Apart from being a race car driver, NASCAR Hall of Famer Tony Stewart is also a team owner and a businessman. The three-time Cup Series champion is the sole owner of the iconic Eldora Speedway and is a co-owner of Paducah International Raceway and Macon Speedway.
Stewart, a native of Indiana, began his racing career in the open-wheel single-seater category. After mastering the basics of racing in karting, he shifted to the National Midget and USAC Silver Crown Series before entering the Indy Racing League. Winning multiple accolades in IndyCar, Stewart shifted his focus to stock car racing with NASCAR's top national series (Cup, Xfinity, and Truck).
In a career spanning over two decades, Stewart has won three Cup Series championships and has a total of 62 wins and 354 Top 10 finishes. While he retired as a full-time driver in NASCAR, the 53-year-old racer began the journey in the NHRA Top Fuel Dragster racing series in 2024.
Apart from driving race cars, Tony Stewart also managed three racing teams: Tri Star Motorsports (in IRL until 2001), Stewart-Haas Racing (with Gene Haas until 2024), and Tony Stewart Racing (ongoing, USAC midget, Sprint, and Top Fuel cars).
The Indiana-born racer also became a track owner in 2004, after he purchased the iconic Eldora Speedway, a half-mile dirt racing facility, from Earl Baltes. He also became co-owner of Paducah International Raceway in 2006 (alongside Dale Earnhardt Jr., Kenny Schrader, and Bob Sargent) and Macon Speedway in 2007 (with Sargent, Schrader, and Kenny Wallace).
For now, Stewart is focused on the NHRA racing series and has no plans to return to stock car racing anytime soon.
"It's less than half the cost of running a full-time Cup team," When Cup Series legend Tony Stewart highlighted the difference between running a team in NASCAR and NHRA
NASCAR Hall of Famer Tony Stewart ventured into NHRA Top Fuel racing in 2021 with Tony Stewart Racing. During an interview with Forbes, the former owner of Stewart-Haas Racing highlighted the difference between running a team in NASCAR and NHRA.
"Well, it's a lot smaller operation, obviously, as far as personnel that it takes to do it all. That's probably one of the biggest things that you notice right out of the gate, from an ownership side. I think total, we have around 25, 26 people at TSR that are just on the Nitro teams. You know, versus at one time, I think we were up to 385 or something at SHR. So the amount of people it takes is drastically different," Stewart explained.
"It costs less money to operate a Nitro team at a level that needs to be done at; when I say that I mean not cutting costs, not having to time parts out too long....But on the NHRA side versus the Cup side, I mean, it's less than half the cost of running a full-time Cup team, one car from car to car that is," he added
Stewart parted ways with Gene Haas at the end of the 2024 NASCAR Cup Series season.