Paul Tracy at a Glance
- Net Worth: $20 Million
- Profession: Professional Racing Driver, Broadcaster
- Date of Birth: December 17, 1968
- Birthplace: Scarborough, Ontario, Canada
- Nationality: Canadian
What is Paul Tracy’s Net Worth?
Paul Tracy has a net worth of $20 million. His wealth is derived primarily from a three-decade career as one of North America’s most successful—and controversial—open-wheel racing drivers. Unlike modern drivers whose income relies heavily on personal sponsorship, Tracy competed during the “Golden Era” of CART (Championship Auto Racing Teams) in the 1990s and early 2000s, where driver salaries and race purses were at their historical peak.
Tracy’s financial standing was further solidified by a lucrative post-racing career as a television analyst for NBC Sports and continued participation in various racing series, including the Superstar Racing Experience (SRX) and the Trans Am Series. Beyond the track, he maintains investment interests in the automotive aftermarket sector and real estate.
Early Life
Born in Scarborough, Ontario, Paul Tracy was immersed in motorsport from a young age. His father, Tony Tracy, was a successful house painter and amateur racer who provided the financial backing and mechanical support necessary for Paul’s early karting career. Tracy displayed immense natural talent, winning the Canadian Formula Ford Championship at age 16—the youngest ever to do so.
His rapid ascent continued through the ranks of the Can-Am series, where he became the youngest winner in the series’ history in 1986. By 1990, he captured the Indy Lights Championship, a victory that directly paved the way for his entry into top-tier open-wheel racing.
Career
Paul Tracy’s career is defined by raw speed, aggressive tactics, and a polarizing personality that earned him a massive fan following. His professional timeline spans the heights of open-wheel dominance to recent stints in stock car racing.
Tracy made his CART debut in 1991 with Penske Racing. His aggressive driving style—often using the front of his car to nudge competitors out of the way—earned him the nickname “The Chrome Horn.” His tenure at Penske (1991–1994, 1996–1997) established him as a championship contender, though inconsistency often kept him from the title.
He later moved to Team Green (1998–2002), where he enjoyed significant success, including a highly contentious second-place finish at the 2002 Indianapolis 500. Tracy has long maintained that he completed the pass for the win before the caution lights came on, a dispute that remains one of the most debated moments in Indy history.
Tracy’s financial and professional peak arrived in 2003 after moving to Forsythe Racing. Driving the relentless “Player’s” sponsored car, he dominated the Champ Car World Series season, securing seven victories and finally claiming his first and only major championship. This title solidified his legacy as one of Canada’s greatest racing exports.
In recent years, Tracy competed in the Superstar Racing Experience (SRX), a series pitting racing legends against one another. However, his tenure ended abruptly in July 2023. Following a severe crash involving Ken Schrader and Josef Newgarden, which destroyed multiple cars, SRX leadership suspended Tracy indefinitely, citing safety concerns. This suspension marked a significant financial blow to his late-career earnings, removing him from a high-visibility platform.
Despite the SRX controversy, Tracy has not retired. In 2025, he remains active in the Trans Am Series presented by Pirelli, competing in the XGT class. Driving for the “Race Cars For You” team, he continues to secure podium finishes and victories, proving that his pace remains intact even as he approaches his late 50s.
Real Estate
Paul Tracy resides in Scottsdale, Arizona, a popular hub for professional racing drivers due to its climate and proximity to West Coast tracks. He owns a luxury property in the northern part of the city, specifically in the Morning Vista Road area.
The property features ample garage space, a necessity for Tracy’s extensive collection of cars and motorcycles. The Scottsdale real estate market has seen significant appreciation over the last decade, meaning his primary residence likely represents a multi-million dollar asset within his net worth.
Personal Life
Tracy’s personal life often mirrors the high-octane nature of his career. He is currently in a long-term relationship with his partner, Lisa. He has been married previously and has two children.
Outside of professional competition, Tracy is an avid cyclist and fitness enthusiast, often using cycling to maintain the physical conditioning required for racing. He is also a known collector of custom vehicles, frequently showcasing modified trucks and motorcycles that align with his “Black Label” business interests.
