In 1976, Wallace attended the
Jim Russell Racing Drivers' School. He is the current official
Bugatti test driver. He has raced prototype
sports cars since 1988, becoming the sixth driver to complete the informal
triple Crown of endurance racing, and winning over 25 International Sports car races including: •
24 Hours of Le Mans •
24 Hours of Daytona (three times) •
12 Hours of Sebring (two times) •
Petit Le Mans . Wallace was also the driver for the then record-setting speed of in a
McLaren F1, which for over 11 years was the world record for the fastest production car. According to the
Autosport's
Le Mans supplement, he liked the place so much that he became resident there. Wallace drove for
Dyson Racing in the
American Le Mans Series through the 2007 racing season. In January 2008, Wallace drove for
Alex Job Racing in the #23
Porsche-powered
Daytona Prototype backed by
Ruby Tuesday in the
24 Hours of Daytona, finishing in 36th place with engine problems. On 2 August 2019, Wallace set a record of 300 mph in a
Bugatti Chiron Super Sport 300+. It was revealed by Top Gear on 2 September in a Youtube video, showing a certified speed of and happened on the
Ehra-Lessien test track owned by VW. ==Racing record==