Tony Hulman George Net Worth

$200 Million

Last Updated:

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What is Tony Hulman George’s net worth?

Net Worth:$200 Million
Age:62
Born:December 30, 1959
Gender:Male
Height:1.80 m (5 ft 11 in)
Country of Origin:United States of America
Source of Wealth:Professional Racing Driver
Last Updated:August 2, 2022

Introduction 

Tony Hulman George is an auto racing executive who was the Chairman, CEO, and President of Indianapolis Motor Speedway Corporation.

During his time as president, he started to allow NASCAR to race at the Speedway as well as the IROC and Formula 1 races.

Not only did he make a name through the Indianapolis Motor Speedway Corporation, but he also became President of Hulman and Company, founding the Indy Racing League.

Most of his wealth has come from his incredible work in the racing industry but he was entrusted with his father’s businesses.

As of February 2023, Tony Hulman George’s net worth is estimated to be $200 Million.

 

Tony Hulman George Facts

  • Tony served as the CEO, President, and Chairman of the Indianapolis Motor Speedway and Hulman and Company from 1989 up until 2009.
  • As a racing driver, Tony competed in the 1989 Indy Lights Championship.
  • He made the famous speech “Ladies and Gentlemen, Start Your Engine” before the Indianapolis 500, which was run from 1997 to 2015.
  • His grandfather used the line “Ladies and Gentlemen Start Your Engine” which Tony started using at the Brickyard 400 in 1997.
  • Tony also used the “pilot, start your engine” speech at the 2017 and 2018 Indy 500s.

 

Early Life 

Anton Hulman “Tony” George was born December 30, 1959, in Terre Haute, Indiana.

Tony is the grandson of Herman Hulman, who bought the Indianapolis Motor Speedway at the end of World Wall II.

Because his family was involved with motor racing, it was almost inevitable that he would end up following his grandfather’s path.

He has three sisters, Josie, Kathi, and Nancy, all of whom  became Speedways directors, but they have no direct management duties in the day-to-day running of the company.

He attended Terre Haute Schulte High School and graduated with a bachelor’s degree in business administration from Indiana State University in 1983.

Before starting his career in racing, Tony attended a racing school and made his debut at the USAC Pro-Ford championship.

At the age of 20, he had already made his first attempt at the Indy Lights Championship. He didn’t go far with his racing career as he was only placed in the top ten five times, before venturing onto other opportunities.

 

Career 

After putting his racing career aside, he was soon made CEO, Chairman, and President of the Indianapolis Motor Speedway Corporation.

He started overseeing new projects that would help improve the speedway and looked at ways to increase revenue. 

The Indianapolis 500 had only one race up until he decided to change everything by announcing that NASCAR would be added to the Speedway schedule.

Tony brought Formula One back to the United States by hosting the United States Grand Prix in 2000.

Unfortunately, after an unsuccessful event at the 2005 United States Grand Prix, Tony, and Bernie Ecclestone, father of Tamara Ecclestone, decided not to continue with the United States Grand Prix.

In 2008, The Speedway was able to host its first MotoGP event, but this was, unfortunately, very unsuccessful.

Tony decided to resign as Chairman, CEO, and President of the Indianapolis Motor Speedway and Hulman and Company in 2009, due to the companies not making enough profit.

He also resigned from the board of directors in 2010 but became the director of Hulman and Company once again in 2011.

Since then, he has continued to be the director of Hulman and Company and it is assumed that he will continue to do so up until retirement.

Tony is rightfully proud that the Indy 500 has been host to some of the top talents in racing, including Carl Edwards, Cale Yarborough, Dale Earnhardt Jr., and Danica Patrick, one of the best female racing drivers of recent history.

 

Tony Hulman George’s Career Earnings

Tony has earned a huge amount of money from his involvement in motorsport management.

However, his fortune received a huge boost when his father’s shareholding was transferred to him.

