NASCAR is an extremely competitive sport working at the highest level of stock car racing. The teams in NASCAR are managed and owned by some of the wealthiest and most successful people who have a flair for being the best in the business. There are many big names in the sport like Richard Childress, Rick Hendrick, Dale Earnhardt Jr. and Richard Petty who have fielded some of the best teams in NASCAR. A NASCAR team can field up to four competitive cars provided they have the resources.
In NASCAR managing a full-time Cup Series team is a very difficult task. The schedule involves 36 back to back races throughout the season. Every team needs to have a certain number of members in the pit crew and the management for their respective drivers.
The final straw comes with the sponsors, who are the backbone behind their funding. There are many smaller teams who had to stop their business in the Cup Series due to lack of such resources or poor results. However, the pomp and glamor of NASCAR racing attracts many popular celebrities who try to take a shot at fielding a NASCAR Cup Series car.
Celebrities who own NASCAR Teams
The popular celebrities who own a NASCAR team are Brad Daugherty, Joe Gibbs, Michael Jordan, and Pitbull. They are currently fielding active teams in NASCAR Cup Series and proving their business skills.
Michael Jordan
The NBA Hall of Fame player, who is also regarded as the greatest basketball player of all time by many, joined hands with his dear friend Denny Hamlin to form a race team in 2020. Team 23XI Racing which consists of their official jersey numbers is a full-time Cup Series Racing Team. It debuted in 2021 with Bubba Wallace and attracted a lot of attention with its success.
Joe Gibbs
Joe Gibbs is a Pro Football Hall of Famer and former Super Bowl Coach. He founded the Joe Gibbs Racing Team in 1992. It is the most successful team owned by any celebrity with 209 race wins and five Driver Championships in the Cup Series. Denny Hamlin is the most notable driver in JGR currently.
Pitbull
Brad Daugherty
Read more About Most wins in NASCAR
FAQ's On celebrities own NASCAR teams
A. Roger Penske, the owner of Team Penske is the richest NASCAR owner with a net worth of $4.1 billion, as per Forbes.
A. Pitbull is the singer and rapper, who owns the NASCAR team Tarackhouse Racing.
A. LeBron James has a part-ownership stake in the RFK Racing Team.
A. Michael Jordan and Brad Daugherty are the NBA players who own the 23XI NASCAR team.
A. Frankie Muniz is the actor who has joined NASCAR racing in the ARCA Series.
