Matt Hagan Net Worth: What Drives His 2025 Income?

Learn Matt Hagan Net Worth in 2025, how his racing wins, sponsors, and farm business shape his earnings, and what recent career moves mean for his financial profile.

Aug 12, 2025

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Matt Hagan was born on November 18, 1982 in Salem, Virginia. He grew up near Christiansburg, Virginia, on his family’s 500-acre cattle farm, where they raised Angus cattle; his father also co-owned the Shelor Motors auto dealership and the nearby Motor Mile Speedway racetrack. As a child, Hagan’s first exposure to drag racing came through a family friend’s invitation; he later said drag racing had “won his heart” and ignited his interest in the sport.

Matt Hagan: NHRA Funny Car Career

Early Career

Matt Hagan began his professional drag racing career in the mid-2000s, showing early talent in straight-line motorsports. In 2006 he earned NHRA AMS Pro Mod rookie of the year honors, and as a driver/owner he won three IHRA Funny Car races in 2008. He debuted in the NHRA Funny Car class in 2008, entering four events and even qualifying No. 1 at the prestigious U.S. Nationals in Indianapolis. Hagan’s strong rookie season led to a full-time Funny Car ride in 2009, and the following year he broke through with his first NHRA Funny Car victory at the 2010 Spring Nationals in Houston. These early successes set the stage for Hagan’s long NHRA career, firmly establishing him as a rising star in drag racing.

Matt Hagan Net Worth What Drives His 2025 Income

Estimated Net Worth (2025)	Between $5 million and $11 million
Date of Birth	November 18, 1982
Birthplace	Salem, Virginia, USA
Profession	NHRA Funny Car Driver
Racing Debut (NHRA)	2008
Current Team (2025)	Tony Stewart Racing (TSR)
Car/Manufacturer	Dodge//SRT Direct Connection Charger SRT Hellcat Funny Car

Career Growth & Key Roles

After joining Don Schumacher Racing (DSR), Hagan became a leading Mopar Funny Car driver through the 2010s. Driving the Dodge Charger SRT Hellcat Funny Car for DSR, he won his first two NHRA Funny Car world championships in 2011 and 2014. Throughout this period he regularly reached final rounds and scored many event wins for DSR. In 2020 he once again claimed the Funny Car title with DSR, capping an historic season in which the DSR/Mopar stable won every NHRA Funny Car national event (an unprecedented 14-race winning streak). His championship runs with DSR underscored his leadership role on the team and his status as one of NHRA’s top Funny Car drivers.

In late 2021, Hagan joined Tony Stewart’s new drag racing program, Tony Stewart Racing (TSR), as the Funny Car driver for the team’s inaugural season in 2022. He continued piloting a factory-backed Dodge//SRT Hellcat Funny Car under the Direct Connection/Mopar banner. With TSR, Hagan maintained a high level of performance: by 2025 he had delivered 14 of the team’s first 19 Funny Car event wins and led TSR to its first Funny Car world championship in 2023 (the fourth of his career). Throughout his transition to TSR, Hagan remained a brand ambassador for Dodge/Mopar – Dodge leadership later noted that all four of his championships and all his career victories came behind the wheel of a Dodge Funny Car.

Major Achievements

Hagan with the Dodge Charger SRT Hellcat Funny Car and championship trophy at the 2020 NHRA Finals. A four-time Funny Car champion and 55-time event winner, Hagan is among the most decorated drivers in NHRA history.

Four-time NHRA Funny Car World Champion– Hagan won the NHRA Funny Car title in 2011, 2014, 2020, and 2023. These four championships tie him for second-most in Funny Car history (behind only John Force).
NHRA Event Wins– He has amassed over 53 NHRA Funny Car national event victories; by November 2025 his career total reached 55 wins. This ranks him among the winningest Funny Car drivers ever.
Historic Record Runs– In 2011 Hagan became the first Funny Car driver to break the four-second barrier over the NHRA’s 1,000-foot racing distance, recording a 3.995-second elapsed time. This milestone run at zMAX Dragway in Charlotte redefined performance in the class.
Championship Standings– His four titles (2011, 2014, 2020, 2023) tie him with legends Don Prudhomme and Kenny Bernstein as the only drivers with four Funny Car championships. Hagan’s sustained success has kept him near the top of the championship standings in recent seasons; for example, he was second in Funny Car points entering the 2025 NHRA finals.

Recent Developments

Hagan continues to race full-time in the NHRA Mission Foods Drag Racing Series. In the 2023 season he captured his fourth world title at the final event of the year, and as of 2025 he was still one of the championship contenders. By August 2025 he had recorded 53 NHRA wins and ranked second in the Funny Car points standings. In the fall of 2025 he added to his win total – for example, he won the Funny Car title at the Las Vegas Nationals, earning his 55th career victory – and was vying for a fifth world championship. Throughout this period he remained the driver of TSR’s Dodge//SRT Direct Connection Charger SRT Hellcat Funny Car.

In August 2025 Tony Stewart Racing announced that Hagan had signed a new multi-year contract extension to stay with the team. Hagan himself emphasized the significance of the deal: “Being able to extend my contract with Tony Stewart Racing is huge… It’s one of the best teams to drive for in the NHRA,” he said, noting that he’d been partnered with Dodge/Mopar for nearly two decades. This extension secures Hagan’s role leading the TSR Funny Car program for the foreseeable future.

Throughout his career, Hagan has been recognized for his consistency and leadership on the track. In reflecting on his 2020 championship run, he credited his crew and team: “My guys have put an unbelievable car behind me… Three wins, a championship, it’s just special,” he said that year. His long-term success – four world titles, dozens of wins, and landmark performance records – establish Matt Hagan as one of NHRA drag racing’s elite Funny Car drivers.