Roger Penske, often referred to as “The Captain,” began his career in the automotive industry in the early 1960s. Born into a family with a strong automotive background, Penske started working at his father’s Chevrolet dealership in Shavertown, Pennsylvania, at the age of 15. He quickly demonstrated his entrepreneurial spirit and passion for cars, which would become the foundation of his successful career.

In 1961, Penske took a leap of faith and opened his own race car driving school in Philadelphia. This move marked the beginning of his journey into the world of motorsports. He soon caught the attention of the racing community with his exceptional driving skills and business acumen. In 1966, Penske formed his own racing team, Penske Racing, which would go on to become one of the most successful teams in the history of auto racing.

Roger Penske’s Current Net Worth

As of 2025, Roger Penske’s current net worth is estimated to be around $2.1 billion, according to Forbes. This makes him one of the wealthiest individuals in the motorsports industry.

Roger Penske’s Career

Roger Penske, often referred to as “The Captain,” is a renowned American business magnate and former race car driver. He founded Penske Corporation, a global transportation services company, in 1969. Penske is also the founder of Team Penske, one of the most successful motorsports teams in the world, with numerous wins in IndyCar, NASCAR, and IMSA series.

Roger Penske’s Other Ventures

Besides Penske Corporation and Team Penske, Roger Penske’s business portfolio includes ownership of the Indianapolis Motor Speedway and the NTT IndyCar Series. He also has interests in automotive retail, truck leasing, and logistics. Additionally, Penske is a philanthropist, supporting various educational and community initiatives.

Roger Penske’s Assets

Penske’s assets include a significant stake in Penske Automotive Group, which operates over 500 retail automotive franchises worldwide. He also owns a substantial portfolio of commercial real estate and equity investments. His motorsports-related assets include race tracks, racing teams, and valuable intellectual property rights.

Roger Penske’s Annual Income

Roger Penske’s annual income is primarily derived from his ownership in Penske Corporation and Penske Automotive Group. His motorsports ventures also contribute significantly to his earnings. However, the exact figure is not publicly disclosed due to the private nature of his businesses. According to Forbes, his net worth has been steadily increasing over the years, indicating a substantial annual income.

Frequently Asked Questions about  Roger Penske

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Frequently Asked Questions: Roger Penske Net Worth

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1. What is Roger Penske’s net worth?

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Roger Penske’s net worth is estimated to be around $2.2 billion.

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2. How did Roger Penske make his money?

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Roger Penske made his fortune through his business career, primarily as the founder and chairman of Penske Corporation, a global transportation services company. He is also known for his success in motorsports, owning the Penske Racing team.

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3. What is Penske Corporation?

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Penske Corporation is a global transportation services company that Roger Penske founded in 1969. It operates in various sectors, including truck leasing, transportation logistics, and automotive retail.

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4. How successful is Penske Racing?

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Penske Racing, founded in 1960, has been one of the most successful teams in motorsports history. It has won numerous races and championships in various series, including IndyCar, NASCAR, and sports car racing.

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5. Who is Roger Penske’s wife?

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Roger Penske’s wife is Kathy Penske. They have been married since 1961 and have two children together.

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6. What is Roger Penske’s age?

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Roger Penske was born on February 20, 1937, making him 85 years old.

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7. How did Roger Penske get started in business?

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Roger Penske started his business career in the 1960s, working for a truck dealership. He then founded his own truck leasing company, which eventually grew into Penske Corporation.

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8. What is Roger Penske’s education background?

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Roger Penske graduated from the University of Michigan with a Bachelor of Business Administration degree in 1959.

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9. What is Roger Penske’s involvement in philanthropy?

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Roger Penske and his wife Kathy are involved in various philanthropic activities, supporting causes such as education, healthcare, and community development. They have established the Penske Corporation Foundation to support these causes.

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10. What are some of Roger Penske’s awards and recognitions?

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Roger Penske has received numerous awards and recognitions for his business and motorsports achievements, including the Automotive Hall of Fame, the International Motorsports Hall of Fame, and the Time Magazine “100 Most Influential People” list in 2009.