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Jay Penske Net Worth : $ 200 Million
Let’s check out Jay Penske’s updated 2021 Net Income report given below:
Jay Penske Salary/Income:
Per year: $4,000,000. Month: $32,000. Per week: $8,000
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Per day:
Per hour:
Per minute:
Per second:
$1140
$19
$0.3
$0.05
Jay Penske Wiki
net worth
200 million dollars
Date of birth
New York City, New York, United States
Place of birth
NYC
profession
businessperson
education
St. Mary’s Preparatory, University of Pennsylvania, Wharton School, University of Pennsylvania
nationality
United States of America
spouse
Elaine Irwin (m. 2012)
parents
Roger Penske
Jay Penske FAQ
How d Jay Penske get so rich? How much does Jay Penske earn per day? Let’s Check Jay Penske’s Wife/Husband Net Worth? How much does Jay Penske make per day? How Much Jay Penske’s Net Worth? Does Jay Penske make money? What is Jay Penske’s income? What is Jay Penske’s salary? How old is Jay Penske? How tall is Jay Penske?
Jay Penske Net Worth
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Jay Penske Net Worth – Salary, Income and Assets, Exposed!
Are you looking for the net worth of Jay Penske? Read this article to learn everything about Jay Penske and his net worth.
Source: highincomesource.com
Date Published: 7/13/2021
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Jay Penske Net Worth, Income, Salary, Earnings, Biography
Jay Penske Net Worth : $ 200 MillionLets check out updated 2021 Jay Penske Net Worth Income Salary report which is given below :Jay Penske’s Salary.
Source: www.650.org
Date Published: 9/5/2022
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Jay Penske Net Worth， Income， Salary – Biography
Jay Penske Net Worth : $ 200 Million ; Per Day: Per Hour: Per Minute: ; $ 1140, $ 19, $ 0.3 …
Source: 44bars.com
Date Published: 11/22/2022
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Jay Penske Net Worth
Jay Penske is an American media and publishing entrepreneur who has a net worth of $250 million.
Source: www.celebritynetworth.com
Date Published: 5/25/2022
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Jay Penske Net Worth – Salary, Income and Assets, Exposed!
Looking for Jay Penske net worth? If so, you’ve come to the right place.
Let’s take a close look at Jay Penske and how he got so rich today.
What is Jay Penske Net Worth?
Jay Penske Net Worth Summary
Net worth: $250 million
: $250 million DOB : April 5, 1979
: April 5, 1979 Gender : Male
: Male Occupation : Businessman
: Merchant Nationality: United States of America
Jay Penske has an estimated net worth of $250 million.
The American entrepreneur and team owner of the Penske Racing Team is Jay Penske. In 2004 he founded Penske Media Corporation, a digital media and publishing company.
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Jay Penske’s early life
He is the youngest son of Kathy Penske, an English teacher, and Roger Penske, founder of the Penske Corporation automobile company and former racing driver. Penske graduated from high school at St. Mary’s Preparatory in Orchard Lake Village, a suburb of Detroit. Before that he visited Cranbrook and Lawrenceville.
USA Today named Penske St. Mary’s Player of the Year, All-State, All-American and All-League. The All-Region and All-State hockey player also played baseball.
The school retired his gym number after he set the school record for most goals, assists, and points in lacrosse in school history in 1997.
In his final lacrosse season, Penske broke Michael Powell’s record (194 points) with 202 points in a single season. He is the only player in lacrosse history to average more than 10 points per game and more than 200 points in a single season.
Pennske earned a Bachelor of Science degree in Management of Information Systems and Finance from the Wharton School at the University of Pennsylvania. Since 2007 he has served on the board of directors of the Entrepreneurial School at the Wharton School and on the board of directors of the University of Pennsylvania Library.
Jay Penske’s career
media and publisher
Penske founded Firefly Mobile, Inc., a cell phone company that developed the Firefly cell phone and other mobile products for youth.
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In 2006, the Firefly phone won the CES Innovation Award from the Consumer Electronics Association (CEA) and the International Consumer Electronics Show (CES). Penske also owns Dragon Books, Ltd, a Los Angeles-based second-hand bookshop that sells rare and collectible books. It opened in 1999.
Penske is Chairman and CEO of Penske Media Corporation (PMC), a digital media company that owns and operates a number of media brands, data services and live events, including Rolling Stone, Variety, Billboard and the South by Southwest Festival (SXSW).
Before becoming Penske Media Corporation, Velocity Services, Inc. was an affinity marketing and Internet services company. The Mail.com domain was acquired by the company and renamed Mail.com Media Corporation (MMC).
Motorsports
He co-owned the IndyCar Series racing team Dragon Racing with Steve Luczo, chairman of Seagate Technologies. Rafael Matos was named Rookie of the Year in 2009.
The team’s name comes from Penske’s love of books and his business interest in Dragon Books, Ltd. and his partner’s last name. Former Indy Lights champion Raphael Matos drove the HP #2 car for the entire Indycar series in 2010.
The team name was changed to Dragon Racing in 2011, with Penske as the sole owner and Paul Tracy as the driver.
