We are all familiar with the life of our favorite NASCAR racer Sam Lowes. It was revealed in an interview on ESPN the week before the 2008 Honda Indy Motor Speedway Grand Prix event that Lowes made about six figures annually with his racing and income earnings. With earnings like that, one would think he would have a bigger house and more money. Well, as it turns out, Sam Lowes actually has a home in Coral Gables, Florida, and a small salary. This does not include his benefits or any other additional money that he makes from driving.
Sam Lowes Net Worth is $1 Million – $5 Million
How much does a NASCAR racer earn? Some racers earn a huge salary just by being in the car; but not all racers earn money by being in the car. You must also consider the expenses and money for health insurance, clothing, gas and any other miscellaneous expenses that a driver must incur while being behind the wheel of a car. So, how does one arrive at such an estimation?
Well, one can arrive at this estimation by looking at how many people attend races held by NASCAR racers in a year. There are about 150 racers in all for every race. That gives a rough estimate of how many people are making money from being a NASCAR racer. Obviously, there are some people that are making a lot more money than others just by being in the car. But, some racers make a lot less money than others because they have more expensive equipment, require more traveling and spend more time in a grand Prix pit crew.
How much is Sam Lowes net worth? Many people will say that it’s impossible to make a true net worth estimate based on what NASCAR pays professional racers. How can someone arrive at this estimation then? Simple, by looking at some of the money that NASCAR pays Lowes and others like him in pay checks per year.
Some NASCAR drivers earn six-figure salaries while others earn just two-three-quarters of that. However, even if the highest-paid racer makes only two-thirds of what other racers earn per year, you still arrive at a reasonable estimate of how much money a motorcycle racer makes by considering some factors. For instance, NASCAR keeps all their drivers paid whether they win or lose. This means that they have a variety of ways to make sure that each of their drivers gets paid including giving them a car and a place to stay while they’re in the races as well as covering some of the other expenses that they incur while racing.
Even with those expenses covered, a person still has to consider what it would cost for insurance, clothing, meals and any other miscellaneous costs that the average motorcycle rider would incur over the course of a year. This helps bring the total of a driver’s net worth into perspective. If you do not own a motorcycle and plan on one day riding it for fun then you will probably be able to arrive at a more accurate value for your estimate. But if you love to ride and plan on doing it often then a more exact value can be obtained by figuring out how much it would cost to insure a motorcycle in your situation and then adding your annual expenses to that total.