He was a car rental company staffer that started off as a dealer by restoring a beat-up £70 Morris Ten Four – now Sir Arnold Clark is worth just over a billion quid and sits on Britain’s rich list.
The freshly-printed Sunday Times Rich List 2016 has Clark at 114th overall and names the 88-year-old as the UK’s first billionaire car dealer.
His family fortune had swelled by £350 million in a year – to £1.025 billion – after profits reached a record £107.2 million in 2014, on sales of £3.2 billion, wrote the Times.
After the Morris sold for a profit, Clark continued buying and selling cars, opening his first yard in 1954.
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