How rich is Bill France Jr.?
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He succeeded the founder of NASCAR, his dad Bill France, Sr., as its head. His son Brian France has been NASCAR CEO since 2003. After serving as vice president for six years, he became the head of NASCAR when his dad Bill France, Sr. retired on January 10, 1972. The International Motorsports Hall of Fame describes the transition: “Other compared to the foundation of NASCAR itself, Bill Jr.’s appointment to direction is likely the most important occasion in the history of the sanctioning body.” NASCAR went from a Southern regional sport into a national sport during his tenure. He continued his dad’s heritage by nurturing increase of the Daytona 500 stock car race and Daytona 200 motorcycle race at Daytona International Speedway. The Winston Million plan was established by R.J. Reynolds in 1985. A $1 million bonus was given to any motorist who could win three of four chosen races. The points fund rose from $750,000 to $2 million. The winners part of the points fund grew to $2 million by 1998. NASCAR had few televised races in 1972. The race was the very first live flag to flag national coverage of a NASCAR race. The race got high television ratings, partially because of snowstorm in the Midwest and Northeast. Richard Petty won the race after race leaders Donnie Allison and Cale Yarborough crashed together on the last lap. Allison’s brother Bobby Allison halted, and Bobby Allison and Yarborough subsequently changed punches. France’s career culminated in a record-setting $2.4 billion television airing contract in 1999 for the 2001 season.