Ernest Garcia III Bio | Wiki
Ernest Garcia III is a famous American businessman and the CEO and co-founder of Carvana. He has served as its President and Chief Executive Officer since our inception in 2012. Garcia was named Ernst & Young Entrepreneur Of The Year in the Mountain Desert region for the consumer technology category in 2016.
Ernest Garcia III Age | Birthday
He was born in the United States in 1982. Garcia is 41 years old.
Ernest Garcia III Height
He is a man of average stature. Garcia stands at a height of 5 ft 7 in ( approx. 1.7m ).
Ernest Garcia III Family
He was born in the United States to his parents. Garcia holds American nationality. He is the son of Ernest Garcia II. His father is a 66-year-old American billionaire businessman. He serves as the owner of DriveTime and a major shareholder of Carvana. He pleaded guilty to a felony bank fraud charge for his role in the Lincoln Savings and Loan Association collapse in 1990. Moreover, his father has a net worth of US$7.2 billion as of April 2022.
Ernest Garcia III Wife
He is a secretive person who has not shared information regarding his marital status with the public. Thus, details regarding whether he is married or engaged to someone remain away from the limelight.
Ernest Garcia III Education
He is an educated man who joined Sanford University after his high school diploma. He pursued and graduated with a bachelor’s degree in Management Science and Engineering in 2005.
Ernest Garcia III Carvana
He co-founded Carvana with his father and has served as its President and Chief Executive Officer since its inception in 2012. He is also Chairman of the Carvana Co. Board. He was included in Fortune’s 40 Under 40 list in 2017 along with Carvana’s co-founders. Before Carvana, he held various roles at the DriveTime Automotive Group, Inc. from January 2007 to January 2013.
He first worked as a financial strategist from January 2007 to December 2008 and then became a managing director of corporate finance from December 2008 to November 2009. Before leaving the firm in January 2013, he worked as a Vice President and Treasurer and Director of Quantitative Analytics. During his tenure, he was responsible for the firm’s ongoing development of consumer credit scoring models, and its utilization of those tools in retail vehicle sales deal structuring and vehicle price optimization.
His career kicked off as an associate in the Principal Transactions Group at RBS Greenwich Capital from 2005 to 2006. While at the firm, he focused on consumer credit-based investments. As per the Bloomberg Billionaires Index, his wealth dropped 98% in 2022 as Carvana’s stock price continued to fall amid bankruptcy concerns. Additionally, he was named Ernst & Young Entrepreneur Of The Year in the Mountain Desert region for the consumer technology category in 2016.
Ernest Garcia III House
He resides in Phoenix, Arizona. However, Garcia has not shared detailed information regarding his house and the features it holds.
Ernest Garcia III Net Worth
Garcia is a noted businessman who has worked at DriveTime, RBS Greenwich Capital, and Carvana. Thus, there is no doubt he has attained decent wealth. His net worth is $3.2 Billion.
How Did Ernest Garcia Make His Money
He attained his fortune by working for DriveTime in the 1990s and then purchased a rental car company called Ugly Duckling out of bankruptcy. He was then able to merge the operation with a financing company, he built a financier of used cars for subprime borrowers.
Where Does Ernest Garcia III Live
He lives in Phoenix, Arizona.
Who Is Ernest Garcia III
He is a 41-year-old businessman who co-founded Carvana and has served as its President and Chief Executive Officer since its inception in 2012. He is also Chairman of the Carvana Co. Board. He was included in Fortune’s 40 Under 40 list in 2017 along with Carvana’s co-founders. Before Carvana, he held various roles at the DriveTime Automotive Group, Inc. from January 2007 to January 2013. In addition, he has a net worth of $3.2 Million attained from his used cars business.