Bobby Rahal Net Worth 2024

Bobby Rahal
Rahal in 2021
Born	Robert Woodward Rahal (1953-01-10) January 10, 1953 (age 71) Medina, Ohio, U.S.
Championship titles
CART Championship Car (1986, 1987, 1992) Major victories 24 Hours of Daytona (1981) Indianapolis 500 (1986) 12 Hours of Sebring (1987) Pocono 500 (1988)
Champ Car career
265 races run over 17 years
Best finish	1st (1986, 1987, 1992)
First race	1982 Kraco Car Stereo 150 (Phoenix)
Last race	1998 Marlboro 500 (Fontana)
First win	1982 Cleveland Grand Prix (Cleveland)
Last win	1992 Bosch Spark Plug Grand Prix (Nazareth)
Wins Podiums Poles 24 88 17
Formula One World Championship career
Nationality	American
Active years	1978
Teams	Wolf
Entries	2
Championships	0
Wins	0
Podiums	0
Career points	0
Pole positions	0
Fastest laps	0
First entry	1978 United States Grand Prix
Last entry	1978 Canadian Grand Prix
NASCAR driver
NASCAR Cup Series career
1 race run over 1 year
Best finish	91st (1984)
First race	1984 Winston Western 500 (Riverside)
Wins Top tens Poles 0 0 0
24 Hours of Le Mans career
Years	1980, 1982
Teams	Barbour, Garretson
Best finish	DNF (1980, 1982)
Class wins	0

Robert Woodward Rahal (/ˈreɪhɔːl/ RAY-hawl; born January 10, 1953) is an American former auto racing driver and current team co-owner of Rahal Letterman Lanigan Racing along with Mike Lanigan of Mi-Jack Products and Television Host David Letterman. As a driver he won three championships and 24 races in the CART open-wheel series, including the 1986 Indianapolis 500. He also won the Indianapolis 500 in 2004 and 2020 as team owner for Buddy Rice and Takuma Sato, respectively.

After retiring as a driver, Rahal held managerial positions with the Jaguar Formula 1 team and also was an interim president of the CART series. Rahal was also a sports car driver during the 1980s, and made one NASCAR start for the Wood Brothers.

Rahal began his career in SCCA feeder categories, eventually finishing second to Gilles Villeneuve in the 1977 Formula Atlantic championship. The following year, he competed in the 1978 New Zealand Grand Prix with Fred Opert Racing (Formula Pacific) and in European Formula Three with Wolf Racing. Near the end of the season, Rahal raced for the Wolf Formula 1 team in the 1978 United States Grand Prix and the 1978 Canadian Grand Prix.^[1] The deal with Wolf did not continue into the 1979 season, as Wolf signed up James Hunt for the one and only car available. Rahal began the 1979 racing a Chevron in Formula Two, but returned to America mid-season and raced in the Can-Am series. During the next few seasons, he competed in various sports car events, including the 24 Hours of Le Mans and the IMSA GT Championship.

In 1982, Rahal entered the CART Indy car series with the Truesports team, winning two races and finishing second in the championship behind Rick Mears. He continued racing for Truesports through the 1988 season, winning at least one race every year. In 1986, Rahal dramatically passed Kevin Cogan on a restart with two laps to go to win the Indianapolis 500, only days before his team owner, Jim Trueman died of cancer. Later that year, Rahal won his first CART championship, and successfully defended it the following year.

In 1988, Rahal won the last race the Truesports team ever won, the Quaker State 500 at Pocono, the first and only Indy car victory for the Judd engine.

During his CART career, Rahal also won races in IMSA and IROC. By 1989, Rahal had ended his occasional forays into sports car racing and focused solely on CART. He moved over to the Kraco race team, but this association produced only two wins over three seasons.

