Josef Newgarden Net Worth – How Much is He Worth?

Josef Newgarden Net Worth

American Racing Driver Josef Newgarden competes in the IndyCar Series full-time for Team Penske. This article covers information about Josef Newgarden Net Worth, Wife, Bio, and more.

So let’s get started without any further ado-

Josef Newgarden Net Worth

Josef Newgarden has run several races and earned a significant amount of money throughout his racing career. He is the Winner of the IndyCar Series Championship in 2017 and 2019. He is also the champion of the 2011 Indy Lights and the 2023 Indianapolis 500.

As per the latest update and references, Josef Newgarden Net worth is estimated to be $5 million. 

Josef Newgarden Salary and Earnings

Josef Newgarden Salary and Earnings
Josef Newgarden Net Worth

As a Successful IndyCar Series Racing driver, Newgarden earns considerable income. His earnings mainly come from racing contracts and winning prizes. He won several races, including IndyCar Series Championship and Indy Lights, and recently, Josef won the 2023 Indianapolis 500.

Enforcement deals also have a crucial role in improving Newgarden’s Net Worth. Racing drivers are prominent figures in the Motorsports industry. Newgarden has endorsement partnerships with several brands. Although, no lump sum amount can be considered as his salary. As mentioned, he earns from his racing contracts, winning prizes, and enforcement deals, so there are no details available for Josef’s salary amount.

Josef Newgarden Biography and Early Life

Josef Nicolai Newgarden was born on 22nd December 1990 in Nashville, Tennessee. His parents, Joey and Tina Newgarden, had a family business in photography. They relocated to Nashville from New York in the 1980s to pursue their business. Newgarden is half Danish via his mother.

On the other hand, Josef’s Father was very passionate about NASCAR, IndyCar, and Formula 1. He used to watch racing on television, which gave Josef the experience; it sparked his Passion for sports at a young age. 

Newgarden was raised in Hendersonville, Tennessee. He studied at Pope John Paul II High School, where he was a former classmate and friend of Golden Tate, A NFL Pro Bowl wide receiver. Later in 7th and 8th grade, he was a former classmate of NASCAR driver Josh Berry. Before starting his Racing career, he used to play Baseball, Football, and Basketball.

Josef Newgarden Education

As mentioned earlier, Newgarden was born in Nashville and raised in Hendersonville, Tennessee. He attended Pope John Paul II High School. Information about his higher studies has yet to be disclosed. We will update the article once the details are available.

Josef Newgarden Wife

Josef Newgarden Family

Newgarden Announced on 7th October 2018 that he and his longtime girlfriend Ashley Welch had gotten engaged on their Japan trip. Later in the fall of 2019, they married in Nashville.

Josef Newgarden Family and Career


Josef Newgarden’s father, Joey Newgarden, and his mother, Tina Newgarden, moved to Nashville from New York to pursue their Family Photography Business. His father was an avid fan of NASCAR, IndyCar, and more racing. He used to watch the races on television with Josef. Newgadrden is the youngest child of his three siblings; he has two older sisters. The Newgarden family also includes her Wife, Ashley Welch. He has one child, who was born recently in 2022.


Newgarden’s first race vehicle was a motorized scooter. He competed around the country, and a year later, his father bought him a Kart. He went out for a Kart Racing environment at the age of 13. Josef began Karting at the Kart Racers of America (KRA) Junior Can Championship and finished 2nd and 3rd during his first year. Later he secured two championships in the Junior Can division in 2006.

Josef Newgarden Career

In 2006, Newgarden began his Open-Wheel Car Career in the Skip Barber Racing School series. He remained in the series for three years and finished 2nd place with three wins last year. After that, Newgarden was selected for the Team USA Scholarship to compete at the Formula Ford Festival Walter Hayes Trophy. 

Later, Newgarden competed in the 2009 Formula Palmer Audi Season opening round at Brands Hatch and the 2010 GP3 Series with Carlin Motorsport. He competed in multiple races at several places while at his younger age. Some were worthwhile, whereas some were disappointing.

Newgarden returned to the US to compete in the Indy Lights Series with Sam Schmidt Motorsports at the Start of 2011. That year, he won his first Indy Lights race in the Season opener on the Street of St Petersburg. 

Josef was announced as the driver for Sarah Fisher Hartman Racing on 7th December 2011. He began competing in IndyCar, and for several years, he remained in the series. In October 2016, Team Penske announced that Newgarden was competing on behalf of the team in the 2017 IndyCar Season. Newgraden won his first Race in the 2017 IndyCar Season with Team Penske during round 3 at Barber Motorsports Park.

Newgarden also won the Astor Cup, and he was the first American Born Driver to win the cup since Ryan Hunter-Reay in 2012. Later he won the opening race in the 2019 IndyCar Season at St Petersburg and followed that up with Detroit, Texas, and Iowa. Recently he won the 2023 Indianapolis 500 by drafting Marcus Ericsson on the Final Lap.


What is Josef Newgarden Net Worth?

According to updates and references, Newgarden’s latest Net worth is estimated to be $5 million.

Who is Josef Newgarden’s Wife?

Newgarden Married Ashley Welch. They married in the fall of 2019.

How old is Josef Newgarden?

Newgarden was born on 22nd December 1990; as of May 2023, he is 32 now. 

How tall is Josef Newgarden?

According to references, Newgarden is 6 feet and 1 inch (1.83 m) tall.

What Nationality Josef Newgarden Holds?

Newgarden was born in Nashville and raised in Hendersonville, Tennessee. He holds an American Nationality.

About the author

Ivan Sawyer

Ivan Sawyer is an acclaimed author at World-Wire, known for his insightful 'How-to' guides and practical tips. With a degree in Journalism, Ivan excels in simplifying complex topics for readers. His well-structured guides empower readers to make informed decisions. Recognized with awards like "Best Content Creator in Practical Guides" in 2022, Ivan is a trusted source of practical advice.

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