| Birth Place | American |
Ernest Garcia II, an esteemed personality in the business world, is estimated to hold a net worth of $3 billion in the year 2024. His remarkable financial success has rightfully earned him the reputation as one of the wealthiest billionaires in America. Through his shrewd business acumen, Garcia II has amassed an impressive fortune, solidifying his place amongst the elite individuals in the country's financial landscape. His prosperity serves as an inspiration to aspiring entrepreneurs and showcases the immense possibilities that can be achieved through dedication, strategic thinking, and a drive for success.
Ernest Garcia, II net worth: Ernest Garcia, II is an American businessman who has a net worth of $5.3 billion. Ernest Garcia, II is best known for being the owner of the company DriveTime and the chairman of Carvana. His father was the mayor of Gallup, New Mexico and Ernest II graduated from the University of Arizona. He worked as a real estate developer and pleaded guilty to bank fraud. He purchased the bankrupt rent-a-car franchise Ugly Duckling in 1991 for less than $1 million. In 2002 the company was renamed to DriveTime which went on to have more than 140 locations in the U.S. with about 3,800 employees. The spinoff company Carvana was founded in 2012 as an online used car retailer. Ernest Garcia, II serves as the Chairman and his son Ernest Garcia, III is the CEO. Other spinoff companies of DriveTime include GO Financial, Bridgecrest Acceptance Corporation, and SilverRock Group Inc.