The team planned to use Lotus engines in 2012 with a two-car team consisting of Sebastien Bourdais and Katherine Legge.
For the Indy 500, Dragon Racing switched from Lotus to Chevrolet engines due to problems with the Lotus engines. Sebastián Saavedra and Sébastien Bourdais were the Dragon Racing drivers in the 2013 season.
In October 2013, Dragon Racing signed an agreement with Formula E Holdings to compete as a franchise team in the new FIA Formula E Championship. In the 2014/15 season, the team with drivers Jérôme d’Ambrosio, Oriol Servià and Loïc Duval finished second. D’Ambrosio finished fifth in the 2015/16 season and Duval eighth.
Jay Penske’s salary
Jay Penske is rich, so you can expect his salary to be higher than the average person.
However, he has not disclosed his salary publicly for privacy reasons. As such, we cannot provide an accurate estimate of his salary.
Jay Penske’s income
Jay Penske may have many sources of income such as investments, business, and salaries. His income fluctuates every year and depends on many economic factors.
We tried to research but we can’t find any verified information about his income.
Assets of Jay Penske
Given Jay Penske’s estimated net worth, he should own some houses, cars, and stocks, but Jay Penske has not disclosed his full net worth publicly. So we can’t get exact figures on his net worth.
Jay Penske quotes
“Our interest in ‘Rolling Stone’ is driven by its people, its cultural significance and the globally recognized brand unrivaled in its spheres of influence.” – Jay Penske
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“I’ve always had great respect for Sam Schmidt Motorsports and couldn’t be happier to partner with Sam.” – Jay Penske
“I’m thrilled to be a part of the Indianapolis 500.” – Jay Penske
“The true power of the web is the medium’s ability to create a one-to-one relationship with the audience.” – Jay Penske
“PMC’s constellation of cross-platform entertainment brands continues to lead entertainment news.” – Jay Penske
“Bringing the ‘Robb Report’ to PMC’s digital platform is a remarkable opportunity to further advance this pioneering media brand.” – Jay Penske
“Formula E symbolizes a vision for the future of motorsport and the automotive industry.” – Jay Penske
Check out our larger collection of the best Jay Penske quotes.
Related lists of celebrity net worth
Or browse all celebrity net worth.
How do you get rich like Jay Penske?
Jay Penske didn’t get rich out of luck. To become as rich as Jay Penske, you have to be smart.
Successful people get rich by taking advantage of the opportunities that come their way. You are in the right place at the right time and taking the right actions.
Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.
Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.
You can learn how to build a digital asset that generates cash flow while you sleep to quickly grow your wealth.
If you seize this golden opportunity in time, you can one day become as successful as Jay Penske.
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Jay Penske Net Worth
What is Jay Penske Net Worth?
Jay Penske is an American media and publishing entrepreneur who has a net worth of $250 million. Jay is the founder and CEO of Penske Media Corporation (PMC), which owns dozens of prominent publications including:
diversity
meeting
Rolling Stone
art news
Robb report
Dirt.com
women’s clothing daily
PMC is also the majority owner of the annual music, film and technology festival South by Southwest.
Early life
Jay Penske was born in 1979 in New York City. Jay is one of five children of Roger Penske, the multi-billionaire founder of Penske Corporation. The Penske empire is huge. Its largest and publicly traded holdings are the publicly traded Penske Automotive Group, which owns the ubiquitous orange rental trucks that cruise America’s highways (the fleet includes over 360,000 trucks), the Indianapolis Motor Speedway, and IndyCar races. There are dozens of other automotive-related companies under the Pensky umbrella.
Jay is one of three children born to Kathy Pensky, Roger’s second wife. Roger has two children from a previous marriage. The family lived in New Jersey, New York City and the suburbs of Detroit, where his father’s business is headquartered and where Jay graduated from St. Mary’s Preparatory.
education
He was a standout lacrosse player for St. Mary’s, setting records for most goals, assists, and points in school history. He was named USA Today’s Player of the Year and was a 2017 All-American. He is the only player in lacrosse history to average 10 points per game and has surpassed 200 points in a single season.
After high school, Jay enrolled at the University of Pennsylvania’s Wharton School. In 2001 he graduated with a Bachelor of Science in Finance and Management Information Systems.
Firefly mobile
After graduating from college, Jay co-founded Firefly Mobile, Inc., a wireless company that developed cell phones for children. One of the company’s first products received an innovation award at CES 2006.
Penske media company
Today, Jay is probably best known as the founder, chairman and CEO of digital media and publishing company Penske Media Corporation (PMC).
Founded in 2003 as Velocity Services, Inc., one of the company’s first acquisitions was the domain name Mail.com. After this purchase, the company name was changed to Mail.com Media Corporation (MMC). In 2010, Mail.com’s domain and email portal business was sold to a German company for a profit of $50-$100 million.
Deadline: In 2009 he bought the website Deadline Hollywood Daily, better known today as Deadline.com.
Variety: In October 2012, Jay used a $26 million loan from hedge fund billionaire Dan Loeb to fund the acquisition of Variety Magazine.
