Thirty years ago Rick Hendrick launched All-Star Racing with five employees and 5,000 square feet of workspace. Geoff Bodine raced the fledgling outfit’s sole NASCAR Cup entry in the #5 car and finished ninth in the season long standings, including three victories. The company was rebranded Hendrick Motorsports the following year and a racing dynasty was born. Hendrick Motorsports today carries more than 500 employees in 430,000 square feet of workspace across a 140 acre campus in Concord, N.C. It has racked up 218 victories and a record 11 season titles in Sprint Cup, plus an additional 52 wins and four championships in the Nationwide and Truck series. The success has propelled Hendrick to the top of the NASCAR food chain. The team is worth $348 million, by Forbes’ count, twice as much as any other NASCAR squad.
Joe Gibbs Racing ranks No. 2 with a value of $171 million, up 2% from last year. Roush Fenway Racing ranks No. 3 with a value of $157 million, down 6%. The team making the biggest jump is Stewart-Haas Racing, which ranks fourth with a value of $148 million, up 20%. #5 is Richard Childress Racing at $128 million; #6 is Team Penske at $108 million; #7 is Michael Waltrip Racing at $80 million; #8 is Chip Ganassi Racing at $69 million; #9 is Richard Petty Motorsports at $50 million. See full report at Forbes.com.(2-22-2014)
