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Business News: How Arthur Blank, Owner of the Atlanta Falcons Made his Billions
If you are like many of our Georgia-based businesses, you are looking to make it big, just like Arthur Blank, the owner of the Superbowl-bound Atlanta Falcons. But do you know how he obtained his wealth?
The Atlanta Falcons have not competed in a Superbowl for nearly two decades and many are attributing their success to owner, Arthur Blank. So who is Arthur Blank?
- He cofounded the Home Depot with billionaire Bernie Marcus in 1978.
- Today, Home Depot has more than 2,200 stores and is the fourth largest retailer overall in North America.
- Home Depot has a market cap of $165 billion
- Blank retired in 2001 with a 1.5% stake in the company. (That’s 34 million shares!)
- In 2002, Blank bought the Falcons for $545 million. (That was a great investment! The team is now worth $2.13 billion.)
- Blank also has stakes in the PgA’s network of retail stores, an MLS soccer team, and the Mercedes Benz Stadium in Atlanta.
“I’m a very competitive person — probably one of the most competitive you’ll ever meet,” Blank told Forbes in October. But he has also described himself as a “servant-leader.” “I’m of the mentality of…service, volume, and taking care of the people that we’re serving.”
The Atlanta Falcons are going to the Superbowl after beating the Green Bay Packers 44-21 Sunday.
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