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 AmericaSource of wealth
Car dealershipsResidence
Boston, MassachusettsMarital status
SingleBirth date
01/01/42 (age 82)Self-made
self-madeHerb 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
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