Danica Patrick’s net worth is estimated to be around $60 million dollars, as of 2020.
This retired female motor racer has broken records in the American race car driving.
Her success in car racing has brought her much needed money from brand endorsements and television shows over the years.
This professional car racer with many podium finishes has had an admirable career. She was the first woman that has ever led the race and she was the second woman to achieve Indy Racing League.
Source of Wealth
She made a lot of money in her career as a race car driver. According to Forbes, her annual salary while she was racing was approximately $7.2 million.
She also makes good money deals and brand endorsements. Among other brands, she has received endorsement and advert deals from Secret, Nationwide Insurance, Tissot, Chevrolet, Coca-Cola, Peak Antifreeze, William Rast, Hot Wheels, GoDaddy.com, Nature’s Bakery and Lyft.
Patrick has also appeared in and makes money from many TV shows and movies.
She now runs and makes money from various business ideas and ventures. For example, she makes money from her brand of wine called “Somnium”.
She also makes money selling clothes from her athleisure collection called “Warrior by Danica Patrick”.
Danica Patrick was born on the 25th of March, 1982. Her birthplace was Beloit, Wisconsin.
She was born to a working-class family. Her father’s name is Terry Joseph “T. J.” Patrick Jr. and her mother’s name is Beverly Ann (née Flaten).
Patrick had a racing background, which obviously helped Danica’s eventual career choice. Her parents met on a blind date at a snowmobile event where Beverly was fixing a friend’s automobile. Patrick J participated in races for snowmobiles, motocross, and midget cars.
Danica’s younger sister is Brooke, a pediatric physical therapist.
Her interest in racing started when she was 10 and her sister 8. Their parents bought Go-Karts for them after they failed to get a pontoon boat that would serve as a hobby that would bring the family together.
Danica began Karting at the Sugar River Raceway in Brodhead, Wisconsin. Her father acted as her crew chief. Despite crashing in her debut race, she was not deterred.
Her Kart had crashed into a concrete wall but she emerged from the wreck uninjured. At the end of that year, she finished the second of twenty drivers.
With more races and more practices, she improved her skills and especially on her eye to foot coordination.
She later went to set more records at the Sugar River Raceway as well as on the Michiana Raceway Park.
Hononegah Community High School located in nearby Rockton in 1996. She was a cheerleader in the school.
She dropped out of High School midway to pursue her hobby and racing career.
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1995: At 13, Patrick started competing at the regional championship. Her parents refused her request to move to California so she could compete throughout the year.
They cited business commitments but assisted to raise funds and defray travel expenses that enabled her to race in the Midwestern United States and other parts of the country.
She later went on to win 10 Karting titles. She also won the World Karting Association Grand National Championship in the Yamaha Sportsman.
1996: The Lyn St. James Foundation Driver Development Program, an Indianapolis-based driver development program accepted Danica Patrick.
During her time in the program, her driving skills were refined, and she was taught the business side of motorsports racing.
1997: While at the program, she was introduced to John Mecom Jr. who later agreed to sponsor her to compete in the United Kingdom racing circuit.
Part of the contract was that she would be sent to a high-quality driving school to refine her racing abilities.
She eventually went to three different driving schools. These include Track Speed School at Sebring International Raceway and the Formula Ford driving school.
1998: She dropped out of school midway to fully pursue her racing career. Of course, her parents gave their consent. She left for England to start her career fully. She spent three years in the UK.
In England, she got acquainted with other drivers and got financial backing from the Ford Motor Company.
1999: She raced in Formula Vauxhall and Formula Ford, and came ninth position in points in the British Formula Vauxhall Championship.
This year she also competed for Haywood Racing in Formula Ford, and she became the lead test driver for the French Racing car Mygale.
2000: She competed in Formula Ford Festival with Haywood Racing. Here, she tied Danny Sullivan’s best performance by an American in the event.
2001: She received a formula three racing test with Carlin. That year, she received the Gorsline Scholarship Award as the most aspiring road course competitor. She was also recognized as the top female open-wheel race car driver with experience on the international scene.
She returned to the United States after Ford terminated her program.
2002: She participated in the annual 10-lap auto race fund-raising Toyota Pro/Celebrity Race. She was placed third overall after defeating Tommy Kendall to win the professional class.
In June of that year, Bobby Rahal, a former auto racing driver, and team owner signed Danica Patrick to a three-year contract at Milwaukee Mile.
2003: She raced in the Toyota Atlantic Series becoming the first woman to race in the championship since 1974.
At the season’s opening race in Monterey, she secured the first podium for a woman in series history. She also placed sixth in the drivers’ standings with five top-five finishes.
She made her sportscar debut at the Grand Prix of Atlanta. She finished fourth in class and tenth overall.
2004: She became the first woman to win a pole position in series’ history at the Portland International Raceway race. She obtained third in points with ten top-five finishes in twelve races at the end of the season.
2005: Following Rahal Letterman Racing naming her bet part of its IndyCar series, she debuted at the season-opening race at Homestead-Miami Speedway. However, she crashed heavily and was hospitalized for a mild concussion.
