The France family has owned NASCAR since its founding in 1948, making it a privately-owned racing organization. NASCAR has a significant influence on racing in the United States and has expanded globally, overseeing fifteen different racing series with varying numbers of races per season. The company sanctions over 1500 races on over 100 tracks worldwide annually and owns eleven speedway tracks. Bill France, Sr. founded NASCAR and served as its president until 2018, with the company now being led by CEO Jim France, his son. The France family has a net worth of over $5 billion.