As the founder and chairman of Penske Corporation, Roger Penske is a legendary figure in American business and motorsport. With championship-winning teams in both NASCAR and IndyCar, Penske, a former race car driver now a powerful team owner, has created one of the most prosperous racing organizations in history. Outside the racetrack, he is a well-respected businessman with a sizable portfolio spanning the transportation, logistics, and automotive sectors, further confirming his position as one of the most successful and important individuals in business and racing.
Table of Contents
What is Roger Penske’s Net Worth?
What is Roger Penske’s Salary?
Roger Penske’s Career Earnings
A Look at Roger Penske’s College and Professional Career
Roger Penske’s Brand Endorsements
Roger Penske’s Investments and Business Ventures
Roger Penske’s House and Cars
What is Roger Penske’s Net Worth?
As of 2025, Roger Penske’s estimated net worth is $5.97 billion. His vast participation in the automotive and motorsports sectors, which includes owning Penske Corporation, Penske Automotive Group, and Team Penske, is the source of this large fortune.
What is Roger Penske’s salary?
In the most recent year, Roger Penske, the Chairman and CEO of Penske Automotive Group, received remuneration of about $8.78 million. This package consists of a $1.75 million basic salary, $6 million in equity awards, and an extra $1.03 million in compensation for benefits. With a basic salary of $1.6 million and other types of remuneration making up the remaining portion, his total income for the previous year was approximately $7.4 million.
Compensation Component
Amount (USD)
Details
Base Salary
$1,750,000
Fixed annual salary
Equity Awards
$6,000,000
Performance-based stock and incentive grants
Other Compensation
$1,030,000
Includes benefits, perks, and retirement contributions
Total Compensation
$8,780,000
Total for the most recently reported year
Notably, Penske’s interests are aligned with the company’s success because a sizeable amount of his income is linked to equity and performance-based incentives.
Roger Penske’s Career Earnings
Year
Base Salary
Stock Awards
Other Compensation
2024
$1,750,000
$6,000,000
$1,027,453
2023
$1,600,000
$5,000,000
$828,439
2022
$1,600,000
$5,000,000
$700,613
2016
$1,200,000
$5,000,000
$337,331
2015
$1,200,000
$5,000,000
$333,691
2014
$1,200,000
$3,600,000
$380,298
2013
$1,200,000
$3,600,000
$305,569
2012
$1,200,000
$3,500,000
$209,336
2011
$1,200,000
$3,150,000
$114,933
2010
$1,000,000
$2,883,000
$25,000
2007
$750,000
$1,459,063
$25,000
Roger Penske’s College and Professional Care
While studying business administration at Lehigh University, Roger Penske started to establish his legacy. His love of racing was clear even while he was in college.
Penske began his professional career as a race car driver in the 1960s. Among the honors he received was Driver of the Year from Sports Illustrated in 1961. But once he stopped driving in 1965 to concentrate on team ownership and commercial endeavors, his full brilliance became apparent. He established Team Penske, which has become one of the most prosperous organizations in the history of motorsports, taking home multiple NASCAR and IMSA championships in addition to 20 Indianapolis 500s.
Penske went beyond racing to create Penske Corporation, a sizable transportation services business with holdings in logistics, auto dealerships, and truck leasing. Penske Automotive Group became a Fortune 500 firm with a global presence under his leadership.
Roger Penske’s Brand Endorsements
Roger Penske’s brand endorsements demonstrate his strategic commercial acumen and extensive knowledge of both the automotive and motorsports industries.
Shell-Pennzoil supports dozens of events annually and is intricately entwined with Penske’s racing and marketing network. The colorful and recognizable paint jobs featured on INDYCAR vehicles like Josef Newgarden’s are provided by PPG Industries, another legacy partner that has been with Team Penske since the 1980s.
His association with Porsche also extends to international endurance racing, as Team Penske enters top-tier races under the Porsche name in championships such as the WEC and IMSA. Coca-Cola and other brands give their team’s presence more cultural weight by showing up on team assets and liveries at events. Penske views sponsorship as a long-term, win-win partnership that enhances performance both on and off the track, not just a source of income.
Roger Penske’s Investments and Business Ventures
Not only is Roger Penske’s economic empire enormous, but it has been painstakingly constructed over decades of foresight, accuracy, and unwavering determination. What started as a love of automobiles developed into Penske Corporation, a privately held company with holdings in racing, logistics, retail, and other areas of the automotive industry.
Penske has a significant influence on supply chain solutions and commercial fleet management through Penske Truck Leasing and Penske Logistics. With Team Penske, a motorsport powerhouse that rules both NASCAR and INDYCAR, he has established a dynasty in the racing industry. In 2019, he made history by acquiring the Indianapolis Motor Speedway and the whole INDYCAR Series, putting him in charge of open-wheel racing in the United States.
Roger Penske’s House and Cars
Penske has several opulent properties, including residences in famous areas like Michigan and California. While keeping a low profile and out of the spotlight, these homes offer comfort, style, and plenty of space to meet his family’s and his business’s demands.
Penske is a genuine automotive enthusiast in addition to being a successful businessman. He has accumulated a remarkable collection of rare, vintage, and high-performance automobiles throughout the years. In addition to contemporary supercars and luxury vehicles, his collection consists of vintage race cars that represent significant events in the history of motorsports. These vehicles pay homage to the history he has established in the automobile industry, in addition to showcasing his intense passion for engineering and racing.
His private life, which is characterized by a valuable collection of cars and outstanding real estate, demonstrates his lifelong passion for the motor industry. In a nutshell, Roger Penske is not only a prosperous businessman but also a revolutionary who is influencing the direction of racing and the entire automotive sector.
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