Joseph Riddick Hendrick III is a Palmer Springs, Virginia-born businessman who is best noted as the current owner of an American NASCAR team Hendrick Motorsports. Born on 12 July 1949, Joseph is better known as Rick Hendrick, and is also the founder and owner of Hendrick Automobile Group as well as Hendrik Marrow Program. A very successful businessman, Hendricks has been active in the automobile industry since his early 20s, and is still one of the famous names in his field.
A business tycoon when it comes to automobiles, how rich is Rick Hendrick? Rick’s current net worth has been estimated by sources at over $1 billion, amassed from his business career which revolves around the automobile industry. Rick lives in Charlotte, North Carolina where he owns a mansion and collects cars of his choice. His assets also include his private jets, in particular his favorite “Gulfstream V”.
Rick Hendrick Net Worth $1 Billion
Born into a typical family in Virginia, Rick kindled his love for automobiles as he worked together with his father on his farm, and re-built old cars. His passion for automobiles grew bigger as time went by, and after graduating from North Carolina State University, he went on to open a used-car lot with his friend and named it “Hendrick Automobile Group”. Eventually, Rick became the youngest Chevrolet dealer in the USA, after he had sold all his assets to purchase the franchise. Due to his efforts and hard work, Rick sold millions of cars and made his company one of the largest car dealers in the States. This success that continued to this day has obviously been adding vastly to Rick’s net worth.
Currently, the chairman of his company, Rick proved his love for cars and car races by appearing and driving in two races in the Winston Series in 1987 and 1988. Later, he took an extra step and became a team owner in NASCAR, which he continues to own and has four famous racing drivers at his side including Jimmie Johnson, Jeff Gordon, Dale Earnhardt Jr. and Kasey Kahne. His team races in the NASCAR Sprint Cup Series, which Jimmie Johnson has won six times for the owner. So Rick has been earning a lot from the NASCAR races,which has contributed extensively to Rick’s net worth at the present.
Talking about his personal life, Rick is a sixty-six year old businessman who has has been married to Linda Hendrick. After losing one son Ricky Hendrick, in a plane crash in 2004, the couple is now parent to their other son Lynn Carlson. The couple is also very prominent in philanthropic work as they have managed Hendrick Marrow Program which supports and serves bone marrow transplant patients. For this, Rick and Linda have been honored with a Leadership for Life award as presented by The Match Foundation. A man who grew with love for automobiles from the farms of Virginia with a dream to own a nice car of his own, Rick Hendrick has now made himself a billionaire, whose extraordinary life story lives to inspire young entrepreneurs and businessmen.
