Net Worth

Rick Hendrick Net Worth

Updated January 2, 2020
3 min read

How much is Rick Hendrick worth? $1 billion

How did Rick Hendrick earn his money and wealth?

Joseph Riddick “Rick” Hendrick III was born in Warrenton, North Carolina (the United States) on July 12, 1949. Hendrick was raised in his family’s farmhouse. At the age of 14, he began Drag Racing in a self-built Chevrolet for which two years later, at the age of 16, he won the Virginia division of the Chrysler-Plymouth Troubleshooting contest. He did this while attending Park View High School in South Hill Virginia. Hendrick considered himself to be a professional Baseball player. Hendrick opened a small used-car lot along with Mike Leith and named it as Hendrick Automotive Group. Leith, a new-established car dealer in Rick’s company was convinced to name it Hendrick as the general sales manager. His company had a revenue of an excess of $3.5 billion in 2009, after selling 100,000 vehicles, which after doing so, Hendrick became the youngest Chevrolet dealer in the United States and he started modeling in the All-Star Racing and took deals under the influence of his team which increased the sale for the once-troubled regions of his country.

Hendrick then founded a drag boat racing team in 1970 that went on to win three consecutive championships. He moved to the NASCAR model Sportsman Series consequently, in which he had one victory with Dale Earnhardt. He is widely considered to be the most successful team owner in NASCAR history by setting the team record of winning 16 Driver’s championships; 296 race wins series and 245 pole positions. In the late 1980s, Hendrick owned the car named Good wrench IMSA GTP Corvette driven by Sarel Van der Merwe. The GTP team was based in a tiny shop on Gasoline Alley in Indiana; the car was actually built by Lola but resembled Corvette models and was powered by GM’s twin-turbo V-6 engine. The team experienced success, and Hendrick currently has 4 full-time drivers in the Monster Energy NASCAR cup series along with Jimmie Johnson and Chase Elliott.

During 1987-1988, Hendrick drove in two races i.e., Winston Cup Series and Busch series (Craftsman Truck Series). Hendrick started the program known as the “Hendrick Marrow Program” in 1997 to support the National Marrow Donor Program. It raised funds to add volunteers to the Be The Match Registry, to find the Marrow match for patients and help the needy. Hendrick and his wife Linda have been honored by the Match Foundation’s Leadership for the Life Award in 1999. The award is bestowed upon citizens who have made a commitment to serving Marrow Transplant patients.

Rick Hendrick turned his passion for driving cars into a winning career; he simultaneously built a very valuable racing group. He worked hard to build an auto empire and raced in four NASCAR races throughout his career. Hendrick formed his own racing team and he was able to do so by making a lot of money in the process. Hendrick Motorsports has won 11 championships and is estimated to be one of the most valuable NASCAR team at $350 million.

On the fateful day of 31st October 2011, Hendrick got involved in a plane crash with his wife and the plane ended up landing long at the Key West International Airport, Florida. Hendrick suffered three broken ribs and fractured clavicle (Collarbone), while Linda suffered minor injuries.

What are the highlights of Rick Hendrick’s motorsports career?

  1. Winston Cup Series (1987-1988)
  2. Busch Series (1987)
  3. SuperTruck Series (1995)
  4. ARCA Permatex SuperCar Series (1991)

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