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#0 World Rank
Ernest Garcia, III

Ernest Garcia, III

0% | $ 0M
E. III
Rank
#0
Net Worth
$00.0B
Gender
Male
Age
43Y
Country
United States
Born On
January, 1982
Deceased
No
Relationship Status
Married
Children
1
Education

Stanford University - Bachelor Of Science In Management Science And Engineering

Designation Info :

Self-Made
No
Type
Family Wealth (Entrepreneurial)
Organization Name
Carvana
Title
Co-Founder & CEO
Source

Carvana

Industry
Automotive, Retail, E-Commerce

About E. III


E rnest Garcia III is an American billionaire entrepreneur and the co-founder and CEO of Carvana, the online-only used car retailer known for its distinctive, multi-story car vending machines. He is the son of Ernest Garcia II, the founder of the used car chain DriveTime. The younger Garcia started his career at his father's company before co-founding Carvana as a subsidiary of DriveTime in 2012.

Carvana's business model aims to disrupt the traditional used car industry by allowing customers to browse, finance, and purchase a car entirely online, with the option of having it delivered to their home or picking it up from one of the company's signature "vending machines." The company grew at a phenomenal rate and went public in 2017. The company's stock price has been extremely volatile, soaring during the pandemic and then crashing, but Garcia's large founding stake has made him, at various times, one of the wealthiest young entrepreneurs in America.

Quick Reads


  • Co-founder and CEO of the online used car retailer Carvana.
  • The company is famous for its multi-story "car vending machines."
  • Son of Ernest Garcia II, the founder of the used car chain DriveTime.
  • Carvana was initially a subsidiary of his father's company.
  • He took the company public on the NYSE in 2017.

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