What is Larry Van Tuyl's Net Worth?
Larry Van Tuyl is an American businessman and entrepreneur who has a net worth of $2 billion. Larry Van Tuyl is part of the Van Tuyl Group, Inc. which provides management consulting services to the largest group of privately held automotive dealerships in the United States. The Van Tuyl Group has offices in Arizona, Kansas, and Texas and works with nearly 80 independently operated car dealerships in the U.S. The company started with Larry's father Cecil Van Tuyl and a Kansas City Chevrolet dealership in 1955. In October 2014 Warren Buffet and Berkshire Hathaway announced that it would purchase the Van Tuyl Group and rename it Berkshire Hathaway Automotive.
Buffet reached an agreement to purchase the Van Tuyl family's majority stake in their 78 dealerships that sell 240,000 vehicles a year and had nearly $8 billion in revenue in 2013. The Van Tuyl Group is the fifth-largest car dealership group in the United States and the family will become billionaires from the sale. Larry has also been involved with property developer and manager VanTrust Real Estate and is the sole owner. VanTrust will not be affected by the deal. In 2017 Larry Van Tuyl spent $55 million to acquire an absolutely stunning property in Newport Harbor, California.
