Kyle Larson, the accomplished American professional stock car racing driver, boasts an impressive net worth of $12 million. Born on July 31, 1992, Larson has made a name for himself both on and off the track. Currently driving the No. 5 Chevrolet Camaro ZL1 for Hendrick Motorsports in the NASCAR Cup Series, he also competes part-time in the NASCAR Xfinity Series for Kaulig Racing and Hendrick Motorsports.
Moreover, Larson races part-time in the NASCAR Craftsman Truck Series for Spire Motorsports, 410 Sprint Cars for Silva Motorsports, and Dirt Super Late Models for K&L Rumley Enterprises.
Larson’s prowess extends beyond stock car racing, as he has achieved remarkable success in dirt track racing, capturing victories in prestigious events such as the Kings Royal, Knoxville Nationals, and the Chili Bowl Nationals. Moreover, he showcased his versatility as a driver by winning the 24 Hours of Daytona sports car race in 2015 with Chip Ganassi Racing.
Acknowledging his outstanding accomplishments, Larson was honored as one of NASCAR’s 75 Greatest Drivers in 2023, solidifying his position as a prominent figure in the racing world.
Here’s the breakdown of his net worth:
| Name: | Kyle Larson |
| Net Worth: | $12 Million |
| Monthly Income: | $80 Thousand |
| Annual Salary: | $3 Million |
| Source of Wealth: | Race car driver |
Learn more: Richest Race Car Drivers in the World
Table of Contents
Early Career
Kyle Larson, born on July 31, 1992, in Elk Grove, California, showed an early passion for racing, attending his first race just a week after his birth. Starting at the age of seven, he began his racing journey in outlaw karts in Northern California.
As a teenager, Larson showcased his talent in various open-wheel car categories, such as USAC midget, Silver Crown, and sprint cars, competing for renowned teams like Keith Kunz Motorsports and Hoffman Racing. His remarkable skills earned him the nickname “Yung Money.”
Larson achieved notable victories, including a historic win at Eldora Speedway’s 4-Crown Nationals in 2011, becoming only the second driver to conquer all three types of USAC cars in a single night. Alongside his stock car career, he continued racing in open-wheel cars and occasionally competed in New Zealand during off-seasons.
Stock Car Racing
Kyle Larson joined Earnhardt Ganassi Racing in 2012 as part of their driver development program and made his first start in a full-bodied stock car, winning the Pete Orr Memorial Orange Blossom 100. Larson went on to compete in the NASCAR K&N Pro Series East, winning two races and clinching the championship in 2012. He also made his debut in the ARCA Racing Series and later won his first ARCA race at Pocono Raceway in 2014.
In the Camping World Truck Series, Larson made his debut in 2012 and earned his first win at Rockingham Speedway in 2013. He secured his second Truck Series win in 2016 and returned to the series in 2020, racing for GMS Racing and Niece Motorsports. Larson also had a successful stint in the Xfinity Series, winning his first race at Auto Club Speedway in 2014. He went on to earn two more Xfinity wins in his career.
Larson’s entry into the Sprint Cup Series (now NASCAR Cup Series) came in 2013 with Phoenix Racing, followed by a full-time ride with Chip Ganassi Racing in 2014. He earned his first Cup Series win at Michigan in 2016, and his second Cup win came at Richmond in 2017. Larson consistently performed well, making the playoffs multiple times and finishing in the top 10 in points.
However, Larson faced controversy in 2020 when he used a racial slur during an iRacing event, resulting in his suspension from NASCAR and the termination of his sponsorship deals. Larson was released from Chip Ganassi Racing and replaced by Matt Kenseth for the remainder of the 2020 season. He underwent sensitivity training and apologized for his actions, seeking reinstatement to the Cup Series.
In 2021, Larson’s suspension was lifted, and he returned to racing with Hendrick Motorsports, driving the No. 5 Chevrolet. He had a remarkable comeback season, winning multiple races and becoming a championship contender. Larson secured his first championship appearance and had a strong performance in the playoffs, ultimately winning the NASCAR Cup Series championship in 2021.
Hendrick Motorsports
Since joining Hendrick Motorsports in 2021, Kyle Larson has enjoyed a highly successful tenure with the team. In his debut season, Larson showcased his talent by securing multiple wins and contending for the championship. He won his first race with Hendrick Motorsports at Las Vegas, followed by dominant performances at the Coca-Cola 600, where he led 327 of 400 laps, and at Sonoma, earning his first road course win.
Larson continued his winning streak, claiming victory at Texas and Nashville, and came close to securing four consecutive wins at the Pocono doubleheader. He also clinched wins at Watkins Glen, Bristol, and Kansas, becoming the first driver since Dale Earnhardt in 1987 to achieve three straight wins twice in a season. Larson’s exceptional performance during the regular season earned him the regular season championship.
