Short narrated biography by Dan Novaes recounting Arthur Blank’s rise: fired from Handy Dan in 1978, co-founded Home Depot in 1979 with Bernard Marcus and Ken Langone, took the company public in 1981, became a billionaire, bought the Atlanta Falcons in 2002 for $545 million, later invested ~$1.6 billion in Mercedes-Benz Stadium, and today Home Depot and the Falcons are worth substantially more (Home Depot >$300B; Falcons ≈$5B). The piece frames Blank’s story as an underdog-to-billionaire entrepreneurial success.
Chapters
This guy got fired from a hardware store at 36 years old, and now he's one of the richest owners in the NFL. Back in the 1970s, Arthur Blank was running a hardware chain called Handy Dan. He helped grow it into one of the top home improvement stores in the country. But in 1978, their parent company went through a takeover, and the new bosses didn't like Blank, so they fired him. However, getting fired turned out to be one of the best things to ever happen to him. Blank teamed up with another fired exec, Bernard Marcus, and an investor, Ken Langone. Their idea was brilliant. Create a warehouse style improvement store with rock bottom prices. Less than a year. In 1979, they opened their first Home Depot in Atlanta. Two years later, it went public and it exploded. By the 90s, it became the largest home improvement retailer in America, with Blank staking the company, making him a billionaire. Then in 2002, he took that fortune and bought the Atlanta Falcons for $545 million. A decade later, he poured another 1.6 billion into building Mercedes Benz Stadium, one of the most advanced arenas in sports. And that investment paid off. Today, the falcons are worth 5 billion, nearly 10 times what he paid for them. Meanwhile, Home Depot is now worth over $300 billion. From fired at 36 to billionaire to NFL owner, Arthur Blank might just have the most underrated underdog story in all of football. For more entrepreneur stories and information like this, follow UBK.