- Name: Arthur Blank
- Current Age: 79
- Occupation(s): Businessman, Philanthropist
- Date of Birth: September 27, 1942
- Place of Birth: Sunnyside, New York, USA
- Nationality: American
- Parents: Max Blank and Molly Blank
- Siblings: Michael Blank
- Spouse: Angela Macuga
- Children: Dena Blank Kimball, Danielle Blank Thomsen, Joshua Blank, Max Blank
- Net Worth: $8.5 billion (2024)
- Source of Wealth: Co-founder of The Home Depot, Owner of Atlanta Falcons
- Ventures: AMB Group, PGA Tour Superstore
- Ethnicity: Jewish-American
Early Life and Education
Arthur Morris Blank was born on September 27, 1942, in Flushing, New York, to Max and Molly Blank. He grew up in a Jewish family with an older brother named Michael. Blank graduated from Stuyvesant High School in New York City and went on to earn his MBA from Harvard Business School.
Career at Home Depot
After working at Arthur Young and Company and Daylin Corporation, Blank co-founded The Home Depot in 1978 with Bernard Marcus. The store revolutionized the home improvement industry with its one-stop shopping concept. Blank spent 19 years as the company’s president and later became CEO. He retired as co-chairman in 2001 after achieving billionaire status.
Ownership of Sports Teams
In 2002, Blank purchased the Atlanta Falcons of the NFL. He also acquired the Georgia Force of the Arena Football League, which he relocated to Atlanta. Blank later founded Atlanta United FC in Major League Soccer, which won the 2018 MLS Cup. He is the Chairman of AMB Group LLC, the parent company of both teams.
Philanthropy and Giving
Blank is known for his philanthropic efforts through The Arthur Blank Family Foundation. In response to the COVID-19 pandemic, his foundation donated nearly $5.4 million to aid the response in Georgia and Montana. He also donated $200 million to the new Children’s Healthcare of Atlanta hospital, which will be named after him.
Personal Life and Legacy
Arthur Blank has been married and divorced three times. He has six children from his marriages. Blank owns Mountain Sky Guest Ranch and West Creek Ranch in Montana, as well as several PGA TOUR Superstores. In 2016, he announced that he had been treated for prostate cancer and was declared cancer-free after treatment.
Conclusion
Arthur Blank is a successful businessman, sports team owner, and philanthropist known for his contributions to the community. His impact on the home improvement industry with The Home Depot, as well as his ownership of the Atlanta Falcons and Atlanta United FC, have solidified his legacy in both business and sports. Through his charitable efforts, Blank continues to make a positive impact on society.
Financial Insights:
Arthur Blank’s net worth is estimated at $8.5 billion in 2024. His primary sources of income include his ownership stake in The Home Depot and the Atlanta Falcons. Blank’s savvy business acumen and strategic investments have contributed to his wealth accumulation over the years.
Factors contributing to Blank’s wealth include the continued success of The Home Depot, which remains a dominant force in the home improvement industry. Additionally, his ownership of the Falcons has increased in value, driven by the team’s on-field performance and brand recognition.
Insights and Expert Opinions:
Blank’s philanthropic efforts have also been noteworthy, with significant contributions to education, healthcare, and community development. His commitment to giving back has earned him praise for his dedication to making a positive impact beyond the business world.
Sources:
- Forbes
- The Home Depot
- Atlanta Falcons