Here’s an estimated overview of Tony Hulman George’s annual income:

  • Tony Hulman George’s Salary In 2013 – $10 million
  • Tony Hulman George’s Salary In 2014 – $11 million
  • Tony Hulman George’s Salary In 2015 – $10 million
  • Tony Hulman George’s Salary In 2016 – $12 million
  • Tony Hulman George’s Salary In 2017 – $11 million
  • Tony Hulman George’s Salary In 2018 – $12 million
  • Tony Hulman George’s Salary In 2019 – $14 million
  • Tony Hulman George’s Salary In 2020 – $16 million
  • Tony Hulman George’s Salary In 2021 – $17 million
  • Tony Hulman George’s Salary In 2022 – $18 million

While Tony has managed to generate huge interest in motorsport through his spectacular plans, they do not always live up to expectations.

Despite that, he’s still managed to increase his fortune while steering a sometimes rocky business path.

 

Tony Hulman George’s Net Worth Annually

Given his background in motorsport and speedway heritage, it was almost inevitable that Tony would earn his fortune on the track.

With his personal finances making a huge bump with his father’s inheritance, most of his wealth is tied up in the Speedway and Hulman company stock.

Here’s a breakdown of Tony Hulman’s annual net worth:

  • Tony Hulman George’s Net Worth In 2013 – $190 million
  • Tony Hulman George’s Net Worth In 2014 – $190 million
  • Tony Hulman George’s Net Worth In 2015 – $190 million
  • Tony Hulman George’s Net Worth In 2016 – $190 million
  • Tony Hulman George’s Net Worth In 2017 – $190 million
  • Tony Hulman George’s Net Worth In 2018 – $190 million
  • Tony Hulman George’s Net Worth In 2019 – $190 million
  • Tony Hulman George’s Net Worth In 2020 – $190 million
  • Tony Hulman George’s Net Worth In 2021 – $190 million
  • Tony Hulman George’s Net Worth In 2022 – $200 million

The companies in which he is currently invested are doing well and it looks like Tony’s luck has changed as far as profitability is concerned.

With a good management team to assist him, Tony is sure to increase his wealth substantially over the coming years.

 

Personal Life

Tony married Lisa Dawn in 1983 and the couple went on to have a child, Anton Hulman George Jr., who will not get to enjoy the benefits of the Speedway ownership now that it’s been sold.

Unfortunately, the couple filed for divorce once Tony’s use of cocaine and marijuana was revealed, but he wasn’t long in moving on as he started a new relationship. 

The divorce was finalized in 1989, and shortly after, Tony got engaged to his second wife, Laura. The couple married later in 1989 and Laura Livvix and Tony had a daughter named Lauren.

His second wife, Laura, has a son named Edward from a previous marriage whom Tony likes to treat as his child and has spoken of building an ice skating rink for him to help advance his hockey career.

 

Awards & Achievements

Tony’s family has been involved in motorsport for so long that his family and he are recognized for their contribution to motor racing in the United States.

Tony’s own achievements are somewhat less spectacular, but nonetheless, he’s achieved a lot with his entrepreneurial talents.

Here are some of the more memorable moments from Tony Hulman George’s career:

  • Tony’s family was awarded the media award for its impressive work with the Indianapolis Motor Speedway in 2005.
  • The Hulman-George family was also honored with the Bob Russo Founder award for their dedication to auto racing in 2013.
  • Tony George created the Indy Racing League in 1996.
  • In 2008, Tony added the MotoGP series oval circuit to the Speedway’s schedule.
  • He was instrumental in building the infield road circuit at the Speedway.

Tony has not always had an easy ride at the Speedway, as the changing tastes of race fans saw a move towards NASCAR and away from the somewhat unsuitable road surface.

This influenced the profitability of the Speedway and contributed to Tony’s resignation from his operational roles.

 

How Does Tony Hulman George Spend His Money?

