⬅ # 333 Douglas Leone|# 335 Pavel Tykač

# 334 Arthur Blank 

$7.96B

Real Time Net Worth
as of 5/21/2024
-$21.2M (-0.27%)

# 334 Arthur Blank 

$7.96B

Real Time Net Worth
as of 5/21/2024
-$21.2M (-0.27%)
OccupationChair, Atlanta Falcons
Source of WealthHome Depot
Age81
ResidenceAtlanta, Georgia
Marital StatusDivorced
Children6
EducationBS, Babson College
Age-Adjusted Net Worth$1.92B
Arthur Blank
Arthur Blank
United States
Net worth: $7.96B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Arthur Morris Blank was born on September 27, 1942, in Flushing, New York, to Max and Molly Blank.
He graduated from Stuyvesant High School in New York City and earned his MBA from Harvard.
Blank began his career as a senior accountant at Arthur Young and Company before rising to become president of Elliott's Drug Stores/Stripe Discount Stores at Daylin corporation.
In 1978, Blank and Bernie Marcus were fired from Handy Dan Home Improvement Centers, leading them to co-found Home Depot.
He served as Home Depot's president for 19 years before retiring as co-chairman in 2001.
Blank purchased the Atlanta Falcons NFL franchise in February 2002, followed by acquiring the MLS team Atlanta United FC.

Business Ventures

Co-founded Home Depot with Bernie Marcus in 1978, pioneering the one-stop shopping experience for do-it-yourselfers.
Retired as co-chairman of Home Depot in 2001 after revolutionizing the home improvement business.
Bought the Atlanta Falcons NFL franchise in 2002, and later acquired the Arena Football League franchise, the Georgia Force.
Established Atlanta United FC, an expansion MLS franchise, in 2017, sharing Mercedes-Benz Stadium with the Falcons.
Currently serves as Chairman of AMB Group LLC, the parent company of Atlanta Falcons and Atlanta United FC.

Sports Ownership and Contributions

Acquired the Atlanta Falcons franchise in 2002, and later founded Atlanta United FC, bringing professional soccer to Atlanta.
Both teams moved into the $1.5 billion Mercedes-Benz Stadium in August 2017, hosting the 2019 Super Bowl.
Played a key role in setting up the new headquarters of the United States Soccer Federation in Atlanta.
Invested in philanthropic sports-related projects, including the Children's Healthcare of Atlanta hospital, through The Arthur Blank Family Foundation.
Contributed significantly to Atlanta's sports culture by owning and supporting teams in NFL and MLS.

Philanthropy and Giving Pledge

Chairman of The Arthur Blank Family Foundation, focusing on various philanthropic initiatives.
Signatory of The Giving Pledge, committing to give away at least 50% of his wealth to charitable causes.
Donated nearly $5.4 million in March 2020 to aid the coronavirus pandemic response in Georgia and Montana.
Donated $200 million in October 2020 to the Children's Healthcare of Atlanta hospital, leading to its renaming as the Arthur M. Blank Hospital.
Serves on the Board of Trustees of Emory University, contributing to educational and healthcare advancements.

Personal Life and Health

Married three times and divorced twice, currently separated from his third wife, Angela Macuga.
Has three children from his first marriage with Diana Blank, and three children from his second marriage with Stephanie V. Blank.
Owns Mountain Sky Guest Ranch and West Creek Ranch outside Yellowstone National Park in Montana.
Also owns several PGA TOUR Superstores, diversifying his investment portfolio.
Announced being cancer-free in March 2016 after undergoing treatment for prostate cancer.

How long would it take you to become as rich as Arthur Blank?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Arthur Blank's net worth of $7.96B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Arthur Blank is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Arthur Blank, Home Depot is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey