Dan Towriss was born in Muncie, Indiana, in 1972. He is now 52 to 53 years old. His main job is to start, run, and be in charge of Group 1001, a financial services and insurance company that manages over $66 billion in assets. Dan Towriss has a lot of experience in the insurance business. He has been an executive at several companies for more than 30 years, including Delaware Life Insurance and Guggenheim Life and Annuity. He is also the CEO of TWG Motorsports, which owns the Cadillac Formula 1 team and other racing businesses. A Bachelor of Science in financial science was earned by Towriss from Ball State University.
Due to his leadership roles and business successes, Dan Towriss net worth by 2025 is thought to be quite high, though exact numbers have not been made public. He is married to Cassidy Towriss and is still involved in business and community development through a number of board positions and charitable work. Towriss focusses on the legal, financial, and motorsports fields because he is good at business and wants to make a difference in the world.
Social Profiles
Quick Bio
| Attribute | Details |
|---|---|
| Full Name | Daniel Jonathan Towriss |
| Born | 1972, Muncie, Indiana, USA |
| Age (2025) | 52–53 years |
| Education | Bachelor’s Degree in Actuarial Science, Ball State University; also attended Indiana University Bloomington on a baseball scholarship |
| Occupation | Businessman |
| Current Roles | Founder, CEO, and President of Group 1001 (financial services and insurance collective) |
| CEO of TWG Motorsports, owner of Cadillac Formula 1 team | |
| Industry Experience | Over 30 years in insurance and financial services, including executive roles at Delaware Life Insurance and Guggenheim Life & Annuity |
| Business Highlights | Group 1001 manages over $66 billion in assets; pivotal in motorsports acquisitions and growth |
| Boards & Community | Serves on boards such as Cal Ripken Sr. Foundation, RISE, Indy Women in Tech, Ball State University Foundation |
| Personal Life | Married to Cassidy Towriss |
Dan Towriss Net Worth in 2025
According to financial analyses that take into account his CEO pay, bonuses, stock options, and strategic investments, Dan Towriss’s net worth by 2025 will be around $515 million. As CEO and head of Group 1001, a financial services and insurance group with tens of billions of dollars in assets, he is in charge of everything. His wealth has grown thanks to the growth of Group 1001 under his guidance and his many investments, such as those in real estate and motorsports.
Some sources have given lower numbers, like $27 million, but more in-depth financial analyses and knowledge of the business back up the higher number in the hundreds of millions. Dan Towriss’s business career includes being CEO of several insurance companies and owning businesses in racing, like the Cadillac Formula 1 team. All of these jobs add to his wealth.
| Year | Estimated Net Worth | Notes |
|---|---|---|
| 2020 | $4 million | Early public estimates |
| 2021 | $8 million | Approximately doubled from 2020 |
| 2022 | $12 million | Continued growth |
| 2023 | $18 million | Further increase with business expansion |
| 2024 | $27 million | Estimated from financial growth and business success |
| 2025* | $500 – $515 million | Another source estimates significantly higher net worth, in the range of half a billion dollars (adjusted for inflation), reflecting extensive holdings and leadership roles at Group 1001 and investments |
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Business Ventures and Income Sources
Group 1001
Dan Towriss started Group 1001 and is its founder, CEO, and president. Group 1001 is an insurance and financial services group that manages over $66 billion in assets. Group 1001 has grown a lot under his leadership. They have done this by successfully buying other companies and reorganising insurance running companies to make more money and capital, which has created long-term value and job growth. Life insurance and annuity businesses are what the company does best, and Towriss is in charge of strategy, growth, and managerial excellence.
TWG Motorsports
As CEO of TWG Motorsports, Towriss is also in charge of Cadillac’s Formula 1 team, as well as teams in Australia’s Supercars Championship, Andretti Global (IndyCar and Formula E), Spire Motorsports (NASCAR), Wayne Taylor Racing (IMSA), and many more. Towriss is a key part of TWG Motorsports’ partnership with General Motors on the Cadillac F1 project, which is set to start in 2026. TWG Motorsports wants to be innovative and fight at the highest levels of motorsports around the world.
