Rick Hendrick’s Net Worth, Salary, Wife and Assets

Rick Hendrick has won 18 Driver's Championships as a Cup Series Team owner.


Rick Hendrick’s Net Worth, Salary, Wife and Assets

Rick Hendrick

Age73
OccupationNASCAR Team owner
Net Worth$1 Billion
NASCAR teamHendrick Motorsport
Marital StatusMarried to Lina Hendrick
ResidenceCharlotte, North Carolina
NationalityUSA
UpdatedJanuary 2023

Rick Hendrick is an American businessman, former stock racing driver, and owner of Hendrick Motorsports. He is also the co-owner of JR Motorsports. He is the founder of the Hendrick automotive group, a nationwide network of car dealerships spread over 13 states. Hendrick started racing aged 14 but could not reach the levels of success required to climb the motorsport ladder.

Therefore, Hendrick shifted his focus to the business. He opened a used car lot with a well-established new car dealer, Mike Leith. Impressed by Hendrick’s business acumen, Leith named him the company’s General Sales Manager, aged only 23. He became the nation’s youngest Chevrolet dealer at 26 years old. This was a precursor to the Hendrick automotive group, which has since become the sixth-largest car dealership in the United States.

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In 1984, Hendrick founded the All-Star Racing team, now Hendrick Motorsport. Even after impeccable business success, Hendrick’s childhood dream of driving was yet to be fulfilled. He got the opportunity to compete in 2 Cup Series races in 1987 and 1988, driving for his team Hendrick Motorsport. He also had one start in the Xfinity Series and the Camping Truck Series each.

Related: Joe Gibbs’ Net Worth, Salary, Wife, and Assets

Rick Hendrick’s Net Worth

Rick Hendrick with Richard Petty
Rick Hendrick with Richard Petty

Owing to his successful businesses, Hendrick is one of the wealthiest members of the NASCAR paddock. He is reported to be worth over $1 Billion. Most of his earnings come from the Hendrick Automotive Group, which has an annual revenue of over $9 Billion.

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Rick Hendrick’s Endorsements

Hendrick Motorsport
Hendrick Motorsport

Owing to Hendrick Motorsport’s success, the team has collected a large portfolio of big named sponsors such as Ally, Axalta, Chevrolet, Hooters, Valvoline, Siemens, HP, etc. Hendrick Motorsport is believed to be worth over $315 Million, with an annual revenue of $172 Million, as of 2020. With over 18 Driver’s Championships and 347 race wins, Hendrick Motorsport is one of the most successful NASCAR teams of the modern era.

Does Rick Hendrick have Charity?

Rick Hendrick at a Charity event  Via BillionaireToys.com
Rick Hendrick at a Charity event Via BillionaireToys.com

Hendrick is one of the most charitable team owners in NASCAR. In 1997, along with their Wife Linda, Hendrick founded the Hendrick Marrow Program. An organization that raises money to add potential donors to the Be a Match Foundation’s registry helps patients pay for transplantation costs that are not covered by insurance. The Foundation has raised over $15 Million since its inception.

Hendrick also founded the Hendrick Family Foundation, supporting other charitable organizations such as the Chase Elliott Foundation and the Jimmie Johnson Foundation. He also donated $200,000 to Ukraine during the Russian invasion in 2022.

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Rick Hendrick’s Drivers

Rick Hendrick with Kyle Larson

Hendrick’s Cup Series drivers include Kyle Larson, No.5; Chase Elliott, No.9; William Byron, No.24 and Alex Bowman, No.48. In 2018, Hendrick announced Jeff Gordon, a former Cup champion and current HMS vice-chairman, would be taking control of operations once he retired.

Rick Hendrick’s Assets

Hendrick's yacht 'Wheels' Via SuperYachtFan.com
Hendrick’s yacht ‘Wheels’ Via SuperYachtFan.com

Hendrick resides with his family in a large Charlotte, North Carolina mansion. Apart from holding a majority stake in Hendrick Motorsport, he is also the co-owner of JR Racing. He owns a Gulfstream V private jet, priced at just over $13 Million. Hendrick also owns a $30 Million yacht named ‘Wheels’. He pays $3 Million annually as running costs.

Rick Hendrick’s Wife and Family

Rick Hendrick with Wife Lynda Hendrick
Rick Hendrick with their Wife Lynda Hendrick

Hendrick is married to Lynda Hendrick. The couple met at an ice cream parlor. The pair had two children, Ricky Hendrick and Lynn Carlson. Ricky lost his life in a plane crash in 2004. Ricky’s fiancée gave birth to Josephine Riddick Hendrick shortly after his death.

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How old is Rick Hendrick?

Hendrick is 73 years old.

What is Rick Hendrick’s Net Worth?

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Hendrick is worth $1 Billion.

Who is Rick Hendrick’s wife?

Hendrick is married to Lynda Hendrick.

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