Arthur Blank Story
Arthur M. Blank is an American businessman and philanthropist who is best known as the co-founder of The Home Depot.He is also known as the owner of the National Football League (NFL) team, the Atlanta Falcons.
Arthur M. Blank was born on September 27, 1942 in Queens, New York. He was born to Max and Molly Blank. He is the youngest of two children.
Blank attended Stuyvesant High School in New York City and graduated to attend the Babson College.
In 1963, blank graduated from Babson College with a B. S. degree in business administration and accounting. He is also the receiver of an honorary degree from the Furman University.
After graduating, Blank worked at Arthur Young and Company as a senior accountant. He left the company and joined the Daylin Corporation, where he swiftly rose to the president of Elliott’s Drug Stores/Stripes Discount Stores, which was a division of Daylin.
Blank moved to the Handy Dan Home Improvement Centers division after the company decided to sell of the drug stores division. Blank was forced to resign from his post as Vice President after an internal power struggle.
In 1978, Blank co-founded Home Depot with his Elliott’s CEO, Bernard Marcus. The store’s innovative warehousing concept helped revolutionize the home improvement business and the venture made the founders billionaires. Blank retired as the company’s President in 2001, after having served 19 years at the post as co-chairman.
Currently, Blank is the Chairman, President and CEO of the AMB Group, LLC and Chairman of The Arthur Blank Foundation.
He is also a member of the Board of Trustees of Amory University and the boards of Staples and Cox Enterprises.
In 2002, Blank bought the Atlanta Falcons franchise in the NFL.
In 2004, Blank purchased the Georgia Force, an Arena Football League franchise and moved the team back to Atlanta after several years.
In 2003, Blank was named ‘Georgia’s Most Respected CEO’ by the Georgia Trend magazine.
In 2006, Blank was inducted into the Junior Achievement U.S. Business Hall of Fame.
Arthur Blank has had two marriages previously, which ended in divorce. He and his first wife, Diana J. Blank, have three children from their marriage – Kenny, Dena and Danielle.
In 1995, Blank married Stephanie V. Blank from Blowing Rock, North Carolina. The couple had three children – Joshua, Max and Kylie blank – before ending their marriage in divorce.
Blank is currently engaged to Angela Macuga, a mother of three.
Blank is a signatory for The Giving Pledge and is committed to give away at least 50% of his wealth to charitable causes.
In 2005, blank was named ‘National Entrepreneur of the Year’ by Ernst & Young LLP.
In 2011, blank received the Freeing Voices, Changing Lives award from the American Institute for Stuttering.
In 2014, Blank was inducted as a Georgia Trustee, an honor given by the Georgia Historical Society and the Governor of Georgia to individuals for reflecting the ideals of the Trustees’ in accomplishments and community service.