Source of Wealth:Auto Racing, Business
Birth Place:Marshall, Illinois
Occupation:Auto Racing Businessman
American businessman and auto racing magnate Gerald Forsythe has an estimated net worth of $600 million. He is best known as one of the men, along with Kelvin Kalkhoven and Paul Gentilozzi, who owned the Champ Car World Series.
Forsythe earned his estimated net worth of $600 million as a car owner in 1983. He also owns the racing team, Forsythe Championship Racing, which competed in the Champ Car series. The team managed Italian rookie Teo Fabi in the CART PPG Indy Car World Series where he made an impressive performance. However, he sold the team in 1985 for him to focus on the development of his other businesses.
Gerald Forsythe is the chairman and CEO of the INDECK Companies that include INDECK Power Equipment Company, INDECK Energy Services, Inc., and INDECK Operations. He is also the chief shareholder in the firm.
In 1995, Forsythe went back to the racing business and became the full owner of the race team. Several notable drivers have driven for him including Greg Moore, Patrick Carpentier, Alex Tagliani, and Paul Tracy. The team’s success came in 2003 after Tracy won seven races en route to capturing the last-ever CART championship. After the campaign, Forsythe joined resources with Kalkhoven and Gentilozzi in purchasing the liquidated assets of CART and formed the Champ Car World Series.
In 1999, George Forsythe has expanded his business into track ownership after he acquired the facilities in Monterrey and Mexico City, Mexico. He has also purchased a stake in the Rockingham Motor Speedway in Corby, England.
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