Net Worth Ranker
What Is Kyle Larson’s Net Worth?
Kyle Larson, a prominent figure in American professional stock car racing, has accumulated a net worth of $12 million. This wealth is primarily derived from his successful career in various NASCAR series, including the Monster Energy NASCAR Cup Series, the NASCAR Xfinity Series, and the NASCAR Camping World Truck Series.
Early Career and Racing Achievements
Kyle Miyata Larson was born on July 31, 1992, in Elk Grove, California. His early exposure to racing, starting at the age of seven, laid the foundation for his future success. He began with outlaw karts and open-wheel cars before transitioning to sprint cars, quickly establishing himself as a formidable competitor. Notably, he secured his first sprint car race victory at Placerville Speedway, marking him as one of the youngest drivers to achieve this milestone.
Larson’s ascent through the racing ranks is marked by several significant achievements. In 2011, he was honored as the USAC Silver Crown Rookie of the Year. The following year, in 2012, he earned the title of NASCAR K&N Pro Series East Rookie of the Year. Continuing his rapid progression, he was named the Nationwide Series Rookie of the Year in 2013, followed by the Cup Series Rookie of the Year in 2014. These accolades highlight his exceptional talent and adaptability across different racing formats.
Throughout his career, Kyle Larson has demonstrated his versatility and skill by winning a variety of prestigious events. These include the 2011 Belleville Midget Nationals Championship, the 2012, 2016, and 2019 Turkey Night Grand Prix, and the 2013 UNOH Battle at the Beach All-American. He also secured a victory in the 2015 Rolex 24 at Daytona, showcasing his ability in endurance racing. Further highlighting his success are wins in the 2016 Spring Showdown and the 2016 Aspen Dental Eldora Dirt Derby. More recent achievements include the 2020 Indiana Midget Week win, the 2020 Pennsylvania Speedweek win, and the 2020 Hoosier Hundred win. He also claimed victory in the 2020 and 2021 Chili Bowl Nationals, demonstrating his continued dominance in dirt track racing. In 2021, he was crowned the NASCAR Cup Series Regular Season Champion and the NASCAR Cup Series Champion, along with winning the 2021 Coca-Cola 600. He also earned the pole position for the 2022 Daytona 500. His exceptional performance was recognized with the Best Driver award at the 2022 ESPY Awards.
Earnings and Sponsorships
Between June 2018 and June 2019, Kyle Larson’s earnings reached $9 million. The bulk of this income was derived from his salary and winnings in NASCAR. This placed him among the top 10 highest-paid NASCAR drivers globally. However, his career faced a setback when he lost sponsorships due to a controversial racist remark in April 2020. This incident led to the termination of his contract with Chip Ganassi Racing and the loss of major sponsors such as McDonald’s and Credit One Bank. Despite this setback, Larson made a strong comeback, earning $8 million in 2021 with Hendrick Motorsports. Over the course of his racing career, Kyle Larson has accumulated approximately $26 million in salary and winnings, underscoring his financial success in the sport.
In April 2020, during a Twitch livestream, Kyle Larson used a racial slur (“n-word”) believing his microphone was muted. Within 24 hours, his team, Chip Ganassi Racing, terminated his contract. Sponsors including McDonald’s and Credit One Bank also ended their relationships with him. This incident significantly impacted his earnings potential and public image, highlighting the importance of responsible conduct in professional sports. Kyle Larson’s actions serves as a cautionary tale about the consequences of irresponsible behavior, despite professional achievements that contribute to his $12 million net worth.
Personal Life and Background
Kyle Larson’s personal life is intertwined with the racing world. In September 2018, he married Katelyn Sweet, the sister of World Of Outlaw sprint driver and NASCAR driver Brad Sweet. Together, they have two sons, Owen Miyata and Cooper Donald, and a daughter, Audrey Layne. Larson’s family background is also notable; his mother is a Japanese American, and her parents were interned in a Japanese internment camp. This heritage adds a unique dimension to his personal story.
Beyond his racing career, Larson made a cameo appearance in the 2017 film “Logan Lucky,” where he played a limo driver. While this role was brief, it demonstrates his interest in exploring opportunities outside of racing.
Kyle Larson’s Net Worth: A Comprehensive Overview
Kyle Larson’s $12 million net worth reflects his success in NASCAR and related ventures. The majority of his wealth stems from his racing contracts, prize money, and endorsements. His comeback in 2021, following a period of lost sponsorships, underscores his resilience and ability to regain his footing in the sport.
While specific details about his investments and other assets are not publicly available, it is reasonable to assume that Larson has diversified his wealth through various avenues, such as real estate and other investment opportunities. Given his high profile and substantial earnings, it is likely that he has also engaged in financial planning and wealth management strategies to ensure long-term financial security.
The “$12 million net worth” figure represents a snapshot of his financial standing at a particular time and is subject to change based on his future earnings, investments, and expenditures. As he continues to compete and achieve success in NASCAR, his net worth is expected to evolve over time. Kyle Larson’s net worth is a result of his accomplishments in the sport.
