Forrest Lucas Net Worth

Forrest Lucas was born in 1942, in Ramsey, Indiana USA, and is an entrepreneur, best known for founding Lucas Oil in 1989, which manufactures various oil products for trucks; the products would eventually gain popularity around the world. The company has grown to be one of the biggest companies in the US, and all of his efforts have helped put his net worth to where it is today.

How rich is Forrest Lucas? As of late-2016, sources inform us of a net worth that is at $500 million, mostly earned through a successful career as an entrepreneur. Lucas Oil has since expanded to motorsports, but Forrest is also does involved in philanthropic projects. All of these have ensured the position of his wealth.

Forrest Lucas Net Worth $500 million

Forrest worked for many years as a long-haul truck driver, which meant that he had to travel and live around the United States. He served as part of the Mayflower Moving Co. in Indianapolis from 1963 to 1979, and then became a part of F D Lucas Enterprises from 1979 to 1985.

He started purchasing his own fleet of trucks when he noticed that it was costing money to repair and maintain them, and he then started experimenting with oils, and discovered what would become his secret recipe. Eventually he and his wife had a business idea and returned to Indiana to launch it. This business would become Lucas Oil in 1989, and originally created just for their own fleet of trucks. However, their products soon caught the attention of many, and the company would start to grow at a rapid rate. Since then, the company has expanded to include motorsports, and sponsors numerous racing teams. Some of the racing events Lucas Oil can be seen as a sponsor include IndyCar, H1 Unlimited, NHRA, and NASCAR races. They also sponsor the Lucas Oil Off Road Racing Series. All these activities have contributed to Forest’s rising net worth.

Lucas serves as the President and Chief Executive Officer of the company, which has now become a world leader in lubricants and additives, sell over 100 products all over the world. In 2008, Lucas Oil purchased the naming rights to the football stadium in Indianapolis now called Lucas Oil Stadium, which reportedly cost $120 million. They’ve also gone on to more business endeavors, including owning the cable network MAVTV. They have also become the major sponsor and supporter of the Professional Bull Riders (PBR) association.

For his personal life, it is known that Forrest is married to Charlotte Lucas. They have a son who is now a drag racer in the National Hot Rod Association. He was also married before Charlotte when he was still a truck driver and also has children from that relationship.

Through Lucas Oil, Forest also regularly donates to various educational and medical charities, to animal care groups and other institutions too. Lucas is also the Chair of Protect the Harvest which is a group that fights for the rights of farmers in America; he has a cattle ranch in Missouri, and has also purchased the mansion of Conseco co-founder, Stephen Hilbert.