Jay Penske is an American entertainment and publishing tycoon who was born as the youngest son of billionaire Roger Penske and Kathy Penske. Moreover, he is married to the American model Elaine Irwin.
Jay Penske’s Billionaire Parents, Family & Education
Jay was born in New York City and now lives in Los Angeles, however, his exact date of birth has not been revealed to the media. Additionally, he is the youngest son of billionaire Roger Penske. Jay Penske has four siblings named Roger Jr, Gregory, Mark, Jay, and Blair Penske. They all work for Penske Corporation.
As regards his education, he attended Cranbrook and Lawrenceville before joining St. Mary’s Preparatory High School. Later on, he joined Wharton Business School in Philadelphia and graduated with a Bachelors’s degree in Management Information Systems.
During Penske’s college years, he was an All-American athlete and played Lacrosse and Hockey at the college level. He was considered the best in his high school. He set several records of most goals and assist during his career and had his jersey number retired. He set the all-time high school point record with 202 points in his final season of lacrosse. He shattered Michael Powell’s previous mark of 194 points and became the first player in the history of lacrosse to score 200 points in a single season.
Career as a Famous Business Tycoon
He is the founder and Chairman of Penske Media Corporation that owns and publishes various digital as well as print magazines. He acquired Mail.com from Globecomm Inc in 2007 and changed its service model completely and sold it to United Internet Group in 2010. It was estimated that Mail.com was sold for between €50 and €100 million. Penske Media Corporation now owns Variety Magazine as well as Deadline.com. Penske also owns Dragon Books, Ltd. and co-founded Firefly Mobile, Inc.
Penske is active with a variety of organizations, including the Quill Awards, where he works on the Executive Committee. He is also one of the members of the Library’s Board of Directors of the University of Pennsylvania. Furthermore, he is a philanthropist and assists the Paley Centre for Media, a charitable trust organization as a member of the Board of Directors.
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Jay Penske’s Wife & Daughter
Jay has been married to a famous American model Elaine Irwan since 2012. His wife was previously married to John Mellencamp from 1992 until 2011 and shares two sons from her previous marriage. In 2013, Jay and Elaine were blessed with their daughter whose identity and personal information are kept private. Their daughter is 11 years old as of 2024.
Jay Penske’s Net Worth
Jay Penske is entitled to the astounding fortune of his billionaire father Roger Peneske and claims a magnitude of wealth from his parents. As per the sources, the heir has an $800 million dollar net worth as of 2021 from. His own professional career and individual business serve as his main source of income and revenue.
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