In the playoffs, Larson remained a strong contender. He advanced to the Round of 8 after winning the race at the Charlotte Roval, becoming the first driver in NASCAR Cup Series history to win three different road courses in a single season. Larson secured his place in the Championship 4 by winning the races at Texas and Kansas. In the season finale at Phoenix Raceway, Larson started on the pole and clinched his 10th win of the season, securing the 2021 NASCAR Cup Series Championship. He became the first driver since Jimmie Johnson in 2007 to win both the championship and have 10 wins in a single season.
In the following season, Larson continued to showcase his prowess on the track. He earned wins at Auto Club Speedway and Watkins Glen, solidifying his position as a top contender. Larson faced challenges throughout the season, including engine issues and altercations on the track, but he remained a force to be reckoned with. He finished the 2022 season in seventh place in the points standings.
Entering the 2023 season, Larson encountered some setbacks, including penalties and suspensions for an unapproved car modification. However, he bounced back with strong performances, securing wins at Richmond and Martinsville. Larson also added another All-Star Race win to his impressive record, tying the likes of Dale Earnhardt and Jeff Gordon as a three-time winner of the event.
Dirt Track Racing
Kyle Larson is a prominent figure in dirt track racing. He owned a World of Outlaws sprint car team called Kyle Larson Racing, which competed with Carson Macedo as the driver. However, the team closed after the 2020 season due to the COVID-19 pandemic and other issues. Larson continued racing on a limited schedule, driving for his own team in midgets and partnering with Paul Silva for winged sprint car events.
In 2020, Larson achieved notable victories, including his first-ever Chili Bowl win and his return to the World of Outlaws Sprint Car Series after a suspension. He secured his first World of Outlaws victory since his NASCAR suspension by triumphing over his brother-in-law, Brad Sweet.
Larson’s success extended beyond sprint cars. He joined the USAC series for the 2020 Indiana Midget Week and won all six races, ultimately claiming the championship. He also competed in the Pennsylvania Speedweek for 410 Sprint cars, winning several events and earning the title. Larson’s achievements led to him being named the 410 Sprint Car Driver of the Year for the 2020 season.
Expanding his racing endeavors, Larson made his debut in a dirt late model in the Lucas Oil Late Model Dirt Series, where he secured a victory in only his second start. He also participated in the USAC Silver Crown Series, winning the season finale. Larson further showcased his skills by setting records and achieving notable finishes in various races, including the Dirt Track World Championship and the World of Outlaws Late Model Series.
Despite signing with Hendrick Motorsports for the NASCAR Cup Series, Larson continued his dirt racing career, winning back-to-back Chili Bowl Nationals in 2021 and earning victories in events such as the BC39 race and the Knoxville Nationals.
Career Earnings
Kyle Larson’s career earnings have been significant, reflecting his success and talent in the world of racing. Between June 2018 and June 2019, Larson earned an impressive $9 million, with the majority of his earnings stemming from his salary and winnings. This income secured his position among the top 10 highest-paid NASCAR drivers globally during that period.
However, Larson faced a setback in his career when he made a racist remark, which resulted in the loss of several sponsors. Despite this setback, Larson made a remarkable comeback in 2021 after signing with Hendrick Motorsports. During that year, he earned $8 million, showcasing his ability to rebound and perform at a high level.
Overall, throughout his racing career, Kyle Larson has accumulated a total of $26 million in earnings, encompassing both salary and winnings.
Personal Life
Kyle Larson’s mother is of Japanese American descent, and her parents experienced the hardships of being interned in a Japanese internment camp.
Larson is married to Katelyn Sweet, who happens to be the sister of both World of Outlaw sprint driver and NASCAR driver Brad Sweet. Their relationship took a significant step forward when Larson announced on June 13, 2014, that he and his girlfriend were expecting a child. Excitement grew as Larson shared the news on July 16 that they were having a baby boy. Subsequently, on December 22, 2014, their son Owen Miyata Larson was born, bringing immense joy to the couple.
The family expanded further when Larson announced on social media, on November 8, 2017, that he and Katelyn were expecting their second child. Their daughter, Audrey Layne Larson, was born in 2018, adding another cherished member to their growing family.
The love between Larson and Katelyn continued to flourish, as they became engaged on December 22, 2017. They then exchanged vows on September 26, 2018, sealing their commitment to each other in marriage.
Recently, Larson and Katelyn welcomed their third child, a son named Cooper Donald Larson, on December 31, 2022, further enriching their lives and bringing happiness to their growing family.
Kyle Larson Quotes
When I think of a rivalry, I think of two drivers who butt heads.
I think people like that I speak my mind, but I think I can speak my mind in a better way sometimes and choose my words a little bit more wisely.
Elk Grove will always be home.
Everything about the compound there at Hendrick Motorsports just down the street is perfect. Everything down to the way they mow the lawn. It looks amazing.
I know deep down I’m not a racist.
I hate breakfast, so I’ve got to find somethings that I like to eat in the morning and just make sure I drink enough fluids.