Tony Hulman

Book excerpt: Almost unknown when in 1945 he purchased the Indianapolis Motor Speedway and its famous race, Tony Hulman soon became a household name in auto racing circles. He is credited not only with saving the Speedway from becoming a residential housing development but also with reinvigorating auto racing in the United States. Until his purchase of the Speedway, Hulman had not been involved in auto racing; he was the CEO of Hulman & Company, a wholesale grocer. An astute businessman, Hulman made Clabber Girl Baking Powder a national brand and successfully led the reorientation of the family fortunes to include a range of businesses including a beer company, a Coca-Cola franchise, a broadcast empire, and real estate and gas companies. This biography of Hulman covers his many ventures, particularly the Indianapolis Motor Speedway and Indianapolis 500, and his philanthropy.