I received Rickenbacker’s autobiography as a 9 year old kid. I eagerly lapped up the adventures of Rickenbacker.
Not only did he own the Indianapolis speedway, he actually raced in it - but never won it. The closest he came was in 1914, when he placed 10th.
He started supporting his family at age 12 when his father was killed in an industrial accident. His first job was in a glass blowing factory, later in a automobile repair garage, and ended up quitting school in the 8th grade.
He was a very successful early automobile salesman, later leading him to be a successful auto racer.
He convinced a superior officer in WWI to lie about his age so he could attend flight school. He ended WWI as American Ace of Aces - the flyer with the most confirmed enemy downed aircraft.
When he came home from the war in France, he was determined to build his own car. He put together a group of investors, friends, and engineers, and built the Rickenbacker automobile, shown is a 1925 Brougham. A 1925 Rickenbacker, driven by Captain Eddie, paced the 1925 Indianapolis 500. The company went bankrupt in 1927, leaving Rickenbacker $250,000 in debt.
He quickly raised enough cash to pay off that debt and raise another $700,000 to buy the Indianapolis Speedway.
He sold the speedway to Tony Hulme in 1941 and went to work for Eastern Air Lines. But when war broke out he once again took a commission in the armed forces to serve the United States. Used principally as an aviation advisor and inspiratinal speaker, he was called upon to deliver a private message to Gen. MacArthur. While flying from Hawaii to Canton Island, the plane picked up an unexpected tailwind, causing the plane to overshoot the island by many miles. The plane’s radio gear failed, and Rickenbacker and 7 others were forced to ditch the plane in the ocean, and take to the sea on life rafts. One died during the ensuing 24 days, but the rafts were located and Rickenbacker had cheated death once again. He fianally delivered his message to MacArthur a month late.
AAfter the war, he went back to work for his pre-war employer, and was named president of Eastern Airlines. Eastern was the first air carrier to operate at a profit, therby not requiring the government assistance other carriers relied on.
He flew on a pre-flight demonstration of the Boeing 707, the first successful passenger jet, and was honored by being asked to fly it for a few minutes.
One thing about Eddie Rickenbacker, he never obtained a pilot or driver’s license. On the occasions he was asked to show one, he would show his gold-plated American Legion lifetime membership card. He said it always worked.
Magnificent life. One of my few regrets is that I never wrote him like I wanted to. He died in 1973 at the age of 83.
I strongly recommend his autobiography. Very few slow points, utterly absorbing reading.