$120M yacht owned by Roger Penske returns to Newport

NEWPORT, R.I. — The Podium, a 240-foot luxury yacht owned by billionaire businessman and racing icon Roger Penske, has once again is docked at Goat Island. Valued at an estimated $120 million, the yacht has become a familiar sight in Newport during the summer boating season.

Penske is the founder and chairman of Penske Corporation and the owner of Team Penske, one of the most successful organizations in motorsports history with championships in NASCAR, IndyCar, and multiple Indianapolis 500 victories.

With Newport serving as one of the premier yachting destinations in the world, the arrival of vessels like Podium is another reminder of why the City by the Sea continues to attract some of the world’s most impressive yachts each summer.