Ernest Garcia, III
Founder and Chief Executive Officer, Carvana
$5.47B
as of 10/04/24
About Ernest Garcia, III
Ernest Garcia III is the CEO and cofounder of Carvana, an ecommerce platform for buying and selling used cars.
Garcia launched Carvana in 2012 as a subsidiary of DriveTime, a traditional used car business that operates 126 dealerships in 25 states.
Garcia started Carvana as a way to sell used cars directly instead of relying on middlemen; the company also offers financing services.
In 2017, the Garcias spun Carvana out of Drivetime in an IPO that raised $225 million.
His father, Ernest Garcia II, owns and runs DriveTime. He helped fund the initial development of Carvana and remains its largest shareholder.
Personal stats
Citizenship
United States of AmericaSource of wealth
used carsResidence
Phoenix, ArizonaBirth date
05/01/82 (age 42)Education
Bachelor of Science, Stanford UniversitySelf-made
inherited and growingErnest Garcia, III’s fortune is worth
91K
troy ounces of gold
84K
median U.S. household
55K
median U.S. income
0.109%
U.S. credit card volume
0.022%
GDP of the United States
0.016%
United States debt
Net worth history
Annual ranking
Did you know?
In 2018, Garcia gave $35 million worth of his personal stock to Carvana employees to commemorate the company selling its 100,000th car.
Net worth over time
Real-time ranking
Financial assets
NYSE | CVNA-US
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