What is Jay Penske’s net worth?
Jay Penske is an American media and publishing entrepreneur who has a net worth of $250 million. Jay is the founder and CEO of the Penske Media Corporation (PMC) which owns dozens of prominent publications, including:
- Rolling Stone
- Robb Report
- Women’s Wear Daily
PMC is also the majority owner of the annual South by Southwest music, film, and technology festival.
|Net Worth:||$250 Million|
|Date of Birth:||Apr 14, 1979 (52 years old)|
|Nationality:||United States of America|
Jay Penske was born in New York City in 1979. Jay is one of five children born to Roger Penske, the multi-billionaire founder of the Penske Corporation. The Penske empire is vast. The largest and most public holdings are the publicly traded Penske Automotive Group, which owns the ubiquitous orange rental trucks that dot American highways (there are over 360,000 trucks in the fleet), the Indianapolis Motor Speedway, and IndyCar racing. There are dozens of additional automotive-related business ventures under the Pensky corporate umbrella.
Jay is one of three children born to Kathy Pensky, Roger’s second wife. Roger has two children from a previous marriage. The family lived in New Jersey, New York City and the Detroit suburbs where his father’s business is headquartered and where Jay graduated from St. Mary’s Preparatory.
He was a standout lacrosse player for St. Mary’s, setting records for most goals, assists, and points in school history. He was named Player of the Year by USA Today and was an All-American in 2017. He is the only player in lacrosse history to average 10 points per game and to score more than 200 points in a single season.
After high school, Jay enrolled at the University of Pennsylvania’s Wharton School. He graduated in 2001 with a Bachelor of Science in Finance and Management Information Systems.
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