What is Rick Hendrick's Net Worth?
Rick Hendrick is an American businessman, entrepreneur, and retired race car driver who has a net worth of $1 billion. Rick Hendrick is absolute best known for being the owner of the NASCAR crew Hendrick Motorsports. He additionally owns the Hendrick Automotive Group and has A hundred and forty franchises in 14 other states. Rick serves as chairman of the corporate, which is the United States' sixth-largest dealership. He has owned the Hendrick Motorsports racing workforce since 1984 and has four full-time drivers: Jimmie Johnson, Chase Elliott, Alex Bowman, and William Byron. His former drivers come with Jeff Gordon, Dale Earnhardt, Jr., and Kasey Kahne. Hendrick Motorsports has gained 12 Monster Energy Cup Series championships (now known as the NASCAR Cup Series).
Early Life
Rick Hendrick was once born Joseph Riddick Hendrick III on July 12, 1949, in Warrenton, North Carolina. His folks, Mary and Joseph, raised Rick and his brother, John, on a farm close to Palmer Springs, Virginia. When Rick was 14, he built a 1931 Chevrolet and began drag racing, and at 16, he won the Chrysler-Plymouth Troubleshooting Contest (Virginia department). Hendrick attended Park View High School in Virginia, and though he at the start considered a profession in baseball, he enrolled in a co-op paintings study program after graduation presented via Westinghouse Electric Company and North Carolina State University.
Hendrick Automotive Group
After faculty, Hendrick opened a small used-car lot and turned into the general sales supervisor at age 23. After purchasing a Bennettsville, South Carolina, franchise, Rick changed into America's youngest Chevrolet broker at 26 years outdated and went on to found Hendrick Automotive Group, which employs more than 10,000 folks. In 2016, the corporate earned $9 billion in revenue.
Racing Career
As a race car driving force, Hendrick competed within the NASCAR Sprint Cup Series, NASCAR Nationwide Series, and the NASCAR Camping World Truck Series. He also began a drag boat racing team within the late 70s that received 3 championships and set an international record. Rick later co-owned and sponsored a couple of NASCAR Late Model Sportsman Series automobiles, incomes a win with Dale Earnhardt in 1983. The following 12 months, Hendrick began All-Star Racing (now known as Hendrick Motorsports), fielding a NASCAR Winston Cup group. With motive force Geoff Bodine, the crew competed in 30 races and finished ninth within the season.
Hendrick Motorsports
As a workforce proprietor, Rick has loved 16 Drivers' championships, 345 race wins, and 290 pole positions with Hendrick Motorsports and JR Motorsports (which Hendrick co-owns with Dale Earnhardt Jr. and Kelly Earnhardt Miller), and many imagine him to be NASCAR's most a hit staff owner. The Hendrick Motorsports headquarters is in Concord, North Carolina, and lies on a 140-acre belongings; 600 people are employed within the 430,000 sq. foot facility. In December 2018, Hendrick announced that Jeff Gordon will likely be taking on Hendrick Motorsports after Rick retires.
(Photo by means of Sarah Crabill/Getty Images)
Personal Life
Rick met his future spouse, Linda, at an ice cream parlor, they usually went to on have two children, Ricky and Lynn. Ricky grew as much as be a race vehicle driver, however in 2004, he tragically died in a aircraft crash at the age of 24. Nine other folks died within the crash, together with Rick's brother and two of his nieces. In 2011, Rick and Linda were on a airplane that crash landed at Key West International Airport; Linda's accidents had been minor, but Rick ended up with a fractured clavicle and 3 damaged ribs.
Hendrick used to be diagnosed with persistent myelogenous leukemia in 1996 and has been in remission since 1999. In 1997, Rick used to be sentenced to a 12 months of home confinement, a $250,000 high-quality, and three years' probation after pleading to blame to mail fraud.
Rick admitted to giving BMWs, homes, and massive quantities of cash to American Honda Motor Company executives in the Nineteen Eighties, but President Bill Clinton pardoned him in 2000.
Charity Work
In 1997, Rick and Linda based the Hendrick Marrow Program, which raises cash to add attainable donors to the Be The Match Foundation's registry and helps patients pay for transplant costs that aren't covered by way of insurance. In 1999, the Be The Match Foundation commemorated Rick and Linda with their Leadership for the Life Award. Hendrick additionally supports Charlotte's Levin Children's Hospital and The Hendrick Foundation for Children, which used to be founded through his past due brother in 2004. In 2016, Rick and Linda formed the Hendrick Family Foundation, and the Hendrick Marrow Program (which has raised over $15 million since its inception) is now a part of that foundation. The Hendrick Family Foundation supports charities that have been established through Hendrick Motorsports drivers, such as the Chase Elliott Foundation, which gives financial toughen to other charitable organizations, and the Jimmie Johnson Foundation, which has contributed to a number of charities and raises price range for K-12 public training via their Jimmie Johnson Foundation Champions Grant program.
Jerry Markland/ Getty Images
Awards and Honors
In 1996, Hendrick won The Order of the Long Leaf Pine, the easiest civilian honor given in the state of North Carolina. That year, he additionally won a Horatio Alger Award from the Horatio Alger Association of Distinguished Americans. In 2009, Rick gained the Bill France Award of Excellence on the Sprint Cup Series Awards Ceremony, and he received the Automotive News Lifetime Achievement Award in 2014. Hendrick has been inducted into the NASCAR Hall of Fame (2017), the International Motorsports Hall of Fame (2013), and the Motorsports Hall of Fame of America (2020).
Real Estate, Yacht and Jet
In 2000, Rick paid $3.Sixty five million for a 12,803 square foot house in Charlotte, North Carolina. The area comprises six bedrooms and eight baths.
Hendrick additionally reportedly owns a $35 million yacht in addition to a Gulfstream G-V personal jet worth $15 million.
ncG1vNJzZmivp6x7pLHLnpmroaSuu6bA1qipraBemLyue9GimqGdo6l6o8HSoqWeq6Oisq97wp6mrGeinrCseceepZ2qmZi4brrErWSwp6KptXA%3D