How Rich Is NASCAR Driver Chase Elliott?

Mandatory Credit: Photo by Jason Minto/AP/Shutterstock (12921478e)Chase Elliott gestures next to his trophy after a NASCAR Cup Series auto race at Dover Motor Speedway, in Dover, DelNASCAR Cup Series Auto Racing, Dover, United States - 02 May 2022.
Jason Minto/AP/Shutterstock / Jason Minto/AP/Shutterstock

Chase Elliott, a NASCAR professional who drives the No. 9 Chevrolet Camaro for Hendrick Motorsports, is only 26 years old.

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Read on to find out how he makes his millions.

  • Net worth: $12 million

Chase Elliott’s Earnings and Wins

Since little information about his earnings or investments is available, he probably earned most of his fortune from his NASCAR wins and endorsement deals as a top driver. Aside from the All-Star race, NASCAR does not disclose the prize purse for its competitions.

However, Forbes reported that Elliott earned $10.2 million in 2020, with $8 million of that from his salary and winnings, and another $2.2 million from endorsements. Elliott sold the most licensed merchandise of any driver in 2020, Forbes reports.

The son of NASCAR Hall of Fame member Bill Elliott, who drove the same number car, the younger Elliott has earned 11 career Cup Series wins. He also won the 2020 NASCAR All-Star Race at Bristol Motor Speedway, according to the NASCAR website. That race alone grossed Elliott and his team $1 million, according to USA Today. Sports Casting reported that the driver earns about 40% to 45% of the winnings, while the team receives the rest.

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Sponsors

Elliott has a number of sponsors. LLumar is the primary sponsor for the car he drives, and his personal sponsorships include UniFirst, NAPA, Chevrolet, Mountain Dew, Bosch and Siemens, according to Essentially Sports.

Charity

Elliott gives back through his nonprofit association, the Chase Elliott Foundation, which aims at supporting other organizations dedicated to helping people live “more beneficial, more joyful lives,” according to EssentiallySports.com.

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Net worth information is sourced from Celebrity Net Worth and accurate as of June 7, 2022.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
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