Team Penske is an American professional auto racing organization that competes in the NASCAR Cup Series, IndyCar Series, IMSA SportsCar Championship, and FIA World Endurance Championship. Team Penske is known for its resilience throughout 40 motorsports championships, winning over 500 races. The team debuted at the 1966 24 Hours of Daytona and made its NASCAR Cup Series debut at the 1972 Winston Western 500, Riverside. Team Penske also competes in the NASCAR Xfinity Series and debuted in 1997 at Kenwood Home and Car Audio 300, Fontana.
Based in Mooresville, North Carolina, Team Penske fields Ford Mustangs for its drivers and has won four drivers’ championships and over 170 races in the NASCAR Cup Series and the Xfinity Series. The team has also used the following names- Penske Racing South, Penske-Kranefuss Racing, and Penske-Jasper Racing.
Who is the owner of Team Penske?
Roger Searle Penske is the owner of Team Penske (Penske Corporation). He is a retired American professional auto racing driver, team owner, and businessman. Born on February 20, 1937, Penske is best known for his ownership of Team Penske and is the founder and chairman of the Penske Corporation, the parent organization for his various businesses.
Penske competed in the Formula One World Championship with two entries overall. His debut in Formula One came in 1961 at the United States Grand Prix. However, his second race at the 1962 United States Grand Prix was his last race in the competition. From hill climbing races to Sports Car Club of America (SCCA), Penske was named SCCA Driver of the Year in 1961 by Sports Illustrated. He also won a NASCAR Pacific Coast Late Model race at Riverside in 1963 and retired as a driver in 1965.
Roger Penske's Net Worth
Nicknamed the “Captain”, Penske has a net worth of $6.4 Billion, according to Forbes. Many factors contribute to the net worth of Penske including- transportation services under Penske Corporation with over $39 billion in revenue, Penske Automotive Group which includes dealerships for selling new and used cars, and his successful NASCAR team career.
Roger Penske's Hall of Fame Inductions
Penske has been inducted into multiple Hall of Fames including-
1995 Motorsports Hall of Fame of America inductee
1998 International Motorsports Hall of Fame inductee
2022 Indianapolis Motor Speedway Hall of Fame inductee
2015 Automotive Hall of Fame inductee
2019 NASCAR Hall of Fame inductee
Related: Who Owns 23XI Racing?
FAQs On Team Penske Owner
Tim Cindric is the principal of Team Penske.
Team Penske is based in Mooresville, North Carolina.
Austin Cindric, Ryan Blaney, and Joey Logano drive for Team Penske in the NASCAR Cup Series.
Team Penske has won over 81 races in the NASCAR Xfinity Series along with two Xfinity Drivers’ Championships.
