Kyle Larson Net Worth: Racing Career and Entrepreneurial Ventures

May 25, 2024

Kyle Miyata Larson, born on July 31, 1992, in Elk Grove, California, is a prolific and successful NASCAR driver known for his versatility and skill. Competing primarily in the NASCAR Cup Series for Hendrick Motorsports, he has also ventured into other racing disciplines, including sprint car racing and open-wheel competitions.

Early Life and Background

Larson was born into a racing family, with his father, Mike Larson, being a racer, and his mother, Janet Larson, a Japanese-American whose parents were in WWII internment camps. His early exposure to racing included attending his first race just a week after his birth. He started racing outlaw karts at age seven and attended Pleasant Grove High School in his hometown of Elk Grove.

"Kyle larson (52866355736) (cropped)" by Zach Catanzareti Photo is licensed under CC BY 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by/2.0/.

Early Career Achievements

Dirt Track Racing

Larson quickly made a name for himself in the dirt track racing scene. Notable wins include the King's Royal, Knoxville Nationals, and the Chili Bowl Nationals. In 2011, he won the 4-Crown Nationals at Eldora Speedway, sweeping all three types of USAC cars in one night. By 2012, he had secured six victories in USAC National Midget races.

NASCAR Career

Debut and Early NASCAR Seasons

Larson made his full-time NASCAR debut in the 2013 Nationwide Series with Turner Scott Motorsports. In 2012, he had run a few Truck Series races with the same team. His career progressed swiftly, and he became known for his skill and competitiveness. His first big break came when he joined Chip Ganassi Racing in 2014, debuting in the top NASCAR faction.

Rise to Prominence

With multiple wins and top finishes, Larson quickly established himself as a force to be reckoned with in NASCAR. His first Cup Series win came in 2016 at Michigan, and he continued to build on this success, securing numerous top 10s and pole positions. By 2021, he had joined Hendrick Motorsports and won the NASCAR Cup Series championship, marking a significant milestone in his career.

Financials and Business Ventures

Net Worth and Earnings

Larson's net worth is estimated at $12 million as of 2023. He earns an estimated $10 million annually from his contract with Hendrick Motorsports, which runs until 2026. His sponsorship deals include major brands like Chevrolet, Oakley, Credit One Bank, iRacing, and Alpinestars.

"Kyle larson (51413875161) (cropped)" by Zach Catanzareti Photo is licensed under CC BY 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by/2.0/.

Entrepreneurial Activities

Larson co-founded Larson Marks Racing in 2013 and formed the High Limit Racing series in 2021, reflecting his keen interest in business ventures related to his racing career.

Personal Life

Family

Kyle Larson is married to Katelyn Sweet, with whom he tied the knot on September 26, 2018. The couple has three children: Owen Miyata Larson, Audrey Layne Larson, and Cooper Donald Larson. Audrey has been impacted by Alopecia, a condition that affects hair growth.

Controversies

2020 Racial Incident

In 2020, Larson was involved in a controversy where he used a racial slur during a live-streamed virtual racing event. This led to his suspension by NASCAR, loss of sponsorships, and termination from Chip Ganassi Racing. He was reinstated later that year after completing sensitivity training and community engagement programs.

Feuds

Larson has also been involved in on-track incidents, including a notable feud with Denny Hamlin during the 2023 Kansas Cup Series race.

Legacy and Achievements

Major Career Stats

Throughout his career, Larson has accumulated impressive statistics across various NASCAR series:

Category Details
Full Name Kyle Miyata Larson
Date of Birth July 31, 1992
Place of Birth Elk Grove, California
Early Exposure to Racing Attended first race a week after birth, started racing outlaw karts at age seven
High School Pleasant Grove High School, Elk Grove
Notable Wins in Dirt Track Racing King's Royal, Knoxville Nationals, Chili Bowl Nationals
NASCAR Debut 2013 Nationwide Series with Turner Scott Motorsports
First Cup Series Win 2016 at Michigan
NASCAR Cup Series Championship 2021 with Hendrick Motorsports
Net Worth $12 million as of 2023
Annual Earnings $10 million (contract with Hendrick Motorsports)
Entrepreneurial Ventures Co-founded Larson Marks Racing, formed High Limit Racing series
Family Married to Katelyn Sweet, three children: Owen, Audrey, Cooper
Controversies 2020 racial incident, 2023 feud with Denny Hamlin
Major Career Stats
  • Cup Series: 23 wins, 164 top 10s, 16 poles
  • Xfinity Series: 14 wins, 80 top 10s, 6 poles
  • Truck Series: 3 wins, 11 top 10s, 2 poles
Accolades 2021 NASCAR Cup Series champion, multiple wins in Rolex 24, NASCAR All-Star Race, Coca-Cola 600
Social Media Active on Facebook, Twitter, Instagram

Accolades

Larson’s accolades include the 2021 NASCAR Cup Series championship, multiple wins in prestigious races such as the Rolex 24, NASCAR All-Star Race, and Coca-Cola 600, and various other championships across different racing series.

"Kyle larson (47586522032)" by Zach Catanzareti Photo is licensed under CC BY 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by/2.0/.

Social Media and Public Presence

Larson maintains an active presence on social media platforms like Facebook, Twitter, and Instagram, where he shares promotional content and personal life moments.

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