Mark Martin's Net Worth (Updated 2024)

Publish date: 2024-06-23

What is Mark Martin’s net worth?

Net Worth:	$70 Million
Age:	64
Born:	January 9, 1959
Gender:	Male
Height:	1.68 m (5 ft 6 in)
Country of Origin:	United States of America
Source of Wealth:	Professional Racing Driver
Last Updated:	March 8, 2023

Table of Contents

Introduction

Mark Martin is an American stock car driver who has earned 40 Cup Series wins and is often described as the best driver to never have won a championship.

Although he retired in 2014, Martin continues to grow his fortune as the owner of numerous automobile dealerships and a driver development coach.

As of January 2024, Mark Martin’s net worth is estimated to be $70 Million.

Mark Martin Facts

In 1987, Martin won his first NASCAR Xfinity Series race at the Budweiser 200.
Mark Martin won his first NASCAR Cup Series race in 1989 at the AC Delco 500.
Before joining NASCAR, Martin won the 1977 ASA National Tour Rookie of the Year award.
Mark Martin has won the International Race of Champions five times; in 1994, 1996, 1997, 1998, and 2005.
In 2017, Martin was inducted into the NASCAR Hall of Fame.

Early Life

Mark Anthony Martin was born January 9, 1959, in Batesville, Arkansas, and he began racing on dirt tracks around his hometown.

Later, Martin joined the ASA racing series, going on to win 22 ASA races and four championships in 1978, 1979, 1980, and 1986.

While little else is known about his childhood, it is obvious that racing is something he has been passionate about for a long time.

It also seems that his parents supported his dreams, as when he started racing officially in 1974, he did so in a car that was built and sponsored by his father.

After making a name for himself in the ASA, Martin joined NASCAR in 1981, though his start was anything but smooth.

Career

From 1981 to 1987, Mark Martin drove for six different teams, and while he earned a few pole positions, the first team he was with, owned by Bud Reeder, had trouble clinching titles.

Despite this, Martin was able to persevere, and by 1988, he joined Roush Racing and started picking up steam, winning his first Winston Cup race in 1989.

Martin entered the 1990s with a winning streak, earning the IROC title in 1994, 1996, 1997, and 1998.

He also won the Winston 500 twice, in 1995 and 1997, followed by the Bud Shootout in 1999.

In 1998 especially, Martin experienced a fantastic year, with seven wins, 22 top fives, and 26 top 10s.

With Roush racing, Martin was about to win 35 career NASCAR Cup Series races, and while he decided to cut back on full-time racing in the series in 2005, he finished out the season, dubbing it the “Salute to your” tour.

Martin joined Ginn Racing in 2007 and finished second at the Daytona 500, only 0.020 seconds behind Kevin Harvick.

The same year Martin chose not to compete in the Food City 500, becoming the first points leader since Cale Yarborough to sit out a race.

Following that season, Martin joined Dale Earnhardt, Inc after it bought out Ginn Racing, but left in 2009 to compete for Hendrick Motorsports, becoming the fourth driver to win a Cup race after turning 50.

Martin continued racing for Hendrick until 2012 when he moved to Michael Waltrip Racing, and the next year he finished third at the Daytona 500.

In 2013 Martin raced for Stewart-Haas Racing, but after a shakey first season, Martin announced he wouldn’t compete in 2014, though he didn’t officially announce his retirement until February 2015.

Mark Martin’s Career Earnings

Mark Martin has earned a substantial amount throughout his career, and although he is no longer one of the richest racing drivers in the world, his earnings are still substantial.

While we can’t cover everything he has earned during his long career in NASCAR, we can highlight some of his most significant gains.

In the NASCAR Cup Series, Mark Martin earned $92 million for competing in 882 races in 32 years, starting in 1981.
Similarly, Martin earned $4.1 million from competing in 236 races in the NASCAR Xfinity Series over 23 years.
Martin competed in the Camping World Truck Series for five years and earned $762k.
In the International Race of Champions, Martin earned $2.4 million in 12 years, winning five races.

Despite not having the exuberant wealth of his fellow racer Michael Schumacher, Mark Martin has done very well for himself during his decades-long career behind the wheel.

Personal Life

Mark Martin married his wife Arlene in 1984, and together they have five children, four of which are from his wife’s first marriage.

With his wife, Martin currently lives in Daytona Beach, Florida, and has previously lived in Jamestown, North Carolina.

Since leaving the racing circuit, Martin has become the owner of five car dealerships in Arkansas for brands including Hyundai Motors, General Motors, Ford Motor Company, and Fiat.

Martin and his wife spend a lot of time on the road in some of the most expensive RVs in the world, and he also enjoys listening to rap music, saying that Gucci Mane is his favorite artist.

