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Sir Arnold Clark becomes ‘first billionaire car dealer’

Time 5 years ago

SIR Arnold Clark has become the ‘first billionaire car dealer’, according to the Rich List 2016 published by the Sunday Times. 

The 88-year-old’s family is reported to be worth more than £1bn, having risen £350m in the past year.

The Glasgow-based firm, Arnold Clark Automobiles, was founded in 1954 and profits reached a record value of £107.2m in 2014 on sales of £3.2bn.

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Other family assets include the yacht Drum, once owned by Simon Le Bon. Sir Arnold was knighted in 2004.

He’s not the only dealer on the rich list – Sir Arnold and his family are worth twice as much as Lord Edmiston, 69, the second-wealthiest car dealer. Edmiston is followed closely by Geoffrey Warren and Jack Tordoff.

As published by the Sunday Times, here’s the list of wealthiest car dealers in the UK:

Rank Name Worth £m Rise/Fall
1 Sir Arnold Clark and family £1,025 +£350m
2 Lord Edmiston £540 +£68m
3 Geoffrey Warren £450 +£50m
4 Jack Tordoff and family £383 +£15m
5 Tony Bramall and family £210 +£2m
6 Sir Michael Marshall and family £210 New
7 Keith Bradshaw and family £190 +£10m
8 Sir Peter Vardy and family £170 -£5m
9 Sir Colin Giltrap £168 -£1m
10 Michael Hunt and family £154 New
11 Douglas Park and family £146 +£14m
12 Derek Hood £120 +£20m
13 Terry Lister and family £120 +/-£0m
14 David and Betty Carr £106 +£3m
15 Guy Harwood and family £105 New
16 John Collins £103 New
17 Graham Dacre £103 +£1m

MORE: Dieselgate: VW reports £3.2 billion operating loss

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