Alan Potamkin Net Worth $150 Million
Founded by Victor Potamkin in 1954 in Philadelphia, Pennsylvania, is a privately-held automotive group that is now headquartered in Miami, Florida. By 1970, Victor possessed three Chevrolet dealerships and he subsequently turned his brother around to his sons, Alan and Robert. The Potamkin brothers ran successful operations and continued to search for innovative ways to expand the company that their father left them using a dream to be the very best name in the industry. His brother employed the “Power of Partnership” doctrine that promotes the use of best practices, constant improvement, as well as the execution of first-class purchasing and ownership experience. They had been successful in expanding the company in the 80’s and 90’s. Since then, the company has more than doubled in size and continues to actively acquire and develop car dealer places. It has more than $1.5 billion in annual revenues with over 1,500 employees. It’s run as a franchise and every car dealer owner is free to diversify their brand offerings, localize operations and reinvest capital. Its line of vehicles includes brands such as Audi, Ferrari, Chrysler, Toyota, and Volkwagen.