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Richard Childress Net Worth 2020


Facts of Richard Childress Networth

Full NameRichard Childress
First NameRichard
Last NameChildress
Birth NameRichard Childress
ProfessionRetired racer
Birth CityWinston-Salem, North Carolina
Birth CountryUnited States of America
Gender IdentityMale
Sexual OrientationStraight
Marital StatusMarried
SpouseJudy Childress
No Of Children1
Networth$250 M
Date of BirthSeptember 21,1945
Age74 years

Former NASCAR Driver Richard Childress' Net Worth Counts In Multi-Million

Richard Childress, the 6-time Winston Cup Series Champion car owner is an American former racer who competed in NASCAR for 10 years (1971-1981). Well, the 2017 NASCAR Hall of Fame owns the net worth of around $200 million as of August 2019.

Throughout his racing career, Childress competed in 285 races in Monster Energy NASCAR Cup Series, finishing 76- Top 10s, but without a victory. Aside from racing, he earns massive sum as the owner of racing team Richard Childress Racing (RCR) that earned him numerous achievements & thick money.

Currently, the former NASCAR racer is a member of Board of Directors to the National Rifle Association. He also got handy success in business investments: A vineyard in the Yadkin Valley AVA and an American Viticultural Area.

Road To $200 Million Fortune: Income Sources & Salary

Considered one of the wealthiest personalities in North Carolina, Richard Childress has an estimated net worth of $250 million as of August 2019, according to Celebrity Net Worth.

On the contrary, The Richest point out his fortune to be in the neighborhood of $200 million. Well, the former NASCAR racer Jeff Gordon (owns $200 million) has the nearly same worth as of Childress.

Richard Childress began racing for NASCAR in 1971 and later retired in 1981. Soon after, the retired racer hired Winston Cup Champion Dale Earnhardt to take over his No. 3 ride, who eventually brought Childress sponsorship from Wrangler. 

While, Richard, after retirement, began serving as the sole owner of Richard Childress Racing (founded in 1969 & debut by Richard self).

Retired racer Richard Childress is owner of Richard Childress Racing, has $250 million net worth
Retired racer Richard Childress is owner of Richard Childress Racing, has $250 million net worth

Starting his racing career after the purchase of a racecar for $20 in 1965, Childress recorded 285 races in Monster Energy NASCAR Cup Series and 17 races in NASCAR Grand National East Series, until retirement.

Without a doubt, Childress has been an inspiration to many racers like Tony Stewart, Carl Edwards, and Danica Patrick.

Even though the former NASCAR racer is yet to announce his salary from racing, he probably earned a massive sum.

Venture & Accomplishment From Richard Childress Racing (RCR)

As the owner of Richard Childress Racing (RCR), one of most successful racing NASCAR team, Richard enjoys showers of millions.

From 1968-1981, Childress himself drove for the team, later followed by Ricky Rudd (1982-1983) and Dale Earnhardt (1984-2001). Since 2014, his eldest grandson Austin Dillon drives the No. 3 car for the RCR.

The RCR's other Monster Energy NASCAR cars' most recent racers/companies include:

  1. Car No. 8- Daniel Hemric (2018-present)
  2. Car No. 29- Kevin Harvick (2001-2013)
  3. Car No. 31- Tyler Reddick (2019)
  4. Car No. 33- Circle Sports LLC (2012-2015, shut down later)
  5. Car No. 98 Chevrolet- Austin Dillon (Debuted at Kansas in October 2011)
Former NASCAR racer Richard Childress earns massive sum from ownership of Richard Childress Racing
Former NASCAR racer Richard Childress earns massive sum from ownership of Richard Childress Racing

As reported, Richard's team Richard Childress Racing (RCR) records 13 Champion wins, including 6-Monster Energy NASCAR Cup Series, 4-Xfinity Series, 2-Camping World Truck Series, and 1-ARCA Racing Series.

Sources report that RCR employees earn an average salary of $61,224 per year. 

Furthermore, a Social Media Manager pockets $52,968, Mechanical Engineer makes $41,569 and a Director of Strategy earns $108,177 per year.

Business Investments & Sponsorship

The former NASCAR racer made a hefty sum with his business ventures; Richard owns Childress Vineyards winery in Lexington and Richard Childress Racing Museum.

