How much was Jimmie Johnson paid?

Last Modified May 3, 2024 11:00 GMT
How much was Jimmie Johnson paid
Jimmie Johnson displays his 7 NASCAR Cup Series championship trophies. [Credits: Getty Images]

Jimmie Johnson may have retired from the sport of NASCAR, but the spark he ignited in the elite class of stock racing is still alive. He pioneered the sport through his incredible performances in the past decade putting his name on top of the sheets every now and then.

It was through sheer grit and determination Jimmie Johnson equalled the record of most Cup Series titles held by Dale Earnhardt and Richard Petty jointly. Moreover, he set his own milestone of achieving 5 Cup Series titles simultaneously, becoming the first NASCAR driver to do so.

Jimmie Johnson currently participates part-time in NASCAR Cup Series as the driver of his team Legacy Motor Club. Johnson formed a new team out of RIchard Petty Motorsports when he purchased a majority stake in the team becoming its co-owner. Johnson was introduced in NASCAR Cup Series by Jeff Gordon who was awestruck by his talent. The Californian has achieved 83 wins in Cup Series dominating many tracks like Dover International Speedway, Martinsville in the most number of victories held by a driver.

Jimmie Johnson Salary

Johnson has retired from the Cup Series and only competes part-time in the sport now. However, according to records released by reputed sites like Forbes, Jimmie Johnson had a salary of $17.8 million in 2020. He was the second highest paid driver in that season. His basic pay was complemented by lucrative deals and sponsorships from various brands. According to Forbes, Johnson’s earnings from partnerships and endorsements were around $5 million.

Johnson’s earnings both on and off track made him a part of the elite class of NASCAR. He is among the richest drivers of the sport, as of March 2024. Jimmie Johnson has an estimated net worth of $160 million in 2024, second only to the great, Dale Earnhardt Jr. Jimmie Johnson’s primary sponsor was Knaus & Lowe’s. He earned a total wealth of $74.5 million throughout his partnership tenure with Lowe’s according to Spotrac.

Jimmie Johnson Contract

Jimmie Johnson was recruited into Hendrick Motorsports in 2002 through the recommendation of Jeff Gordon, who was also a part-owner of the car. Johnson remained a Hendrick Motorsports throughout his career.

He retired from full-season racing in 2020 after 19 years of racing with Hendrick Motorsports. Johnson made good use of the recommendation handed over to him by Jeff Gordon, becoming Hendrick Motorsports most valuable driver in no time.

His constant performances, championship victories and Cup Series wins put him a cut above drivers. Johnson stayed in the list of most expensive drivers throughout his career. Hendrick Motorsports didn’t want to let go of their star performer and rigorously increased Johnson’s paycheck from time to time to keep his end of the contract.

Jimmie Johnson left behind a legacy in both NASCAR and Hendrick Motorsports. The team benefited hugely from his generous sponsors and race wins. Hendrick Motorsports is currently one of the most successful teams in NASCAR with record wins at maximum no of tracks and numerous Cup Series championships, seven of which came through Jimmie Johnson. Johnson currently has a part-time contract driving for team Legacy Motor Club. He has participated in 2023 and 2024 Cup Series seasons as a guest driver.

How much was Jimmie Johnson paid
Jimmie Johnson donned the colors of Legacy Motor Club as a part time driver in NASCAR Cup Series. [Credits: Getty Images]

Read more About Jimmie Johnson Net Worth

FAQ's on Jimmie Johnson Salary

A. Jimmie Johnson is a retired NASCAR driver, but he used to make $15-18 million per year.

A. Carvana has taken up primary sponsorship of Jimmie Johnson in NASCAR currently.

A. Jimmie Johnson participated in the 2024 Daytona 500 through Legacy Motor Club.

A. Jimmie Johnson is the co-owner of Legacy Motor Club which fields three cars in NASCAR Cup Series currently.

A. Jimmie Johnson was replaced by Kyle Larson at Hendrick Motorsports in the NASCAR Cup Series.

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