Kyle Petty, the former NASCAR driver and scion of the legendary Petty racing family, has amassed a net worth of $20 million. Throughout his racing career, which spanned over three decades, Petty earned an estimated $32 million from race winnings, sponsorships, and other sources.
He achieved notable success with eight NASCAR Sprint Cup Series wins, 173 Top Ten finishes, and eight poles. After retiring in 2008, Petty transitioned to a career in broadcasting and currently serves as a co-host for popular NASCAR shows.
Beyond racing, Petty has made contributions to charitable causes and briefly pursued a career in music. His net worth stands as a testament to his accomplishments and enduring legacy in the world of motorsports.
Here’s the breakdown of his net worth:
|Net Worth:||$20 Million|
|Monthly Income:||$100 Thousand|
|Annual Salary:||$3 Million|
|Source of Wealth:||Race car driver, Commentator, Presenter, Actor|
Learn more: Richest Race Car Drivers in the World
Table of Contents
Early Career and Rise to Prominence
From a young age, Kyle Petty was surrounded by cars and the thrill of racing. Following his high school graduation, he quickly made his major league debut and won his first race, setting the stage for his future success. Initially racing in his father and grandfather’s hand-me-down cars, he steadily built a reputation for himself with a series of commendable finishes.
In 1985, he secured sponsorship from 7-Eleven and joined Wood Brothers Racing, which marked the beginning of his ascent in the stock car ranks. Over the span of 30 years, Kyle Petty achieved eight NASCAR Sprint Cup Series wins, 173 Top Ten finishes, and eight poles.
Notably, he finished fifth in the nation in 1992 and 1993. Following his retirement in 2008, he transitioned to a career as a color commentator and currently serves as a co-host for “NASCAR RaceDay” and “NASCAR Trackside” on SPEED.
Family Legacy and Personal Life
Born on June 2, 1960, in Randleman, North Carolina, Kyle Petty was raised in a close-knit family. His father, Richard Petty, and grandfather, Lee Petty, were both successful NASCAR drivers, setting a high standard for Kyle to follow.
With racing in his blood, Kyle made his major-league stock car debut at the age of 18, winning the 1979 Daytona ARCA 200 and becoming the youngest driver to achieve such a feat.
His personal life saw him marry Pattie Petty in 1979, with whom he had several children. They divorced in 2012, and in 2015, Kyle married Morgan Petty, adding to his family of seven children.
Career Achievements and Setbacks
Throughout his career, Kyle Petty experienced remarkable highs and challenging lows. From his breakthrough victory at the 1986 Miller High Life 400 to finishing fifth in the points standings in 1992 and 1993, Petty consistently showcased his racing prowess.
However, setbacks such as a broken leg in a crash during the 1991 Winston 500 and subsequent missed races tested his resilience.
Despite the obstacles, he rebounded and continued to achieve success, including winning the Champion Spark Plug at Pocono in 1993. Petty’s determination and skill allowed him to make a lasting impact in the racing world.
Contributions Beyond Racing
Kyle Petty’s influence extends beyond the racetrack. He has actively participated in various charitable causes, most notably Victory Junction.
Established to honor his late son, Adam Petty, who tragically passed away in a racing accident at the age of 19, Victory Junction serves children with serious illnesses and chronic medical conditions.
Kyle’s commitment to giving back to the community showcases his compassionate nature and the importance of supporting those in need.
Life Beyond Racing
Apart from his racing career, Petty briefly pursued a career as a professional country musician. Although he released a single called “The Other Guy” and performed as an opening act for renowned musicians, disagreements with his record company and management halted the production of his album.
In 2017, Petty provided his voice for a character in the animated film “Cars 3,” further showcasing his diverse talents and interests.
Real Estate Ventures
In addition to his endeavors in racing and music, Kyle Petty has made investments in real estate. In 2016, he and his ex-wife listed a 380-acre estate called Adaumont Farm in Trinity, North Carolina, for $5.5 million.
The property, featuring a lakefront mansion and a versatile 25,000 square foot barn/event center, was sold for $5.3 million.
Furthermore, Petty built a beachfront home in Isle of Palms, South Carolina, which he listed for sale in 2011 and ultimately sold for $3.85 million.
Kyle Petty Quotes
Speed is relative. Does it feel fast going 70 miles per hour down an eight lane highway? No, probably not, but I bet it does if you are going down some single lane dirt road. It’s the same in a race car. It depends on the track.
We lost one child and we gained ten thousand children.
The truth is, the longer it goes, the harder it gets.
Faith is believing that there’s somebody there to make you stronger. There’s somebody there that won’t leave you alone; God’s always standing by you. That’s what that is.
I don’t think political correctness doesn’t make any difference. Once that’s in your DNA, you don’t pass an ordinance or pass a law or all of the sudden change your DNA.
You had life by the tail and didn’t know it.