Ronald Wanek
$6.4B
Born
May 19, 1941
Age
84
Source of Wealth
Furniture
Residence
Saint Petersburg, Florida
Citizenship
United States
Marital Status
Married
Children
3
Education
High School Graduate, High School
- Ronald Wanek is the founder of America's largest home furniture manufacturer and retailer, Ashley Furniture.
- Wanek grew up poor on a dairy farm in Minnesota, where his grandfather and great uncle built furniture as a hobby.
- He started his first furniture manufacturing business, Arcadia Furniture, in 1970 with a loan from his father and money he got from selling his home.
- Six years later he bought retailer Ashley Furniture, which had been around since the 1940s.
- He is chairman of Ashley Furniture; his son Todd, also a billionaire, has been CEO since 2002.
- Wanek has donated millions to the Mayo Clinic to help improve treatment for a heart defect that affected his granddaughter at birth.
- Wanek's family office, Third Lake Capital, owns office buildings, shopping centers and nursing homes.
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