Being the owner of a professional franchise has got to be the coolest job out there. It’s every guy’s fantasy. First off, to have the money to be able to buy a team is the ultimate sign that you’ve made it in life because those things do not come cheap. What has to be even better than just owning a professional sports team is having a team that’s successful, which is exactly what is going on with Arthur Blank and his Atlanta Falcons. After whooping on the Green Bay Packers in the NFC Championship game, Blank’s Falcons are headed to the franchise’s second Super Bowl and are looking to take home football’s top prize. It’s good to be Arthur Blank right now, essentially sitting on top of the world with more money than he could ever dream of having. That brings up this question: How much is NFL owner Arthur Blank really worth?
Arthur Blank Net Worth as of 2017: $3.3 Billion
Needless to say, Mr. Blank isn’t doing too bad financially. Let’s take a look and see how he accumulated this level of wealth.
1963 – 1978
After he graduated from Babson College in 1963, Blank went to work for Arthur Young and Company as a senior accountant. Eventually, he would join the Daylin Corporation, which is where he became the president of Elliott’s Drug Stores/Stripe Discount Stores. Blank would then move on to the Handy Dan Home Improvements Centers division of the company, where he was the vice president of finance to then CEO Bernard Marcus. Both Blank and Marcus were fired from the company in 1978, but that turned out to be probably the best thing to happen to both men.
1978 – 2001
After Blank and Marcus were both fired, they took their experience in the home improvement business and founded Home Depot. Blank would go on to work for Home Depot until 2001 and served as the company’s president and CEO, where he accumulated 95% of his wealth. He decided to retire from the company in 2001 and probably could have been set for life at that point, but the following year he decided to dive into another huge business investment.
2002 – 2017
With the fortune he made from Home Depot, Blank was able to purchase the Atlanta Falcons in February of 2002, where he is still the owner of the franchise today. In 2006, Blank strongly considered purchasing Atlanta’s MLB team, the Braves, but ended up withdrawing his name from consideration. If he would have ended up purchasing the Braves, Atlanta should have just named him mayor of the entire city shortly thereafter considering the amount of power he would have acquired.
As Blank gets ready to take his Falcons to the Super Bowl, it was reported that he is taking every employee of the Falcons to Houston for the big game, which is well over 100 people. I’m sure that there are people out there that think that is a huge waste of money, but personally, I think it is an incredibly nice gesture and who knows, it could be good karma for the Falcons on Super Sunday. Hey, when you’re worth over $3 billion and the owner of a successful sports franchise, I’m sure it doesn’t hurt your bank too bad for a spending spree of that magnitude.