Donald Foss

$1.88B

as of 08/26/22

About Donald Foss

Donald Foss is the founder and former chairman of subprime auto lender Credit Acceptance Corp.

He launched the company in 1972 and was one of the first to offer loan programs that help dealers sell cars to customers with poor or no credit.

Foss ran Credit Acceptance as CEO for three decades, taking it public in 1992.

In early 2017 he stepped down as director of the company and retired.

Personal stats

Citizenship

United States of America

Source of wealth

auto loans

Birth date

06/18/44

Number of children

Self-made

self-made

Donald Foss’s fortune is worth

31K

troy ounces of gold

29K

median U.S. household

19K

median U.S. income

0.038%

U.S. credit card volume

0.008%

GDP of the United States

0.006%

United States debt

Net worth history

Annual ranking

Did you know?

Foss learned the trade from his father, who owned a used-car dealership in Detroit.