WWD: In 2014, the newly named Penkse Media Corporation (PMC) paid Conde Nast $100 million to acquire its Fairfield Fashion Media division, which included the publications Women’s Wear Daily and Footwear News.
Rolling Stone: In January 2017, PMC bought 51% of Rolling Stone magazine from the publication’s founder Jann Wenner for an undisclosed amount. In 2019, it bought Jann’s remaining 49%.
In February 2019, PMC accepted a US$200 million investment from Saudi Research and Media Group. The company used that cash injection to fund the previously mentioned 49 percent stake in Rolling Stone.
Hollywood Reporter: In 2020, PMC bought 80% of The Hollywood Reporter’s parent company, Vibe and Billboard.
South by Southwest: In April 2021, PMC acquired a controlling interest in the South by Southwest music, film and technology festival held annually in Austin.
Personal life
In October 2012, Jay proposed to model Elaine Irwin. They are married and have a daughter. Prior to her marriage to Penske, Elaine was married to rock musician John Mellencamp for 18 years. They married when she was 23, just 10 weeks after they first met when she was hired to appear on his album cover and in a music video. Elaine and John have two children.
property
Jay, Elaine and their family live in the Pacific Palisades neighborhood of LA. They own an apartment in Manhattan and a private island in the Bahamas.
In 2015, they sold a home in Bel-Air for $7.25 million. According to real estate records, Jay appears to have purchased the lot on which this home is located in 2003 for $1.95 million.
In 2017, Jay and Elaine raised $6.3 million for a formerly black church in Venice, California. After they put forward plans to convert the church into a private home, they met with vigorous protest. They eventually withdrew their plans and sold the property.
Famous People Facts
About Jay Penske
Jay Penske is the founder and CEO of one of the largest digital media and publishing companies, Penske Media Corporation (PMC).
Jay Penske was named one of the 25 Most Influential People in LA in 2015 by the NY Observer newspaper. With the excellence of its brands, it is now accessible to more than 240 million readers every month.
Since its inception 18 years ago, PMC has successfully owned and operated many brands including Rolling Stone, Variety, The Hollywood Reporter, Billboard Music Charts, South by South West and many others. Previously, Jay was co-founder and chairman of Firefly Mobile Inc., which invented cell phones for children and won an innovation award at CES 2006. Also operates and owns Penske Dragon Racing (a racing team). He also owns Dragon Books, Ltd.
Jay Penske’s Net Worth, Income and Spending Habits
What is Jay Penske Net Worth?
Jay Penske has a net worth of $250 million from his primary career as an American publishing and media entrepreneur.
How much does Jay Penske earn per year?
Jay Penske’s annual salary is currently unknown.
Height, age and physical attributes
How tall is Jay Penske?
Jay Penske is 168 cm tall, has black hair and dark brown eyes.
How old is Jay Penske?
Jay Penske celebrated his 43rd birthday on May 5, 2022.
childhood and education
Jay Penske was born on May 5, 1979 in New York City to his father, Roger Penske (founder of the automotive conglomerate Penske Corporation) and Kathy Penske (an English teacher). Roger Penske is a former race car driver who has not revealed any details about his siblings.
Penske first attended a local school and then joined St. Mary’s Preparatory High School. He then graduated with a B.Sc. in Management of Information Systems and Finance from the Wharton School of Business at the University of Pennsylvania. He was the top All-American lacrosse and hockey player during his college years.
Family, Romance and Relationships
Who is Jay Penske’s partner?
Jay Penske married an American model, Elaine Irwin (ex-wife of John Mellencamp, a musician), in 2012.
Career and professional highlights
Known for…
Jay Penske is a famous modern-day business tycoon and the founder and CEO of Penske Media Corporation, which owns and publishes various digital and print magazines. After graduating in information systems and finance, he co-founded Firefly Mobile Inc., a mobile phone company that developed children’s phones with large buttons.
Founded in 2003 as Velocity Services, Inc. with the domain name Mail.com (which he bought from Globecomm Inc.), he later sold it to United Internet Group in 2010 for a massive profit. PMC operates many well-known publications such as Variety, Deadline, Rolling Stone, StyleAwards and many others.
In addition, Penske owns Dragon Books, Ltd., which has been selling rare and collectible books since 1999. He is also the owner of the IndyCar series racing team Dragon Racing. Penske now serves as a director and advisor to PMC, SciPlay and PMC’s 2% Foundation.
Also, Penske only has one Instagram account with millions of followers and no other social media accounts.
charity work
Jay Penske is a board member of the Paley Center for Media charity and a member of the Quill Awards Board of Trustees.
What awards has Jay Penske won?
Under his direction, the media and publishing house Penske was recognized as one of the 100 best private companies in the USA. In 2014 he was appointed vice chairman of the American Film Institute (AFI).
Hobbies and Interests of Jay Penske
Living a lavish lifestyle in LA’s Pacific Palisades neighborhood, Penske and Elaine Irwin also own a private island in the Bahamas and an apartment in Manhattan.
Other interesting facts and trivia about Jay Penske
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