Net Worth Ranker
What Is Ken Schrader’s Net Worth
Ken Schrader, a prominent figure in American motorsports, has accumulated a net worth of $25 million. This financial standing reflects a career spanning over three decades in NASCAR, ARCA, and various local racing circuits. Schrader’s income is primarily derived from race winnings, sponsorships, endorsements, and his ownership stakes in racing-related businesses.
Ken Schrader’s Racing Career and Earnings
Schrader’s career in NASCAR’s premier series, the Sprint Cup (now the NASCAR Cup Series), began in 1981 and continued until 2013. He participated in over 760 races during those 29 years. While specific race winnings for each event are not publicly available, his consistent presence on the track and occasional victories contributed significantly to his overall earnings. In 1985, Schrader earned the Winston Cup Series Rookie of the Year award, which not only boosted his profile but also likely increased his earning potential through endorsements and sponsorships. Other notable achievements include the USAC Silver Crown Champion in 1982, the USAC Sprint Car Champion in 1983, and consecutive Busch Clash victories in 1989 and 1990. He also secured pole positions at the Daytona 500 in 1988, 1989, and 1990.
Beyond NASCAR, Schrader’s active participation in ARCA Racing Series and local dirt and asphalt tracks contributes to his income. While specific figures are not disclosed, ARCA race winnings and local track purses, combined with appearance fees and sponsorships, supplement his overall earnings. He continues to participate in races, such as his 10th-place finish at the 2017 Little 500 sprint car race, indicating his continued involvement in the racing scene and associated income.
Throughout his career, Schrader has secured various sponsorships, notably with Federated Auto Parts. This sponsorship extends across his dirt late model, dirt open wheel-modified car, Camping World Truck Series, and ARCA series cars. These sponsorships are vital sources of income, providing financial support for his racing endeavors. Sponsorship deals vary in value, but typically include monetary compensation, equipment support, and marketing opportunities. While exact figures are not public, it is safe to assume Federated Auto Parts sponsorship plays a significant role in Ken Schrader’s Net Worth.
Business Ventures and Assets Contributing to Ken Schrader’s Net Worth
Aside from his racing career, Schrader’s business ventures contribute to his net worth. He owns I-55 Raceway in Pevely, Missouri, and is co-owner of Macon Speedway near Macon, Illinois, along with Kenny Wallace, Tony Stewart, and Bob Sargent. Owning and co-owning these racetracks generates revenue through ticket sales, concessions, and event hosting. The financial performance of these racetracks depends on factors such as location, attendance, and the frequency of events. Though detailed financial statements are not available publicly, racetrack ownership represents a substantial asset.
Schrader’s ownership of a dirt late model and dirt open wheel-modified car adds to his assets. These cars, sponsored by Federated Auto Parts, are not only essential for racing but also hold value as tangible assets. The cost of maintaining and upgrading these cars is offset by their potential resale value and the income generated from racing events.
Additional Factors Influencing Ken Schrader’s Net Worth
Ken Schrader’s personal life and lifestyle also play a role in his overall financial picture. He is married to Ann Schrader, and they have two children, Dorothy and Sheldon. The family resides in Concord, North Carolina. While information about their specific residence is not publicly available, owning a home in Concord, NC, contributes to their overall assets.
Details about specific personal investments, such as stocks, bonds, or real estate holdings, are not publicly available. These investments are likely managed privately and contribute to the growth and diversification of his net worth. Without detailed information, it’s challenging to assess the exact impact of these investments on his overall financial standing.
While specific details about Schrader’s earnings from endorsements, appearance fees, and other income sources remain private, his long and successful career in motorsports has undoubtedly provided financial stability and opportunities for wealth accumulation. His continuous involvement in racing and business ventures suggests a steady stream of income, further solidifying his financial standing and contributing to Ken Schrader’s Net Worth.