Well, the museum on a line of numerous racing maintenance shops features Childress- Earnhardt legacy winning cars, along with other most successful cars and iconic moments:

  1. 2018 No. 3 Dow Chevrolet, driven to victory by Austin Dillon in the Daytona 500
  2. 2017 No. 3 Dow Chevrolet, driven to victory by Austin Dillon in the Coca-Cola 600
  3. 2007 No. 29 Chevrolet- Left Victory Lane after RCR’s second Daytona 500
  4. 2003 Brickyard 400-winning No. 29 Chevrolet
  5. 2001 No. 29 Chevrolet, driven to victory by Kevin Harvick at Atlanta Motor Speedway
  6. 1998 Budweiser Shootout-winning No. 31 Chevrolet driven by Mike Skinner

 As reported, his NASCAR team Richard Childress Racing has numerous endorsements; some major sponsorship includes Dow, Symbicort, Realtree, AAA Mid-Atlantic, American Ethanol, Coca-Cola,  Red Kap, VF Workwear, Cessna, Kalahari Resorts and Chevrolet.

Currently, Richard Childress is on the Board of Director to National Rifle Association (NRA). In 2017, he elevated to First Vice President from Second Vice President and is expected to serve as the organization's president from 2019 to 2021.

Assets & Lifestyle: House, Cars & Expenses

As of now, Richard Childress lives in his house in Lexington, North Carolina; his residence is one of the largest mansions in the area, estimated to be worth millions of dollars.

Moreover, Richard owns another house in Spruce Creek Fly-In, Port Orange, Florida, bought from friend Mark Martin.

Without a doubt, Childress lives a lavish lifestyle with such a huge fortune.

The average house price in Lexington is $130,500 accompanied by the house insurance premium of $1,000 per year.

Richard Childress's lavish house in Lexington, North Carolina
Richard Childress's lavish house in Lexington, North Carolina

Back in December 2017, Childress' North Carolina house became a subject of highlight after 3 robbers broke into the property.

Many sources headlined the news as sarcasm citing "Wrong House To Rob" as Childress fired gunshots at the robbers before they ran away.

Later, following the arrest of suspects, sources report that they faced an additional $200,000 bail bond, upon the remaining $250,000 bond.

Also, Richard Childress surely owns a collection of luxury cars, including numerous Chevys. 

Even though no report on his car collection is out but surely can own lavish rides including Mercedes, Aston Martin, Ford and many more.

Expenses On Luxury & Tax

Apart from expenses on daily life luxury, the former racer's expenditure covers travels & accommodation.

Since Richard Childress lives in North Carolina and owns the property in the area, he becomes liable to the state's tax policy. Well, a house owner in North Carolina has to pay 0.742% of its assessed value as property tax.

Also, the income tax calls on $4.42 million upon the annual revenue of $10 million.

Charity Works

Well, the NASCAR car race veteran is active in charity works and has associations with many non-profit organizations. 

With his wife Judy, Richard established The Childress Institute for Pediatric Trauma that focuses on funding research and medical education for disabled children.

Controversies Cost Childress A Huge Sum

Over the years, alongside his achievement, Richard also became ill-famed due to numerous controversies.

In June 2011, Childress got in a physical dispute with Camping World Truck Series owner Kyler Busch, that cost him a fine of $150,000 and probation for a year.

After rumors of tires deflation by NASCAR team came up in 2015, the NASCAR officials conducted research which got Childress' team RCR in penalty. For a fact, the tire deflation gained cars more control and grip on the track.

The fine amount first reported being $125,000, though was later reduced to $75,000 after Childress filed an appeal to the National Motorsports Appeal Panel. However, it got Lambert and other key players on suspension.

Richard Childress' Age, Height, Family, Wife, Children & Grandchildren

Richard Childress was born on September 21, 1945, in Winston-Salem, North Carolina, the USA. He holds American nationality and is of white ethnicity.

Not much information on the retired NASCAR racer's family ground is out.

As of August 2019, Richard Childress' age is 73 and stands at an average height.

Well, Childress is a married man and shares a daughter named Tina Dillon with his wife Judy Childress.

Richard and his wife Judy Childress are together for many years
Richard and his wife Judy Childress

For a fact, his family has a number of racers; Richard's son-in-law is Mike Dillion RCR general manager and long-time NASCAR racer. Moreover, Richard's grandchildren: Austin and Ty Dillon are NASCAR drivers.

Updated On Thu Aug 29 2019 Published On Thu Aug 29 2019 By CRM