Arthur Blank Net Worth, Teams, Home Depot

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Arthur Blank net worth: He is one of the co-founders of the American multinational home improvement retail corporation, Home Depot, he is also the owner of some sports teams in America; this is indicative of the kind of businessman he is. How much does he earn?

For many people, the work that goes into something is of little concern to them but it is the money that has been made out of a venture that they look at.

Thankfully, you are not one of those; yours is just to know Arthur Blank net worth so that it would serve as some inspiration for you as you work hard to establish yourself in whatever venture you are engaging in.

In this article, we are going to discuss a whole lot about who Arthur Blank is; how he has made his money and how life has been for him as a businessman and philanthropist.

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Before we look at the intricacies of Arthur Blank net worth, shall we take some time to discuss his profile?

Arthur Blank Biography

Arthur Blank

Arthur Blank is a philanthropist and businessman best known for co-founding the Home Depot, a home improvement retailer.

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Arthur Blank is one of Georgia’s wealthiest citizens. He also owns the NFL’s Atlanta Falcons and Major League Soccer’s Atlanta United. The latter team won the 2018 MLS Cup under his ownership.

Arthur Blank was born in the Queens borough of New York City on September 27, 1942, to Jewish parents Molly and Max. Michael, his older brother, is his only sibling.

Arthur Blank attended Stuyvesant High School in Manhattan as a teenager. After that, he went to the Babson Institute, a private business school, where he graduated in 1963.

Career

We are discussing Arthur Blank net worth because of his impressive business. How did he build such an empire that is earning him so much money today?

Blank worked for Arthur Young and Company as a senior accountant after graduating from Babson.

He later joined the Daylin firm, rising through the ranks to become president of the Elliott’s Drug Stores and Stripe Discount Stores divisions.

Arthur Blank moved on to another company, Handy Dan Home Improvement Centers when Daylin decided to sell that division.

He was vice president of that division, and Bernard Marcus was the CEO; both were ousted in 1978 during a power struggle within the company.

READ ALSO: Angela Macuga Bio; Net Worth, Husband Arthur Blank

The Early Beginnings of Home Depot

Home Depot

He is credited with co-founding Home Depot, one of the numerous business ventures that have contributed to Arthur Blank net worth. How did it start?

Blank and Marcus co-founded the Home Depot with Ron Brill and Pat Farrah after being fired from Daylin in 1978. Ken Langone, an investment banker, was hired to help obtain the funds.

The Home Depot was founded with the goal of offering public access to home improvement superstores that would act as one-stop shops for do-it-yourself homeowners.

The first two locations in the Atlanta, Georgia metropolitan area opened in 1979.

The Home Depot went public on the NASDAQ two years later, and it joined the New York Stock Exchange in 1984.

By this time, the company had 19 locations spread over Georgia and Florida. It then spread to the Dallas area of Texas. The company surpassed Lowe’s to become the largest home improvement retailer in 1989.

Blank was president of the Home Depot for 19 years before taking over as CEO from Marcus. He stepped down as co-chairman of the corporation in 2001.

What is Arthur Blank Net worth?

Arthur Blank Net Worth

Arthur Blank Teams

Arthur Blank net worth is quite huge. The businessman has a net worth of $7 Billion; that is a big deal. He is up there with the wealthiest individuals in America.

He is on the record s as one of the richest people in Georgia.

Arthur Blank Teams

He is famed for co-founding Home Depot but he is very much involved in sports ownership owning some sports teams and managing them very well too. What Arthur Blank teams do you know of?

He bought the Atlanta Falcons from owner Taylor Smith in early 2002.

Arthur Blank bought the AFL’s Georgia Force two years later and relocated it from suburban Gwinnett County to Atlanta.

Blank is the founder and owner of the MLS team Atlanta United FC, the first MLS franchise to be established in Atlanta, in addition to football teams.

The squad, which debuted in 2017, plays at Mercedes-Benz Stadium, which is also home to Blank’s Atlanta Falcons. Under Blank’s ownership, Atlanta United won the 2018 MLS Cup.

The franchise is also thought to be the league’s second most valuable.

From Home Depot to ownership of sports teams that have all contributed to Arthur Blank net worth, Arthur Blank is also involved in several other business ventures.

Blank is the chairman of AMB Group, the parent company of the Atlanta Falcons and Atlanta United, among his other commercial enterprises.

He is also the chairman of his own Arthur Blank Family Foundation and a member of Emory University’s board of trustees.

Blank’s newly built Children’s Healthcare of Atlanta facility will be named after him in 2020 after he gave $200 million to the building through his foundation. The hospital is expected to open in the year 2025.

Arthur Blank Net Worth || Properties

Arthur Blank Net Worth

With a net worth of $7 Billion, Arthur Blank is living a life of luxury with several properties in his name. Much of his wealth goes to charity, it must be added.

Mountain Sky Guest Ranch and West Creek Ranch are owned by Blank and are located just outside Yellowstone National Park in Montana.

He also has a couple of PGA TOUR Superstores under his belt. Blank is one of several affluent people who have taken the Giving Pledge, pledging to give away at least half of his fortune to charity over his lifetime.

Ghbase.com

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