Introducing the wealthiest individual in the Grand Canyon state, Ernest Garcia II, a self-made billionaire, and visionary entrepreneur.
With an estimated net worth of $8.6 billion, Garcia has made his fortune through his unwavering dedication to his business empire.
He is the founder and CEO of DriveTime, one of the largest used car dealership and finance companies in the United States, and a major stakeholder in Carvana, a rapidly growing online used car retailer.
His unparalleled business acumen and relentless drive to succeed have propelled him to the top of the Arizona business world, cementing his position as the richest man in the state.
Richest Man in Arizona
Ernest Garcia II, a successful entrepreneur, and businessman, is currently the wealthiest person in Arizona with an estimated net worth of $8.6 billion as per Forbes.
He is the founder and CEO of DriveTime and also a major stakeholder in Carvana, both companies are in the car business.
His vast wealth is a result of his business acumen and determination to succeed, which has propelled him to the top of the Arizona business community and earned him the title of the richest man in the state.
1. Ernest Garcia II – $8.6 Billion
Ernest Garcia II is a famous billionaire who is the richest person in Arizona with an estimated net worth of $8.6 billion, according to Forbes.
He is the founder and CEO of DriveTime, a used car dealership, and finance company. He also owns a large stake in Carvana, an online used car retailer.
Garcia’s wealth has been primarily generated through the success of these companies.
2. Mark Shoen – $4.7 Billion
Mark Shoen is a well-known billionaire businessman who is the second richest person in Arizona with an estimated net worth of $4.7 billion, according to Forbes.
He is the founder and chairman of the board of America’s Car-Mart, an automotive retailer that sells and finances used vehicles to customers in the southern and midwestern United States.
Shoen also serves as the chairman of the board of Ozark Motor Lines, a trucking and logistics company. He inherited his wealth from his father, who founded America’s Car-Mart.
3. E. Joe Shoen – $4.1 Billion
E. Joe Shoen is a billionaire businessman who is the third richest person in Arizona with an estimated net worth of $4.1 billion, according to Forbes.
He is the founder and chairman of the board of U-Haul International, a company that rents and sells trucks and trailers for do-it-yourself moving.
He is also the son of the founder of America’s Car-Mart, Mark Shoen. Joe Shoen is also a co-founder and former CEO of Amerco, the parent company of U-Haul.
His wealth comes from his ownership in these companies.
4. Arturo Moreno – $3.6 Billion
Arturo Moreno is a billionaire businessman who is the fourth richest person in Arizona with an estimated net worth of $3.6 billion, according to Forbes.
He is the owner of the Los Angeles Angels baseball team and is the first Mexican-American to own a major league team.
Moreno made his fortune as the founder of Outdoor Systems, an outdoor advertising company that he sold to Infinity Broadcasting (now CBS Outdoor) for $8 billion in 2000.
He has also made investments in real estate and other businesses.
5. Bob Parsons – $3.4 Billion
Bob Parsons is a billionaire businessman who is the fifth richest person in Arizona with an estimated net worth of $3.4 billion, according to Forbes.
He is the founder and executive chairman of GoDaddy, a company that provides website hosting and domain registration services. He is also a former U.S. Marine and Vietnam War veteran.
Parsons has been involved in several other business ventures, including software development, golf course design, and real estate development.
He is also a philanthropist, through the Bob & Renee Parsons Foundation, the foundation has donated millions of dollars to various charities, including education, veterans, and children welfare organizations.
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