Steve Phelps Net Worth (Updated 2025).

Steve Phelps began his career in the sports broadcasting industry in the late 1990s, working behind the scenes at ESPN. Starting as a production assistant, he quickly showed his dedication and talent, rising through the ranks to become a producer for various high-profile events, including Monday Night Football and the Little League World Series. His hard work and passion for sports didn’t go unnoticed, and it wasn’t long before he was making a name for himself in the industry.

In 2004, Phelps made a significant career move when he joined NASCAR as their vice president of communications. This role allowed him to leverage his production and communication skills to enhance NASCAR’s media presence. He played a pivotal role in the launch of NASCAR on NBC, which significantly increased the sport’s viewership and popularity. Phelps’ innovative approach to sports broadcasting, combined with his deep understanding of NASCAR, catapulted him to fame in the sports world.

Steve Phelps’ Current Net Worth (2025)

As of 2025, Steve Phelps’ net worth is estimated to be around $100 million. This significant wealth accumulation is primarily attributed to his successful career in the automotive industry, particularly his role as the President of NASCAR.

Career

Steve Phelps began his career in the sports industry, working for the National Football League (NFL) and the National Basketball Association (NBA). In 2005, he joined NASCAR, rising through the ranks to become the Executive Vice President and Chief Operating Officer in 2018. In 2019, he was promoted to the role of President, where he continues to serve today.

Other Ventures

Besides his role at NASCAR, Phelps has also ventured into entrepreneurship. He co-founded Race Team Alliance, a group that aims to enhance the competitive environment in NASCAR. Additionally, he has served on the board of directors for various sports organizations, including the United States Olympic & Paralympic Foundation.

Assets

Phelps’ assets include a luxurious home in Charlotte, North Carolina, valued at around $2 million. He also owns a collection of high-end vehicles, including several classic cars. His portfolio likely includes investments in stocks and bonds, contributing to his overall net worth.

Annual Income

As the President of NASCAR, Phelps’ annual salary is estimated to be around $5 million. This figure is subject to change and may not include additional compensation such as bonuses or stock options. His annual income also includes earnings from his other ventures and investments.

Frequently Asked Questions about  Steve Phelps

Frequently Asked Questions: Steve Phelps Net Worth

1. What is Steve Phelps’ net worth?

Steve Phelps’ net worth is estimated to be around $100 million.

2. How did Steve Phelps make his fortune?

Steve Phelps made his fortune primarily through his career in motorsports, serving as the President of NASCAR from 2018 to 2022. He also has interests in various business ventures.

3. What is Steve Phelps’ background?

Steve Phelps graduated from the University of Virginia with a degree in economics. He began his career in the sports industry and has held various executive positions before joining NASCAR.

4. What are some of the companies Steve Phelps has worked for?

Before joining NASCAR, Steve Phelps worked for companies like NBC Sports, the National Football League (NFL), and the National Basketball Association (NBA).

5. What is Steve Phelps’ role in NASCAR?

Steve Phelps served as the President of NASCAR from 2018 to 2022. In this role, he oversaw the day-to-day business operations of the organization.

6. What is Steve Phelps’ current role in NASCAR?

As of now, Steve Phelps is not serving in an active role within NASCAR. He stepped down from his position as President in 2022.

7. What is Steve Phelps’ involvement in philanthropy?

Steve Phelps has been involved in various philanthropic efforts, including supporting the NASCAR Foundation, which aims to improve the lives of children through the sport of NASCAR.

8. What is Steve Phelps’ investment portfolio like?

Steve Phelps’ investment portfolio is not publicly disclosed. However, it is known to include interests in various business ventures and real estate.

9. How much does Steve Phelps earn annually?

The exact figure of Steve Phelps’ annual earnings is not publicly disclosed. However, as the President of NASCAR, his salary was reported to be around $5 million per year.

10. What are some of Steve Phelps’ hobbies and interests?

Steve Phelps is known to be an avid sports fan and enjoys golfing in his free time. He is also a car enthusiast and has a collection of classic cars.