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.
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 |
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