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Arthur Blank Net Worth, Biography & Wiki 2017
Arthur M. Blank was born on the 27th September 1942, in Sunnyside, New York USA, of Jewish descent, and is a businessman and entrepreneur which are the main sources of Arthur Blank’s net worth. He is perhaps best known as one of the founders of the retail company The Home Depot and the owner of the Atlanta Falcons football team which plays in the NFL. Georgia Trend magazine has twice named him Georgia’s Most Respected CEO. For his achievements in business Arthur Blank was titled National Entrepreneur Of The Year by Ernst & Young LLP in 2005, and was inducted into the Junior Achievement U.S. Business Hall of Fame in 2006. The Georgia Historical Society inducted Blank as a Trustee of Georgia in 2014.
How rich is this businessman? It has been estimated that the net worth of Arthur Blank is as much as $3.5 billion, accumulated from his many business interests from the start of his career in the late 1960s.
Arthur Blank Net Worth $3.5 Billion
Arthur Blank was raised in Queens, New York, USA, with an older brother. Arthur matriculated from Stuyvesant High School, and then graduated with a bachelors degree in business administration and accounting from Babson College, and was later awarded Furman University’s honorary degree.
Initially, he worked as a senior accountant at Arthur Young and Company. Later, he worked for the Daylin Corporation in which he step by step reached the position of the Elliott’s Drug Stores/Stripe Discount Stores president. At first he was responsible for the division of Daylin, later moving on to the Handy Dan Home Improvement Centers division. Due to an internal power struggle, Arthur was made redundant, and consequently Blank, together with the former CEO of Handy Dan Bernard Marcus, founded the retailer of construction and home improvement products and services The Home Depot. The company was very successful thus adding billions to the net worth of the founders, including Arthur Blank. After working for 19 years as a president of the company, Blank retired in 2001.
Even though Blank could afford to live his life only enjoying his fortune, he is still engaged in many activities. In 2002, Taylor Smith sold the team Atlanta Falcons (NFL) to the current owner Arthur Blank. More, Blank is the owner of the Georgia Force team which plays in the Arena Football League and the Atlanta Braves team in Major League Baseball. In addition to this, he serves in the position of the Chairman of The Arthur Blank Family Foundation as well as the Chairman, CEO and President of AMB Group, LLC. As the member of the Board of Trustees he sits in the Staples and Cox Enterprises and Emory University. All these engagements add popularity and increase the net worth of Arthur Blank. However, he is known as to be a very generous person as he gives at least 50% of his earnings to charity.
Finally, in the personal life of a billionaire, Arthur Blank has three children from each of two marriages. His first wife was Diana Blank, and his second wife Stephanie Blank(1995-2011). Currently, he has a fiancée, Angela Macuga.