Business

Jay Penske Net Worth

Jay Penske Net Worth is
$200 Million

Jay Penske Bio/Wiki, Net Worth, Married 2018

Jay Penske is an American media and publishing entrepreneur, born in Nyc and now located in LA. Penske is the founder, Chairman and CEO of PMC. In 2014, PMC got Fairchild Publishing from Cond Nast for $100million, the Fairchild company was previously sold to Cond Nast by Disney in 1999 for $650million. PMC’s other owned and managed brands now comprise: Variety.com, Variety_(magazine), Deadline.com, MovieLine.com, HollywoodLife.com, LA411, NY411, TVLine.com, BGR.com, CricketCountry.com, India.com, StyleAwards, Breakthrough Awards, VarietyLatino.com, along with other digital publishing assets. Penske was also previously the creator and CEO of Mail.com, the e-mail and portal service which PMC sold to the German media firm United Internet for an amount between 50 100Million in 2010. In addition he also cofounded and was Chairman of Firefly Mobile, Inc., a wireless business that developed the Firefly mobile phone for kids, and other youth targeted cellular telephone products. Penske also possesses an IndyCar Series racing team with Steve Luczo, the Chairman of Seagate Technologies. Luczo Dragon Racing’s Raphael Matos won rookie of the year honours in 2009. The team name is derived from Penske’s love of novels and company interest Dragon Books, Ltd., and his associate’s last name. For 2010, Penske’s racing team had former Indy Lights champion Raphael Matos behind the wheel of the HP #2 auto for the total Indycar Series lap of occasions. In 2011, the name of the team switched to Dragon Racing, with Penske as the only owner, and Paul Tracy was declared as the motorist. In 2012 the team intended to run Lotus engines using a two-car team composed of Sebastien Bourdais and Katherine Legge. Due to problems with all the Lotus engines Dragon Racing changed to Chevrolet for the Indy 500.

Jay Penske Net Worth $200 Million Dollars

Source
Wikipedia


Net Worth$200 Million
Date Of BirthNew York City, New York, United States)
Place Of BirthNew York City
ProfessionBusinessperson
EducationSt. Mary's Preparatory, University of Pennsylvania, Wharton School of the University of Pennsylvania
NationalityUnited States of America
SpouseElaine Irwin (m. 2012)
ParentsRoger Penske

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