Ernest Garcia, III. Net Worth

$3 Billion         |         Rank #951

Who is Ernest Garcia, III.

Garcia launched Carvana in 2012 as a subsidiary of DriveTime, a traditional used car business that operates 126 dealerships in 25 states.
Garcia started Carvana as a way to sell used cars directly instead of relying on middlemen; the company also offers financing services.
The younger Garcia struck out on his own in 2017, spinning Carvana out of Drivetime in an IPO that raised $225 million.

His father, Ernest Garcia II, owns and runs DriveTime, and helped fund the initial development of Carvana; he remains its largest shareholder. Ernest Garcia, III. is from those few lucky persons who were born rich. He has inherited most of the part of his Wealth. Which leads to the fact that it was comparatively easy for Ernest Garcia, III. to make it into the worldwide list of billionaires and is among the wealthiest persons on earth. He is currently 39.0 years old. Ernest Garcia III is the CEO and cofounder of Carvana, an ecommerce platform for buying and selling used cars.
As of today, Ernest Garcia, III.’s net worth is roughly 3 Billion.

Facts about Ernest Garcia, III.

Net Worth: 3 Billion
Billionaire Rank: 951
Age: 39.0
Date of Birth: 01-05-82
Gender: Male
Currently Living in: Phoenix, Arizona, United States
Birth Place: United States
Source of Wealth: used cars

To find out what is Ernest Garcia, III. Net Worth, how he got there and what is Ernest Garcia, III. Salary Per Day, Career, Biography and Childhood details, continue reading below.

Early Life of Ernest Garcia, III.

Ernest Garcia, III. was born on 01-05-82 in United States. In 2018, Garcia gifted $35 million worth of his personal stock to Carvana employees to commemorate the company selling its 100,000th car. Being raised in the same country, Ernest Garcia, III. spent most of his time in Arizona in the city of Phoenix.

Ernest Garcia, III. net worth is estimated at 3 Billion Billion to date.

 

Ernest Garcia, III. used cars
Ernest Garcia, III. Net Worth

Professional Journey

You will see him often in social media.  Ernest Garcia III is the CEO and cofounder of Carvana, an ecommerce platform for buying and selling used cars.
There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. In his youth, he was adventurous but unknown, but that was years ago.
Garcia launched Carvana in 2012 as a subsidiary of DriveTime, a traditional used car business that operates 126 dealerships in 25 states.
Garcia started Carvana as a way to sell used cars directly instead of relying on middlemen; the company also offers financing services.
The younger Garcia struck out on his own in 2017, spinning Carvana out of Drivetime in an IPO that raised $225 million.

His father, Ernest Garcia II, owns and runs DriveTime, and helped fund the initial development of Carvana; he remains its largest shareholder. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Ernest Garcia III is the CEO and cofounder of Carvana, an ecommerce platform for buying and selling used cars.
It will not be wrong if we say that Ernest Garcia, III. is one of the granted billionaires who inherited most part of the wealth and stands at 951 in most wealthiest persons in the world.

FAQs

Here are a few most frequently asked questions about Ernest Garcia, III.:

How much is Ernest Garcia, III. worth?

Ernest Garcia, III.’s net worth is estimated to be 3 Billion.

How old is Ernest Garcia, III.?

Ernest Garcia, III. was born on 01-05-82, and is currently 39.0 years old.

What is Ernest Garcia, III. source of income?

Ernest Garcia, III. acquires most part of his wealth from used cars.
 

Concluding Ernest Garcia, III. Net Worth

Currently with a net worth of 3 Billion, Ernest Garcia, III. stands at 951 in the world billionaires list. And draws most of his wealth from used cars. Hope you like this information about Ernest Garcia, III.. If you like this, then please share it with your friends. This above post is all about the estimated worth of Ernest Garcia, III.. Do you have any queries? Feel free to ask via comment section.

 

Disclaimer: Please keep in mind that this is an estimated net worth of Ernest Garcia, III.. Actual worth may vary a little. You can always get information by checking out Leaktown.com.