Don Schumacher Net Worth

Don Schumacher’s net worth stands at $50 million

Don Schumacher Wiki Biography

Donald A. Schumacher, born on November 4, 1944, in Grand Rapids, Michigan USA, is widely known as a former race car driver and the owner of Don Schumacher Racing. He also serves as the owner, Chairman, and CEO of Schumacher Electric Corporation, based in Chicago and has been an active member of the sports industry since the early 1960s.

Don’s net worth is estimated at an impressive $50 million, as of mid-2016, accumulated through his successful career in the sports industry as a race car driver, a company owner, and a racing team owner.

Don Schumacher Net Worth $50 Million

There is little information available about Don Schumacher’s early life, except that his father worked building radios, then became a bookie and won a battery-charger company when the owner died owing him money. Don’s interest in cars and racing developed at a very young age, leading him to build old cars to indulge in racing.

Don’s driving career began in the early 1960s, where he displayed dominance on the tracks, winning around 70% of the races he participated in from the late 1960s until 1974, serving as the primary source of his net worth at the time.

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After eleven years, he left the track and shifted his focus to his father’s company, Schumacher Electric Corporation, leading to a further increase in his net worth by expanding the company’s workforce and sales revenue significantly.

In the 1990s, he returned to the track, this time as a team owner concentrating largely on drag racing. His establishment, Don Schumacher Racing, achieved significant success, with his team winning 22 NHRA National event titles in 2012, contributing to a substantial increase in his net worth.

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Thanks to his successful involvement and consistent success in sports racing, Don was inducted into the International Motorsports Hall of Fame in 2013.

Don Schumacher is married to Sarah, with whom he has four children. His son, Tony Schumacher, is renowned worldwide as a drag racer and the NHRA Champion. In his leisure time, Don enjoys playing golf, hunting, and fishing. His current residence is in Park Ridge, Illinois.