Coy Gibbs was an American NASCAR driver who retired and went into business. He was worth $5 million. He was most well-known for being an assistant coach for the Washington Redskins and a co-owner of Joe Gibbs Racing.
He was also known as the son of five-time NASCAR Cup Series champion and Pro Football Hall of Famer Joe Gibbs. Gibbs died in his sleep on November 6, 2022, which was the same night that his son Ty won the NASCAR Xfinity Series championship.
Early Life of Coy Gibbs
Coy Randall Gibbs was born in Huntersville, North Carolina, on December 9, 1972. His parents were Joe Gibbs, who owned an auto racing team and used to coach in the NFL, and Pat Gibbs.
Gibbs played linebacker for Stanford University from 1991 to 1994. In his senior year, he had the most tackles on his team. In 2004, he started working for the Redskins as an assistant for offensive quality control. He stayed there until 2007 when his father was hired back as the team’s head coach.
Personal Life of Coy Gibbs
Gibbs is married to Heather Gibbs, and they have four kids: Case Gibbs, Jet Gibbs, Elle Gibbs, and Ty Gibbs. Ty Gibbs races stock cars for a living. Ty drives the No. 54 Toyota Supra full-time in the NASCAR Xfinity Series for Joe Gibbs Racing. The ARCA Menards Series for 2021 was won by Gibbs.
Gibbs died in his sleep on November 6, 2022. In 2022, just a few days before the NASCAR Cup Series Championship race, it was said that he had died. Some of the drivers who paid tribute to Gibbs were Denny Hamlin, Kyle Busch, and Joey Logano, who won the race.
Net Worth of Coy Gibbs
In 2022, Coy Gibbs’s net worth is expected to be $5 million. Most of his money came from his work as a driver and as an assistant football coach.
Gibbs’s successful career gave him the chance to live in luxury and drive around in fancy cars. Gibbs was one of the most powerful and well-off assistant coaches in the United States.
Career Life of Coy Gibbs
Gibbs made his NASCAR debut in the Craftsman Truck Series in 2000. He and his brother J. D. drove the No. 18 Chevrolet. In 2001, he started racing full-time. The next year, he finished second twice and tenth in points.
Gibbs took over for Mike McLaughlin in the Busch Series in 2003. He finished second to David Stremme in the Rookie of the Year race. He said that he was going to stop racing at the end of the season.
In 2002, Coy Gibbs of Joe Gibbs Racing and Kevin Harvick of Richard Childress Racing crashed into each other during a Truck Series race at Martinsville Speedway. A few laps later, during a restart, Harvick bumped into Gibbs. This caused Gibbs to spin around, ending his chances of winning the race.
When Coy Gibbs was in third place, he thought he could have won the race. After looking at what Harvick said on the radio, NASCAR suspended him for the rest of the weekend and fined him $35,000 for trying to hurt Gibbs.
After Harvick got into a fight with Greg Biffle a month earlier, NASCAR decided that he had broken the terms of his probation. Gibbs announced in 2007 that he had started Joe Gibbs Racing Motocross (JGRMX), which competes in AMA motocross and supercross championships.
The NASCAR Cup Series teams are in Huntersville, North Carolina, and the JGRMX race shop is less than a mile away. Gibbs ran the operation with help from David Evans, who has worked in the motocross industry for a long time. The team got James Stewart and Davi Milsaps to ride for them in 2012.
Career Earnings of Coy Gibbs
There are basically two ways to make money in NASCAR. On the one hand, there are top drivers who make millions of dollars each year from performance bonuses and sponsorships. The rest of NASCAR’s competitors, on the other hand, make a lot less money.
Those who are younger and have less experience can make as little as $5,000. Gibbs, on the other hand, makes between $200,000 and $500,000 per year, which includes a base salary plus either a portion of their prize money or a success bonus.
Real Estate of Coy Gibbs
Coy Gibbs put his big house in Charlotte, North Carolina, on the market for $2.15 million, but later dropped the price to $2 million. The brick house, which was built in 2007, has a living space of 5,830 square feet, five bedrooms, and 5.5 bathrooms.
Coy Gibbs was an assistant coach for the Washington Redskins. He was also a co-owner of Joe Gibbs Racing. His net worth is estimated to be $5 million. Gibbs died in his sleep on November 6, 2022, the same night his son Ty won the NASCAR Xfinity championship. In 2002, Coy Gibbs and Kevin Harvick crashed into each other during a Truck Series race.
Gibbs announced in 2007 that he had started Joe Gibbs Racing Motocross. Gibbs put his house on the market for $2.15 million but later dropped the price to $2 million.