Rick Hendrick Net Worth: Business Mogul and Motorsport Legend

May 25, 2024

Rick Hendrick's Net Worth and Achievements

Rick Hendrick, a name synonymous with success in both the automotive and motorsport industries, has an estimated net worth of $1 billion. Renowned as the owner of Hendrick Motorsports and Hendrick Automotive Group, his journey from a farm in Virginia to a business mogul is truly inspirational.

Net Worth and Business Ventures

Rick Hendrick's net worth is a testament to his success across various ventures. As the owner of Hendrick Motorsports, he has led the team to achieve significant milestones in the NASCAR world. Additionally, Hendrick Automotive Group, which operates 140 franchises across 14 states, stands as the sixth-largest dealership in the United States. The company, with over 10,000 employees, reported a revenue of $9 billion in 2016.

"The Boss Man Mr. Rick Hendrick" by raniel diaz is licensed under CC BY 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by/2.0/.

Early Life

Born Joseph Riddick Hendrick III on July 12, 1949, in Warrenton, North Carolina, Rick was raised on a farm in Palmer Springs, Virginia. His passion for racing began early, as he started drag racing at 14 and won a state-level troubleshooting contest at 16. His education included Park View High School and a co-op work-study program with Westinghouse Electric Company and NC State University.

Aspect Details
Full Name Joseph Riddick Hendrick III
Birth Date July 12, 1949
Birth Place Warrenton, North Carolina
Net Worth $1 billion
Education Park View High School, NC State University
Primary Businesses Hendrick Motorsports, Hendrick Automotive Group
Hendrick Motorsports Achievements 16 Drivers' championships, 345 race wins, 290 pole positions
Personal Life Married to Linda; children: Ricky (deceased) and Lynn
Charity Work Founded Hendrick Marrow Program; raised over $15 million
Awards and Honors The Order of the Long Leaf Pine, Horatio Alger Award, Bill France Award of Excellence, Automotive News Lifetime Achievement Award
Real Estate $3.65 million, 12,803 square-foot home in Charlotte, NC
Yacht $35 million
Private Jet Gulfstream G-V, worth $15 million

Hendrick Automotive Group

Post-college, Rick opened a small used-car lot and became the youngest Chevrolet dealer in America at age 26. His entrepreneurial skills led to the founding of Hendrick Automotive Group, which has since seen remarkable success and expansion.

"Kevin Harvick, Rick Hendrick, Jimmie Johnson, Gene Haas, Tony Stewart, Chip Ganassi" by AmyKay1974 is licensed under CC BY-NC-ND 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-nd/2.0/.

Racing Career

Rick Hendrick’s passion for racing extended beyond business. He competed in various NASCAR series and started a successful drag boat racing team in the late 1970s. His dedication culminated in co-owning and sponsoring NASCAR cars, achieving a win with Dale Earnhardt in 1983. Since establishing Hendrick Motorsports in 1984, the team has secured 16 Drivers' championships, 345 race wins, and 290 pole positions.

Hendrick Motorsports

Hendrick Motorsports is one of NASCAR's most successful teams, headquartered in Concord, North Carolina, on a sprawling 140-acre property. With a 430,000 square foot facility and 600 employees, the team has made a significant mark in motorsports. It was announced that Jeff Gordon will take over the team’s operations following Rick’s retirement.

Personal Life

Rick Hendrick is married to Linda, and together they had two children, Ricky and Lynn. Tragically, Ricky, a race car driver, died in a plane crash in 2004, along with other family members. In 2011, Rick and Linda survived a plane crash with minor injuries. Despite a diagnosis of chronic myelogenous leukemia in 1996, Rick has been in remission since 1999. Legal troubles in the 1990s saw him plead guilty to mail fraud, but he received a presidential pardon in 2000.

Charity Work

Rick Hendrick founded the Hendrick Marrow Program in 1997, which has raised over $15 million to support Be The Match Foundation. Alongside the Hendrick Family Foundation, Rick and Linda are actively involved in charitable efforts, including supporting driver foundations like the Chase Elliott Foundation and Jimmie Johnson Foundation.

Awards and Honors

Rick Hendrick's numerous awards and accolades include The Order of the Long Leaf Pine, Horatio Alger Award, Bill France Award of Excellence, and the Automotive News Lifetime Achievement Award. He has been inducted into several Halls of Fame, such as the NASCAR Hall of Fame, International Motorsports Hall of Fame, and Motorsports Hall of Fame of America.

Real Estate, Yacht, and Jet

Living a luxurious lifestyle, Rick Hendrick owns a $3.65 million, 12,803 square-foot home in Charlotte, North Carolina. He also possesses a $35 million yacht and a Gulfstream G-V private jet worth $15 million, highlighting his immense wealth and success.

JJ Sterling
As the co-founder of Urban Splatter and an architecture graduate from Chicago, I thrive on crafting a digital nexus where architectural innovation intersects with boundless digital opportunity. My academic roots in the Windy City's rich architectural tapestry inspire a unique vision for Urban Splatter's journey into the ever-evolving digital frontier of design. Join us as we navigate the exciting confluence of structure, style, and technology.

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