Roger Penske Net Worth

Roger Penske has an estimated net worth of $11.6 billion, according to Forbes Real-Time Billionaires, Roger Penske profile (figures as of October 20, 2026). That is up from $1.5 billion in 2019.

Roger Penske is an American businessman, former race car driver, and racing team owner. He built his name in motorsports first, earning Sports Illustrated's race car driver of the year honor in 1961. After racing, he shifted his focus to business and opened a car dealership in Philadelphia in 1965. That move became the base for Penske Corporation, where he serves as founder, chairman, and CEO, with transportation and automotive operations at the center.

His wealth comes from cars and transportation services. Penske started with one dealership, using a $75,000 loan from his father, and later expanded into truck leasing and auto retail. Penske Truck Leasing began in 1969 after he bought a truck rental and leasing business in eastern Pennsylvania. His publicly traded subsidiary Penske Automotive Group is known for auto dealerships and yellow rental trucks. Forbes put his net worth at $11.6 billion in October 2026.

How Roger Penske built his fortune

Penske's business career grew out of the car business. He worked at Alcoa after college, then became manager of a Chevrolet dealership in Philadelphia in 1963. He bought that dealership a year later and retired from driving in 1965 to focus on it. From there, he built a larger transportation company under Penske Corporation, which now brings in over $43 billion in revenue and includes several automotive and trucking businesses.

A big part of the empire is Penske Automotive Group, a publicly traded company known for selling new and used cars through its dealerships. The business is also tied to the yellow rental trucks that many people recognize. Penske also expanded into racing ownership through Team Penske, which became one of the strongest teams in IndyCar and NASCAR. In 2020, Penske Corporation added another major asset when it acquired the Indianapolis Motor Speedway.

Forbes net worth updates

Forbes has tracked a sharp rise in Penske's fortune in recent years. Its estimate moved from $1.5 billion in 2019 to $1.1 billion in 2020, then climbed to $2.1 billion in 2021 and $2.9 billion in 2022. Forbes later raised the estimate to $3.2 billion in 2023 and $4 billion in 2024. Those changes came as his transportation and automotive holdings remained the core of his wealth.

The gains continued after that. Forbes valued Penske at $6.2 billion in 2025 and $7.3 billion in 2026 on its World's Billionaires List. On Forbes' real-time billionaires tracker, the figure reached $11.6 billion in October 2026. His money is tied to cars, transportation services, and related businesses, including Penske Corporation and the publicly traded Penske Automotive Group, plus major racing assets such as the Indianapolis Motor Speedway.