Tony is heavily invested in real estate, with his current house being a mansion worth over $40 million.

His home is located in San Francisco but he has various other properties dotted all across America.

He naturally loves fast cars and has some of the most expensive cars in the world in his garage.

Top-end Chevrolets score high on his list of personal cars, not too hard to understand given the number of Indy 500 pace cars over recent years.

 

Highlights 

Despite his problems, Tony introduced new blood into the Speedway schedule, which did bring in the crowds.

The golden days of the Speedway may be over, but Tony is still confident that the track will keep the fans coming back.

Here are some of the best highlights of Tony Hulman George’s career: 

  • Tony announced his founding of the Indy Racing League in 1994.
  • One of Tony’s biggest debuts into the racing industry was during the early 1990s.
  • In 2005, he added road courses to the original all-oval circuit.
  • After Tony changed the Indianapolis 500 when the International Race of Champions made its debut in 1992.
  • Tony became the Chairman, CEO, and President of the Indianapolis Motor Speedway Corporation in 1989.

Tony stepped down from his role as CEO due to allegations of a conflict of interest due to his various investments and renovations at the Speedway. His mother took over as CEO and Chairman, but following her death, Tony was reinstated.

However, it wasn’t long before the board realized that the Hulman family had taken the Speedway as far as it could go and needed a new perspective. This was when they decided to sell the Indianapolis Motor Speedway and the NTT IndyCar Series to Roger Penske for an undisclosed amount.

 

Favorite Tony Hulman George Quotes

Tony George’s whole life has been involved in running motorsport events. He either participated in them as a driver or was involved in organizing them as head of the corporation.

He took his role as steward of his grandfather’s iconic race track very seriously and all his efforts were aimed at bringing it up to the required standard to compete with the best tracks in the world.

In the end, however, he was not able to make it the financial success he expected and it was evident to the family that someone new would be better suited to run the company.

Here are our favorite quotes from Tony Hulman George:

  • ” Gentlemen, start your engines!” – Tony Hulman George
  • ” We think he can take our team to the next level.” – Tony Hulman George
  • “There’s always the temptation to start charging ahead (with a merger). But I’m trying to keep focused on what we both must consider. We must put our best foot forward…to meet everyone’s expectations.” – Tony Hulman George
  • “I don’t know at this point what happened or who was at fault. It’s just a real shame. I don’t know that it was inexperience.  Don’t want to say anything about that.” – Tony Hulman George

“I don’t think we can solve all the big issues in a short period, certainly not by 2007.” – Tony Hulman George

 

3 Amazing Lessons From Tony Hulman George

Tony Hulman George is a traditionalist who is hell-bent on keeping his grandfather’s dream alive.

To this end, he does what is best for the company, even stepping down when he realized that he was not the best man for the job.

Now that you know all about Tony Hulman George’s net worth, here are some of the best success lessons to learn from Tony Hulman George:

 

1. Do What’s In The Best Interest Of The Company

Tony made the company his priority, no matter the backlash he received for those choices.

 

2. Slow And Steady Wins The Race

He never went headfirst into a decision, taking his time to make sure that the decision would improve the company in as many ways as possible.

 

3. Do What Is Right For You

Tony had a lot on his plate with both companies and knew that the best possible decision was to step back from day-to-day operations. This was not only in the best interests of the company, but also for him.

 

Summary 

Some may compare Tony to his incredibly successful grandfather, but you cannot take away the fact that Tony had a fairly successful career in his own right.

His entrepreneurial skills took him far and saved him in many ways. He is now living a life that is more comfortable for him with his position as a director of Hulman and Company.

Tony is currently enjoying his new-found freedom with his family while quietly making plans for the future of the company.

As of February 2023, Tony Hulman George’s net worth is estimated to be $200 Million.

What do you think about Tony Hulman George’s net worth? Leave a comment below.

John Mulder
John Mulderhttps://360tsd.com/
John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

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