Bruton Smith: Speedway motorsports| what is net worth| Obituary

Bruton Smith, who originated from rural North Carolina and admired his love of motorsports. Today we will discuss about Bruton Smith: Speedway motorsports| what is net worth| Obituary

Bruton Smith: Speedway motorsports| what is net worth| Obituary

Olen Bruton Smith (March 3, 1927 – June 22, 2022) is a NASCAR track owner named Speedway Motorsports, Inc. Was Promoter and Owner/CEO of He was inducted into the NASCAR Hall of Fame on January 23, 2016.[2] He was ranked 207 on the Forbes 400 list in 2005 with an estimated worth of $1.5 billion, [3] and dropped to 278 in 2006 (estimated). 1.4 billion dollars). [4] He was inducted into the International Motorsports Hall of Fame in 2007. In 2012, Smith was classified by CNN Money as the oldest CEO of the Fortune 500.

Speedway motorsports

Smith built Charlotte Motor Speedway in 1959 for $1.5 million, [8] with funding from his wealthy brother-in-law. [7] Racer Curtis Turner helped promote the track. [7] Two years later Smith went bankrupt. [3] The track was handed over by Judge JB Craven to local furniture store owner Richard Howard, who ran the track and bailed it out of his debts (the mortgage was publicly burned down in 1967) while Smith moved to Illinois, eventually Bought other shares of stock. On track to regain control in the early 1970s. [14]

He later joined Speedway Motorsports, Inc. (SMI), which owns eight NASCAR tracks, hosting twelve of the NASCAR Sprint Cup events. Speedway Motorsports has Charlotte Motor Speedway, Atlanta Motor Speedway, Bristol Motor Speedway, Sonoma Raceway, Kentucky Speedway, [15] Las Vegas Motor Speedway, New Hampshire Motor Speedway, [16] and Texas Motor Speedway. The NASCAR All-Star Race is also held annually at the SMI track. From 1985 to 2019 it was held at Charlotte Motor Speedway, with the exception of 1986 when it was held at Atlanta Motor Speedway. Bristol Motor Speedway held it once in 2020, and Texas Motor Speedway has held it ever since. He rocked the motorsports world in 1995 when he took the company public and traded it on the New York Stock Exchange (NYSE). [17] SMI was the first motorsports company to be traded on the NYSE.

what is net worth

Bruton Smith is an American racing promoter and race track owner who has a net worth of $1 billion. Bruton Smith was born in Oakborough, North Carolina in March 1927. He is a member of NASCAR Track Speedway Motorsports, Inc. Promoter and owner as well as CEO. Smith was inducted into the NASCAR Hall of Fame in 2016 after being inducted into International Motorsports. Hall of Fame in 2007.

He was named the oldest CEO of Fortune 500 by CNN Money in 2012. Bruton Smith bought his first race car at the age of 17 and began promoting stock car events at the age of 18. He acquired the National Stock Car Racing Association in 1949 and built Charlotte Motor Speedway in 1959 for $1.5 million. Smith has also been inducted into the North Carolina Business Hall of Fame. He founded a group of 100 car dealerships in America called Sonic Automotive.

Obituary

Speedway Motorsports Inc., which he founded in 1994, currently owns and operates eleven race tracks: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, Texas Motor Speedway, Dover Motor Speedway, Nashville Superspeedway, North Wilkesboro Speedway and Kentucky Speedway.

SMI-owned tracks make up more than a third of the 2022 NASCAR Cup Series schedule.

He was also a philanthropist and founded Speedway Children’s Charities in 1982 in memory of his son, Bruton Cameron Smith, who died at a very young age. He has provided more than $60 million dollars to local organizations nationwide with the goal of improving the quality of life of children in need.

He leaves behind his sons Marcus and David, his daughter Anna Lisa, his mother Bonnie Smith, as well as seven grandchildren.