James McClain He’s not exactly a household name, but Ernest “Ernie” Garcia II has quietly become one of America’s richest men through selling and financing used cars, an unsexy business that has nonetheless proven highly lucrative.
Forbes says the 63-year-old DriveTime owner is Arizona’s richest person, and the Bloomberg Billionaires Index pegs the combined net worth of Garcia and his son Ernie Garcia III at $21.4 billion.The elder Garcia has now converted some of that green into sand, paying about $17.8 million for a “super rare” — per the listing — double-wide oceanfront lot in Manhattan Beach, the sunny and fitness-oriented city in L.A.’s South Bay region.
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