Income Sources
- As a manager, he is in charge of running and growing other insurance companies, like Delaware Life Insurance Company and Clear Spring Life and Annuity Company.
- CEO pay and senior bonuses from Group 1001 and other insurance companies in the same group.
- equity, stock options, and dividends from his positions as a boss and as a business owner.
- Investment income from strategic partnerships and a wide range of holdings in the motorsports and financial services businesses.
- Possible extra money from serving on boards and starting community-focused businesses that pay for coaching or advice.
Personal Life
Personal Life and Family
- Dan Towriss is married to Cassidy Towriss, and he keeps their home life pretty quiet compared to his public business life.
- They have two children. One of them is a son named Michael who wants to study racing business and maybe get a job at Group 1001 like his dad did. Michael has been interested in and passionate about races since he was a child. He and his father became close over racing events.
- Dan also has a daughter called ZZ. Unlike Michael, ZZ is not really into motorsports. Dan hopes that she will follow her own interests in whatever job she picks, though.
Children
- Michael Towriss is actively interested in the business side of racing, having been inspired by his father’s work and being involved in marketing and motorsports events.
- ZZ Towriss is Dan’s daughter. She isn’t as interested in motorsports but is urged to find her own job.
Siblings and Extended Family
- There aren’t any official records that connect Dan Towriss to a known set of siblings. However, historical Towriss family records show that the last name has been used by more than one person in the past (for example, Charlotte Towriss had siblings), though this is probably not related to Dan’s immediate family.
Roles in Sports & Motorsports
Dan Towriss has a big share of ownership in Andretti Autosport and Andretti Global, two big names in American and foreign motorsports. This participation not only makes his portfolio more diverse, but it also makes him more well-known. Through sponsorship deals, team valuations, and other business ventures linked to sports, these investments add to his wealth.
Dan Towriss does not officially own shares in big professional teams like the Los Angeles Dodgers or the Los Angeles Lakers. Claims of this nature are not true and should be taken with a grain of salt.
Salary, Compensation & Annual Income
Chief Executive Officer Dan Towriss makes about $900,000 a year from Group 1001, which comes to about $75,000 a month. Since exact public salary information is hard to come by, this number comes from business averages and reported earnings. The pay includes a salary, bonuses, and stock options, which is typical of executive leadership at similar financial companies.
Career Journey
- Towriss’s early career, from 1997 to 2004, was spent in the insurance and reinsurance industries. He worked as Director of Product Development at Lincoln Re (1997–2001) and Regional Vice President/Head of Pricing at ING Reinsurance (2001–2004).
- Mid-career growth (2005–2013): From 2005 to 2009, he was Chief Risk Officer and Director at AEGON. From 2009 to 2013, he was Chief Actuary, Secretary, and Chief Risk Officer at Guggenheim Life and Annuity Company, and from 2013 to 2022, he was CEO and President there.
- Towriss started Group 1001 and has been its CEO and President since at least 2018. He has been in charge of the company since 2013. The company has grown to handle over $66 billion in assets under his direction, making it a major insurance collective and financial services business.
- Towriss has been CEO and President of Delaware Life Insurance Company (since 2014) and Clear Spring Life and Annuity Company (since 2022). He has also been CEO and President of Paragon Life Insurance Company (since 2013).
- Starting to be a star in motorsports (2023–present): Towriss became an owner of Andretti Global in 2023 and was named CEO of TWG Motorsports in February 2025. As CEO, he is in charge of a large group of companies, such as Cadillac Formula 1, Andretti Global (IndyCar and Formula E), Spire Motorsports (NASCAR), and others. He was very important in getting Cadillac’s F1 team with General Motors and growing TWG’s motorsports position around the world.
Legacy, Awards, and Impact
As of 2025, Dan Towriss’s legacy, awards, and influence are mostly based on how he changed the way things were done in motorsports and finance. As CEO of TWG Motorsports, Towriss has been a big part of setting up the historic Cadillac Formula 1 team with General Motors. The team will make its start in 2026. He was also in charge of bringing together some of the best racing teams under TWG Motorsports. These teams are Andretti Global (IndyCar and Formula E), Spire Motorsports (NASCAR), Wayne Taylor Racing (IMSA endurance racing), and Walkinshaw Andretti United (Australian Supercars). The result is a unified and very competitive portfolio of motorsports.
