Roger Penske's luxury yacht Podium gives a glimpse into the racing mogul's opulent lifestyle

Roger Penske, the founder and chairman of Penske Corporation, is notably known for owning Team Penske, which competes in the NASCAR Cup and IndyCar Series. Being a billionaire owner, the Shaker Heights, Ohio native lives a luxurious life and owns many prized possessions. One of them is his swanky vessel called the Podium, a luxurious Feadship yacht.

A former racer turned businessman, Penske has an estimated real-time net worth of $4 billion, as per Forbes. Apart from owning successful racing teams, the 87-year-old also owns the Indianapolis Motor Speedway, home to the esteemed Indy 500 event held during the Memorial Day weekend.

From owning auto racing organizations to private jets, he upped his luxury quotient with the sea cruiser, Podium, which has an estimated value of $120 million. This yacht was recently spotted in Newport, Rhode Island by a local news page that shared a sneak peek of it on Facebook.

This 72-meter-long cruiser was made by a Dutch company called Feadship, acclaimed as one of the most famous yacht builders in the world. Redman Whiteley Dixon, a British design studio, designed this magnificent yacht that can accommodate 12 passengers in six cabins, as well as 14 crew members in seven dedicated cabins.

Podium requires an annual running cost of $5-10 million. It has a comfortable cruising speed of 14 knots and a top speed of 18 knots (approx 21 mph). This high-end yacht can go over a distance of over 4,500 nautical miles, perfect for long sea voyages.

Apart from his opulent lifestyle and jaw-dropping luxuries, his racing team has claimed numerous victories and championship titles.

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Team Penske's achievements in almost six decades

Roger Penske's auto racing organization competes in the NASCAR Series, IndyCar Series, IMSA Sports Car Championships, and FIA World Endurance Championships. Furthermore, his outfit has also participated in Can-Am, Trans Am, Australia's V8 Supercar championship, and Formula 1.

Team Penske has won the NTT IndyCar Series title 17 times, and the 2024 Indy 500 race marked its 20th triumph. In NASCAR's national series, this team has won the last two Cup Series titles, and four in total. Brad Keselowski claimed the team's maiden Cup title in 2012, followed by Joey Logano in 2018 and 2022. Ryan Blaney won the Cup Series title last year. Moreover, Penske's drivers have made it to the victory lane of the esteemed Daytona 500 race a total of three times. Additionally, the team has two championships in NASCAR's Xfinity Series.

Currently, all three of its full-time drivers in the Cup Series have booked their berth in the playoffs. NASCAR will resume its high-octane racing at Richmond Raceway on August 11 after a two-week Paris Olympics hiatus.