Does Jeff Gordon Own the No. 24 Car in NASCAR?

Jeff Gordon is not only one of the most successful drivers in NASCAR history, but he’s also one of the richest. In fact, he is the second richest driver today with an estimated net worth of around $200 million.

And part of that comes from a part-ownership of the No.24 car. The No.24 was driven by Gordon himself, from 1992 to 2015. It was then driven by Chase Elliott from 2016 to 2017 and then William Byron from 2018 onwards.

In 1999, Rick Hendrick and Jeff Gordon signed a deal that made the driver a co-owner of the car. “Jeff has reached a point in his career where he is ready to contribute in more ways, and our team is at a stage where his added involvement is both needed and welcomed,” Hendrick had said.

“I know I have a great deal more to offer this team than just driving the car, and I am very excited about getting more involved,” Jeff Gordon had said.

So yes, Jeff Gordon does indeed own the No.24 car. But there’s more to his car ownership portfolio than that.

Gordon is also listed as the co-owner of the No.48 car that was driven by Jimmie Johnson and is currently driven by Alex Bowman.

Jeff Gordon could be Mr. H’s successor at Hendrick

In 2021, Gordon was announced by Rick Hendrick as the Vice Chairman, the second-highest position at HMS. “Jeff and I have talked about this for many years, and I feel it’s a natural evolution for him and our company,” Hendrick said in a statement.

Hendrick also said how he’s ‘impressed‘ by Gordon’s business instincts. “On some level, he’s been involved in every major decision we’ve made over the last two decades, and his influence has continued to grow since he stopped driving,” the 71-year-old added.

Considering Rick Hendrick’s age, his trust in Gordon, Gordon’s own career-long association with Hendrick, and several other bits and pieces of factors, everything points to the strong possibility of Jeff Gordon succeeding Mr. H at Hendrick Motorsports in the near future.

Also Read: How Jeff Gordon’s Banned T-Rex Car Was Accidentally Produced by Hendrick Motorsports