Josef Newgarden is a distinguished IndyCar Series driver, celebrated for his remarkable achievements, including two championships (2017, 2019) and back-to-back Indianapolis 500 victories in 2023 and 2024. His career began with an Indy Lights championship in 2011 and has since flourished under Team Penske, showcasing 28 wins and 17 poles. Beyond racing, Newgarden is involved in community initiatives and co-authored a children’s book. His rising profile and success hint at future opportunities and challenges ahead.
Early Life
Josef Newgarden developed a passion for racing at a young age, starting karting at the age of 13. His family’s steadfast support played a crucial role in nurturing his dreams in motorsports, encouraging him to pursue his ambitions.
Through dedication and hard work, Newgarden quickly rose through the ranks, accumulating numerous titles in karting between 2006 and 2008. His early experiences and successes laid the foundation for what would become a remarkable career in diverse racing series, including his impressive victory in the Indy Lights series championship in 2011.
Family Life
Josef Newgarden, IndyCar Series driver, married Ashley Welch in 2019. Together, they co-authored the children’s book “Josef’s BIG Dream.”
The couple welcomed their son, Kota, in 2022, bringing joy to their family life. Residing in Nashville, Tennessee, Josef enjoys spending quality time with Ashley and Kota while staying active through fitness activities.
Furthermore, he is dedicated to community involvement, supporting charitable initiatives such as the Serious Fun Children’s Network and Wags and Walks animal adoption.
Career
Josef Newgarden launched his professional racing career by clinching the Indy Lights championship in 2011, where he achieved five wins and ten podium finishes.
He joined Team Penske in 2017 and has since had a stellar career, amassing 28 wins and 17 poles. Newgarden is a two-time NTT INDYCAR SERIES champion, having secured his titles in 2017 and 2019, and he holds a total of 31 career wins.
His exceptional talent is particularly apparent on oval circuits, and he has also achieved back-to-back victories at the prestigious Indianapolis 500 in 2023 and 2024, becoming one of only six drivers in history to do so.
Net Worth
As of 2024, Josef Newgarden’s estimated net worth is approximately $10 million, considerably increased by his racing contracts, endorsements, and a substantial $4.3 million victory bonus from the Indianapolis 500.
His career earnings from the Indianapolis 500 alone total around $12.6 million. Throughout his career, Newgarden has drawn impressive salaries, including $3 million in 2022, $2.5 million in 2021, $2 million in 2020, $1.8 million in 2019, and $1.5 million in 2018.
His partnership with Klutch Sports Group improves his marketing and sponsorship opportunities, which may further contribute to his financial success.
Moreover, Newgarden’s dual U.S. and Danish citizenship provides him with unique commercial opportunities in both markets, favorably impacting his financial portfolio.