Arthur Blank Net Worth 2022 – Salary, Income, Earnings

Arthur Blank Net Worth 

Arthur Blank has an estimated net worth of $7 billion. Arthur M. Blank is an American businessman and author. He founded The Home Depot, an American home improvement supply retailer, with Bernard Marcus, Ron Brill, Patrick Farrah, and Kenneth Langone. He earns most of his income from his sports business. 

Blank, a native New Yorker, attended Babson College and began his professional career at Arthur Young and Company. He went on to work for the Daylin Corporation, where he met Marcus. Following an internal power struggle, they were both fired from Daylin in 1978. They established The Home Depot within a year.

Since then, the company has grown to become America’s largest home improvement retailer. Blank is currently the chairman of AMB Group LLC, the chairman of The Arthur Blank Family Foundation, and a member of the Emory University Board of Trustees. He is the majority owner of the Atlanta Falcons of the National Football League (NFL) and the owner of Atlanta United FC of Major League Soccer (MLS), both of which he founded, through AMB Group LLC.

To calculate the net worth of Arthur Blank, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Arthur Blank
Net Worth: $7 Billion
Monthly Salary: $5 Million+
Annual Income: $100 Million
Source of Wealth: Entrepreneur

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Early Career

Blank worked as a senior accountant for Arthur Young and Company after graduating from Babson College. Later, he resigned from his position at Arthur Young to work for the Daylin Corporation. Blank, who was talented and ambitious, quickly rose through the ranks to become president of Elliott’s Drug Stores/Stripe Discount Stores, a Daylin division.

When his division was sold, he went to work for another division, Handy Dan Home Improvement Centers, where Bernard Marcus was the CEO at the time. Blank reported to him as vice president of finance.

They were both fired in 1978 after losing an internal power struggle.

The Home Depot

Arthur Blank and Marcus founded The Home Depot in Marietta, Georgia, USA, in 1978, with the assistance of merchandising expert Patrick Farrah. Kenneth Langone, an investment banker, gathered the initial group of investors.

The company’s first employee was Ron Brill. The Home Depot’s innovative warehouse concept transformed the home improvement industry in the years that followed.

The company’s phenomenal financial success has made both Blank and Marcus billionaires. Blank served as president of The Home Depot for 19 years. He took over as CEO after Marcus stepped down. Blank stepped down as co-chairman of the company in 2001.

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Investments in Sports Franchises

In February 2002, Arthur Blank purchased the Atlanta Falcons from previous owner Taylor Smith, the son of franchise founder Rankin M. Smith Sr. In September 2004, he purchased the Georgia Force of the Arena Football League and relocated the franchise from suburban Gwinnett County to Atlanta. The league shut down operations in 2009, and the Force, like other franchises, quickly followed suit.

Blank was interested in buying the Atlanta Braves of Major League Baseball, but the deal fell through. In 2014, he established the Major League Soccer franchise Atlanta United FC, which became active in the league in 2017.

He is currently the chairman of AMB Group LLC, which owns Atlanta United FC and is the majority owner of the Atlanta Falcons. He is also the chairman of The Arthur Blank Family Foundation and a member of Emory University’s Board of Trustees.

Books

With Marcus and writer Bob Andelman, Arthur Blank co-wrote the non-fiction book ‘Built from Scratch: How a Couple of Regular Guys Grew the Home Depot from Nothing to $30 Billion.’ Crown Business published it in 1999. He published ‘Choices in Palliative Care’ in 2007 with Springer-Verlag New York, LLC. Blank also contributed to the Skybox Press sports book ‘Atlanta Falcons: 50 Seasons,’ which was released in 2016.

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Family & Personal Life

Arthur Blank was born on September 27, 1942, in Sunnyside, New York, USA, to Max and Molly Blank. Michael is the name of his brother. Max Blank supported his middle-class Jewish family by working as a pharmacist. Arthur attended Stuyvesant High School in New York City before attending Babson College in Wellesley, Massachusetts, where he earned a Bachelor of Business Administration degree in 1963.

In 1966, Blank married his first wife, philanthropist Diana Latow. Kenny Blank, Dena Blank Kimball, and Danielle Blank Thomsen are their three children. The couple divorced in 1993.

He met his second wife, North Carolina native and Appalachian State University graduate Stephanie Blank, when she worked as a designer for him at a Home Depot store in Atlanta. He has three children with her as well: Joshua Blank, Max Blank, and Kylie Blank. From 1995 to 2013, Blank and Stephanie were married. Blank married Angela Macuga, a social activist and marketing executive, in June 2016. Blank and Macuga announced that they were divorcing on January 1, 2019.

Blank announced on February 9, 2016, that he had prostate cancer, but that it was treatable. On March 17, 2016, he announced that the treatment was successful and that he was cancer-free.

Arthur Blank Quotes

My job, when it comes to free agency, trades, is not to pick players, but support the personnel department and the coaching staff. We have to have the financial resources to make things happen and that’s my job.

 

We will ensure that associates continue to possess unsurpassed product knowledge and maintain their dedication to customer service and respect for their colleagues and for the communities in which they work and live.

 

You need a lot of things in any organization, but one of the critical things is trust. When you lose trust and you feel betrayed, and it’s not a matter of judgment.

 

Passion and standing up for things can help create a sense of unity. But you still have to act a certain way.

 

Running is a gift I give myself almost daily. Even at days when everything seems to go wrong, I treat myself on the satisfaction of a lap of 30 to 40 minutes.

 

Rich isn’t going to politic for the job, that’s not his style. At the same time, he’s certainly a credible candidate who has excelled on both the business side and the football side.

View our larger collection of Arthur Blank quotes.

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