| Name: | Herb Chambers |
| Net Worth: | $2 billion |
| Source of Wealth: | the Herb Chambers Companies |
| Born: | November 24, 1941 |
| Age: | |
| Country: | USA |
| Wife: | n/a |
| Children: | George Chambers |
| Residence: | Old Lyme, Connecticut, US |
| Private Jet: | Gulfstream G500 (N142HC) |
| Yacht | Excellence |
Herb Chambers, a well-respected billionaire hailing from the United States, is best known as the founder of the Herbert Chambers Companies. Born in November 1941, Chambers ventured into the car dealership business at the age of 42 after selling his copy business, A-Copy America, for a significant US$ 80 million.
Fueled by a subpar experience while purchasing a Cadillac car, Chambers embarked on a mission to redefine the car-buying experience. This vision led to his first foray into the automotive industry, starting by acquiring a Cadillac dealership. Beyond cars, Chambers has an affinity for luxury yachts and is the proud owner of the Abeking & Rasmussen yacht Excellence VI.
He divorced his wife after a 13-year marriage. The former couple has a son George Chambers. George Chambers is general manager at Herb Chambers Porsche in Boston. Herb is now living together with his longtime girlfriend Melissa Lees.
The Herb Chambers Companies is an impressive conglomerate of 60 car dealerships, selling over 55,000 cars each year, including used vehicles. The group represents some of the world’s most renowned car brands, such as Cadillac, Lexus, BMW, Porsche, Mercedes, Rolls Royce, Maserati, and Bentley. The group, employing over 2,400 individuals, ranks as the 5th largest car dealership in the USA and records annual sales surpassing US$ 2 billion.
Georgia-based Asbury Automotive Group will purchase Herb Chambers Companies, the prominent New England automotive retailer, in a transaction valued at approximately $1.34 billion. The deal encompasses 33 dealerships, 52 franchises, and three collision centers located across Massachusetts and Rhode Island, and is projected to be finalized by the end of this year.
This development brings to a close the long-standing stewardship of Herb Chambers, who acquired his first dealership in New London, Connecticut, in 1985. Under his leadership, Herb Chambers Companies expanded considerably, ultimately ranking as the 14th largest private automotive retail group in the United States. After the sale, Herb Chambers will serve as Special Advisor to Asbury Automotive Group while retaining ownership of the Mercedes-Benz of Boston dealership in Somerville.
Chambers, now 83, spoke about the transaction by expressing both pride in his organization’s legacy and confidence in Asbury’s ability to continue the company’s successes. Included in the $1.34 billion purchase price is $750 million allocated to the firm’s established reputation (goodwill) and approximately $590 million attributed to real estate and property enhancements.
Herb Chambers Companies employs over 2,200 individuals and generated $2.9 billion in revenue last year, according to the announcement. Meanwhile, Asbury Automotive Group—a Fortune 500 business—operates a sizable network of new vehicle dealerships, representing both domestic and international brands. The company additionally owns Total Care Auto, a car insurance provider, and manages 37 collision repair centers.
In addition to selling cars, Chambers is an avid car collector, boasting an impressive collection of rare vehicles. These include a Bugatti Veyron, a Porsche 959, a 1955 Mercedes 300L Gullwing, and a Ferrari Daytona Spider. Notably, in 2017, he sold a McLaren F1 for an astounding $16 million.
As per Forbes, the net worth of Herb Chambers is estimated to be around $2 billion.
Mr. Chambers’ love for luxury extends to yachts, having owned several yachts, all aptly named Excellence. His penchant for yachts is such that he prefers those below 60 meters (180 ft) as they can comfortably berth in Port Gustavia, St Barths. The latest addition to his collection is the Excellence VI, which replaced Excellence V when she was sold to Bill Miller and renamed Arience.
The yacht formerly known as Excellence IV never sailed under this name and was sold before delivery. This vessel is now known as Eminence, owned by Alexander Khloponin. Other yachts in his collection include Excellence III, a 57-meter yacht built by Abeking and Rasmussen in 2001, now named DREAM, and Excellence II, a 47-meter Feadship built in 1999, currently known as Princess TOO.
Furthermore, Chambers also owns an OverMarine Mangusta 94, built in 2018, and a Feadship 150′ ‘SEA RACER’ — both aptly named Excellence.
https://www.herbchambers.com/about-
https://en.wikipedia.org/wiki/HerbChambers
https://www.forbes.com/profile/herbchambers
https://en.wikipedia.org/wiki/The_HerbChambers_Companies
https://www.merlewood.com/excellence-
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Chambers lives with his girlfriend Melissa Lees in a large house in Old Lyme, Ct. The house has a helicopter landing platform. For Chambers’ private Bell 429 helicopter (N429HC).
