Arthur Blank is a Businessman and philanthropist and is most known for helping to start Home Depot, a retailer of home improvement products. He also owns the MLS team Atlanta United and the NFL team Atlanta Falcons.
He presently holds the positions of Chairman, President, and CEO of the nonprofit organizations The Arthur Blank Family Foundation and AMB Group, LLC.
Childhood and Education
Jewish parents Molly and Max welcomed Arthur Blank into the world on September 27, 1942, in the borough of Queens in New York City. Michael is the name of his older brother. Blank attended Manhattan’s Stuyvesant High School as a teenager. After that, he enrolled in the Babson Institute, a for-profit business school, where he eventually graduated in 1963.
Blank joined Arthur Young and Company as a senior accountant after receiving his degree from Babson School. Later, he joined the Daylin organization, where he worked his way up the corporate ladder to become president of Stripe Discount Stores and Elliott’s Drug Stores.
Blank moved to Handy Dan Home Improvement Centers after Daylin decided to sell off that particular segment. He was the vice president of that division when Bernard Marcus was the CEO; both were eventually sacked in 1978 as a result of a power struggle within the company.
Net Worth of Arthur Blank
The total wealth of Arthur Blank is $7 Billion. He Is One of The Wealthiest People in Georgia. He has built his million-dollar empire via his career.
Mountain Sky Guest Ranch and West Creek Ranch, located just outside Yellowstone National Park in Montana, are two of Blank’s well-known properties. In addition, he is the owner of several PGA TOUR Superstores. With his pledge to donate at least half of his money to charity over his lifetime, Blank is one of many wealthy people who have taken the Giving Pledge.
With Ron Brill and Pat Farrah, Blank and Marcus Co-Founded the Home Depot After Being Fired from Daylin in 1978. Ken Langone, an Investment Banker, Was Hired to Assist in Obtaining the Required Funding. the Home Depot Was Founded with The Intention of Offering the General Public One-Stop Shopping for Home Improvement Superstores.
in The Metro Area of Atlanta, Georgia, the First Two Stores Debuted in 1979. the Home Depot Went Public on The Nasdaq Two Years Later, and It Joined the New York Stock Exchange in 1984. at This Point, the Business Was Running 19 Locations in Florida and Georgia. It Then Spread to Texas, Specifically the Dallas Region.
The Company Surpassed Lowe’s to Overtake It as The Largest Home Improvement Chain in The Nation in 1989. with Its Warehouse Inventory Strategy, Home Depot Changed the Industry and Made Blank and Marcus Billionaires.
Blank Oversaw the Home Depot for 19 Years Before Succeeding Marcus as Ceo. He left the Company in 2001 as Co-Chairman.
Blank Is Well-Known for His Interest in Professional Sports Ownership Outside of Home Depot. He Acquired the Nfl’s Atlanta Falcons from Owner Taylor Smith in The Early Months of 2002. Two Years Later, Blank Bought the Afl’s Georgia Force and Relocated It from The Suburb of Gwinnett County to Atlanta.
Along with Owning Football Franchises, Blank Founded and Owns the First Mls Squad to Have Its Home Base in Atlanta, Atlanta United Fc. the Team Started Competing in 2017 and Plays Its Home Games at Blank’s Atlanta Falcons’ Mercedes-Benz Stadium. Notably, It Was Under Blank’s Ownership that Atlanta United Won the 2018 Mls Cup. Additionally, the Franchise Is Thought to Be the Second Most Expensive in The League.
Additional Business Efforts
Blank Is Chairman of Amb Group, the Parent Company of The Atlanta Falcons and Atlanta United, in Addition to His Other Business Endeavors. Additionally, He Is a Member of The Emory University Board of Trustees and Serves as Chairman of His Own Foundation, the Arthur Blank Family Foundation.
The Newly Constructed Children’s Healthcare of Atlanta Hospital Would Bear Blank’s Name, According to A 2020 Announcement. Blank Gave $200 Million to The Building Through His Foundation. the Hospital Is Slated to Open in 2025 at Some Point.
Arthur Blank Has a History of Several Marriages and Divorces. He Has Three Children—Kenny, Dena, and Danielle—with the Philanthropist Diana Latow During His First Marriage. in 1993, the Couple Got Divorced. Two Years Later, Blank Wed Stephanie Wray, Whom He Had First Met While the Latter Was a Designer at A Home Depot in Atlanta.
Joshua, Max, and Kylie Were Their Three Children Together; They Eventually Got Divorced in 2014. Two Years Later, 26-Year-Old Businesswoman Angela Macuga Became Blank’s Third Wife. Following Their Separation in 2019, the Couple Quickly Filed for Divorce.
Arthur Blank is a businessman and philanthropist best known for helping launch Home Depot. He owns NFL Teams Atlanta United and Atlanta Falcons. He’s Georgia’s richest Person having a net worth of $7 Billion. According to the 2020 announcement named the new Children’s Healthcare of Atlanta Hospital would bear Blank’s name. Blank Gave $200 Million to The Building Through His Foundation. the Hospital Is Slated to Open in 2025 at Some Point. He is a good person in nature and has a good reputation.