Simpson was a successful race car driver in the 1960s and 1970s, winning the USAC National Championship in 1965. He also won the Indianapolis 500 Rookie of the Year award in 1966. After retiring from racing, Simpson founded Simpson Performance Products, which became a leader in the racing safety industry. His company has been credited with saving countless lives in the racing world. With his success in business, Bill Simpson has amassed a net worth of $50 million.
Bill Simpson is an American retired race car driver who has a net worth of $50 million. He was born in 1940 in Hermosa Beach, California and is best known for being a pioneer in the racing safety business with his company Simpson Performance Products. During his racing career, he won the USAC National Championship in 1965 and the Indianapolis 500 Rookie of the Year award in 1966. After retiring from racing, he founded Simpson Performance Products, which has been credited with saving countless lives in the racing world. His success in business has enabled him to accumulate a net worth of $50 million.
Bill Simpson is a member of Race Car Drivers
💰Bill Simpson Net worth: $50 Million
Simpson got started in SCCA Formula racing and drag racing and then in the USAC Championship Car series. Simpson finished 13th in the Indianapolis 500 in 1974. He broke both of his arms in a drag racing crash at 18 years old and then started to think about driver safety. He created a prototype for a cross-form parachute to slow down a drag car and founded Simpson Drag Chutes. He used DuPont product Nomex to create the first fire suit used in auto racing. Simpson Performance Products was part of a controversy in 2001 after the death of Dale Earnhardt about whether the seat belt malfunctioned.
Simpson sued NASCAR for defamation of character to the tune of $8.5 million but later withdrew the suit. He started Impact! Racing in 2002 and sold it in 2010. Simpson authored the books Racing Safely, Living Dangerously and Through the Fire. He was inducted into the Motorsports Hall of Fame of America in 2003.