• Thu. May 26th, 2022

How Much is Rick Hendrick Worth?


May 5, 2022

$1 Billion in Net Worth
Rick Hendrick’s net worth is unknown. Rick Hendrick is a billionaire businessman, entrepreneur, and retired race car driver from the United States of America. Hendrick is best known as the owner of Hendrick Motorsports, a NASCAR team. Additionally, he owns the Hendrick Automotive Group, which operates 140 franchises in 14 states. Rick serves as chairman of the company, which is the sixth-largest in the United States. Since 1984, he has owned Hendrick Motorsports, which currently fields four full-time drivers: Jimmie Johnson, Chase Elliott, Alex Bowman, and William Byron. Jeff Gordon, Dale Earnhardt Jr., and Kasey Kahne are among his former drivers. Hendrick Motorsports has won 12 championships in the Monster Energy Cup Series (now known as the NASCAR Cup Series).


Rick Hendrick was born Joseph Riddick Hendrick III in Warrenton, North Carolina, on July 12, 1949. Rick and his brother, John, were raised on a farm near Palmer Springs, Virginia, by his parents, Mary and Joseph. Rick built a 1931 Chevrolet and began drag racing at the age of 14, and at the age of 16, he won the Chrysler-Plymouth Troubleshooting Contest (Virginia division). Hendrick graduated from Park View High School in Virginia and, despite his initial interest in baseball, enrolled in a co-op work study program offered by Westinghouse Electric Company and North Carolina State University following graduation.


Hendrick began his career after college, when he opened a small used-car lot and was promoted to general sales manager at the age of 23. Rick became America’s youngest Chevrolet dealer at the age of 26 after purchasing a franchise in Bennettsville, South Carolina. He later founded Hendrick Automotive Group, which employs more than 10,000 people. The company earned $9 billion in revenue in 2016.


Hendrick raced in the NASCAR Sprint Cup Series, NASCAR Nationwide Series, and NASCAR Camping World Truck Series as a race car driver. In the late 1970s, he also founded a drag boat racing team that won three championships and set a world record. Rick later co-owned and sponsored several NASCAR Late Model Sportsman Series cars, winning a race in 1983 alongside Dale Earnhardt. Hendrick founded All-Star Racing (now known as Hendrick Motorsports) the following year, fielding a NASCAR Winston Cup team. The team competed in 30 races and finished ninth overall with driver Geoff Bodine.


Rick has 16 Drivers’ Championships, 345 race victories, and 290 pole positions as a team owner with Hendrick Motorsports and JR Motorsports (which Hendrick co-owns with Dale Earnhardt Jr. and Kelly Earnhardt Miller), and many consider him to be NASCAR’s most successful team owner. Hendrick Motorsports’ headquarters are located in Concord, North Carolina, on a 140-acre property; the 430,000-square-foot facility employs 600 people. Hendrick announced in December 2018 that Jeff Gordon would take over Hendrick Motorsports following Rick’s retirement.

Rick met his future wife, Linda, at an ice cream parlor, and the couple eventually had two children, Ricky and Lynn. Ricky grew up dreaming of becoming a race car driver, but tragically died in a plane crash in 2004 at the age of 24. In addition to Rick, nine other people died in the crash, including his brother and two nieces. Rick and Linda were passengers on a plane that crashed at Key West International Airport in 2011; Linda sustained minor injuries, but Rick sustained a fractured clavicle and three broken ribs.


Hendrick was diagnosed in 1996 with chronic myelogenous leukemia and has been cancer-free since 1999. Rick pleaded guilty to mail fraud in 1997 and was sentenced to a year of home confinement, a $250,000 fine, and three years’ probation. He admitted in the 1980s to giving BMWs, houses, and large sums of money to executives of the American Honda Motor Company, but President Bill Clinton pardoned him in 2000.


Rick and Linda founded the Hendrick Marrow Program in 1997 to raise funds to add potential donors to the Be The Match Foundation’s registry and to assist patients with costs not covered by insurance. Rick and Linda received the Be The Match Foundation’s Leadership for a Life Award in 1999. Hendrick also supports Levin Children’s Hospital in Charlotte and The Hendrick Foundation for Children, which his late brother founded in 2004. In 2016, Rick and Linda founded the Hendrick Family Foundation, which now includes the Hendrick Marrow Program (which has raised more than $15 million since its inception). The Hendrick Family Foundation supports charities founded by Hendrick Motorsports drivers, including the Chase Elliott Foundation, which provides financial support to other charitable organizations, and the Jimmie Johnson Foundation, which has donated to numerous charities and raises funds for K-12 public education through their Jimmie Johnson Foundation Champions Grant program.


Hendrick was awarded The Order of the Long Leaf Pine, North Carolina’s highest civilian honor, in 1996. Additionally, he was presented with a Horatio Alger Award by the Horatio Alger Association of Distinguished Americans that year. Rick was presented with the Bill France Award of Excellence during the 2009 Sprint Cup Series Awards Ceremony, and he was also presented with the Automotive News Lifetime Achievement Award in 2014. Hendrick was inducted into the NASCAR Hall of Fame in 2017, the International Motorsports Hall of Fame in 2013, and the America’s Motorsports Hall of Fame in 2013. (2020).


Rick spent $3.65 million in 2000 on a 12,803-square-foot home in Charlotte. Six bedrooms and eight bathrooms are included in the house. Hendrick is also rumored to own a $35 million yacht and a $15 million Gulfstream G-V private jet.

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