Grizzly Bulls LogoGrizzly BullsHow it WorksCalculator🚀 PremiumBlog
Log In

Grizzly Bulls’ Billionaires Index

⬅ # 729 Behdad Eghbali|# 731 Zhang Hejun ➡

# 730 Gail Miller 

$4.55B

Real Time Net Worth
as of 12/19/2024

# 730 Gail Miller 

$4.55B

Real Time Net Worth
as of 12/19/2024
Source of WealthCar Dealerships
Age81
ResidenceSalt Lake City, Utah
Marital StatusWidowed, Remarried
Children5
EducationDrop Out, University of Utah
Age-Adjusted Net Worth$1.10B
Gail Miller
Gail Miller
United States
Net worth: $4.55B

Self-Made Score 

Breitling Avenger Seawolf Automatic Chronometer Yellow Dial Men's Watch

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Gail Miller, born Karen Gail Miller (née Saxton) on October 14, 1943, is an American businesswoman.
She became wealthy through her ownership of the Larry H. Miller Group, initially established with a single Toyota dealership.
Miller and her late husband, Larry H. Miller, transformed their business into the eighth-largest auto dealer group in the U.S.
Her notable ownership includes the Utah Jazz NBA team, significant real estate holdings, healthcare ventures, and entertainment businesses.

Business Interests

After her husband's passing in 2009, Miller took over their businesses, expanding them beyond car dealerships into real estate, healthcare, and entertainment.
The Larry H. Miller Group's real estate subsidiary acquired 1,300 acres of land in Daybreak, planning to build 6,000 additional homes.
In 2021, she sold the car dealerships to Asbury Automotive for $3.2 billion, including $740 million for real estate.
Miller's businesses, as of early 2020, employed 11,000 people and expanded into healthcare, including acquisitions like Advanced Health Care.
She invested in Recyclops, a startup specializing in recycling hard-to-handle materials, expanding its services across multiple states.
Swig, a soft drink shop chain, became part of her portfolio in late 2022, with plans for significant expansion.

Sports & Entertainment

Miller purchased the Utah Jazz in 1986 for $22 million, later selling it in 2020 for $1.66 billion to Ryan Smith but retaining a minority stake.
Under her ownership, the Jazz underwent renovations worth $125 million in 2017 and received support against racism in the community in 2019.
The Miller family's efforts to keep the Jazz in Utah and the subsequent sale generated substantial profits for diversification and philanthropy.
She spearheaded the 'Big League Utah' campaign to bring Major League Baseball to Salt Lake City, investing in land acquisition and stadium development.
Miller's involvement in sports extends to the Salt Lake City Stars and Salt Lake Bees, contributing to Utah's sports landscape.
Her investments in entertainment include Megaplex Theatres, which expanded and became one of the top-grossing theaters locally and nationally.

Healthcare Ventures

Miller's business expansion included ventures into healthcare, such as the acquisition of Advanced Health Care, a chain of high-end nursing homes and hospices.
AHC's acquisition marked Miller's first foray into healthcare, focusing on facilities in Utah and neighboring states.
Her healthcare interests extended to the purchase and renovation of assisted living centers like the Aspen Ridge Residences in Lehi, Utah.
The Larry H. Miller Company diversified into skilled nursing, assisted living, home health, and hospice care through LHM Senior Health.
Miller's investments aimed to enhance healthcare services, focusing on transitions from acute care to home-based living.

Gail Miller's Wealth is Equivalent to:

3,499,615 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

860,170 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

46,461 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Gail Miller?

If you started with $10,000 and invested an additional $500 each month at a 42.79% CAGR, it would take you 5 years to reach Gail Miller's net worth of $4.55B.

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 66.02% compared to 28.56% for the S&P 500 benchmark.

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

Gail Miller 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 Gail Miller, Car Dealerships 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey