Richard Petty, famously known as The King, is one of the most legendary figures in NASCAR history.
His career spanned decades, with record-breaking wins and massive financial success. But how did he accumulate his wealth?
This article breaks down Richard Petty net worth, his salary during his racing years, and his financial ventures beyond NASCAR.
Richard Petty Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Richard Lee Petty |
| Popular Name | Richard Petty |
| Birth Date | July 2, 1937 |
| Age | 87 years old (As of 02/17/2025) |
| Birthplace | Level Cross, North Carolina, U.S. |
| Nationality | American |
| Ethnicity | White |
| Education | Randleman High School, Greensboro Junior College |
| Marital Status | Widowed |
| Spouse | Lynda Owens (1958–2014) |
| Children | 4 (including Kyle Petty) |
| Dating | N/A |
| Siblings | Maurice Petty |
| Parents | Lee Petty, Elizabeth Petty |
| Height | 1.86 meters |
| Net Worth | $65 million (estimated) |
| Source of Wealth | Racing, Sponsorships, Business Ventures |
What is the Net Worth Of Richard Petty in 2025?
Richard Petty’s net worth in 2025 is estimated at $65 million. His fortune comes from a mix of NASCAR winnings, sponsorship deals, and successful business ventures.
Compared to other racing legends, his net worth remains among the highest in motorsports history.
Related Figures in Motorsports & Business:
- Dale Earnhardt
- Jimmie Johnson
- Kyle Petty
- Lee Petty
- Jeff Gordon
- Tony Stewart
- Dale Earnhardt Jr.
- Cale Yarborough
- NASCAR Hall of Fame Members
- Petty Enterprises
For more on the highest-paid athletes and celebrities, check out this list.
Richard Petty Wealth, Salary, and Financial Overview
How Did He Build His Wealth Over the Years?
Richard Petty’s fortune didn’t come overnight. His career began in 1958, following in the footsteps of his father, Lee Petty, a NASCAR pioneer. By the 1960s, he was already breaking records, with multiple wins that solidified his legacy.
His first significant financial breakthrough came in 1964, when he won his first NASCAR championship. With every major win, his earnings grew. In 1967, he set a record by winning 27 races in a single season, a feat unmatched in NASCAR history.
By the 1970s, his dominance on the track led to major sponsorship deals, including a long-term partnership with STP, which transformed his financial landscape.
What Are His Main Sources of Income?
Richard Petty’s wealth extends beyond his race winnings. His income sources include:
- NASCAR Prize Money: His 200 career victories earned him millions in winnings.
- Sponsorship Deals: Long-term partnerships with brands like STP, Cheerios, and Goody’s Headache Powder.
- Business Ventures: Owner of Petty’s Garage, a car restoration business.
- Media Appearances: Served as a NASCAR analyst and guest speaker.
- Team Ownership: He co-founded Richard Petty Motorsports, further securing his financial future.
How Much Was His Salary During His Racing Career?
During the peak of his career, NASCAR salaries weren’t publicly disclosed like today. However, based on estimates, top drivers in the 1970s and 1980s earned millions annually from prize money and endorsements.
- He was among the first NASCAR drivers to surpass $1 million in total earnings.
- Daytona 500 Wins (7 times) boosted his earnings significantly.
- By 1984, when he won his 200th race, he had already earned tens of millions from racing alone.
What Business Ventures Has He Invested In?
After retiring in 1992, Petty remained active in the business world. His key ventures include:
- Petty’s Garage: A leading car restoration and modification shop.
- Richard Petty Motorsports: A NASCAR team that competed in the Cup Series.
- Victory Junction: A charity foundation supporting children with serious illnesses.
- Endorsements: Deals with Liberty Medical, Cheerios, and Goody’s kept his income steady.
How Does He Manage His Finances Today?
Even in retirement, Petty remains a savvy businessman. His financial strategies include:
- Investments in Motorsports: Ensuring his legacy remains profitable.
- Brand Licensing: His name and likeness are valuable assets.
- Philanthropy: Through Victory Junction, he gives back to the community.
His long-term financial success proves that being a smart investor and entrepreneur is just as important as winning on the track.
What Are the Key Financial Lessons from His Career?
Richard Petty’s financial journey offers valuable takeaways:
- Diversify Your Income: He didn’t rely solely on race winnings—he built businesses and sponsorship deals.
- Longevity Pays Off: His 35-year career ensured long-term financial stability.
- Branding Matters: His signature STP partnership is still one of NASCAR’s most iconic sponsorships.
Conclusion
Richard Petty’s net worth in 2025 remains impressive, proving that financial success in motorsports extends beyond racing. His career earnings, business ventures, and smart investments continue to keep him among the wealthiest figures in NASCAR history.
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