Arthur Blank is a well-known businessman from America who is best known to be the co-founder of ‘The Home Depot’. Blank has ownership in the National Football League’s ‘Atlanta Falcons’. He also has ownership in Major League Soccer’s ‘Atlanta United’. He is a philanthropist and has received several honors for his contributions to many organizations. Keep reading to know more about Arthur Blank’s net worth in 2019.
Arthur M. Blank was born on September 27, 1942, in Sunnyside, New York to his parents Molly Blank and Max Blank.
He completed his schooling at Stuyvesant High School located in New York City. In 1963, he earned his BS degree in accounting and business administration from Babson College.
Arthur Blank was first married to Diana J. Blank. They have three children named Danielle Blank, Dena Blank Kimball, and Kenny Blank. The couple divorced in 1993. Following that, he got married to Stephanie V. Blank in 1995. They are the parents of Kylie Blank, Max Blank, and Joshua Blank He divorced Stephanie in 2013. In 2016, he got married to Angela Macuga.
In 2016, Arthur Blank was diagnosed with prostate cancer. He became cancer-free in March of the same year. He has committed himself to give away a minimum of 50% of wealth to various charities.
After completing his college, Arthur Blank used to work in the Arthur Young and Company as a senior accountant. Following that, he started to work at the Daylin Corporation. Later he became the president of Daylin’s Elliott’s Drug Stores/Stripe Discount Stores. Blank then moved to the division of Handy Dan Home Improvement Centers.
In 1978, he became the co-founder of Home Depot along with Bernard Marcus. It is a company which sells construction products, tools, and services and is headquartered in Atlanta Store Support Center. It soon revolutionized home improvement business and started to evolve the new concept of warehousing. This led both Blank and Marcus to become billionaires.
For 19 years, Arthur Blank served as the president of the company and following that, he became the CEO of the company. In 2001, he retired from the company as its co-chairman.
In 2002, he bought National Football League’s Atlanta Falcons. Two years later, he purchased Arena Football League franchise, Georgia Force. He is also the owner of Atlanta United FC which plays in the Major League Soccer.
Awards & Achievements
In 2011, the American Institute for Stuttering conferred Arthur Blank with the Changing Lives Award. In 2006, he was inducted into the Junior Achievement U.S. Business Hall of Fame. He was named as the National Entrepreneur of the Year by Ernst & Young LLP in 2005. Georgia Trend magazine has named Blank as the Georgia’s Most Respected CEO. The Georgia Historical Society has inducted Arthur Blank as a Georgia Trustee in 2014.
Net Worth of Arthur Blank
Arthur Blank has an estimated net worth of more than $3.9 billion. He made this fortune with his career in Home Depot. Having been associated with Home Depot, he became a billionaire in quick time and went on to have ownership in a sports team. He is also the owner of Mountain Sky Guest Ranch located in Emigrant, Montana. He bought the Atlanta Falcons for $545 million in 2002 which is now priced at $2.1 billion.
Arthur Blank is considered one of the most popular businessmen’s in the world. Currently Arthur Blank serves as the CEO, President, and Chairman of AMB Group LLC. Additionally, he is the chairman of The Arthur Blank Family Foundation. He found considerable success with his company Home Depot. He is also Emory University’s Board of Trustees. As a philanthropist, he is a signatory of The Giving Pledge.