How did Richard Childress Become Rich?

Richard Childress is an American former NASCAR driver and the current team owner of Richard Childress Racing.

He became one of the wealthiest men in North Carolina. In 2004, he opened a vineyard in the Yadkin Valley AVA near Lexington.

Richard Childress has a net worth of approximately $250 million and He was on the Board of Directors of the National Rifle

Richard Childress

Richard Childress is chairman and CEO of Richard Childress Racing, one of the most storied teams in NASCAR he founded in 1969.

If there’s a testimony to the all-American success story, Childress has lived it. In a career spanning almost five decades, Richard established a racing team in his home garage and has grown it into one of the largest motorsports organizations in NASCAR.

Growing up in Winston-Salem, North Carolina, Childress spent time as a child at Bowman Gray Stadium, the city’s local short track, where he sold peanuts and popcorn to help support his family.

From that time spent at the racetrack, Childress caught the racing bug. He idolized drivers like Cale Yarborough and David Pearson and hoped one day he too could make it as a professional stock car racer.

Childress’ first foray into racing came when he bought his first race car, an old 1947 Plymouth previously used as a taxi cab. The price? A whopping $20.

He and a friend split the cost to buy that old taxi cab, and they flipped a coin to see who would drive it. Richard won that toss, and a budding career in motorsports began.