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Arnold Clark – Billionaire

Sir Arnold Clark at Park Road (cropped).jpg

Sir John Arnold Clark (27 November 1927 – 10 April 2017) was a Scottish billionaire businessman. Clark opened a showroom in Glasgow in 1954 and found some success selling cars. He expanded his business and Arnold Clark Automobiles became a nationwide chain of motor dealerships and the largest privately owned business in Scotland. Clark kept his business family-owned for more than sixty years, remaining the chairman and chief executive. In 2016 he became the first billionaire car dealer in Britain.

Early life

John Arnold Clark was born in a tenement in Townhead, Glasgow on 27 November 1927. His father was a Clydeside shipworker. He left Dennistoun primary school aged 14 with no qualifications. He was conscripted to the Royal Air Force (RAF) towards the end of the Second World War aged 17, and worked as a Motor Mechanics Instructor. He reached the rank of corporal and would later remark that during this period his self-discipline developed as did leadership qualities.

Summary

Sir Arnold Clark
Sir Arnold Clark at his original Park Road branch in Glasgow
Born John Arnold Clark
27 November 1927
Glasgow, Scotland
Died 10 April 2017 (aged 89)
Glasgow, Scotland
Occupation businessman
Organization Arnold Clark Group
Net worth £1.025 billion (April 2016)
Spouse(s) ?
Philomena
Children 10
  • Sir Arnold made his fortune with an eponymous chain of car dealerships.
  • The company, which he founded in 1954, is now the fourth largest auto dealer in the UK.
  • The dealerships sell more than 200,000 cars per year, generating turnover north of $3.5 billion.
  • Clark passed away at his home on April 10, 2017 at age 89.

Source:

  1. wikipedia
  2. forbes

 

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