He uses the helicopter to commute to his corporate headquarters. (See also the movie above, which features Chambers’ helicopter).
Old Lyme, a quaint town located in Connecticut, is steeped in New England charm and rich history. Nestled on the eastern bank of the Connecticut River, it offers a serene retreat with picturesque landscapes that have long been a muse for artists, particularly impressionists. The town’s artistic heritage is evident at the Florence Griswold Museum, an essential landmark featuring American Impressionist artwork.
Nature enthusiasts find a haven in Old Lyme’s diverse habitats, from tranquil riverfronts to beautiful coastal marshes at the Great Island Wildlife Area. The Lyme Art Association’s galleries and art classes further contribute to Old Lyme’s cultural fabric. Historical architecture, including the late 19th-century houses, adds to its allure. The town’s Lyme Academy of Fine Arts provides quality art education, reinforcing Old Lyme’s reputation as an art hub.
Proximity to beautiful beaches and Connecticut’s larger cities make Old Lyme an excellent place for both residence and visit. The local cuisine, marked by fresh seafood, enhances the overall experience. Ultimately, Old Lyme, CT is a fusion of culture, history, and nature’s charm, providing a rich, immersive experience to all who visit or reside here.
He is the owner of the yacht Excellence and has in fact owned many yachts, all with the same name.
Herb Chambers’ yacht Excellence is an 80-meter motor yacht designed by Andrew Winch Design.
Excellence has a distinctive reverse bow and boasts sleek lines and a modern silhouette.
The yacht is equipped with MTU 12V4000 engines and has a range of over 4,000 nautical miles.
Excellence can accommodate 14 guests and a crew of 20, and offers amenities such as a cinema, a gym, a spa, and an outdoor swimming pool.
Chambers has owned a total of 6 private jets, all with registration N142HC. His first aircraft was a LearJet 45 built in 2001. Then he owned a Gulfstream GIV (2003), a G450 (2005), another G450 (2013), a Bomberdier Global 5000 (2015), and since 2021 he owns a Gulfstream G500.
A Bombardier Global 5000 has a list price of $30 million. Chambers also owns a Bell 429 helicopter, built in 2010 (N429HC).
The Bombardier Global 5000 is a large, ultra-long-range business jet produced by Bombardier Aerospace. It is part of Bombardier’s Global family of aircraft, which includes the Global 7500, Global 6000, and Global Express models. The Global 5000 has a range of approximately 5,200 nautical miles (9,630 km) and can carry up to 19 passengers. It is powered by two Rolls-Royce BR710-A2-20 turbofan engines, which provide a maximum speed of Mach 0.89 (590 mph or 950 km/h) and a maximum altitude of 51,000 feet (15,545 meters).
The cabin of the Global 5000 is designed for comfort and luxury, with a spacious interior that can be configured to meet the needs of individual owners. The cabin features a full galley, a private lavatory, and a range of in-flight entertainment options, including high-speed internet and satellite TV. The Global 5000 is a popular choice among business and VIP travelers who require a long-range aircraft with exceptional performance, comfort, and luxury. It is also used for government and military applications, including transportation of high-ranking officials and medical evacuation missions. The list price for a new Global 5000 is estimated to be around $50 million.
UPDATE
He now owns a 2019 Gulfstream G500 (N142HC).
The Gulfstream GVII-G500 is an impressive feat of aviation technology, reflecting the ongoing innovation of the acclaimed Gulfstream Aerospace Corporation. This business jet stands out with its superior performance, comfort, and cutting-edge technology. The G500, a part of Gulfstream’s long-range family of aircraft, is capable of flying at a high-speed cruise of Mach 0.90, allowing expedited travel across continents. With a maximum operating altitude of 51,000 feet, it soars above commercial air traffic and atmospheric disturbances. The aircraft’s remarkable range of 5,200 nautical miles makes long-distance journeys such as New York to Moscow non-stop possible. Inside, the G500 offers a spacious and luxurious cabin environment equipped with advanced noise reduction techniques, enhancing passenger comfort. The technologically advanced cockpit includes Gulfstream’s Symmetry Flight Deck™, a touchscreen avionics suite that improves safety and reduces pilot workload. Moreover, the G500’s award-winning design features panoramic windows and handcrafted seats. Economically, the G500 is designed to be cost-efficient, with lower maintenance costs compared to similar business jets. Ultimately, the Gulfstream G500 represents the epitome of luxury air travel, combining performance, comfort, and efficiency.
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Super Yacht Owners Database 2025
