Felix Sabates Net Worth 2024: Age, Height, Weight, Wife, Kids, Bio-Wiki

Felix Sabates is a well-known entrepreneur and philanthropist from America who is the owner and partner of the Chip Ganassi Racing teams that take part in the Monster Energy NASCAR Cup Series, World Endurance Championship, and IMSA WeatherTech SportsCar Championship. He previously owned his own NASCAR and SABCO Racing team before partnering with Chip Ganassi.

Maybe you know about Felix Sabates very well, but do you know how old and tall is he and what is his net worth in 2024? If you do not know, we have prepared this article about details of Felix Sabates’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.

Early Life & Biography

Feliciano Sergio Sabates, Jr. was born on September 9, 1945, in Camagüey, Cuba, to his parents Dr. Feliciano Sabates and Maria Tavio. He is the oldest of his six other siblings. His family founded several successful businesses such as import and export, insurance sales, service stations, jewelry, and others.

Sabates completed his schooling from a military school in Camagüey. At the age of 15, he and his family shifted to Miami, United States.

Personal Life

Felix was married to his wife, Carolyn. However, the couple divorced after being together for a couple of years. Together, they are the parents of three children and six grandchildren. His daughter Mimi is married to former NHRA driver Doug Herbert.

Age, Height, and Weight

Being born on 9 September 1945, Felix Sabates is 79 years old as of today’s date 24th November 2024. His height is 1.71 m tall, and his weight is 82 kg.

Career

After arriving in the US, Sabates did several odd jobs from washing pots and pans at a hospital to working in motels. Later, he started working in a furniture factory in a twelve-hour shift. He also worked at National Car Rental as a parking lot attendant. Then he worked at the City Chevrolet car dealership in Downtown Charlotte as a salesman. He was successful with record car sales and was made the manufacturer representative.

In 1969, Sabates got a job as a salesman for Top Sales Company, Inc., which sold retail products. Later, in 1974, he bought the company he was working for and made it the largest, most successful manufacturer’s representative company in the country. In 2000, he sold the company to his employees as a reward for helping him build the business.

In 1988, Sabates bought the Hatteras Yacht dealership, and within two years, he converted it into the largest Hatteras dealership in the world. Along with his business partner John Dane, he purchased Trinity Yachts, which was the number one custom superyacht builder in the world. He is also the owner of IYC, which is one of the biggest yacht management, charter, brokerage companies in the world. Sabates is the president and CEO of the holding company FSS Holdings, Inc.

Sabates operates the largest volume of auto dealerships in the country, including Hyundai, Mazda, Sprinter, and others. In 1987, he bought Hendrick Motorsports and became a NASCAR team owner. In the 1996 season, he changed the name of the team to Team SABCO. The drivers of his team include Tommy Kendall, Kenny Irwin, Jr., Joe Nemechek, Kenny Wallace, Bobby Hamilton, and many more.

In 1988, Sabates founded the Charlotte Hornets basketball team and was one of the first investors in the World Football League. In the 1990s, he established the company The Charlotte Professional Sports Team, Inc in partnership with Carl Scheer and Kyle Petty.

Awards & Achievements

Felix Sabates is a four-time recipient of the Best of the Best Award, which is given to only the top 10 percent of dealers nationwide. He has also received several honors and awards for his philanthropic contributions. Belmont Abbey College named its dining hall after Sabates. Elon College and UNC Charlotte also have Honorary Doctorate degrees after him.

In 2000, the Felix Sabates Athletic Center was named in honor of him. Levine Children’s Hospital has a special plaque in his honor in the main lobby.

Net Worth & Salary of Felix Sabates in 2024

As of November 2024, Felix Sabates has an estimated net worth of more than $250 million. He has been able to make this fortune through his successful career as an entrepreneur and philanthropist.

Most of his earnings are through his various businesses and ventures all over the world. He is the owner of the NASCAR team, and Chip Ganassi Racing teams. In addition to his successes in sports, he also performs various civic activities. For the past 27 years, Sabates has served on the Board of Directors for Carolinas HealthCare Systems. He is also on the boards of the University of North Carolina at Charlotte, the Applica Corporation, Simpson Products, and the Charlotte Chamber of Commerce.

Sabates has also served two terms on the North Carolina Banking Commission and the Oversight Committee of the Airport Authority of North Carolina.

Felix Sabates is one of the most renowned entrepreneurs in the world. From working in motels to becoming one of the greatest businessmen, his journey is an inspiration to the struggling entrepreneurs who are looking to make a name for themselves.