Michael Waltrip’s Net Worth In 2024: NASCAR And Media Earnings
Michael Waltrip’s net worth in 2024 is estimated at $35 million. Discover how the NASCAR star built his fortune through racing, commentary, and endorsements.

David Mitchell
Oct 14, 2024
Michael Waltrip is a well-known figure in the world of stock car racing, famous for his talent and success on the track. Born on April 30, 1963, in Owensboro, Kentucky, he has made a significant mark in NASCAR, winning the prestigious Daytona 500 twice, first in 2001 and again in 2003. Beyond racing, Waltrip is a commentator for NASCAR on FOX, a team owner, and even a published author. His career spans over 30 years, making him a respected name in motorsports.
Early Life
Michael Waltrip was born on April 30, 1963, in Owensboro, Kentucky. He grew up in a family that loved racing, with his father being a driver and his brother, Darrell Waltrip, already successful in NASCAR. This environment helped spark his interest in racing from a young age. Michael started racing go-karts at the age of 15, often accompanied by his brother Bobby, who supported him at local races. He received encouragement from his family to balance his passion for racing with his education.
Career
Michael Waltrip is a well-known figure in NASCAR, having a career that spans decades. He began his professional racing career in 1985, competing in the NASCAR Sprint Cup Series. Over the years, he became notable for his achievements, including winning the Daytona 500 twice, in 2001 and 2003. Waltrip's career was not without its challenges; he endured a long losing streak before finally achieving his first points victory at the 2001 Daytona 500. This victory was bittersweet as it coincided with the tragic death of his close friend, Dale Earnhardt Sr.
In addition to his driving career, Waltrip became a successful team owner, establishing Michael Waltrip Racing in 2007. His team earned its first victory in 2009 and had notable drivers like Clint Bowyer and Martin Truex Jr. competing for them. Beyond racing, Waltrip has contributed to NASCAR as a broadcaster, sharing his insights with fans and helping to grow the sport's popularity.
Wife
Michael Waltrip was previously married to Elizabeth "Buffy" Franks. They tied the knot on November 27, 1993, but their marriage ended in divorce in 2010 after about 17 years together. The couple has one daughter, Margaret Carol Waltrip, who was born on September 29, 1997. Michael also has an older daughter, Caitlin Marie, from a previous relationship. Despite their separation, Michael has expressed happiness for Buffy's new life and stated that they remain good friends.
Children
Michael Waltrip has two children. His daughter Caitlin Marie Waltrip-Kinnaird was born on January 12, 1990. She is the child of Michael's former girlfriend, Laurie Smith. Caitlin is now married and has her own family. Michael also has a daughter named Margaret Carol "Macy" Waltrip, born on September 29, 1997. Macy is the daughter of Michael and his ex-wife, Elizabeth "Buffy" Franks.
Net Worth and Salary
Michael Waltrip has an estimated net worth of around $35 million as of 2024. This wealth comes from his successful career as a NASCAR driver and his work as a television commentator. While there is no specific figure for his annual salary, it likely varies based on his roles in commentary and his business ventures. Waltrip has had various brand endorsements throughout his career, including partnerships with well-known companies like Coca-Cola, NAPA Auto Parts, and Aaron’s. He has also served as a brand ambassador for several other companies.