Frederick Woodruff "Ted" Field (born 1953) is an American media mogul and entrepreneur and film producer. Field was born in Chicago, Cook County, Illinois, the son of Katherine Woodruff Fanning, an editor of the Christian Science Monitor, and Marshall Field IV, who owned the Chicago Sun-Times. He is an heir to the Field family fortune. At $1.2 billion, Field is #236 on the Forbes list of the 400 richest people. Field well known by motor racing enthusiasts for being the boss of Interscope Racing, a successful team that fielded cars in many different categories including Indy, CanAm, Sportscars and even F1. Danny Ongais was the main pilot of the team, Ted Field himself occasionally took the wheel in some occasions including at 24 Hours of Le Mans. Interscope Racing started off entering Ongais in Formula 5000 in 1975, graduating to USAC racing and the Indianapolis 500 in Parnelli chassis. Field also funded Ongais to make occasional Formula One outings in a Penske. Field also backed the construction in 1980 of an Interscope chassis designed by Roman Slobodinskij for the Indianapolis 500.