He is the biological grandson and adopted son of A. J. Foyt, and a biological cousin (and uncle by adoption) of A. J. Foyt IV. His biological mother (and half-sister by adoption) is Terry Lynn Foyt, daughter of A. J. Foyt, who divorced his biological father Larry Gene Roberds when he was an infant.
The same year, he graduated from Texas Christian University with a degree in communications.
He also drove in the 2004, 2005, and the 2006 Indianapolis 500 for A. J. Foyt Enterprises. In 1997, he began running Universal Service Administrative Company"s Formula 2000 series. In addition, he made his first attempt at a Winston Cup race at Atlanta Motor Speedway in his father"s backup car, but missed the field
In 2001, Foyt moved to the Busch Series, driving the #14 Harrah"s Chevrolet Monte Carlo.
He had five top-twenties and finished 22nd in points, third in the championship. The next year, he had two top-tens and finished 20th in points.
He moved to Cup full-time in 2003, and had a best finish of 16th at Homestead-Miami Speedway, finishing 41st in points. After the team lost its Harrah"s sponsorship, Foyt ran just three races before the team closed its doors.
In 2005, Foyt ran one race in Associate of the Royal College of Art and finished in the twelfth in the race.
He ended up missing most of the season after suffering back injuries in a crash in the Industry 500. He hoped to make the Daytona 500 in the #50 owned by Arnold Motorsports, but missed the race. Early in the season, he announced the formation of his own Busch Series team, but after sponsorship failed to materialize, the team dissolved.
He also ran the Indianapolis 500 again, finishing 30th after suffering handling problems.
A.J. Foyt announced in July 2006 that Larry would be assuming more management responsibilities at A.J. Foyt Enterprises and eventually assume the role of team manager by the end of the 2007 season. He returned to National Association of Stock Car Auto Racing driving the #44 Key Motorsports Chevy with sponsorship from Silestone by Cosentino for one race, but wrecked early in the 2007 Chevy Silverado HD 250, finishing 32nd.
He attempted the Pepsi 400 in NEXTEL Cup with Brooklyn Academy of Music Racing, however qualifying was rained out, forcing him to miss the race. He competed that weekend in the Daytona Busch Series race for Mac Hill Racing, finishing 38th after a wreck.
He made his second career Craftsman Truck race in 2008 at Daytona, starting 36th and finishing 18th.
Foyt attempted both the Nationwide and Camping World Truck races at Daytona in 2009, for Mac Hill Motorsports and Derrike Cope, Incorporated., respectively. He failed to qualify for the Nationwide Series race and finished 20th, 15 laps down, in the Truck Series race.
Foyt began racing in 1993 in the go-kart ranks, and won his first race two years later. He would win the state championship in his first year in 125cc competition one year later. He won two races in the SCCA series in 1999. The next year, he made his stock car racing debut in the American Speed Association, where he won a pole at Winchester Speedway and had four top-tens.
