Gerald Forsythe’s net worth stands at
$600 Million
Gerald Forsythe’s Personal and Professional Life
Gerald Forsythe, also known as Jerry, was born in 1942 in Marshall, Illinois USA. He is renowned as an auto racing mogul and entrepreneur, having been a principal owner of the Champ Car World Series alongside Kevin Kalkhoven and Paul Gentilozzi. Forsythe was also the owner of the racing team Forsythe Championship Racing, which actively participated in the Champ Car World Series, and all these significant achievements have contributed to his substantial net worth.
As of mid-2017, Gerald Forsythe’s net worth is estimated to be $600 million, majorly accumulated through his successes in the auto racing industry where he has owned numerous teams throughout his career. It is projected that his wealth will continue to grow as he further progresses in his career.
Gerald Forsythe Net Worth: $600 million
Gerald initiated his foray into car racing in 1983 when he took his first step as a car owner with Forsythe Racing. He enlisted rookie Teo Fabi, who performed admirably in the CART PPG Indy Car World Series. After two years, Forsythe sold the team to concentrate on other business ventures. In 1993, he returned to establish Forsythe/Green Racing in partnership with Barry Green, entering the Toyota Atlantic Championship and sponsored by Player’s Ltd. The team fielded two drivers, Claude Bourbonnais and Jacques Villeneuve, who excelled in the championship.
The subsequent year saw the team moving to the CART PPG Indy Car World Series, with Jacques earning the title of Rookie of the Year. In 1995, Forsythe and his team joined the Championship Auto Racing Teams (CART) with notable drivers such as Paul Tracy, Patrick Carpentier, and Alex Tagliani. The team achieved significant success in 2003, primarily propelled by Tracy’s seven wins, which led to clinching the final CART championship.
Following this triumph, Forsythe orchestrated the use of CART’s liquidated assets to establish the Champ Car World Series. His team was rebranded as Forsythe Championship Racing, and in association with his partners, he also acquired the engine supplier Cosworth and the Molson Indy Toronto. Additionally, he ventured into track ownership, acquiring facilities in England and Mexico. In 2008, due to sponsorship constraints and reputedly, a feud with Tony George, the founder of IRL, Forsythe opted out of participating in the merger between Champ Car/IRL.
Alongside his racing pursuits, Gerald is the CEO of Indeck Companies, which encompasses Indeck Operations, Indeck Energy Services, and Indeck Power Equipment Company, involved in developing and operating various power projects across North America. In 2009, he acquired the 3,000-acre Garland Resort, inclusive of a golf course, and two years later purchased the Blue Harbor Resort and Spa, featuring an indoor water park that operates year-round.
In his personal life, it is known that Forsythe was previously married, albeit ending in divorce. He also has a keen interest in farming, managing his own farm with a focus on cattle ranching. In 2014, he faced allegations from a fertilizer salesman who accused him of defrauding him out of $3 million.
| Net Worth | $600 Million |
| Date Of Birth | 1942 |
| Place Of Birth | Marshall, Illinois USA |
| Profession | Businessman |
| Nationality | American |
| Children | Marsha Forsythe |
| Siblings | James Forsythe, John Forsythe |
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