Net Worth Ranker
What Is Tony Hulman George’s Net Worth
Tony Hulman George, also known as Anton Hulman George, an American auto racing executive, has an estimated net worth of $200 million as of recent estimates in 2025. This substantial net worth primarily stems from his leadership roles within the racing industry and his involvement in the family business ventures, including the Indianapolis Motor Speedway and Hulman & Company. As the grandson of Tony Hulman, who purchased the Indianapolis Motor Speedway after World War II, Tony Hulman George continued the family’s legacy in motorsports.
Early Career and Rise to Leadership
Anton Hulman “Tony” George was born on December 30, 1959, in Indiana. Before assuming leadership roles, George had a brief career as a driver, participating in the 1989 Indy Lights Championship where he finished 12th overall and secured several top-ten finishes in other major races. By 1989, he ascended to the position of President and CEO of the Indianapolis Motor Speedway Corporation. During his tenure, he diversified the Speedway’s events by introducing NASCAR races, Formula 1 races, and IROC races. While the inclusion of NASCAR proved commercially successful, the Formula 1 and IROC races were less so. These changes marked a significant shift from the Speedway’s traditional focus on open-wheel racing.
Hulman & Company and the Indy Racing League
After stepping down as President and CEO of the Indianapolis Motor Speedway Corporation in 2009, Tony Hulman George focused on Hulman & Company and the Indy Racing League (IRL), which he founded. The Hulman & Company has a 401k plan with Principal Financial Group, with total assets of $33,399,528 as of 2019. The Hulman & Company Foundation, a corporate foundation based in Terre Haute, IN, primarily funds general operating expenses for various nonprofit organizations. In 2023, the foundation reported total revenues of $12,668,522, total expenses of $311,339, and total assets of $17,263,946. A significant portion of its grants includes $125,000 to the Indianapolis Motor Speedway for general operating expenses. Anton H. George is listed as the President of the Hulman & Company Foundation, receiving a compensation of $0 as of April 2024.
Indianapolis Motor Speedway’s Economic Impact
The Indianapolis Motor Speedway (IMS) remains a substantial economic engine for the state of Indiana. An economic impact analysis of IMS activities between June 2022 and May 2023 showed a total economic impact of $972 million and a total economic contribution of $1.06 billion to the state. The IMS supports approximately 8,440 jobs. The Month of May 2023 events, including the Indianapolis 500, contributed $480 million to the total economic impact. The Indianapolis Motor Speedway Foundation Inc., manages a museum, its collection and public programs. In 2023, the foundation reported revenues of $42.6 million, expenses of $6.56 million, total assets of $65.1 million, and total liabilities of $1.45 million.
Family Legacy and Philanthropic Activities
Tony Hulman George’s grandfather, Tony Hulman, purchased the Indianapolis Motor Speedway in 1945 for $750,000. This acquisition revitalized the speedway after World War II and established the Hulman-George family as central figures in American motorsports. Tony Hulman secured an immediate profit by selling the concession rights to Sports Service for $1 million over 10 years. The family’s involvement extends to various philanthropic efforts, particularly those related to motorsports and the Indianapolis community. The Hulman & Company Foundation supports grantees such as the Indianapolis Motor Speedway Foundation, contributing to the preservation and promotion of racing history.
Challenges and Controversies
Despite his contributions, Tony Hulman George’s tenure was not without challenges. The establishment of the Indy Racing League (IRL) led to a split in open-wheel racing, impacting its popularity. The economic impact for races and other activities in August 2022 was $117 million. Furthermore, his spending habits and management decisions raised concerns among his sisters, ultimately leading to his resignation as President and CEO of IMS and Hulman & Company in June 2009. It was reported that George had spent hundreds of millions of dollars on IRL teams, drivers, entry fees, marketing plans, airplanes, personnel and his own team. Despite these challenges, George’s legacy includes increasing the visibility of Indianapolis Motor Speedway, attracting NASCAR and Formula One events, and modernizing the Speedway’s facilities.
