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Former NFL coach Joe Gibbs is one of the most successful NASCAR team owners and has accumulated a net worth of $60 million, according to Celebrity Net Worth. His wealth has been accumulated over decades as a Super Bowl-winning coach and a prominent NASCAR team owner.
Unlike many legacy NASCAR team owners who started as racing drivers or car dealers, Joe Gibbs took an unconventional path to becoming a team owner in the premier stock car racing series. He is also the only individual to be inducted into both the Pro Football and the NASCAR Hall of Fame.
The 83-year-old was born in Mocksville, North Carolina, and was a quarterback in his high school. After graduating from San Diego State University in 1966, he began his coaching career, eventually leading the Washington Redskins team between 1981 and 1992. During his tenure, he led the team to nine playoff appearances, four NFC championships, and three Super Bowl victories.
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Joe Gibbs and his son J.D. Gibbs began the NASCAR team while exploring other opportunities. The team fielded a single entry in 1992, with Dale Jarrett behind the wheel of the #18 Chevy. In its early years, the team relied on equipment and engines from current rivals Hendrick Motorsports.
JGR steadily grew in the Cup Series, adding a second car in 1999 for rookie Tony Stewart. In 2005, the team expanded to three cars, with Jason Leffler initially driving the #11 car, before Denny Hamlin took over later that season. By 2015, JGR became a four-car operation, introducing the #19 entry for Carl Edwards.
During the team's gradual expansion, Coach Gibbs returned to the Washington Redskins for a second stint as head coach from 2004 to 2007 under a five-year, $28.5 million contract (according to Celebrity Net Worth). After stepping down as head coach, he transitioned into a special advisor role for the team.
Gibbs has made his fortune through his successful career in the NFL and by establishing a premier NASCAR team, valued at $230 million (according to Forbes in 2020). The team recently sold a minority stake to Harris Blitzer Sports & Entertainment (HBSE) and Arctos Partners, with Gibbs becoming a limited partner of HBSE.
Exploring Joe Gibbs Racing's NASCAR accolades
Joe Gibbs Racing is third on the list of the most successful NASCAR Cup Series teams in terms of race victories, at 214. It trails only Hendrick Motorsports and Petty Enterprises in that regard.
JGR debuted the #18 entry for Dale Jarrett in 1992, achieving moderate success in their inaugural season. Jarrett kicked off their sophomore year with a bang, winning the Daytona 500. Since then the team has accumulated three more Harley J. Earl trophies, thanks to Denny Hamlin.
JGR secured its inaugural Cup Series championship in 2000 with Bobby Labonte at the helm. Tony Stewart and Kyle Busch have each contributed two titles to the team's championship count.
In the Xfinity Series, JGR has racked up 213 race wins and four championships. Coach Gibbs' grandson, Ty Gibbs, won the ARCA championship for the team in 2021.
