Arthur Morris Blank (born September 27, 1942) is an American businessman, best known as a co-founder of The Home Depot. Blank owns three professional sports teams based in Atlanta, Georgia: the Atlanta Falcons of the NFL, the Atlanta Drive of the TGL, and Atlanta United FC of MLS, which won the 2018 MLS Cup. He is also chairman of their parent company, AMB Group LLC.
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Arthur Blank Net Worth
Arthur Blank has a net worth of $7 billion. He serves as the chairman of AMB Group, the parent company of the Atlanta Falcons and Atlanta United. Blank is also the chairman of his own Arthur Blank Family Foundation and sits on the board of trustees of Emory University.
In 2020, it was announced that the newly built Children’s Healthcare of Atlanta hospital would be named in honor of Blank, who donated $200 million to the project. The hospital is scheduled to open in 2025.
Early Life
Arthur Blank was born in Flushing, New York to Jewish parents, Max Blank, a pharmacist, and Molly Blank. He has an older brother, Michael. Blank graduated from Stuyvesant High School and Babson Institute in 1963.
He worked at Arthur Young and Company as a senior accountant, then joined Daylin Corporation, becoming president of Elliott’s Drug Stores and Handy Dan Home Improvement Centers. In 1978, Blank co-founded Home Depot with Bernard Marcus and others, revolutionizing the home improvement business. He retired in 2001 as co-chairman.
Career
After graduating from Babson, Arthur Blank became a senior accountant for Arthur Young and Company. He later joined the Daylin corporation, rising to president of Elliott’s Drug Stores and Stripe Discount Stores.
Following his termination in 1978, Blank and Bernard Marcus co-founded The Home Depot with Ron Brill and Pat Farrah, with Ken Langone helping secure capital. The Home Depot revolutionized the industry with its warehouse concept, becoming the largest home improvement chain by 1989 and making Blank a billionaire.
Personal Life
Arthur Blank has been married and divorced three times. He has three children with his first wife, Diana Blank: Kenny Blank, Dena Blank Kimball, and Danielle Blank Thomsen. They divorced in 1993. In 1995, he married Stephanie V. Blank, and they had three children: Joshua Blank, Max Blank, and Kylie Blank before divorcing.
In 2016, Blank married Angela Macuga, who had three children from a previous marriage. Blank owns Mountain Sky Guest Ranch and West Creek Ranch. He disclosed having treatable prostate cancer in 2016 but is now cancer-free.
What is Arthur Blank doing now?
Arthur Blank is currently the chairman of The Arthur Blank Family Foundation. He also serves on the Board of Trustees of Emory University.
Conclusion
Arthur Blank’s journey from a humble beginning to becoming a billionaire is a narrative of hard work, innovation, and strategic foresight. His contributions to the business world, sports, and philanthropy have left an indelible mark, making him a notable figure in contemporary American history.
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FAQs about Arthur Blank Net Worth
- What is the source of Arthur Blank’s wealth? Arthur Blank’s wealth primarily comes from co-founding Home Depot and his investments in sports franchises like the Atlanta Falcons.
- What other businesses does Arthur Blank own? Besides Home Depot and the Atlanta Falcons, Blank owns Atlanta United, the PGA TOUR Superstore, and several ranches in Montana.
- What philanthropic activities is Arthur Blank involved in? Blank is known for his philanthropic efforts, primarily through the Blank Family Foundation, focusing on various community development initiatives.
- How has Arthur Blank’s leadership impacted the Atlanta Falcons? Under Blank’s ownership, the Atlanta Falcons have seen growth and success, becoming a prominent team in the NFL.
- What is Arthur Blank’s approach to business and investment? Blank’s business approach is characterized by strategic foresight, innovation, and a commitment to diversification and community involvement.
