Russell William Wallace, Jr. was born on the 14th August 1956, in Arnold, Missouri USA, and is probably best known for being a former professional race car driver, who was a NASCAR Winston Cup Champion. He is also recognized as a current NASCAR and ESPN analyst. Besides that, Russell is the host of the TV show “NASCAR Angels”. His professional racing career was active from 1979 to 2005.
So, have you ever wondered how rich Rusty Wallace is, as of mid- 2016? Sources estimate that Rusty counts his net worth at the impressive amount of $40 million, with the main source of this sum of money being his career as a professional race car driver. Other sources are coming from his careers as an analyst and TV host. He is also the owner of a racing team.
Rusty Wallace Net Worth $40 Million
Rusty Wallace is the son of Judy and Russ Wallace, who was a champion racer in Missouri. He spent his childhood with two younger brothers, who are also NASCAR drivers – Mike and Kenny Wallace. Under the influence of their father, he and his brothers became very interested in racing.
Rusty made his race car driving debut in 1973 at Lake hill Speedway near Valley Park, Missouri. That was only the beginning of his domination on the tracks, as he made a name for himself winning a number of track championships around the Mid-West. Thanks to that, he became a member of the United States Auto Club’s (USAC’s) stock car division in 1979, and in the same year won Rookie of the Year honors, finishing third. Two years later, at the same championship he finished second, increasing his net worth by a large margin.
Prior to that time, Rusty began competing for in NASCAR, finishing in second position in his debut NASCAR race, driving No. 16 for Roger Penske in the 1980 Atlanta 500. He continued to race successfully, and in 1983 he won the American Speed Association (ASA) championship. Soon he won the NASCAR Rookie of the Year honors, after which he began to drive the No. 2 Valugard Pontiac for Cliff Stewart. However, he switched to drive the No. 27 Valugard Pontiac for Raymond Beadle’s Blue Max Racing team, and soon he won the 1986 Bristol Motor Speedway. During 1987 he won Watkins Glen and Riverside championships, and in the following year he scored six wins, finishing second in the championship to Bill Elliott by 24 points.
Furthermore, in 1989 Rusty won the NASCAR Winston Cup Series Championship, and in 1991 he was an IROC champion. However, his best season was 1993, when he won the 1993 Food City 500 at Bristol Speedway, at the same time as his friend Alan Kulwicki died in a plane accident, so he dedicated the victory to him by doing Kulwicki’s trademark reverse “Polish Victory Lap”. The season he ended in the top three, contributing further to his net worth.
After the 1993 season, Rusty continued to line up success after success until 2002, and his last victory came two years later, when he won the Advance Auto Parts 500 at Martinsville Speedway. His last competition was in the 2005 NASCAR Nextel Cup, after which he retired.
However, he stayed in the sports industry as an analyst for NASCAR and ESPN, which have increased his net worth further. Beside that, he founded his racing team named Rusty Wallace Racing.
Thanks to his successful involvement in the race sports, Rusty has been inducted into several halls of fame, including the National Motorsports Press Association (2010), the NASCAR (2013), and the Motorsports Hall of Fame of America (2014).
If to talk about his personal life, Rusty Wallace has been married to Patti Hall since 1980; the couple has three children. His son is Stephen Wallace, who is also NASCAR driver. In his spare time, Rusty is known as a huge fan of flying, and he is known as a pilot, who owns several airplanes. He currently resides with his family in Charlotte, North Carolina.
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