Leonard Wood Brothers Racing Net Worth (Updated 2026).

Leonard Wood Brothers Racing, a name synonymously linked with American motorsports, traces its roots back to the early 1950s when Leonard Wood, a visionary mechanic, and his two brothers, Glen and Ray, decided to turn their passion for racing into a professional venture. The trio, hailing from the small town of Stuart, Virginia, started out in the humble garage of their family home, tinkering with engines and building race cars from scratch.

Their big break came in 1959 when they entered the NASCAR Grand National Series with a self-built car. The Wood Brothers, with their unique approach to racing – a blend of innovation, determination, and good old-fashioned Southern charm – quickly made a name for themselves. Their distinctive blue and white cars, adorned with the iconic “Pilgrim” logo, became a familiar sight on racetracks across the country.

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Leonard Wood Brothers Racing’s Current Net Worth (2025)

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As of 2025, Leonard Wood Brothers Racing’s current net worth is estimated to be around $100 million. This figure reflects the team’s success and growth in the NASCAR Cup Series.

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Career

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Leonard Wood Brothers Racing, established in 1948, has a rich history in NASCAR. The team has won 98 races, including the prestigious Daytona 500 three times. They’ve also claimed the NASCAR Cup Series championship twice, with drivers such as Dale Earnhardt Sr. and David Pearson.

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Other Ventures

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In addition to racing, the Wood Brothers have diversified their business. They own and operate a motorsports museum in Stuart, Virginia, showcasing their team’s history and other racing memorabilia. They also offer driver development programs and have interests in real estate.

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Assets

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The team’s assets include their NASCAR Cup Series charter, race shop facilities in Stuart, Virginia, and a fleet of race cars. They also own valuable intellectual property, such as trademarks and licensing rights. Their museum and real estate properties further contribute to their asset portfolio.

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Annual Income

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Leonard Wood Brothers Racing’s annual income is primarily derived from sponsorships, team owner points, and prize money from NASCAR races. In 2024, their estimated annual income was around $25 million. This can vary year to year based on team performance and sponsorship deals.

Frequently Asked Questions about  Leonard Wood Brothers Racing

Frequently Asked Questions: Leonard Wood Brothers Racing Net Worth

1. What is the net worth of Leonard Wood Brothers Racing?

The latest estimated net worth of Leonard Wood Brothers Racing is $50 million.

2. Who are the owners of Leonard Wood Brothers Racing?

The team is co-owned by Leonard Wood and his brother, Eddie Wood.

3. When was Leonard Wood Brothers Racing established?

The team was established in 1950 by Glen Wood and his brother, Leonard Wood.

4. How many NASCAR Cup Series championships have Leonard Wood Brothers Racing won?

As of 2021, the team has won 3 NASCAR Cup Series championships.

5. Which drivers have won championships with Leonard Wood Brothers Racing?

Dale Earnhardt Sr. won two championships (1987, 1990) and Jeff Gordon won one (1998) with the team.

6. What is the team’s car number in the NASCAR Cup Series?

The team currently uses the car number 21.

7. Which manufacturer does Leonard Wood Brothers Racing use?

The team uses Ford vehicles.

8. How many races has Leonard Wood Brothers Racing won in the NASCAR Cup Series?

As of 2021, the team has won a total of 99 NASCAR Cup Series races.

9. Where is the team’s headquarters located?

The team’s headquarters is in Stuart, Virginia.

10. What is the team’s philosophy or mission statement?

The team’s philosophy is to “win races and championships with integrity and class.”