Wiki Biography of Don Schumacher

Donald A. Schumacher was born in Grand Rapids, Michigan, on November 4, 1944, and is best known for being the owner of Don Schumacher Racing, as well as a former race car driver. He is also the founder, Chairman, and CEO of the Chicago-based Schumacher Electric Corporation. Since the early 1960s, he has been working in the sports sector.

Have you ever considered Don Schumacher’s net worth? According to reliable sources, Don’s net worth as of mid-2016 was believed to be in the neighborhood of $50 million. He has amassed his fortune through a successful career in sports as a race car driver, as well as the owner of a corporation and a racing team.

Don Schumacher is a successful businessman with a net worth of $50 million dollars.

There is little information in the media regarding Don Schumacher’s early life, except that his father worked as a radio mechanic, then became a bookie and won a battery-charger company when the owner died owing him money. Don has always been fascinated by vehicles and racing, and he even built vintage cars in order to compete.

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Don’s racing career started in the early 1960s, and he has dominated the racetrack ever since. He won almost 70% of the races in which he competed from the late 1960s to 1974, which became the main source of his net worth at the time.

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After eleven years on the track, he departed to concentrate on his father’s company, Schumacher Electric Corporation, which manufactures charges. His net worth grew even more when he was able to grow the company from 400 personnel to over 2000, resulting in a considerable increase in product lines and sales revenue. In the 1990s, he returned to the track, but not as a driver, but as the owner of a drag racing team. His son Tony joined the team after he created Don Schumacher Racing. His squad had a terrific year in 2012, winning 22 NHRA National event titles and significantly increasing his overall net worth.

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Don was inducted into the International Motorsports Hall of Fame in 2013 as a result of his extensive commitment and sustained achievement in sports racing. Don Schumacher is married to Sarah, with whom he has four children, and they have four children. Tony Schumacher, a drag racer and NHRA champion, is his son. Don likes to golf, hunt, and fish in his spare time. Park Ridge, Illinois is where he currently lives.