She participated in the fourth race of the season and finished in fourth position at the Indy Japan 300 at Twin Ring Motegi.
At the Indianapolis 500, she took the fastest overall practice speed. She took her first career pole position at the Kansas Speedway racing. This made her the second woman after Sarah Fisher to achieve the feat in IndyCar Series’ history.
At the end of the 2005 season, Patrick finished her rookie season with 325 points (12th in the points’ standings) and seven top-ten finishes. She was named “Rookie of the Year” for both the Indianapolis 500 and the IndyCar Series
2006: Her IndyCar season with Rahal Letterman Racing actually began the Grand Prix of St. Petersburg where she finished sixth.
At the Japan 300 at Motegi and Indianapolis 500, she finished eight. The rest of this season saw her achieve four top-ten wins.
The award was in celebration of her dedication and success.
2007: Patrick switched to Andretti Green Racing and finished seventh and eight positions at St. Petersburg and Indianapolis 500.
She also finished eight at ABC Supply Company A.J. Foyt 225. She later finished third at a third at the Bombardier Learjet 550.
At the Detroit Indy Grand Prix at Belle Isle Street Circuit she came second, and at the last race of the year, the Peak Antifreeze Indy 300 at Chicagoland Speedway, she came eleventh.
Patrick was placed in the seventh position in the overall drivers’ standings with 424 points and eleven top-ten finishes.
2008: Patrick began another season with Andretti Green Racing. She finished sixth in her best career Homestead finish. At the St. Petersburg race she finished tenth.
At the Indy Japan 300 at Twin Ring Motegi, she clinched the first position by crossing the checkered flag first.
This victory made her the first woman to win a top-level sanctioned open-wheel car racing event.
Patrick finished in the sixth position at the final standings with 379 points. She was the highest placed American over the course of the season
2009: During the off-season, she finished eighth in class and overall at the 24 Hours of Daytona. Several mechanical issues affected her performance.
Patrick returned to Andretti Green Racing for this season. At the Grand Prix of St. Petersburg, she finished 19th after clashing with Raphael Matos while in the ninth position.
Patrick finished fourth and fifth positions in Long Beach and Kansas.
At the Indianapolis 500 race, she finished in the third position. The win set a new record for the highest-placed finish for a woman in Indianapolis 500 history.
At the end of the season, her overall finish was fifth in the points standing.
2010: She raced for Andretti Autosport in the IndyCar Series. At the end of the season, she finished tenth in the drivers’ standings with 367 points. This was achieved at the final IndyCar race at Homestead-Miami Speedway.
2011: She struggled at the beginning this season compared to her previous two seasons with Andretti Autosport. Patrick placed tenth in the drivers’ standings with 314 points. This year was her final for participation in the IndyCar race.
2012: Patrick switched to JR Motorsports and raced in the Nationwide series of National Association for Stock Car Auto Racing (NASCAR). She closed off her first full-time Nationwide Series season with four top-ten finishes and placed tenth in the final points standings.
2013: In this season she contested her first full season in the Sprint Cup Series with Stewart-Haas Racing. After 36 races, she had one top-ten, an average finish of 26.1, five DNFs and was 27th in the standings with 646 points.
2014: She remained with Stewart-Haas Racing for the 2014 Sprint Cup Series. At the end of this season, Patrick finished 28th in points, one position down from the previous year.
2015: She remained with Stewart-Haas Racing, and competed in the Sprint Cup series. At the end of 36 races, Patrick scored 716 points, placing her 24th in the drivers’ standings, the highest of her career. She had two top-ten finishes, an average finish of 23.5, and failed to finish four times.
2016: Patrick renewed her contract to remain with Stewart-Haas Racing for this season. At the end of the season, she was 24th in the final driver standings. Unfortunately she did not finish three races she entered.
2017: Patrick continued her stay with Stewart-Haas Racing for the now renamed Monster Energy NASCAR Cup Series. At the end of the season, she finished 28th in the overall drivers’ standings.
2018: Patrick signed with Premium Motorsports for her final season in her NASCAR career. At the 2018 Daytona 500, she was involved in a six-car accident on lap 102. Her race came to an early end. In the final results, she placed 35th.
She appeared for Ed Carpenter Racing in the Indianapolis 500. She finished 30th in the standing.
Patrick’s NASCAR career ended with no wins.
Danica Patrick was married to Paul Edward Hospenthal. He was her physical therapist whom she met in 2002 when she was recovering from a Yoga session hip injury.
Patrick and Hospenthal got married in 2005. They divorced in 2013.
He dated fellow driver Ricky Stenhouse Jr. between 2012 and 2017.
In February 2018, she has been in a relationship with NFL quarterback Aaron Rodgers.
This former professional racing driver does not have a child yet.
Patrick runs her business and she is into charity work. Her grandmother had died of chronic obstructive pulmonary disease (COPD) and this is driving her to be the celebrity spokeswoman for an awareness campaign for COPD known as “DRIVE4COPD”.
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