Ernest Garcia Ii Net Worth (Updated 2026).
Ernest Garcia II, born and raised in Texas, began his career in the automotive industry at a young age. He started by working at his family’s car dealership, Garcia Motors, where he learned the intricacies of the business from the ground up. This hands-on experience provided him with a solid foundation in sales, customer service, and vehicle operations.
Garcia’s passion for the industry and his natural aptitude for business led him to expand his horizons. In 1997, he co-founded AutoNation, a revolutionary company that pioneered the ‘no-haggle’ pricing model, making car buying more transparent and customer-friendly. This innovative approach to car sales quickly gained traction, and AutoNation grew rapidly, becoming one of the largest automotive retailers in the United States.
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Ernest Garcia II’s Current Net Worth (2025)
As of 2025, Ernest Garcia II’s current net worth is estimated to be around $13 billion. This significant wealth is primarily attributed to his co-founding and substantial ownership in Carvana, a leading online used car retailer.
Career
Ernest Garcia II began his career in the automotive industry, working for his father’s company, DriveTime. He later co-founded Carvana in 2012, serving as the company’s CEO until 2017. Under his leadership, Carvana grew to become a publicly traded company, listed on the New York Stock Exchange.
Other Ventures
In addition to Carvana, Garcia II has invested in various other ventures. He is a co-founder of the used car subscription service, Carvana Auto, and has also invested in the electric vehicle charging network, ChargePoint.
Assets
Ernest Garcia II’s assets include a significant stake in Carvana, with over 50 million shares as of 2021. He also owns real estate properties, including a 10,000 square-foot mansion in Paradise Valley, Arizona.
Annual Income
As of 2021, Ernest Garcia II’s annual income is estimated to be around $50 million. This includes his salary from Carvana and income from his other investments and ventures.
Frequently Asked Questions about Ernest Garcia Ii
**Frequently Asked Questions: Ernest Garcia II Net Worth**
1. What is Ernest Garcia II’s net worth?
Ernest Garcia II’s net worth is estimated to be around $1.2 billion.
2. How did Ernest Garcia II make his fortune?
Ernest Garcia II made his fortune as the co-founder and CEO of Carvana, an online used car retailer.
3. What is Carvana?
Carvana is an online platform that allows customers to buy used cars entirely online, with the option to have the vehicle delivered to their doorstep or pick it up at a local hub.
4. When was Carvana founded?
Carvana was founded in 2012 by Ernest Garcia II and his father, Ernest Garcia III.
5. How old is Ernest Garcia II?
Ernest Garcia II was born in 1977, making him 45 years old.
6. Where did Ernest Garcia II grow up?
Ernest Garcia II grew up in Phoenix, Arizona.
7. Did Ernest Garcia II attend college?
Yes, Ernest Garcia II graduated from the University of Arizona with a degree in finance.
8. What other businesses has Ernest Garcia II been involved in?
Before founding Carvana, Ernest Garcia II worked at his family’s business, DriveTime, a used car dealership and finance company. He also co-founded a car subscription service called Fair.
9. Is Ernest Garcia II married?
Yes, Ernest Garcia II is married. He prefers to keep his personal life private, so not much is known about his spouse or any children.
10. What is Ernest Garcia II’s philanthropic work?
Ernest Garcia II has been involved in various philanthropic efforts, including donating to education and healthcare initiatives in Arizona. He also supports the University of Arizona’s Eller College of Management through a scholarship fund.
