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Arthur Blank

Arthur Blank
Arthur Blank
Born (1942-09-27) September 27, 1942
Sunnyside, New York
Alma mater Babson College (B.S.B.A.)
Occupation Home Depot co-founder, Atlanta Falcons owner, businessman
Net worth US$2.6 billion (August 2015)[1]
Spouse(s) Diana J. Blank (divorced)
Stephanie V. Blank (divorced)
Partner(s) Angela Macuga
Children with Diana Blank:
--Kenny Blank
--Dena Blank
--Danielle Blank
with Stephanie Blank:
--Max Blank
--Kylie Blank
--Josh Blank
Website .org.blankfoundationwww

Arthur M. Blank (born September 27, 1942) is an American businessman and a co-founder of The Home Depot.[2] Today he is known for his philanthropy and his ownership of the Atlanta Falcons in the National Football League.[3]

Contents

  • Early life 1
  • Working life 2
  • Sports ownership 3
  • Current life 4
  • Personal life 5
  • Philanthropy 6
  • Honors 7
  • References 8
  • External links 9

Early life

Arthur Blank was born to a Jewish[4] family, in Queens, New York,[5] with his father, Max, his mother, Molly, and his older brother, Michael. Blank graduated from Stuyvesant High School in New York City[6] and went on to attend Babson College, where he graduated in three years in 1963 with a B.S. degree in business administration and accounting. He also received an honorary degree from Furman University.

Working life

After graduating from Babson College, Blank was hired by Arthur Young and Company, where he was a senior accountant. He later joined the Daylin Corporation, where he rose to become president of Elliott's Drug Stores/Stripe Discount Stores, a division of Daylin. When Daylin decided to sell off that division, Blank moved to another division, Handy Dan Home Improvement Centers. Bernard Marcus was CEO of Handy Dan and Blank was vice president of finance when both were fired in 1978 as part of an internal power struggle.

In 1978, Blank co-founded Home Depot with Marcus. New York investment banker Ken Langone assembled the initial group of investors. The store revolutionized the home improvement business with its warehouse concept and Blank and Marcus became billionaires as a result. Blank spent 19 years as the company's president before succeeding Marcus as CEO. Blank retired from the company in 2001 as co-chairman.

Sports ownership

In February 2002, Blank purchased the Gwinnett County.

Blank has expressed serious interest in purchasing other franchises. In early 2006, he temporarily withdrew from contention as a potential buyer of the Major League Baseball team Atlanta Braves. Some months later, Blank re-entered serious talks with Time Warner and a report indicated that a sale was imminent.[7] However, in February 2007, the Braves completed the sale of the team to Liberty Media. Blank has also founded an expansion MLS franchise named "Atlanta United FC" to begin play in 2017.[8] The club will share Mercedes-Benz Stadium with the Falcons.

Current life

Blank is the Chairman, President, and CEO of AMB Group, LLC, and chairman of The Arthur Blank Family Foundation.[9] He serves on the Board of Trustees of Emory University and the boards of Staples and Cox Enterprises. In 2011, Blank was the recipient of the Freeing Voices, Changing Lives award from the American Institute for Stuttering. Blank was inducted into the Junior Achievement U.S. Business Hall of Fame in 2006, and in 2005 he was named National Entrepreneur Of The Year by Ernst & Young LLP. In 2003, for the second time in three years, Blank was named Georgia's Most Respected CEO by Georgia Trend magazine.

Personal life

Blank has been married and divorced twice. He has three children with his first wife, Diana J. Blank (born 1942): Kenny, Dena, and Danielle.[10][11] In 1995, he married his second wife, Blowing Rock, North Carolina native and Appalachian State University graduate Stephanie V. Blank (born 1968).[12] She worked as a designer at a Home Depot store in Atlanta where she met her husband.[12] They have three children Joshua Blank, Max Blank, and Kylie Blank.[13] Blank is engaged to Angela Macuga[14] who has three children from a previous marriage.[14][15][16] A strong believer in work-life balance, Blank still makes time daily for working out and spending time with his children. He also owns Mountain Sky Guest Ranch in Emigrant, Montana; and PGA TOUR Superstores.

Philanthropy

Blank is a signatory of The Giving Pledge committing himself to give away at least 50% of his wealth to charitable causes.[17]

Honors

In 2014, he was inducted as a Georgia Trustee. The honor is given by the Trustees, which governed the Georgia colony from 1732 to 1752.

References

  1. ^ http://www.forbes.com/profile/arthur-blank/
  2. ^ "Our History". homedepot.com. The Home Depot. Retrieved 8 January 2011. 
  3. ^ "ARTHUR BLANK - OWNER AND CEO". atlantafalcons.com. Retrieved 8 January 2011. 
  4. ^ "Atlanta's new Jewish life - Israel Jewish Scene, Ynetnews". Ynetnews.com. 1995-06-20. Retrieved 2012-01-25. 
  5. ^ "International Civil Rights Walk of Fame". 
  6. ^ "Arthur Blank - Owner and CEO - Biography". Archived from the original on 2007-12-17. Retrieved 2007-11-01. 
  7. ^ [2]
  8. ^ http://www.si.com/planet-futbol/2015/06/25/atlanta-united-fc-mls-expansion-2017
  9. ^ "AMB Group names key executives". Atlanta Business Chronicle. 20 June 2001. Retrieved 8 January 2011. 
  10. ^ Reference for Business: "Arthur Blank" retrieved October 18, 2014
  11. ^ National Parks Conservation Association: "The Visionaries - Diana J. Blank" retrieved October 18, 2014
  12. ^ a b Point's North magazine: "Stephanie Blank" May 2010
  13. ^ Daily Mail: "Billionaire owner of Atlanta Falcons is served with divorce papers as he watches 2013 Super Bowl minus his NFL team" February 3, 2013
  14. ^ a b Saporta Report: "Arthur Blank says purchasing soccer team for Atlanta is ‘close to his heart’" April 17, 2014
  15. ^ Kenly News: "DWIGHT PARRISH" July 2014 Obituaries
  16. ^ Legacy.com: "Andrew Macuga" May 28, 2007
  17. ^ Jewish Voice New York: "Jewish Billionaires Join Group Pledging Majority of Their Wealth to Charity" by Sholom Schreiber April 25, 2005

External links

  • Forbes profile
Business positions
Preceded by
Bernard Marcus
CEO of Home Depot
1997–2000
Succeeded by
Robert Nardelli
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