Rick Hendrick Net Worth

Rick Hendrick Net Worth

Rick Hendrick is an American businessman, entrepreneur, and retired race automobile driver who has a net worth of $1 billion {dollars}. Hendrick is finest recognized for being the proprietor of the NASCAR group Hendrick Motorsports. He additionally owns the Hendrick Automotive Group and has 140 franchises in 14 completely different states. Rick serves as chairman of the corporate, which is the United States’ sixth-largest dealership. He has owned the Hendrick Motorsports racing group since 1984 and has 4 full-time drivers: Jimmie Johnson, Chase Elliott, Alex Bowman, and William Byron. His former drivers embrace Jeff Gordon, Dale Earnhardt, Jr., and Kasey Kahne. Hendrick Motorsports has gained 12 Monster Energy Cup Series championships (now often known as the NASCAR Cup Series). Rick Hendrick Net worth is 1 billion USD.

Early Life

Rick Hendrick was born Joseph Riddick Hendrick III on July 12, 1949, in Warrenton, North Carolina. His dad and mom, Mary and Joseph, raised Rick and his brother, John, on a farm close to Palmer Springs, Virginia. At the age of 14, Rick built a 1931 Chevrolet and started participating in drag racing. After this he gained the Chrysler-Plymouth Troubleshooting Contest (Virginia division). Hendrick attended Park View High School in Virginia, and although he initially thought of a profession in baseball. He enrolled in a co-op work examine program after commencement supplied by Westinghouse Electric Company and North Carolina State University.

Career

After faculty, Hendrick opened a small used-car lot and have become the final gross sales supervisor at age 23. After shopping for a Bennettsville, South Carolina, franchise, Rick grew to become America’s youngest Chevrolet seller at 26 years previous and went on to discovered Hendrick Automotive Group, which employs greater than 10,000 individuals. In 2016, the corporate earned $9 billion in income.

As a race automobile driver, Hendrick competed within the NASCAR Sprint Cup Series. Also NASCAR Nationwide Series, and the NASCAR Camping World Truck Series. He additionally began a drag boat racing group within the late 70s that gained three championships and set a world document. Rick later co-owned and sponsored a couple of NASCAR Late Model Sportsman Series vehicles, earning a win with Dale Earnhardt in 1983. The following yr, Hendrick began All-Star Racing (now often known as Hendrick Motorsports), fielding a NASCAR Winston Cup group. With driver Geoff Bodine, the group competed in 30 races and completed ninth within the season.

As a group 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 lots of take into account him to be NASCAR’s most profitable group proprietor. The Hendrick Motorsports headquarters is in Concord, North Carolina, and lies on a 140-acre property; The 430,000 square foot facility employs 600 people. In December 2018, Hendrick announced that Jeff Gordon would take over Hendrick Motorsports after Rick’s retirement.

Personal Life

Rick met his future spouse, Linda, at an ice cream parlor, they usually went to on have two youngsters, Ricky and Lynn. Ricky grew as much as be a race automobile driver, however in 2004, he tragically died in a airplane crash on the age of 24. Nine different individuals died within the crash, together with Rick’s brother and two of his nieces. In 2011, Rick and Linda have been on a airplane that crash landed at Key West International Airport; Linda’s accidents have been minor, however Rick ended up with a fractured clavicle and three damaged ribs.

In 1996, Hendrick was diagnosed with chronic myelogenous leukemia, and he has been in remission since 1999. In 1997, the court sentenced Rick to a year of home confinement, a $250,000 fine, and three years’ probation after he pleaded guilty to mail fraud. He admitted to giving BMWs, homes, and huge quantities of cash to American Honda Motor Company executives within the 1980s, however President Bill Clinton pardoned him in 2000.

Charity Work

In 1997, Rick and Linda based the Hendrick Marrow Program, which raises cash so as to add potential donors to the Be The Match Foundation’s registry. He provides financial assistance to patients for the transplant costs not covered by insurance. The Be The Match Foundation awarded Rick and Linda their Leadership for the Life Award in 1999. Hendrick additionally helps Charlotte’s Levin Children’s Hospital. The Hendrick Foundation for Children, which was based by his late brother in 2004.

In 2016, Rick and Linda fashioned the Hendrick Family Foundation. The Hendrick Marrow Program (which has raised over $15 million since its inception) is now a part of that basis. The Hendrick Family Foundation provides support to charities established by Hendrick Motorsports drivers, including the Chase Elliott Foundation, which offers financial assistance to other charitable organizations. Also the Jimmie Johnson Foundation, which has contributed to a number of charities and raises funds for Okay-12 public training by their Jimmie Johnson Foundation Champions Grant program.

Awards and Honors

In 1996, Hendrick acquired The Order of the Long Leaf Pine, the very best civilian honor given within the state of North Carolina. That yr, he additionally acquired 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. He acquired the Automotive News Lifetime Achievement Award in 2014. Hendrick has been inducted into the NASCAR Hall of Fame (2017).

Real Estate

In 2000, Rick paid $3.65 million for a 12,803 sq. foot dwelling in Charlotte. The home contains six bedrooms and eight baths. Hendrick additionally reportedly owns a $35 million yacht in addition to a Gulfstream G-V non-public jet worth $15 million.