A lot of people have praised this leadership for setting new standards for the industry by combining operational success, cutting edge technology, and new ideas. The media and leaders in the industry praise his work in changing the way racing is done around the world. This has had a big effect on both the business and sporting sides of motorsports. Towriss’s TWG Motorsports is set up as a legacy-building company that wants to be the world best in its field and have long-term success.
Current Status
As of early 2025, Dan Towriss is the CEO of TWG racing, a brand-new division of TWG Global that brings together a lot of top racing teams. This includes the Andretti Global (IndyCar, Indy NXT, and Formula E) team, Spire Motorsports (NASCAR), Wayne Taylor Racing (IMSA), and Walkinshaw Andretti United (Australian Supercars). The Cadillac Formula 1 team will make its start in 2026. Towriss was very important in bringing together the Cadillac F1 team with General Motors and getting TWG Global this wide range of racing opportunities.
In addition to being CEO of TWG Motorsports, he is also CEO of Group 1001 Insurance, which is in charge of over $66 billion in assets. Towriss stresses the importance of using operational excellence, technology, and new ideas to change the motorsports business and leave a legacy of success around the world.
Public Perception & Media Coverage
In the year 2025, the public and the media see Dan Towriss as a very powerful and important business boss in the motorsports industry. Towriss is the CEO of TWG Motorsports and is known for building and managing a strong racing portfolio that includes the Cadillac Formula 1 team (which will start racing in 2026), Andretti Global (IndyCar and Formula E), Spire Motorsports (NASCAR), and other well-known racing teams in a variety of categories.
His focus on innovation, strategic operational leadership, and bringing together several top motorsports names under the TWG Motorsports umbrella have been emphasised in the media. Some people in the industry, like TWG Global co-chairs Mark Walter and Thomas Tull, praise Towriss’s important role in forming the relationship between General Motors and the Cadillac F1 team and growing TWG’s racing holdings to set industry standards and build a global legacy.
Towriss is involved in motorsports sites across the country, as shown by public appearances and media events. This shows that he is a hands-on leader. For example, he goes to and supports events at Bristol Motor Speedway for NASCAR and the Long Beach Grand Prix for IndyCar. He also supports the Los Angeles Dodgers baseball team, which is owned by TWG Global, and works with TWG Motorsports on cultural projects.
Towriss is seen as a business-savvy executive who made the jump from insurance and financial services to high-profile management in motorsports. He is often praised for putting a focus on operational excellence and new ideas. The media also talks about how he was able to keep things running smoothly and earn the respect of established teams like Andretti Global after new leaders took over, while also pushing hard for growth and technological progress.
A documentary series about the Cadillac Formula 1 team, hosted by filmmaker and motorsport fan Keanu Reeves, will also shed more light on Towriss’s role and the team’s historic bid to join Formula 1. This shows that the public and media are becoming more interested in his leadership and vision.
FAQs
Who is Dan Towriss?
CEO and President of Group 1001, an investor in Gainbridge and racing, and a well-known leader in financial services.
Who does Dan Towriss own?
Has shares in Group 1001, Gainbridge, and is a co-owner of Andretti Autosport. Does not have confirmed stakes in the Dodgers or Lakers.
What is the net worth of Dan Bazilian?
Not the same person as Dan Towriss; you should do separate study.
Is Dan Towriss still involved with Gainbridge?
In fact, Gainbridge is part of Group 1001’s portfolio, and Towriss still holds the top positions.
Conclusion
Dan Towriss is a well-known person in the financial services and motorsports investment worlds. Depending on how you look at it, his net worth could be anywhere from $27 million to over $500 million. His work with Gainbridge and Andretti Global, as well as his guidance of Group 1001, show that he has a lot of different business interests. There are legal issues linked to a boat accident that could hurt his net worth by costing him money and hurting his reputation. From now on, new information about his court cases and business dealings will continue to affect how much money he has and how well-known he is.
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