Ernest Garcia II
$21.06B
as of 08/18/26
About Ernest Garcia II
Ernest Garcia, II is the biggest shareholder of Carvana, an online platform for selling used cars and making auto loans that conducted an IPO in 2017.
Garcia II also owns and runs DriveTime Automotive, one of the nation's biggest used car retailers.
Garcia's son, Ernest Garcia III, founded Carvana as a subsidiary of DriveTime and later spun it out.
In 1990 when he was 33, Garcia II pled guilty to a bank fraud charge related to his dealings with Lincoln Savings & Loan.
Personal stats
Citizenship
United States of AmericaSource of wealth
Used carsResidence
Tempe, ArizonaMarital status
MarriedBirth date
05/21/57 (age 69)Education
Drop Out, University of ArizonaSelf-made
self-madeErnest Garcia II’s fortune is worth
351K
troy ounces of gold
324K
median U.S. household
211K
median U.S. income
0.421%
U.S. credit card volume
0.084%
GDP of the United States
0.062%
United States debt
Net worth history
Annual ranking
Did you know?
Garcia II dropped out of school before graduating to become a stockbroker and eventually turned to real estate development in Phoenix.
Net worth over time
Real-time ranking
Financial assets
NYSE | CVNA-US
CarvanaImages © Forbes.com. All rights reserved.