Eddie Cheever is a popular American racing driver who took part in a lot of racing events for about 30 years. In short, he was a star Formula One driver. Besides, he was a master driver in sections such as sports cars, CART, and Indy Racing League.
Also, he took part in 143 Formula One World Championship races. Cheever was associated with nine different teams between 1978 and 1989. He had a wonderful career as a car racing driver. But what is Eddie Cheever doing these days? Is he been associated with racing or has retired? Read on to find out more.
What is Eddie Cheever doing now?
According to the sources, Eddie Cheever retired from driving a long time back. Later, he closed his IndyCar team somewhere in the middle of 2006. However, he was active in the sport as a license holder and founder of Coyote Cars as of 2016.
ABC commentator for the IndyCar Series
It was in the year 2017 that Cheever used to work as an ABC commentator for the IndyCar Series. Besides, some resources show that he was a commentator for the Indianapolis 500. He was a commentator along with Scot Goodyear who was a former Le Mans racing driver. And, he stood second in 1996 with Porsche 911 GT1.
Coyote Cars is a company based out of Charlotte. They make chassis for Daytona Prototype sports cars. Cheever spends a lot of time with his four children in Charlotte. Besides, he formed Team Cheever in 1996, which fulfilled his dream to have an IRL team of his own.
And, the team even won the 1998 Indianapolis 500. He featured in the race both as a driver and owner. As time went by, the team was professional enough to compete in a modern sports car.
Eventually, his son Eddie Cheever III, nephew Richard Antinucci, and younger brother Ross Cheever became car racing drivers as well. As of 2021, Cheever’s net worth was estimated to be around $5 million. And, that includes his income, money, and net assets.
However, his main source of income comes from his career as a profound racing driver. It is evident that Cheever has different sources of income and has been able to accumulate good fortune. Despite that, he leads a decent lifestyle, unlike others who have acquired both name and wealth.
24 Hours of Le Mans
One of the popular drivers during the eighties, Eddie Cheever had 143 racing under his sleeve. And, it was from 1978 to 1989. Also, he won the prestigious Indianapolis 500 in 1998. Apart from these achievements, Cheever has a special place in his heart for the 24 hours of Le Mans.
The best part about the incident is that he entered it three times. Here is Cheever’s record at this event.
- 1981 – Took part in the racing with Lancia Beta Montecarlo along with Carlo Facetti and Michele Alboreto. He finished in the eighth position
- 1986 – Took part in the racing with Jaguar XJR6 along with Derek Warwick and Jean-Loius Schlesser. But has to retire because of some kind of suspension issue and a flat tire
- 1987 – Took part in the competition with Jaguar XJR8 along with Jan Lammers and Raul Boesel. He finished fifth in the race and it was the best record set by the veteran racing driver
The first experience was in the year 1981. It was a long-distance race and he was with Lancia Martini Racing. While he was excited to be at Le Mans, he was unhappy that he didn’t have a fast racing car.
During those days, there used to be three great races in the world: The Indianapolis 500, the Monaco Grand Prix, and the 24 Hours of Le Mans. However, the next two seasons were good because he was driving Jaguar’s best sports cars.
However, the car encountered a problem in the car and it went flat in 1986. For the upcoming year, that is 1987, they assumed that the match was on their hands. But something in the gearbox broke within one hour of starting the match. Besides, losing the match bothered him in his career later.
Moreover, Cheever praises his former teammate at the Le Mans, Derek Warwick who was a winner in 1992 with Peugeot 905. What’s interesting is that both of them have many common things that they like. Also, he was Cheever’s teammate in Formula One.