Ernest Garcia III

Ernest Garcia III (#337)

Global Rank #337

Country Rank #133

Country United States

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

$ 10 B
Used cars
United States
M
44 Years

Snapshot

Quick Facts

Global Rank #337

Country Rank #133

Net Worth $10.2B

Previous Worth $9.6B

Worth Change +$0.6B

Country United States

Industry Used cars

Age 44 Years

Gender M

Worth As Of May 4, 2026

Residence Phoenix, Arizona

Citizenship United States

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 +$0.6B +6.3% from previous worth

Previous Net Worth $9.6B

Current Net Worth $10.2B

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.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Ernest Garcia III.

#323

Billionaires (2026)

#105

Forbes 400 (2025)

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: $10.2B (May 4, 2026)