Rick Hendrick Net Worth 2024: Age, Income, Wife, Assets
How much is Rick Hendrick Net Worth?
Rick Hendrick is a 74-year-old American former race car driver, businessman, and entrepreneur. As of Jan 2024, Rick Hendrick net worth is estimated at $1 billion.
Rick Hendrick Net Worth
$1 Billion
Who is Rick Hendrick?
| Net Worth in 2024 | $1 Billion |
| Net Worth In Indian Rupees | 7369 Crore INR |
| Income Source | Business |
| Real Name | Joseph Riddick “Rick” Hendrick III |
| Nick Name | Mr. H |
| Birth Place | Palmer Springs |
| Birthday | 12 July 1949 |
| Age/How old? | 74 years old |
| Occupation | Owner, Hendrick Motorsports |
| Sun Sign | Cancer |
| Spouse | Linda Hendrick |
| Kids | 2 |
| Info Updated on | November 2024 |
He is well known for being the founder of the American professional auto racing organization Hendrick Motorsports, which competes in the NASCAR Cup Series.
Moreover, he is also the founder of the Hendrick Automotive Group. He is also the co-owner of the American stock car racing team JR Motorsports with Dale Earnhardt Jr. and Kelley Earnhardt Miller.
As of Jan 2024, Rick Hendrick’s estimated net worth is $1 billion.
Rick’s Hendrick Motorsports has won over 274 NASCAR Cup series and 17 NASCAR Championships, including Cup, Truck, and Xfinity series.
With 17 NASCAR Championship wins, he became the one to win the championship in the consecutive three series besides Jack Roush and Richard Childress.
In 2017, Rick Hendrick got inducted into the NASCAR Hall of Fame. He also got inducted into the Motorsports Hall of Fame of America in March 2020.
Rick Hendrick’s Age & Birthday
Rick Hendrick Age
74 Years
Rick was born on 12th July 1949 in Warrenton, North Carolina, named Joseph Riddick Hendrick III.
According to his date of birth, Rick Hendrick is 74 years old.
Rick was born to Mary and Joseph Hendrick Jr. He grew up with his brother John on a farm near Palmer Springs, Virginia, where he developed his passion for drag racing.
At 14, he competed in a self-built 1931 Chevrolet. Later, Rick won the Chrysler-Plymouth Troubleshooting Contest of Virginia division in 1965.
Education
Rick Hendrick attended Park View High School in Virginia. In high school, he was interested in playing professional baseball.
After that, he went for a co-op work-study program offered by Westinghouse Electric Company and North Carolina State University.
Rick Hendrick’s Net Worth
Rick Hendrick has an approximate net worth of $1 billion as of 2024. He has earned all his wealth from his car racing and business career.
Rick Hendrick‘s company Hendrick Motorsports Team Value Estimates
According to the Forbes Hendrick Motorsports Team Value for the last 5 years as below
| Net Worth Year | Total Value |
|---|---|
| TEAM VALUE 2020 | $315 million |
| TEAM VALUE 2019 | $325 million |
| TEAM VALUE 2018 | $350 million |
| TEAM VALUE 2017 | $375 million |
| TEAM VALUE 2016 | $350 million |
How Rick Hendrick became a billionaire?
Career Journey
Rick Hendrick was 14 when he started drag racing in a self-built 1931 Chevrolet.
Later, he participated and won the Chrysler-Plymouth Troubleshooting Contest of Virginia division in 1965.
As an entrepreneur, Rick started a small used-car lot with Mike Leith.
He became the general sales manager of the company with hard work at 23.
Later, he purchased a franchise in Bennettsville, South Carolina, becoming the youngest Chevrolet dealer in the United States.
Inspired by Bennettsville’s success, Rick laid the foundation of the Hendrick Automotive Group.
The group operates in 13 states with 10,000 employees in over 100 franchises.
It is also the sixth-largest dealership in the United States, earning $3.5 billion in revenue in 2009.
In 2016, the company revenue got increased to $9 billion.
Apart from ownership, Rick finished 33rd and 15th in two races during the 1987 and 1988 Winston Cup series.
He also participated in the Busch and Craftsman Truck Series.
In the late 70s, Rick started a drag boat racing team, winning three championships.
The team set a world record of 222.2 mph with Nitro Fever.
In 1983, he won the NASCAR Model Sportsman Series with Dale Earnhardt at Charlotte Motor Speedway.
When Hendrick Motorsports is founded?
Rick Hendrick founded Hendrick Motorsports in 1984.
With 17 Drivers’ championship wins and 347 race wins, he is one of the most successful NASCAR team owners.
In December 2018, Rick announced his retirement from Hendrick Motorsports, and Jeff Gordon to be the next heir to the position.
Presently, he has four full drivers, including Kyle Larson, Alex Bowman, Chase Elliott, and William Byron for the NASCAR team.
Rick Hendrick in Real Estate
Rick purchased a 12,803-square-foot house in Charlotte for $3.65 million in 2000. The house has six bedrooms and eight baths.
Additionally, he owns a yacht for $35 million and a Gulfstream G-V private jet for $15 million.
Rick Hendrick in controversy
Rick got involved in mail fraud in 1997.
He was found guilty for offering BMWs, houses, and money to American Honda Motor Company executives in the 1980s.
As a punishment, Rick got sentenced to a year of home confinement with a $250,000 fine and additional three years of probation.
In 2000, President Bill Clinton pardoned him.
Rick Hendrick’s Wife and Kids
Rick Hendrick is married to Linda Hendrick. They met at an ice cream parlor. Together they have two children, Ricky and Lynn.
Unfortunately, his son Ricky, a previous NASCAR driver, died at 24 in a plane crash with nine other people, including Rick’s brother John and his two nieces, in 2004.
In 2011, Rick got his three ribs broken with a fractured clavicle after facing a plane crash at Key West International Airport with his wife, Linda.
Linda’s injuries were minor.
Summary
Rick Hendrick is an American businessman having a net worth of $1 billion as of May 2024. He is known for being the owner of Hendrick Motorsports and JR Motorsports.
Hendrick is also serving as the chairman of Hendrick Automotive Group.
The group has over 140 franchises across 13 states and is the 6th largest dealership in the United States, servicing 2.6 million vehicles per year.
Winning NASCAR races has helped Rick selling brands like Volvo, Mercedes, BMW, Toyota, and Porsche.
His best-selling cars include the Chevrolet Silverado 1500.
In 2017, Rick got inducted into the NASCAR Hall of Fame.
For charity, he donates to Hendrick Family Foundation to support poor children and families.
Quick Recap
Rick Hendrick’s real name or full name is Joseph Riddick “Ricky” Hendrick IV.
Rick Hendrick’s net worth is estimated to be approximately $1 Billion.
Rick Hendrick was born on 12 July 1949. According to his birthday, Rick Hendrick’s age is 74 years as of Jan 2024.
As per reports available on the Internet, Rick Hendrick is a billionaire he has a total net worth of $1 Billion.
He has been married to Linda Hendrick.
This is all story of how Rick Hendrick‘s net worth reached 1 billion dollars.
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