Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says ‘If your tariff was 0%, there’s no need to commit fraud’: The White House is sounding off on a $112 billion tariff-dodging scheme it made worse U.S. stocks fall after Iran says Strait of Hormuz will remain shut Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf Gordan Chang – “China Is Broke – Rulers Are Desperate – Bad Things Are Going to Happen” American Airlines will stop upgrading elite flyers to business from coach on long domestic flights Does Africa still back Infantino as Fifa president? A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon.

Ernest Garcia III

Ernest Garcia III

Ernest Garcia III (#321)

Global Rank #321
Country Rank #130
Country United States

Ernest Garcia III is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 11 B
  • Used cars
  • United States
  • M
  • 44 Years

Snapshot

Quick Facts

Global Rank #321
Country Rank #130
Net Worth $10.8B
Previous Worth $11.5B
Worth Change -$0.7B
Country United States
Industry Used cars
Age 44 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 17 Aug 2026, 12:00 AM
Residence Phoenix, Arizona
World Billionaires List United States Billionaires Used cars

Profile Data

Personal Stats

Age 44
Source Of Wealth Used cars
Self Made Score 5
Philanthropy Score 1
Residence Phoenix, Arizona
Citizenship United States
Education Bachelor of Science, Stanford University
Net Worth Change -$0.7B -6.1% from previous worth
Previous Net Worth $11.5B
Current Net Worth $10.8B

Worth as of May 4, 2026

About Me

Ernest Garcia III is the cofounder and CEO of Carvana, an ecommerce platform for buying and selling used cars. Garcia launched Carvana in 2012 as a subsidiary of DriveTime, a traditional used car business that operates 149 dealerships in 29 states. Garcia started Carvana as a way to sell used cars directly instead of relying on middlemen; the company also offers financing services. In 2017, Carvana spun out of Drivetime in an IPO that raised $225 million. Garcia's father, Ernest Garcia II, owns and runs DriveTime. He helped fund the initial development of Carvana and remains its largest shareholder.

Insights

Did You Know?

In 2018, Garcia gave $35 million worth of his personal stock to Carvana employees to commemorate the company selling its 100,000th car.

Wealth Growth

Net Worth Growth Over Time

Tracking Ernest Garcia III's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $10.8B (May 4, 2026)

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