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Hard-Charging, Hands-On: Richard Childress’ entrepreneurial drive resulted in $250 million family business empire

*originally published in Triad Business Journal by Julie Knight and John Brasier on Nov. 3, 2023

Sometimes as he drives through his Welcome race team campus or his Lexington vineyards, racing legend Richard Childress admits he looks around and wonders how he built his Davidson County empire.


How did a kid from south Winston-Salem who began his career as an employee at Douglas Battery and drove in small, local stock car races create become one of the state’s wealthiest and most successful residents, employing 400 at two racing companies and 100 more at Childress Vineyards.


“How the hell did all this stuff happen?

I don’t know,” Childress said, before reflecting. “A lot of hard work. A lot of risk.”


At 78 years old, Childress may have slowed down a little, but he’s still active running myriad businesses, including RCR Racing, ECR Technologies and Childr Richard Childress - Wikipedia FUFEV