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:
|1||Sir Arnold Clark and family||£1,025||+£350m|
|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|
|13||Terry Lister and family||£120||+/-£0m|
|14||David and Betty Carr||£106||+£3m|
|15||Guy Harwood and family||£105||New|
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