As a successful entrepreneur, Jay Penske has been creating and running companies since graduating from the Wharton School of Business. When he joined forces with Steve Luczo as founding partner of Luczo Dragon Racing in 2006, he brought his entrepreneurial spirit to the world of open-wheel racing, where the Penske name has been synonymous with winning for more than 40 years. Aside from co-owning the team, Penske serves as LDR's race strategist.

Penske is the Founder, Chairman, and Chief Executive Officer of Mail.com Media Corporation (MMC). Since its inception, Penske has led the company as Founder and Chief Executive. Under his leadership, the company has become one of the foremost interactive media and technology companies, now supporting over 200 affinity brands and clients. MMC today owns and operates Mail.com, Fan.com, HL, The MailTimes and Movieline.com - MMC is also a joint venture partner in OnCars.com.

Penske was also a Founder and Chairman of Firefly Mobile Inc., another leading technology company based in Chicago that developed the Firefly mobile phone and other youth-targeted mobile products. Outside of racing and technology, Jay has a deep passion and love for books. He owns a rare and antiquarian bookstore in Los Angeles called Dragon Books. His store's name (and ultimately his race team's name) was inspired by the first book he read as a boy, which was the children's story "Dragon, Dragon".

Penske received his Bachelor of Science from the Wharton School of the University of Pennsylvania with concentrations in Finance and Management / Information Systems. He also sits on the Board of Directors for the University of Pennsylvania Library and the Wharton Entrepreneurial School.