Racing League Team and others. He was born in Shaker Heights, Ohio, U.S.A.
Roger S. Penske (born February 20, 1937, in Shaker Heights, Ohio) is the owner of the automobile racing team Penske Racing, the Penske Corporation, and other automotive-related businesses. A winning racer in the late 1950s, Penske was named 1961's Sports Car Club of America Driver of the Year by Sports Illustrated. After retiring from driving a few years later, he created one of the most successful teams in IndyCar Series and NASCAR racing.
He also is one of the corporate directors at General Electric and was chairman of Super Bowl XL in Detroit, Michigan. He was previously on the board of Home Depot and Delphi Automotive before resigning to chair the Detroit Super Bowl Committee. He has an estimated net worth of $1.4 billion. He is a 1959 graduate of Lehigh University in Pennsylvania, where he was also a member of the Phi Gamma Delta fraternity.
Penske's father was a corporate executive for a metal fabrication company and encouraged his son to become an entrepreneur. As a teenager he bought older cars, repaired them and sold them at a profit from his family's home in Cleveland, Ohio. In 10 years, Penske raced and sold about 32 cars.
Starting in 1958, Penske purchased, raced and sold race cars, and was very successful both financially and on the track. Penske made his first professional racing start at the now-abandoned Marlboro Motor Raceway in Upper Marlboro, Maryland.
By 1960, he was a well-known race car driver (Sports Illustrated SCCA Driver of the Year), winning prestigious races until 1965, when he retired as a driver, to concentrate on his first Chevrolet dealership in Philadelphia, PA. He subsequently began his now famous Penske Racing in 1965, as well. Interestingly enough, although Penske competed in two Formula One Grands Prix, and won a NASCAR Pacific Coast Late Model race at Riverside in 1963, he never ran the Indy 500. In fact, he was offered a rookie test at Indianapolis, but turned it down for business reasons. Rookie Mario Andretti step

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Roger Penske Latest News

Jay Penske buys Women's Wear Daily

Penske Media, a digital media and publishing company owned by Detroit businesman Roger Penske’s son Jay, agreed Tuesday to buy fashion industry trade publications, including Women's Wear Daily, from Condé Nast. The deal, expected to close in September ...
Posted: August 20, 2014, 1:57 pm

Condé Nast sells Fairchild Fashion Media to Penske Media, takes big loss on its 1999 purchase from Disney

PMC is headquartered in Los Angeles, and is privately owned. Founded in 2003 by Jay Penske, the son of the auto racing owner Roger Penske. The company’s first move was to buy the mail.com domain which is later sold off. In 2009, a year after a $35 ...
Posted: August 20, 2014, 7:28 am

Penske buys Fairchild from Condé Nast

Penske, the son of race car legend Roger Penske, has a growing footprint in print and digital business publications. He had purchased Variety from Reed Elsevier for just over $30 million two years ago and revived the once dominant brand. In 2009 ...
Posted: August 20, 2014, 3:02 am
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