Owning a NASCAR team is like being a contestant on Wheel of Fortune, they both answer to “Big money, big money.”
A Forbes story earlier this year said NASCAR organizations — with a collective worth of more than $1.25 billion — are worth an average of $140 million.
TheRichest.com recently came out with a slightly updated version of team worth in the sport. Here’s what the richest organizations in NASCAR are reportedly worth as of today:
9. Richard Petty Motorsports: worth $50 million
8. Chip Ganassi Racing: $69 Million
7. Michael Waltrip Racing: $80 Million (down 20 percent in value from 2013, due significantly in part to the attempt to manipulate the Richmond race Chase qualifying outcome there in late summer of that year)
6. Team Penske: $108 Million
5. Richard Childress Racing: $128 Million
4. Stewart-Haas Racing: $148 Million
3. Roush Fenway Racing: $157 Million
2. Joe Gibbs Racing: $171 Million
1. Hendrick Motorsports: $348 Million
How is it that HMS is so far ahead of the rest of the pack?
Easy, says TheRichest.com: “Highest NASCAR winnings. Highest merchandise sales. Highest sponsorship revenue. Hendrick holds bragging rights for all of those accomplishments.”
And let’s not forget NASCAR’s most popular driver the last 11 years running (likely soon to be 12 years straight) in Dale Earnhardt Jr.
Follow me @JerryBonkowski