With a net worth of $6.9 Billion, Arthur Blank is the co-founder and owner of the home improvements store Home Depot, which he began in 1978.
The store was the first hardware store with a warehouse concept, making them much bigger than any of its competitors at the time.
He is widely recognized for his diverse business enterprises, both in companies and sports teams. He is the owner of the superyacht DREAMBOAT.
| Name: | Arthur Blank |
| Net Worth: | $6.9 billion |
| Source of Wealth: | Home Depot |
| Born: | 1942 |
| Country: | America |
| Yacht: | Dreamboat |
Arthur Blank Net Worth
Blank owns the Mountain Sky Guest Ranch and West Creek Ranch outside Yellowstone National Park in Paradise Valley, Montana. According to Forbes, he has a net worth of $6.9 million.
He is the owner of the Oceanco DREAMBOAT Yacht, which is a $180 million vessel. He owns three private jets: a Bombardier Global 6000, a Gulfstream G-IV, and a Bombardier Global 750.
Personal Life
Arthur Blank was born in 1942 in Flushing, New York, to a Jewish family. He has been married three-time and divorced twice, with a third pending. He has three children with his first wife, Diana Blank.
He has three children with his second wife, Stephanie V. Blank, who he met when she worked as a decanter at a Home Depot store in Atlanta.
He married Angela Macula in 2016 and announced their pending divorce in 2019.
He announced he suffered from treatable prostate cancer in 2016 and made a statement in 2016 that he was cancer-free.
Business
Arthur Blank graduated from the Babson Institute in 1963 and was hired as a senior accountant at Arthur Young and Company.
He worked his way to the top of several companies, including Darlin and Handy Dan, and later founded Home Depot in 1978.
Blank and his partner, Bernie Marcus, founded the Home Deport stores after he was fired from his job at a regional hardware store, where he acted as vice president.
He retired as the chairman in 2001. The Blank Family Business is also the owner of the PGA Tour Superstore, which is the US’s leading gold retailer.
Sports Teams
Blank owns two sports teams. He bought the NFL’s Atlanta Falcons in 2002 after retiring from his role as chairman of Home Depot. He paid $545 million for the sports team that is now worth $1.8 billion.
He also bought professional soccer to Atlanta with his Major League Soccer team Atlanta United FC. The team started playing in March 2017.
Blank’s two sports teams moved to their new home in 2017, the Mercedes-Benz Stadium. The stadium hosted the 2019 Super Bowl.
Philanthropy
He created the Arthur M Blank Family Foundation as a way to be philanthropic with his money. The foundation focuses on enhancing communities and changing people’s lives. He also began the Molly Blank Fund, named after his mother, who died at 99.
The foundation emphasized youth, art, and culture. He regularly gives back and is one of the most recognized philanthropists in America.
The Giving Pledge, committing to give away 50% of his wealth to charitable causes before his death.
