Arthur Blank is a renowned American entrepreneur and businessman who has a net worth of 6.2 billion dollars. He is the co-founder of the world’s greatest home improvement retailer company, The Home Depot, Inc.
Keep reading to find out how Arthur Blank drove his career to become one of the richest men in the world. Furthermore, learn some details, such as his biography, relationships and marital status, early life, and many more.
How much money does Arthur Blank make?
Forbes magazine’s world’s richest person list, Arthur Blank has positioned 396th place. He made massive wealth through his former company and an NFL team. Besides, in the last five years, Arthur Blank’s wealth has doubled.
In a year, Arthur earns around 685 million dollars on average. So, to clarify his income, a list has been made, which contains Arthur Blank’s yearly, monthly, weekly, daily, and hourly income:
- Yearly Salary: $688.8 million
- Monthly Salary: $57.4 million
- Weekly Income: $13.25 million
- Daily Income: $1.89 million
- Hourly Income: $78.63 thousand
How did Arthur Blank make his money?
Arthur Blank is a businessman, and entrepreneur at a time. He made a massive amount of wealth through these activities. In addition, Arthur Blank’s workings are categorized below in some points:
- Service Holder
- Sports Team Owner
Earnings as a Service Holder
After completing graduation in 1963, Arthur Blank took a job as a senior accountant at Arthur Young and Company.
Later on, he joined another corporation named Daylin Corporation. In that corporation’s Elliott’s drug store, Arthur Blank was able to become the president. After that, Arthur Blank shifted to another division named Handy Dan Home Improvement Center.
Arthur Blank and Bernard Marcus were being fired from the corporation. It happened due to some internal power struggles in 1978.
Earnings as an Entrepreneur
Arthur Blank’s income rate increased crazily after co-founding a home improvement company named The Home Depot in 1978.
Initially, an Investment Banker named Ken Langone managed a group of investors and a merchandising specialist named Patrick Farrah. The merchandising specialist made the vision of the newly founded company called Do-It-Yourselfer.
Arthur Blank’s company, Home Depot was a revolutionizing company in the field of home improvement. For 19 years, he acted as the company’s president. In 2001, Arthur Blank retired from the company. At the time of retirement, he was the co-chairman.
Currently, Arthur Blank is occupying the seat of Chairman, in AMB Group LLC. Besides, he is also covering the responsibility of chairman of the Arthur Blank Family Foundation. Moreover, he is on the Board of Trustees of a university named Emory University.
Making Money as a Sports Team Owner
In September 2002, Arthur Blank bought the National Football League’s football team named Atlanta Falcons for 545 million dollars. The team was previously owned by Taylor Smith, son of the team founder named Rankin M. Smith Sr.
In September 2004, Arthur Blank bought another team named Georgia Force, a franchise of the Arena of Football League. Later in 2017, he founded another club for the Major League Soccer tournament named Atlanta United FC.
Arthur Blank’s football teams, Atlanta Falcons and Atlanta United FC. are under the AMB Group LLC.
Biography of Arthur Blank
|Full Name||Arthur M. Blank|
|Professional Name||Arthur Blank|
|Date of Birth||27 September 1942|
|Place of Birth||Sunnyside, Queens, New York City, United States of America|
|Height||5 feet 6 inch|
|Marital Status||Divorced (3 times)|
|Former Wives Names||Diana Blank (Divorced in 1993)Stephanie Blank (from 1995 to 2013)Angela Macuga (from 2016 to 2019)|
|Children||6 (Dana Blank, Joshua Blank, Danielle Blank, Kylie Blank, Max Blank, Kenny Blank)|
|Net Worth||$7 billion|
The early life of Arthur Blank
On 27 September 1942, Arthur Blank was born in Sunnyside, Queens, New York, United States of America. In addition, he spent his childhood in the birthplace. Moreover, Arthur Blank was born in a Jewish family.
Arthur Blank’s father, Max Blank, was a pharmacist, and his mother’s name was Molly Blank. Additionally, Arthur has an older brother, Michael Blank.
Arthur Blank completed high school at Stuyvesant High School, located in New York City. After completing high school, he attended Babson Institute and completed graduation in 1963. Later, he completed an MBA from Harvard University.
Real Estate of Arthur Blank
Arthur Blank bought a stadium named Mercedes-Benz Stadium for 1.5 billion dollars in August 2017. There he moved both of his teams. Moreover, the stadium hosted the Super Bowl in 2019.
Donations of Arthur Blank
In March 2020, to aid the Covid-19 pandemic, Arthur Blank’s Foundation donated 5.4 million dollars in Montana and Georgia. Besides, in October 2020, Arthur Blank donated 200 million dollars to a children’s hospital which will be named before his name Arthur M. Blank Hospital.
Multi-billionaire and the Atlanta Falcons’ owner, Arthur Blank, donated 17 million dollars to the Civil Rights Museum. In addition, he donated the museum so that it can offer programs and expand its business.
Arthur Blank bought the Atlanta Falcons, the National Football League team, in 2002. He paid 545 million dollars to buy the team. At present, one has to pay up to 2.88 billion dollars to buy the National Football League team, Atlanta Falcons.
Arthur Blank is the co-founder of Home Depot. He established the company in 1979 and left it in 2001. Moreover, he made it the world’s biggest home improvement retailer company with 250 thousand employees before leaving. Currently, Craig Menear is the owner of Home Depot.
- https://blankfoundation.org/ — Arthur Blank Family Foundation Official Website
- http://blankfamilyofbusinesses.com/ — Arthur Blank Family Businesses Official Website
- https://www.imdb.com/name/nm1776937/ — Arthur Blank IMDb
- https://www.forbes.com/profile/arthur-blank/?sh=5e8717ca749c – Arthur Blank Forbes Magazi