Ernest C. Garcia III is an American businessman and co-founder of Carvana, who was born in the United States in 1982 or 1983.

He is Ernest Garcia II’s son. He started his studies at Stanford University in 2005.

As a result of this effort, DriveTime later spun off Carvana, which went public in 2017. Garcia led Carvana as its chairman at this time.

Early Life

The son of Ernest Garcia II is Ernest Garcia III. 2005, he graduated from Stanford University with a bachelor’s degree in management science and engineering.

Career

At RBS Greenwich Capital, Garcia started his career as an associate in the Principal Transactions Group.

He began working for DriveTime in 2007, and in 2012, he co-founded Carvana, a company division, along with Ryan Keeton and Ben Huston. Garcia has served as Carvana’s president and CEO ever since.

DriveTime eventually spun off Carvana, which went public in 2017. Garcia was appointed chairman of Carvana at that point.

Garcia received the Ernst & Young Entrepreneur Of The Year Award 2016 for the Mountain Desert region for the consumer technology category.

Garcia’s fortune decreased by 98% in 2022, as measured by the Bloomberg Billionaires Index, as Carvana’s stock price fell further amid bankruptcy fears.

Personal Life

Phoenix, Arizona, is where Garcia resides. Liza, Ernie Garcia III’s girlfriend, became his wife. Together, the couple has three kids.

Social Media

• Instagram: @ernest_410
• LinkedIn: @ernie-garcia-8122a421
• Twitter: @ErnestGarciaIII

Net Worth

According to Forbes, Ernie Garcia III’s net Worth is estimated at 10 billion dollars, and he is the 894th richest person in the world and ranks 513th in America for wealth.

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