ARTHUR BLANK • Net Worth $8 billion • House • Yacht • Private Jet • Home Depot

Name:Arthur Blank
Net Worth:$8 billion
Source of Wealth:Home Depot
Born:September 27, 1942
Wife:Angela Macuga
Children:Kylie Blank, Dena Blank, Danielle Blank, Joshua Blank, Max Blank, Kenny Blank
Residence:Atlanta, Georgia, USA
Private Jet:Bombardier Global 6000 (N611BF), Bombardier Global 7500 (N62LV), Gulfstream G-IV (N207AA)

Arthur Blank, born in September 1942, is an emblematic figure in the American business landscape, renowned for co-founding the Home Depot, a revolutionary venture in the home improvement industry. His business portfolio extends beyond retail, encapsulating prominent sports franchises such as the Atlanta Falcons and Atlanta United FC. Together with his wife, Angela Macuga, Blank’s family includes six children: Kylie Blank, Dena Blank, Danielle Blank, Joshua Blank, Max Blank, and Kenny Blank. Through his commitment to customer service and value, he nurtured Home Depot into a global retail titan valued at US$ 200 billion.

Key Takeaways

  • Arthur Blank is the co-founder of Home Depot, growing the company into a global retail giant with a value of US$ 200 billion.
  • Blank expanded his business portfolio to include the Atlanta Falcons and Atlanta United FC, significantly impacting the American sports industry.
  • Through the AMB Group, Blank runs diverse businesses, including the PGA Tour Superstore and the Mountain Sky Guest Ranch.
  • His journey underlines the importance of customer satisfaction, innovation, and an enduring entrepreneurial spirit.

The Home Depot: Pioneering the Home Improvement Industry

The Home Depot, an American giant in the home improvement retail sector, provides a vast range of construction products, appliances, and tools. With over 2,000 stores and 400,000 employees, it proudly stands as the largest home improvement retailer in the United States. In 2017, the company’s revenue exceeded US$ 100 billion, reflecting a net profit of US$ 8.6 billion.
This remarkable journey began in 1978 when Arthur Blank and Bernard Marcus, both previous employees at another home improvement company, decided to create their own venture. Their dismissal from the former company did not deter their spirit, instead, it ignited a spark that transformed the home improvement industry. With financial support from investment banker Ken Langone, they launched a retail concept that centered around customer satisfaction and respect for people, eventually becoming billionaires in the process.

The Home Depot’s warehouse concept was groundbreaking, with stores significantly larger than competitors, making shopping for home improvement products a more comfortable and satisfying experience. The company’s rise was meteoric, and within a few years of the first store’s opening, it became public on the NASDAQ. The Initial Public Offering raised a staggering US$ 4 billion, which facilitated further expansion. In 2001, Blank retired as Chairman, shifting his focus towards sports investments and philanthropy.

Atlanta Falcons: A Journey Into American Football

Blank ventured into the sports industry in 2002 by acquiring the Atlanta Falcons for US$ 545 million. The franchise is now valued at over US$ 2 billion. Competing in the National Football League, the Falcons sport the colors red, black, silver, and white. Under the leadership of President and CEO Rick McKay and head coach Dan Quinn, the Falcons have made appearances in two Super Bowls.
The team’s home turf is the illustrious Mercedes-Benz Stadium in Atlanta, Georgia, opened in 2017. The state-of-the-art venue is owned by Blank and also hosts his Major League Soccer franchise, Atlanta United.

Atlanta United: Scoring Goals in Major League Soccer

Blank’s sports empire expanded in 2014 with the founding of Atlanta United FC, an American professional soccer club that competes in Major League Soccer. Under the guidance of former Ajax defender, Frank de Boer, Atlanta United has rapidly gained a significant value of over US$ 300 million.

AMB Group: Blank’s Diverse Business Ventures

The Blank Family of Businesses, under the umbrella of the AMB Group, includes the PGA Tour Superstore and the Mountain Sky Guest Ranch. The PGA Tour Superstore, the premier golf retailer in the US, boasts more than 30 locations nationwide, providing golf enthusiasts with a wide range of golf gear including shoes, golf clubs, and more. The stores are equipped with high-tech simulators for practice sessions, lessons, club fittings, and leagues, further enhancing the shopping experience.

Blank’s portfolio also includes the Mountain Sky Guest Ranch, a luxury resort nestled in the heart of Yellowstone Country, on 17,000 acres of unspoiled wilderness. The ranch offers upscale lodging and dining experiences, complemented by a range of activities including horse riding, hiking, fly-fishing, and golf.

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Arthur Blank

Arthur Blank

Angela Macuga Blank

Arthur Blank

Arthur Blank Net Worth

His net worth is estimated at $8 billion. He is said to own 1.5% of the shares in Home Depot. Which represents a value of more than US$ 3 billion. The company’s market capitalization is more than US$ 200 billion.

With his 17 million shares he receives an annual dividend of US$ 70 million.


He is an active philanthropist through his Arthur M Blank Family Foundation.

The foundation promotes positive change in peoples’ lives and builds and enhances the communities in which they live.

He has given more than US$ 360 million to education, art, childhood development, and nature.

In 2012 he signed the Giving Pledge, committing to give half of his wealth away to good causes.

In 2015 he founded the Molly Blank Fund, named after his mother who died at the age of 99. The foundation focuses at youth, art and culture.

The Arthur M. Blank Center for Entrepreneurship at Babson College supports emerging entrepreneurs. By giving access to events, workshops, mentoring and competitions. That enable them to test and refine their founder skills.

Blank Family Members

Blank was married three times. His current wife is Angela Macuga. But a divorce was announced in early 2019. He has 6 children. Daughters Kylie Blank, Dena Blank, Danielle Blank, and sons Joshua Blank, Max Blank, and Kenny Blank. Dena Blank is a director at the family’s foundation.


Yacht dreAMBoat

He is the owner of the $180 million Oceanco yacht dreAMBoat. The AMB is written in capitals and is a reference to himself: Arthur M. Blank.

The Dreamboat Yacht, originally known as Project Y716, was built by the renowned yacht builder Oceanco.

The yacht’s striking exterior was designed by esteemed yacht designer Espen Oeino, while the luxurious interior is the work of Terence Disdale.

The Dreamboat can accommodate 23 guests and has a dedicated crew of 33, providing a top-tier yachting experience.

Two MTU engines power the yacht, and her cruising and top speed are 12 and 16 knots, respectively.