Scott Bloomquist Net Worth: Complete Financial Analysis of the Dirt Late Model Racing Legend

Introduction

Scott Bloomquist, known as “Team Zero” in dirt late model racing, has built substantial wealth through his legendary career spanning multiple decades. While his exact net worth remains private, analysis of his documented earnings reveals a multi-million dollar fortune built on prize money, sponsorships, and strategic business ventures.

Scott Bloomquist’s Estimated Net Worth

Based on available financial data, Scott Bloomquist’s net worth is estimated to be in the mid to high seven figures (several million dollars). This assessment considers his documented prize money, sponsorship deals, and business equity in Scott Bloomquist Racing.

Prize Money Earnings: The Foundation of His Wealth

Eldora Dirt Late Model Dream Dominance

Scott Bloomquist holds the all-time record for earnings at the prestigious Eldora Dirt Late Model Dream, accumulating $894,968 across his career. His performance includes:

8 wins at the Dream
11 overall podium finishes
$38,912 average earning per Dream start (ranks 3rd all-time)

Eldora Dirt Late Model Dream: All-Time Top Earners (2024)

Rank	Driver Name	Total Earnings at Dream	Number of Wins
1	Scott Bloomquist	$894,968	8
2	Brandon Overton	$421,450	–
3	Jonathan Davenport	$393,355	–
4	Billy Moyer	$288,100	–
5	Dale McDowell	$236,650	–
6	Darrell Lanigan	$227,375	–
7	Freddy Smith	$210,000	–
8	Brandon Sheppard	$185,225	–
9	Shane Clanton	$173,100	–
10	Dennis Erb Jr.	$162,754	–

Major Race Winnings

Bloomquist has secured substantial winnings from numerous major events throughout his career:

Scott Bloomquist: Select Documented Major Race Winnings

Year	Race Name	Prize Money
2008	The Dream	$100,000
2008	Topless 100	$45,000
2008	Scorcher 100	$20,000
2008	Racefest	$20,000
2008	Dixie Shootout	$15,000
2008	Cedar Lake Nationals	$50,000
–	Firecracker 100	$30,100
2016	Lucas Oil Late Model Dirt Series Banquet	>$75,000

Incomplete Prize Money Data

The available prize money data is explicitly described as “incomplete,” with many races missing documented winnings. This suggests his total career prize money is significantly higher than publicly documented figures, likely reaching into the multi-million dollar range.

Sponsorship and Endorsement Income

Scott Bloomquist has consistently attracted diverse corporate sponsors, indicating substantial financial support:

While specific sponsorship values are not publicly disclosed, the number and variety of corporate backers indicate significant and consistent financial support that covers operational costs and contributes to personal income.

Business Ventures and Strategic Partnerships

Scott Bloomquist Racing Formation

In March 2019, Bloomquist formed a strategic partnership with Cody Sommer, who became part-owner and President of the newly formalized “Scott Bloomquist Racing” organization. This partnership aims to:

Brand Management: Elevate the “Bloomquist identity & brand” to the highest possible levels
Corporate Partnerships: Expand sponsorship base beyond traditional industry norms
R&D Investment: Develop new cars, testing facilities, and aerodynamic research
Team Expansion: Plans to house a second racing team

Bloomquist Race Car Chassis Business

A significant revenue stream comes from the “Bloomquist Race Car” and “Sweet-Bloomquist Chassis” business. This involves:

Design and Development: Creating proprietary chassis designs
Manufacturing/Licensing: Generating revenue through sales to other racing teams
Commercial Sales: Direct involvement in chassis commercialization

This chassis business represents a substantial, yet under-documented income stream that generates revenue independently of race winnings.

Factors Affecting Net Worth

Impact of Injuries

Bloomquist sustained serious injuries in a 2019 motorcycle accident affecting his right hip and knee. However, this injury catalyzed the formalization of Scott Bloomquist Racing and the partnership with Cody Sommer, transforming a challenge into a strategic business opportunity.

Operational Overhead

Running a professional racing team involves substantial costs:

Expensive equipment
Extensive travel
Crew salaries
Vehicle maintenance
Continuous upgrades

The formalized business structure aims to manage these expenses more effectively and ensure financial sustainability.

Financial Assessment and Limitations

Why Exact Net Worth Isn’t Available

A precise numerical net worth for Scott Bloomquist cannot be determined due to:

Private sponsorship agreements with undisclosed values
Incomplete prize money data across his entire career
Proprietary business revenues from Scott Bloomquist Racing
Private nature of chassis sales and licensing agreements

Comprehensive Financial Components

Prize Money: Multi-million dollar range based on documented major wins
Sponsorships: Significant multi-year deals covering operational costs and personal income
Business Equity: Value in Scott Bloomquist Racing and chassis manufacturing
Intangible Assets: “Team Zero” brand value and Hall of Fame status

Conclusion

Scott Bloomquist’s net worth represents a successful combination of exceptional racing performance and strategic business development. His wealth is built on:

Record-setting prize money from prestigious events
Comprehensive sponsorship portfolio
Strategic business ventures including chassis manufacturing
Professional brand management through Scott Bloomquist Racing

While an exact figure remains private, the available evidence strongly indicates a net worth in the several million dollar range, positioning him as one of the most financially successful figures in dirt late model racing history.

The strategic evolution from active racer to business owner ensures his financial legacy will continue well beyond his driving career, demonstrating both exceptional athletic achievement and astute entrepreneurial acumen.