Don Hankey The King of Subprime Car Loans

Don Hankey The King of Subprime Car Loans

Don Hankey is an American billionaire businessman and the founder of the Hankey Group, a Los Angeles-based conglomerate with interests in automotive dealerships, real estate, and finance. He is best known for his success in the subprime auto loan industry, where he has built a multi-billion dollar empire.

Early Life and Education

Don Hankey was born on June 13, 1943, in Los Angeles, California. His father, a car dealer, instilled in him an early interest in the automotive industry. Hankey attended the University of Southern California, where he earned a degree in business administration.

Career Highlights

In 1972, Hankey took over his father’s car dealership, Midway Ford. Under his leadership, the dealership flourished, and Hankey began to expand his business interests. In the 1980s, he founded Westlake Financial Services, a subprime auto loan company. Westlake Financial Services became a major player in the subprime auto loan industry, and Hankey’s fortune grew exponentially.

In addition to his success in the subprime auto loan industry, Hankey has also made significant investments in real estate and other businesses. He is the chairman of the Hankey Group, a diversified holding company with assets of over $22 billion.

Hankey has been recognized for his business acumen with numerous awards, including the Ernst & Young Entrepreneur of the Year Award and the Horatio Alger Award. He is also a member of the prestigious Forbes 400 list of the richest Americans.

Notable Work

  • Founded Westlake Financial Services, a leading subprime auto loan company
  • Expanded the Hankey Group into a diversified holding company with assets of over $22 billion
  • Made significant investments in real estate and other businesses

Net Worth

Don Hankey’s estimated net worth is $740 crores USD (2023).

Social Media Presence

Don Hankey does not have a significant social media presence.

Personal Life

Don Hankey is married to Thelma Hankey, and they have two children. He is a private person and does not share much about his personal life.

Hobbies and Interests

Don Hankey is an avid golfer and enjoys playing with his friends and colleagues. He is also a passionate collector of African American art.

Controversies

Hankey has been involved in a few minor controversies over the years, mostly related to his business dealings in the subprime auto loan industry. However, he has always maintained a good public image and is widely respected for his business acumen.

Charitable Work

Don Hankey is a generous philanthropist and has donated millions of dollars to various causes, including education, healthcare, and economic development. He is a co-founder of the Steward Foundation, which supports initiatives in education, healthcare, and economic development. The foundation has awarded over $200 million in grants to organizations across the United States.

Health Issues

Don Hankey is in good health and has not publicly disclosed any major health issues.

Education

Don Hankey earned a Bachelor of Science degree in business administration from the University of Southern California.

Early Career

Don Hankey began his career in the automotive industry by working at his father’s car dealership. He later founded Westlake Financial Services, a subprime auto loan company.

Upcoming Projects

Don Hankey is semi-retired and no longer actively involved in the day-to-day operations of the Hankey Group. However, he remains the company’s chairman and a major shareholder.

Style and Fashion

Don Hankey has a classic and understated style. He typically dresses in business casual attire.

Fan Base

Don Hankey is a respected figure in the business and philanthropic communities and has a loyal fan base of people who admire his accomplishments.

Political or Social Activism

Don Hankey is a supporter of various social causes, including education, healthcare, and economic development. He has spoken out on the importance of giving back to the community and has encouraged others to get involved in philanthropic endeavors.

Trivia

  • Don Hankey is a pilot and enjoys flying his own plane.
  • He is a member of the American Academy of Arts and Sciences.
  • He has received an honorary doctorate from the University of Southern California.
  • He is a co-founder of the National Association of Black Owned MicroBusinesses (NAOMI).

Don Hankey is a remarkable individual who has made a profound impact on the world. He is a pioneer in the subprime auto loan industry, a visionary leader, and a generous philanthropist. His legacy will continue to inspire generations to come.