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

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.


$1.1 Billion


$1.1 Billion


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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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