Rahal competed in one NASCAR race in his career. In November 1984 he drove the 7-11 sponsored Wood Brothers #21 Ford (substituting for Buddy Baker) to a 40th-place finish in the Winston Western 500 at Riverside International Speedway, completing only 44 laps before breaking a rear end gear.^[2]

After losing the championship to Michael Andretti in 1991, Rahal (with partner Carl Hogan) acquired the assets to the former Pat Patrick Racing team, with Rahal becoming an owner-driver. The team was an immediate success in 1992, producing four wins for Rahal and his third CART championship, making him the last owner-driver to win the CART title, and the last driver to win a race with his own team until Adrian Fernandez did so in 2003. In 1993, Rahal attempted to develop his own Rahal-Hogan chassis, but reverted to the Lola chassis after failing to qualify for the 1993 Indianapolis 500. In 1994 the team brought the Honda engine into the CART series. Except for a second-place finish at Toronto, he and teammate Mike Groff struggled to show the full potential of an engine that would soon dominate the series. In 1995 at Long Beach Rahal became the 10th driver in Championship Car history (including AAA, USAC, and CART) to start 200 races in his career.^[3] Despite no wins, Rahal finished a strong 3rd in the 1995 standings using the Mercedes engine.

Rahal continued as a racing driver until his retirement in 1998. Meanwhile, Hogan left to form his own team and talk show host David Letterman became a minority owner in 1996. The team became known as Team Rahal in 1996 and Rahal Letterman Racing in 2004, when Rahal switched from CART to the IRL full-time.

In 2000, Rahal joined the Jaguar Formula One team in a managerial capacity. During this time, Rahal attempted to hire championship-winning aerodynamicist Adrian Newey, briefly believing that the deal had been completed, but was unsuccessful. However, Rahal was fired after reportedly attempting to sell driver Eddie Irvine to rivals Jordan.^[4] Ironically, the team fired Irvine little more than a year after firing Rahal, while Newey joined in 2006, a year after the team was sold to Red Bull.

Rahal was the interim President and CEO of CART for six months during the 2000 season.

His business interests include Bobby Rahal Automotive Group, a network of car dealerships in western and central Pennsylvania selling Acura, BMW, Honda, Jaguar, Land Rover, Lexus, Mercedes-Benz, Toyota and Volvo.

In 2021, Rahal began to venture into race promoting with the help of former IndyCar and Indianapolis Motor Speedway owner Tony George.^[5] Rahal's first move in race promotion was to return the popular Iowa Speedway round to IndyCar after it had been left off of the 2021 calendar. Rahal was able to recruit Iowa supermarket chain Hy-Vee as a sponsor and secured a multi year agreement between IndyCar and Iowa Speedway to run a double header event at the track starting in 2022.^[6]

• International Motorsports Hall of Fame (2004)
• Motorsports Hall of Fame of America (2004)^[7]
• SCCA Hall of Fame (2013)^[8]
• Indianapolis Motor Speedway Hall of Fame (2014)
• Simeone Foundation Spirit of Competition Award (2014)^[9]

At WeatherTech Raceway Laguna Seca, the back straight leading up to the corkscrew was named the "Rahal Straight" in his honor.

He is the son of Barbara and Michael Rahal (1924-2017) who raced autos for over two decades.^[10][11] His father is of Lebanese descent and his mother is of English descent.^[12] His father owned a wholesale food distribution business.^[10] Rahal was raised in the Chicago suburb of Glen Ellyn and attended Glenbard West High School as class of 1971. Rahal is a graduate of Denison University,^[12] where his father also graduated.^[10]

Rahal formerly lived in New Albany, Ohio. He now lives in the Lincoln Park neighborhood of Chicago. His son is Graham Rahal, who races in the IndyCar Series.^[11]

Rahal owns a 1975 Lola T360 which he occasionally races at vintage racing events.

In 2023, Rahal had knee surgery which he is currently recovering from.

(key) (Races in bold indicate pole position / Races in italics indicate fastest lap)

(key) (Races in bold indicate pole position; races in italics indicate fastest lap)

(key) (Races in bold indicate pole position)

(key) (Bold – Pole position awarded by qualifying time. Italics – Pole position earned by points standings or practice time. * – Most laps led.)

Year	Team	Co-Drivers	Car	Class	Laps	Pos.	Class Pos.
1980	Dick Barbour Racing	Bob Garretson Allan Moffat	Porsche 935 K3	IMSA	134	DNF	DNF
1982	Garretson Developments	Skeeter McKitterick Jim Trueman	March 82G	C	28	DNF	DNF

• Rahal Letterman Racing website
• Rahal's automobile dealerships website
• The Greatest 33
• Bobby Rahal driver statistics at Racing-Reference