RACING driver Ken Block has died at the age of 55 in a snowmobile accident in Utah on January 2, 2023.
Outside of rallying he was a successful businessman and co-owned a number of companies – here’s what we know about his net worth.
What was Ken Block’s net worth?
Ken Block’s net worth has been estimated between $100million and $200million.
Reports suggest that he had a $200million fortune in 2012 but that this had shrunk by up to half by 2023.
He owned an extensive car collection and at least two large properties.
His main home was in Park City, Utah, while he also had a house in Rancho Santa Fe, California.
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What did Ken Block do before racing?
Before taking up rallying, Block was a successful businessman and general action sports enthusiast.
He co-founded skating fashion company DC Shoes in 1994 and the company sponsored his debut car in 2005.
He was then inspired to try racing at the age of almost 40 by his friend Travis Pastrana.
How did Ken Block get rich?
Block’s wealth came mainly from his rallying career and the two companies he co-owned, DC Shoes, and motor apparel brand Hoonigan Industries.
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Ken and business partner Damon Way sold DC Shoes for $87million.
They made $1.5million in their first year after setting up the company with a $10,000 loan from Block’s parents.
After its sale, Ken remained at DC Shoes as Brand Vision Leader.
Ken was “Head Hoonigan in Charge” of Hoonigan Industries up until his death.
The company made clothing and other apparel for petrolheads and also operated Block’s racing team in partnership with Ford until 2021.
The driver also raced in every rally season from his 2005 debut until 2015, winning 15 Rally America races and six Global RallyCross races in his decade-long career.
Spin-off Hoonigan Media Machine created video content for fans including the popular Gymkhana Files, which reportedly brought in more sponsors for his racing career.
What happened to Ken Block?
Block died in a snowmobile accident near his ranch in Park City, Utah, on the afternoon of January 2 2023.
According to cops, he was riding the snowmobile down a steep slope when the vehicle upended and landed on top of him.
Block was riding in a group, but was alone when the accident happened.
Wasatch County Sheriff’s Office confirmed his death in a statement, adding: “We are saddened to hear of the loss of Kenneth and our hearts are with his family and friends so deeply affected.
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“We thank all of our first responders for their continued service.”
The state’s medical examiner will now work to determine the exact cause of death.
Source: Motorsport - thesun.co.uk
