| Category | Information |
|---|---|
| Net Worth | $2 billion |
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | N/A |
| Height | N/A |
| Profession | Businessman and entrepreneur |
| Nationality | American |
What is Larry Van Tuyl’s Net Worth?
Larry Van Tuyl, an American businessman and entrepreneur, has an estimated net worth of $2 billion. He is part of the Van Tuyl Group, Inc., which offers management consulting services to the largest group of privately held automotive dealerships in the United States. With offices in Arizona, Kansas, and Texas, the Van Tuyl Group collaborates with nearly 80 independently operated car dealerships across the nation.
Highlights
– Larry Van Tuyl has a net worth of $2 billion.
– He is an American businessman and entrepreneur.
– Van Tuyl Group provides management consulting services to privately held automotive dealerships.
– The company works with nearly 80 independently operated car dealerships in the U.S.
– Warren Buffet and Berkshire Hathaway acquired the Van Tuyl Group in October 2014.
– The Van Tuyl Group is the fifth-largest car dealership group in the United States.
Early Life
Larry Van Tuyl’s early life details, including his birthdate and birthplace, are currently undisclosed.
Career
Larry Van Tuyl’s career is primarily associated with the Van Tuyl Group, Inc. The company was initially founded by his father, Cecil Van Tuyl, who established a Kansas City Chevrolet dealership in 1955. Over the years, the Van Tuyl Group expanded its operations and eventually became the fifth-largest car dealership group in the United States.
In October 2014, Warren Buffet and Berkshire Hathaway announced their acquisition of the Van Tuyl Group, renaming it Berkshire Hathaway Automotive. As part of the agreement, Buffet purchased the Van Tuyl family’s majority stake in their 78 dealerships, which sold approximately 240,000 vehicles and generated nearly $8 billion in revenue in 2013.
Aside from his involvement in the automotive industry, Larry Van Tuyl is also the sole owner of VanTrust Real Estate, a property development and management company. VanTrust Real Estate remains unaffected by the deal with Berkshire Hathaway.
In 2017, Larry Van Tuyl made headlines when he acquired a stunning property in Newport Harbor, California, for a reported $55 million.
Personal Life
Details regarding Larry Van Tuyl’s personal life are scarce.
Net Worth Over Time
Larry Van Tuyl’s net worth has primarily stemmed from his involvement in the automotive industry and the success of the Van Tuyl Group, Inc. While his exact net worth over time is not disclosed, it is estimated to be $2 billion.
Components of Net Worth
The majority of Larry Van Tuyl’s net worth is attributed to his stake in the Van Tuyl Group, Inc., which provided management consulting services to numerous independently operated car dealerships in the United States. His ownership in VanTrust Real Estate, a property development and management company, may also contribute to his net worth.