Ben Navarro

Net worth over time

Biography

• The former Citigroup banker cofounded Sherman Financial Group in 1998 with fellow billionaire Brett Hildebrand and built it into a credit card and debt collection empire.
• One of Sherman's key assets is the Las Vegas-based lender Credit One, which says it has doled out more than 18 million credit cards to date.
• Despite a nearly identical name and logo to the better known Capital One Bank, Navarro's firm is entirely separate and caters mainly to low-credit borrowers.
• Since 2021, the Charleston-based billionaire has spent more than $350 million buying up property around the city, including a stadium and historic hotel.
• Navarro's daughter, Emma Navarro, is one of the top-ranked tennis players in the U.S.
• Navarro has spent over $300 million to buy two professional tennis tournaments, in Cincinnati and Charleston; Credit One now sponsors both.
• Navarro tried to buy the Carolina Panthers in 2018, but lost out to hedge fund mogul David Tepper.
• His late father Frank Navarro (d. 2021) was an Ivy League football coach and the star of the Norman Rockwell painting, "The Recruit."