Kriti Mehrotra
Born on May 24, 1990, in Middletown, Connecticut, to Deborah and Tom Logano as one of their two children, Joseph “Joey” Thomas Logano developed an interest in racing at an early age. However, no one could have ever imagined that the ambitious young boy would actually end up evolving into one of the best stock car drivers of recent years while still in his 20s and early 30s. After all, as explored in Netflix’s ‘Full Speed,’ the now North Carolina-based happily married father of three is already a proud multi-racer as well as a 3 times NASCAR Cup Series Champion.
How Did Joey Logano Earn His Money?
When Joey Logano was merely 6 years old, he kickstarted his career as a professional driver under the Quarter Midget Racing league and quickly proved his mettle. He even won his first championship in the Junior Stock Car Division the next year, which he followed with the Junior Honda Championship in 1998 and the Late Model Championship in 1999. That’s also the year he secured three undeniable wins under the New England Regional league before moving on to primarily focus on racing in various Late Model series as a teenager. Joey was able to showcase his skills on the circuit more often than not, resulting in him catching the eye of numerous executives, fellow racers, and veteran hall of famers. That’s how he ended up with the nickname “sliced bread,” indicating he is the greatest thing to have come to light since, given to him by two-time Busch Series champion Randy LaJoie.
The driver then dabbled in the FASCAR Pro Truck Series, USAR Hooters Pro Cup Series, ARCA Menards Series, and the NASCAR West Series, too, the latter of which he did under Joe Gibbs Racing. Therefore, by the time 2008 rolled around, Joey was more than ready to make his NASCAR Xfinity Series debut, where he became the youngest winner in its history during his third race. From there, he kept on winning races or securing poles to such an extent that he soon found himself competing in the renowned Craftsman Truck Series and NASCAR Cup Series too. It was in 2008 itself that he made his debut for both these leagues, the former of which was under the banner of HT Motorsports and the latter under Joe Gibbs Racing again – he even drove in Xfinity for them.
Although Joey was remarked as an incredible racer by all accounts, his initial few years in the Cup series weren’t all that memorable, despite him winning a race and earning some poles. He even became the youngest winner in the series’ expansive history when he won the Lenox Industrial Tools 301 in Loudon, New Hampshire, in 2009 at the age of 19 years, 35 days. Yet, he was technically underperforming, resulting in him parting ways with Joe Gibbs Racing in 2012 after a rather complex season with 12 top 10 positions as well as a win, yet a total of only 965 points.
Joey then signed with Team Penske as their #22 driver, just for his efforts and the support he received from executives, engineers, his pit crew, and all other aspects, to turn everything around. During his first season here, he was in the top 8 of the playoffs before gradually continuing to hone his skills by still competing in other leagues too, particularly the Xfinity and Truck Series. He subsequently rose to be among the best of the best, culminating in his ambitions also expanding and him rightfully earning the NASCAR Cup Series Championship in 2018, 2022, and 2024.
Joey Logano’s Net Worth
Considering the fact that Joey has been actively competing as a race car driver for the majority of his life, it comes as no surprise that he has managed to accumulate significant wealth for himself. That’s because racers not only earn a base salary from their employers, but they also get a percentage of the purse from each win (usually 10%), along with income from any partnerships or sponsorships. Therefore, with him consistently having participated in three major NASCAR leagues since 2008 – Truck, Xfinity, and Cup – it’s undeniable that his experience plays a role in his salary. Per reports, Joey started his NASCAR career with a contract of $300,000-$500,000, but today, he takes home nearly $10 million a year from Team Penske for the Cup Series alone.
Joey likely had a similar base for the other leagues, that is, until he stopped competing in them – his last race in the Truck Series was in 2023, whereas his last race in the Xfinity series was in 2024. Furthermore, it’s imperative to note that with nearly 80 races and 78 wins as of writing, Joey has likely made millions of dollars through the winning purses alone – they have ranged from $500,000 to 11 million across his career. Then there are also the three major Championship bonuses he has earned, which was an astounding $11,700,064 in 2024. So, taking all these aspects into account, along with his lifestyle as a family man, assets, investments, returns, expenses, and partnership with various brands, we believe he has a net worth of $25 million.
Read More: Brittany and Joey Lagano: Are the Full Speed Stars Still Married?
