Arnold Clark’s profile picture

Arnold Clark

Arnold Clark’s profile picture
Net worth 2018: $1.1 Billion
Industry: Automotive
BirthDay: 27 November 1927
Died On: 10/04/2017
BIOGRAPHY

Arnold Clark was bornon 27 November 1927 in United Kingdom. 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.

NET WORTH STATISTIC
2017

$1.1 Billion

2018

$1.1 Billion

TIMELINE
2016

The Sunday Times Rich List 2016 estimated that the fortune amassed by Clark and his family to be more than £1 billion, making him Britain's first billionaire car dealer

2015

He was presented with Car Dealer Magazine's Lifetime Achievement Award in 2015

2014

By 2014 his wealth was estimated at £675 million, ahead of Britain's other car dealers

2012

He remained as chairman and chief executive, thus being the company's highest paid director and was receiving almost £2 million a year by 2012

2006

In 2006 the company acquired the Harry Fairbairn BMW and Mini dealership

2005

He loaned it back to Simon Le Bon in 2005 and the yacht was often loaned to other organisations to raise money for charitable work

2004

In the 2004 New Year Honours, Clark was created a Knight Bachelor, for services to the motor industry, and for his community work in Scotland

2002

By 2002 Arnold Clark had 97 dealerships and with annual sales expected to reach £1 billion, it was considered Scotland's largest private company

1995

Clark had four sons from his first marriage, although his son Norman died in 1995 in Helensburgh at the age of 33

1980

By the late 1980s, Arnold Clark had branches across Central Scotland and one in England

1968

In 1968 took over Grant, Melrose and Tennant giving the company an accident repair centre

1963

He launched a finance company in 1963, meaning people no longer needed to involve their bank manager when purchasing vehicles from him

1960

In the 1960s Clark also expanded into the rental vehicle market

1959

He secured his first retail franchise for Morris Motors in 1959, then during the early 1960s established showrooms in Bothwell Street and also in Paisley and Bearsden

1954

Clark started buying and selling cars, opening his first showroom in 1954 in Glasgow's Park Road

1950

Clark left the RAF in the early 1950s, but was unable to find employment

1933

He used his demob money to purchase a 1933 Morris Ten-Four for £70, and after restoring it, sold it for a profit

1927

John Arnold Clark was born in a tenement in Townhead, Glasgow on 27 November 1927

1915

Clark had an "extensive collection of classic cars", including a Ford Model T Town Car (1915), a Ford Model T Coupé (1924), a Citroën Cloverleaf (1926), a Rolls Royce Park Ward Single Tourer 20hp (1928), an Austin Heavy 12 (1929)

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