Age, Biography and Wiki

Ernest Garcia II is an American businessman who is the founder and CEO of DriveTime Automotive Group, the largest used car dealership in the United States. He is also the founder and chairman of the board of directors of Carvana, an online used car retailer. Garcia was born on May 1, 1957 in American. He attended Arizona State University, where he earned a degree in business administration. After college, he worked in the automotive industry, eventually founding DriveTime in 2002. Garcia has been recognized for his business success, receiving the Ernst & Young Entrepreneur of the Year Award in 2011 and being named one of the Most Admired CEOs in Arizona by the Phoenix Business Journal in 2012. Garcia is estimated to have a net worth of $2.5 billion, making him one of the wealthiest people in the United States. He is married and has three children.

Popular As Ernest Garcia
Occupation Businessman
Age 67 years old
Zodiac Sign Taurus
Born 1 May 1957
Birthday 1 May
Birthplace N/A
Nationality United States

We recommend you to check the complete list of Famous People born on 1 May. He is a member of famous Businessman with the age 67 years old group. He one of the Richest Businessman who was born in United States.

Ernest Garcia II Height, Weight & Measurements

At 67 years old, Ernest Garcia II height not available right now. We will update Ernest Garcia II's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Ernest Garcia II's Wife?

His wife is Married
Family
Parents Not Available
Wife Married
Sibling Not Available
Children Ernest Garcia III

Ernest Garcia II Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Ernest Garcia II worth at the age of 67 years old? Ernest Garcia II’s income source is mostly from being a successful Businessman. He is from United States. We have estimated Ernest Garcia II's net worth , money, salary, income, and assets.

Net worth US$5.6 billion (July 2019)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

Ernest Garcia II Social Network

Instagram
Linkedin
Twitter
Facebook
Wikipedia Ernest Garcia II Wikipedia
Imdb

Timeline

2019

As of July 2019, Garcia's net worth is estimated at $5.6 billion.

1991

In 1991, Garcia bought Ugly Duckling, a bankrupt rent-a-car franchise, for under $1 million and merged it with his own fledgling finance company, and turned it into a company selling and financing used cars for sub-prime buyers with poor credit history. Garcia took the company public on the NASDAQ exchange in 1996, trading under the ticker "UGLY". In 1999, Garcia was involved in six lawsuits alleging he had "abused his position to profit" from a real estate deal where he ultimately acquired 17 company properties at a 10% discount. In 2002, Garcia and the former Ugly Duckling CEO, Gregory Sullivan, took the company private and renamed it DriveTime.

1990

In October 1990, Garcia, then a Tucson-based real estate developer pleaded guilty to a felony bank fraud charge for his role as a straw borrower in the collapse of Charles Keating's Lincoln Savings and Loan Association. Garcia "fraudulently obtained a $30-million line of credit in a series of transactions that also helped Lincoln hide its ownership in risky desert Arizona land from regulators." Garcia spent three years on probation, and he and his firm filed for bankruptcy.

1957

Ernest Garcia II (born May 1, 1957) is an American billionaire used car businessman, the owner of DriveTime, and major shareholder of Carvana.

Ernest Garcia II was born on born May 1, 1957, the son of Ernest Garcia, who owned a liquor store, and was once the mayor of Gallup, New Mexico. He dropped out, but eventually earned a bachelor's degree from the University of Arizona.

Celebs Wiki
Celebs Wiki

Ernest Garcia II fans also viewed:

Sergei Millian

Lee Tae-sung (businessman)

Kilma S. Lattin

Bom Kim

Derek Kan

Jesper Højer

Ayman Hariri

Jitse Groen

Renato Feder

Jeff Bezos