Herb Chambers
$2.9B
Born
Jan 01, 1942
Age
84
Source of Wealth
Car dealerships
Residence
Boston, Massachusetts
Citizenship
United States
Marital Status
Children
0
Education
- Herb Chambers dominates the New England auto sales market, with 60 dealerships selling brands such as BMW, Mercedes Benz, Audi, Lexus and Porsche.
- Chambers grew up in Boston's working-class Dorchester neighborhood, where he got his first job as a cart collector at the local supermarket.
- He dropped out of high school during his senior year and joined the U.S. Navy.
- After returning, he borrowed $500 from his mother to start his first company, a copy distributor, which he sold for $80 million in 1983.
- Chambers then stumbled into the car sales business, purchasing a Cadillac dealership that had given him poor service.
- An avowed car fanatic, Chambers owns vintage Ferraris and a Shelby Cobra.
- Chambers rides his helicopter when commuting from Connecticut to his Somerville, Massachusetts headquarters.
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