Herb Chambers

$2.72B
as of 10/04/24

About Herb Chambers

Herb Chambers dominates the New England auto sales market, with 60 dealerships selling brands such as BMW, Mercedes Benz, Audi, Lexus and Porsche.

Chambers grew up in Boston's working-class Dorchester neighborhood, where he got his first job as a cart collector at the local supermarket.

He dropped out of high school during his senior year and joined the U.S. Navy.

After returning, he borrowed $500 from his mother to start his first company, a copy distributor, which he sold for $80 million in 1983.

Chambers then stumbled into the car sales business, purchasing a Cadillac dealership that had given him poor service.

Personal stats

Citizenship

United States of America

Source of wealth

Car dealerships

Residence

Boston, Massachusetts

Marital status

Single

Birth date

01/01/42 (age 82)

Self-made

self-made

Herb Chambers’s fortune is worth

45K

troy ounces of gold

42K

median U.S. household

27K

median U.S. income

0.054%

U.S. credit card volume

0.011%

GDP of the United States

0.008%

United States debt

Net worth history

Annual ranking

Did you know?

Chambers rides his helicopter when commuting from Connecticut to his Somerville, Massachusetts headquarters.

Net worth over time

Real-time ranking

Images © Forbes.com. All rights reserved.