| Category | Information |
|---|---|
| Net Worth | $350 million |
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | N/A |
| Height | N/A |
| Profession | Businessman, Entrepreneur, Car Collector |
| Nationality | American |
What Is Ron Pratte’s Net Worth?
Ron Pratte has an estimated net worth of $350 million. He acquired his wealth through his successful career as the founder and former CEO of the Pratte Development Company, Inc., one of the largest wood framing and concrete foundation companies in the United States.
Highlights
– Ron Pratte’s net worth is $350 million.
– He founded and was the former CEO of Pratte Development Company, Inc.
– Pratte is renowned for his extensive car collection.
– He sold his car collection for over $40.44 million at the 2015 Barrett-Jackson Scottsdale Auction.
Early Life
Ron Pratte hails from Chandler, Arizona, a suburb of Phoenix. During his teenage years, he worked at a gas station and aspired to one day own remarkable cars like the ones he encountered there. After graduating from high school, Pratte established the Phoenix-based wood framing and concrete foundation company called Pratte Development Company, Inc. The company experienced significant growth and employed up to 4,000 workers, constructing as many as 60 houses per day. Pratte later sold Pratte Development Company to Pulte Homes during the housing boom.
Career
Aside from his successful business ventures, Ron Pratte gained fame for his remarkable car collection. He began building his collection at the B-J auction in 2003 by purchasing 52 cars. Some notable cars in his collection include a Shelby GT500, a $4.1 million 1950 GM Futurliner Tour Bus, the last Stingray, the first T-bird off the assembly line, the Oldsmobile F-88 show car, and the 1955 Plymouth Fury featured in the Stephen King movie “Christine.” In 2015, Pratte sold his entire car collection for a staggering sum of over $40.44 million at the Barrett-Jackson Scottsdale Auction.
Personal Life
Ron Pratte has exhibited a philanthropic side, donating significant sums of money to charitable causes. He donated a Tony Stewart race car he won at an auction to the Gwynn Foundation, which subsequently sold the car again and raised $165,000 to purchase electric wheelchairs for children. In total, the two auctions raised $500,000 to support individuals affected by Muscular Dystrophy. Pratte also purchased a 2006 Jeff Gordon Monte Carlo for $500,000, with the proceeds going to the National Marrow Donor Program.
Net Worth Over Time
Ron Pratte’s net worth has remained relatively stable over time, with an estimated value of $350 million. His wealth experienced a significant boost with the sale of his car collection for over $40.44 million in 2015.
Components of Net Worth
The primary component of Ron Pratte’s net worth stems from the success of his entrepreneurial pursuits, particularly as the founder and former CEO of Pratte Development Company, Inc. Additionally, his collection of rare and valuable cars contributed significantly to his overall net worth, with the sale of the collection in 2015 generating substantial proceeds. Pratte’s philanthropic endeavors also highlight his dedication to giving back and supporting charitable causes, showcasing the impact his wealth has had on helping others.
With an estimated net worth of $350 million, Ron Pratte has built an impressive financial foundation through his entrepreneurial ventures, car collection, and philanthropy. His success in the business world, coupled with his passion for cars, has cemented his status as an influential figure in both the business and automotive industries.