On social media, Martin can be found on his official Instagram account, as well as his official Twitter account, where he posts about cars, racing, and his travels.

Awards & Achievements

Mark Martin has won numerous awards throughout his career, even if he’s never won a championship.

Although all of his accolades are noteworthy, some have been more significant than others.

Here are some of Mark Martin’s most important career awards:

In 1997, Mark Martin was named the ASA National Rookie of the Year.
Martin was named one of NASCAR’s 50 Greatest Drivers in 1998.
At the International Race of Champions, Martin took first place five times; in 1994, 1996,1997,1998, and 2005.
In 2015, Martin was inducted into the Motorsports Hall of Fame of America.
Mark Martin was inducted into the NASCAR Hall of Fame in 2017.

Martin may not be as universally known as Dale Earnhardt Jr, but he has certainly earned his fair share of prestigious awards.

How Does Mark Martin Spend His Money?

In 2016, Mark Martin put his lakeside North Carolina mansion up for sale with an asking price of $2.55 million, after having bought the home in 2012 for $2 million.

Originally built in 1994, this 5,767 sqft home was designed to stand out on Lake Norman’s shoreline, and almost every room has windows that provide a lakeside view.

The home also boasts a huge kitchen, a luxury dining room, and a huge living area with towering ceilings, built-in bookcases, and a two-story fireplace.

On the lower-level of the home there is also a climate-controlled four-car garage, a library, a wet bar, and a large entertainment space.

It even comes with its own private dock on the lake and two patios that allow for stunning views of the lake from either the first or second floors.

Highlights

Mark Martin has reached many important milestones during his racing career, and each has helped cement his place as a stock car legend.

However, some of the highest points in his career are the ones that had the greatest impact on his fame and fortune.

Here are some of the best highlights of Mark Martin’s career:

Mark Martin started racing for NASCAR in 1981, earning two pole positions and a third-place finish at Martinsville.
Martin won his first NASCAR Xfinity Series race at the Budweiser 200 in 1987.
In 1989, Martin won his first NASCAR Cup Series race at the AC Delco 500.
Martin won his first NASCAR Camping World Truck Series in 1996 at the Lowe’s 250.
In 2008, Martin was inducted into the Legends of The Glen, a racetrack where he set the record for the most top 5s and top 10s.

Although these are just a few of his many greatest achievements, these highlights have been some of his most exceptional moments.

Favorite Mark Martin Quotes

Mark Martin has been an inspiration to aspiring drivers and fans alike, and despite his resounding success, he has remained humble and down-to-earth.

In a way, it makes sense that he’s since gone on to be a development coach, because he certainly knows what to say to keep people motivated.

Here are our favorite quotes from Mark Martin:

“I don’t think that I’m the smartest guy around, so I’m better off keeping my mouth shut as much as I can rather than opening my mouth and proving to people that I don’t know what I’m talking about.” – Mark Martin
“Your character is slowly built and quickly eroded. You’re definitely influenced by whatever you are immersed in and whatever you’re around and what you’re a part of.” – Mark Martin
“I’m not always successful. But I try to treat people the way I want to be treated. I really try to keep that in mind, but it doesn’t always work.” – Mark Martin
“I try not to have expectations because they can tend to tear you apart. I expect to work as hard as I can possibly work, and I expect to give every ounce of a hundred percent.” – Mark Martin
“I think what you study and what you believe in has an influence on the way you live.” – Mark Martin

3 Amazing Lessons From Mark Martin

We can learn a lot from Mark Martin and his long career as a professional race car driver.

Now that you know all about Mark Martin’s net worth, we can take a closer look at what he can teach us about finding success in our own lives.

Here are some of the best success lessons to learn from Mark Martin:

1. Build Bridges, Don’t Burn Them

Networking is invaluable if you are trying to become successful; without it, you could risk losing access to important opportunities.

Whenever possible, look for ways to build bridges with the people around you, and only demolish them if absolutely necessary, because you never know when a connection could be useful.

2. Don’t Expect Success; Demand Your Best

You can never expect success to happen; all you can do is give 100% and work as hard as possible to try and bring it to fruition.

No one is going to reach your goals for you, so always demand your best, no matter what you are doing.

3. Know When To Ask For Help

Asking for help is something many people struggle with, but it is one of the best things a successful person can do.

Don’t be afraid to ask for assistance when you need it because, ultimately, it can only help you learn new skills and prevent unnecessary setbacks.

Summary

Mark Martin is one of the most celebrated stock car drivers in history, and his long career behind the wheel has earned him a substantial net worth.

While he no longer competes, his wealth continues to grow via his extensive business ventures, ensuring that he will only continue to become more affluent.

Make sure to check back often so that you don’t miss any updates impacting Mark Martin’s fortune.