Rick Hendrick Net Worth 2024, How Much Rich He is?

 Rick Hendrick is an American businessman, entrepreneur, and retired race car driver with a net worth of $1 billion. He is best known for owning the NASCAR team Hendrick Motorsports and the Hendrick Automotive Group, which operates 140 franchises in 14 states. Hendrick Motorsports has won 12 Monster Energy Cup Series championships, making Rick Hendrick one of the most successful team owners in NASCAR history.

What is Rick Hendrick's Early Life Like?

Born Joseph Riddick Hendrick III on July 12, 1949, in Warrenton, North Carolina, Rick was raised on a farm near Palmer Springs, Virginia, by his parents, Mary and Joseph Hendrick. His interest in cars started early; at the age of 14, he built a 1931 Chevrolet and began drag racing. By 16, he had won the Virginia division of the Chrysler-Plymouth Troubleshooting Contest. Hendrick attended Park View High School in Virginia and initially considered a career in baseball before enrolling in a co-op work-study program with Westinghouse Electric Company and North Carolina State University.

How Did Rick Hendrick Start His Career in Automotive?

After college, Hendrick opened a small used-car lot and became a general sales manager at 23. By 26, he became America's youngest Chevrolet dealer after buying a Bennettsville, South Carolina franchise. In 1984, he founded the Hendrick Automotive Group, which has grown to employ over 10,000 people and earned $9 billion in revenue in 2016. The company is now the sixth-largest dealership group in the United States.

What is Rick Hendrick's Racing Career Like?

Rick Hendrick's racing career includes competing in the NASCAR Sprint Cup Series, NASCAR Nationwide Series, and the NASCAR Camping World Truck Series. He also started a drag boat racing team in the late 1970s that won three championships and set a world record. Hendrick co-owned and sponsored NASCAR Late Model Sportsman Series cars, securing a win with Dale Earnhardt in 1983. In 1984, he founded All-Star Racing, now known as Hendrick Motorsports, which became one of the most successful teams in NASCAR history.

What Are the Achievements of Hendrick Motorsports?

As the owner of Hendrick Motorsports, Rick Hendrick has achieved 16 Drivers' championships, 345 race wins, and 290 pole positions. The team has included legendary drivers such as Jimmie Johnson, Jeff Gordon, Dale Earnhardt Jr., and Chase Elliott. The Hendrick Motorsports headquarters is located in Concord, North Carolina, on a 140-acre property with a 430,000 square foot facility employing 600 people. In December 2018, Hendrick announced that Jeff Gordon would take over Hendrick Motorsports after his retirement.

What is Known About Rick Hendrick's Personal Life?

Rick Hendrick married Linda, whom he met at an ice cream parlor, and they had two children, Ricky and Lynn. Tragically, Ricky died in a plane crash in 2004, along with Rick's brother and two nieces. In 2011, Rick and Linda survived a plane crash in Key West, Florida, where Rick sustained a fractured clavicle and three broken ribs.

Diagnosed with chronic myelogenous leukemia in 1996, Rick has been in remission since 1999. In 1997, he was sentenced to a year of home confinement and a $250,000 fine for mail fraud, related to giving BMWs, houses, and money to American Honda Motor Company executives in the 1980s. He was pardoned by President Bill Clinton in 2000.

What Charitable Work Has Rick Hendrick Been Involved In?

Rick and Linda Hendrick founded the Hendrick Marrow Program in 1997, raising funds to add potential donors to the Be The Match Foundation's registry and helping patients with transplant costs not covered by insurance. The program has raised over $15 million since its inception and is now part of the Hendrick Family Foundation, established in 2016. The foundation supports various charities, including those created by Hendrick Motorsports drivers, like the Chase Elliott Foundation and the Jimmie Johnson Foundation, which fund K-12 public education.

What Awards and Honors Has Rick Hendrick Received?

Rick Hendrick has received numerous awards and honors, including The Order of the Long Leaf Pine in 1996, North Carolina's highest civilian honor. He also won the Horatio Alger Award from the Horatio Alger Association of Distinguished Americans the same year. In 2009, he received the Bill France Award of Excellence, and in 2014, the Automotive News Lifetime Achievement Award. Hendrick was inducted into the NASCAR Hall of Fame in 2017, the International Motorsports Hall of Fame in 2013, and the Motorsports Hall of Fame of America in 2020.

What Real Estate Does Rick Hendrick Own?

In 2000, Rick Hendrick purchased a 12,803 square foot home in Charlotte, North Carolina, for $3.65 million. The house features six bedrooms and eight bathrooms. Rick's real estate portfolio reflects his success and status within the automotive and racing industries.

Rick Hendrick's journey from a young car enthusiast to a billionaire businessman and successful NASCAR team owner is a testament to his dedication and passion for the automotive and racing worlds. His contributions to both industries and his charitable efforts have left a lasting impact on many lives.



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