HERB CHAMBERS • Net Worth $2 Billion • House • Yacht • Private Jet • Chambers Companies

Name:Herb Chambers
Net Worth:$2 billion
Source of Wealth:the Herb Chambers Companies
Born:November 24, 1941
Children:George Chambers
Residence:Old Lyme, Connecticut, US
Private Jet:Gulfstream G500 (N142HC)

Understanding Herb Chambers: The Man Behind the Empire

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.

Key Takeaways

  • Herb Chambers is a US billionaire and the founder of the Herbert Chambers Companies.
  • After a poor experience buying a Cadillac, Chambers purchased a Cadillac dealership, marking his entry into the car dealership business.
  • The Herb Chambers Companies is a conglomerate of 60 car dealerships, selling over 55,000 cars annually.
  • Chambers owns an extensive collection of rare cars, and he has previously owned several luxury yachts, all named Excellence.
  • Chambers’ estimated net worth is around $2 billion.

The Success of Herb Chambers Companies

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.

Herb Chambers: A Passionate Car Collector

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.

The Estimated Net Worth of Herb Chambers

As per Forbes, the net worth of Herb Chambers is estimated to be around $2 billion.

Yacht Ownership: A Glimpse into Herb Chambers’ Love for Yachting

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.







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Yacht Excellence Owner

Herb Chambers

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