Arthur Blank Net Worth: How Much Of Home Depot Does He Own?

Arthur Blank Net Worth: He is a co-founder of the home improvement retailer The Home Depot and an American businessman. The Atlanta Falcons of the National Football League (NFL) and Atlanta United of Major League Soccer (MLS), the latter of which won the 2018 MLS Cup, give him the distinction of owning two professional sports teams based in Atlanta, Georgia.

Who is Arthur Blank?

Entrepreneur and businessman Arthur Blank was born on September 27, 1942. Jewish parents gave birth to Arthur Blank in Flushing, New York. Molly Blank and Max Blank, a pharmacist, were his parents. He has a brother named Michael who is older. Blank completed his education at Stuyvesant High School in New York City. His wife, Angela Macuga, is his wife. Kylie Blank, Dena Blank, Danielle Blank, Joshua, Max, and Kenny Blank are his kids. He expanded Home Depot into a company worth US$ 200 billion.

Arthur Blank Early Life

Upon receiving his degree from Babson College in 1963, Blank secured a position as a senior accountant at the firm of Arthur Young and Company. A few years later, he joined the Daylin corporation and worked his way up to president of Elliott’s Drug Stores/Stripe Discount Stores.

Blank left that division when Daylin decided to sell it and joined the Handy Dan Home Improvement Centers team. Blank was vice president of finance at Handy Dan when he and Bernard Marcus, the company’s CEO, were dismissed in 1978 due to an internal power struggle.

Blank and Marcus established Home Depot together in 1978. The original group of investors was put together by New York investment banker Ken Langone, and merchandising expert Patrick Farrah was instrumental in making the founders’ dream of a one-stop shop for DIYers a reality.

There will be a new Children’s Healthcare of Atlanta hospital, and in October 2020, it was announced that the hospital would be named after Arthur Blank. Blank’s foundation had donated $200 million toward the hospital’s construction. It is projected that the Arthur M. Blank Hospital will welcome its first patients in 2025.

Career Of Arthur Blank

Blank became a senior accountant at Arthur Young and Company after he graduated from Babson. Later, he joined the Daylin corporation and worked his way up until he was president of Elliott’s Drug Stores and Stripe Discount Stores. When Daylin decided to sell that part of the business, Blank moved to another part of the business, Handy Dan Home Improvement Centers.

In that division, he was the vice president, and Bernard Marcus was the CEO. Both of them were fired in 1978 because of a fight for power within the company.

Arthur Blank life

source: Gh base.com

Personal Life of Arthur Blank

Blank has been married three times and is in the process of getting a third divorce. Diana Blank, who was born in 1942, was his first wife. She gave birth to three children: Kenny Blank, Dena Blank Kimball, and Danielle Blank Thomsen. They got a divorce in 1993. Stephanie V. Blank, who was born in 1968 and grew up in Blowing Rock, North Carolina, and went to Appalachian State University, became his wife in 1995. [16] They met at a Home Depot store in Atlanta, where she worked as a designer.

Before they split up, they had three children: Joshua Blank, Max Blank, and Kylie Blank. Blank got married to Angela Macuga, who was born in 1968, in June 2016. who was married before and had three children from her first marriage? They said they were getting a divorce on January 1, 2019.

Blank owns the Mountain Sky Guest Ranch and the West Creek Ranch in Paradise Valley, Montana, just outside Yellowstone National Park. He owns several PGA TOUR Superstores as well. He signed The Giving Pledge, which means he promised to give at least half of his money to good causes.

On February 9, 2016, Blank said that he had prostate cancer that could be treated. Blank said on March 17, 2016, that he no longer has cancer after treatment.

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Properties Of Arthur Blank

Among his many notable properties, Blank owns both Mountain Sky Guest Ranch and West Creek Ranch just outside Yellowstone National Park in Montana. Additionally, he owns several PGA TOUR Superstores. Blank is one of many wealthy individuals to have signed the Giving Pledge, by which he commits himself to give away at least half of his wealth to charity during his lifetime.

Arthur Blank Net Worth

Entrepreneur and philanthropist Arthur Blank is widely recognized as one of the company’s co-founders. The Home Depot is a household name thanks to Blank’s efforts. Arthur Blank net worth is $7 billion. There are few Georgians who are as wealthy as Arthur Blank. In addition, he owns the National Football League’s Atlanta Falcons and Major League Soccer’s Atlanta United. The latter team won the 2018 MLS Cup while he was the owner.

He began his career as an accountant at Arthur Young and Company and later moved on to the Daylin Company before accepting the position of vice president of finance at Handy Dan Improvement Centers. Although Handy Dan’s CEO Bernard Marcus disagreed with the board and was ultimately let go from their position.

In 1979, the duo founded what would become The Home Depot, which became a multibillion-dollar industry powerhouse. From 1996 until 1998, he was the president of the company before ascending to the position of chief executive officer. In 2001, he decided to call it quits.

In addition to his role as Chairman, President, and CEO at AMB Group, LLC, he also serves as President of The Arthur Blank Family Foundation.

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