Kyle Petty at a Glance
- Net Worth (2025): $20 Million
- Birthdate: June 2, 1960
- Birthplace: Level Cross, North Carolina
- Profession: NASCAR Driver, Broadcaster, Musician
- Nationality: American
Table of Contents
What is Kyle Petty’s Net Worth?
Kyle Petty has a net worth of $20 million. His wealth stems from a multi-faceted career that spans over three decades of professional racing, a lucrative transition into sports broadcasting, and ongoing business ventures within the automotive industry. Unlike many drivers who retire quietly, Petty successfully pivoted into a second career as a premier television analyst, ensuring a steady high-level income long after hanging up his helmet.
During his driving career, Petty earned over $32 million in purse winnings alone. This figure does not include the substantial income generated from base salaries and corporate sponsorships with major brands like 7-Eleven, Mello Yello, and Hot Wheels. In the modern era, his financial portfolio is bolstered by his role as a broadcast personality for NBC Sports, where he serves as a primary analyst for NASCAR Cup and Xfinity Series coverage.
NBC Sports Salary
Broadcasting has become Petty’s primary revenue stream following his retirement from racing in 2008. He is a staple of NBC Sports’ NASCAR coverage, appearing on pre-race and post-race shows such as NASCAR America. Senior analysts with his level of tenure and expertise in major network sports broadcasting typically command salaries in the mid-six-figure to low-seven-figure range annually. His contract ensures his continued financial relevance and visibility in the sport.
Charity Ride Brand Value
The Kyle Petty Charity Ride Across America is one of the most successful philanthropic events in motorsports, raising over $24 million cumulatively for Victory Junction, a camp for chronically ill children. While these funds go directly to charity rather than Petty’s pocket, the event significantly enhances his personal brand value. The ride attracts high-profile corporate partners and celebrity participants, solidifying Petty’s status as an influential industry leader and maintaining the high-level networking connections that support his broadcasting and business careers.
Early Life
Born into racing royalty in Level Cross, North Carolina, Kyle Eugene Petty was immersed in the automotive world from day one. He is the son of seven-time NASCAR champion Richard Petty and the grandson of pioneer Lee Petty. He grew up in the garages of Petty Enterprises, witnessing the evolution of stock car racing firsthand.
Petty attended Randleman High School, where he initially focused on football and track before shifting his attention entirely to racing. He did not spend years in lower-tier divisions; famously, he made his major league stock car debut at age 18 directly in the ARCA Racing Series at Daytona, winning the race on his first attempt. This immediate success launched him into the NASCAR Cup Series, placing immense expectations on his shoulders to carry the family legacy.
Career
Petty’s professional racing career is defined by longevity and flashes of brilliance. He made his NASCAR Winston Cup Series debut in 1979. While he spent his early years driving for his family’s team, Petty Enterprises, his career truly flourished when he stepped out of his father’s shadow.
In the mid-1980s, Petty moved to Wood Brothers Racing, piloting the iconic No. 7 7-Eleven Ford. This partnership yielded his first Cup Series victory at Richmond in 1986. He later joined SABCO Racing, owned by Felix Sabates, where he enjoyed his most statistically and financially successful period. Driving the flamboyant No. 42 Mello Yello Pontiac, Petty became a championship contender in the early 1990s. His best season came in 1992, where he finished fifth in the standings and secured two victories.
Over the course of his driving career, Petty accumulated eight Cup Series wins and 173 top-ten finishes. He became known for his ability to win on varied tracks, excelling particularly at Rockingham and Dover. Following his stint with SABCO, he returned to Petty Enterprises as a driver-owner to help stabilize the family business, eventually retiring from full-time driving in 2008.
Immediately upon retiring, Petty transitioned to television. He joined TNT as a color commentator and later moved to NBC Sports. His analysis is respected for its candor and depth, and he remains one of the most recognizable faces on NASCAR race days.
Real Estate
Petty has historically held significant property assets in his home state of North Carolina. His most notable real estate holding was Adaumont Farm in Trinity, North Carolina. The massive 380-acre estate served as his primary residence and featured a 4,000-square-foot main house, a 25,000-square-foot barn, an event center, and a private lake.
Following his divorce from his first wife, the property was listed for sale at $5.5 million. It eventually sold for approximately $3.85 million. The estate has since been converted into a premier wedding and event venue. Petty currently resides in a more private residence in the Charlotte area, the central hub for the NASCAR industry and NBC’s production studios.
Personal Life
Petty’s personal life has been marked by both public celebration and profound tragedy. He was married to Pattie Petty for 33 years before their divorce in 2012. The couple had three children: Adam, Austin, and Montgomery Lee.
In May 2000, the family suffered a devastating loss when their eldest son, Adam Petty—the first fourth-generation driver in NASCAR history—was killed in a practice crash at New Hampshire Motor Speedway. In Adam’s honor, Kyle and the family founded Victory Junction, a camp that serves children with serious medical conditions.
Petty remarried in 2015 to Morgan Mitchell. The couple has three young sons: Overton, Cotten, and Davin. Petty frequently shares updates on his younger children, balancing his time between his broadcasting duties and raising a second family.
