Scottish billionaire car dealer Tormentor Arnold Clark dies
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Master Arnold Clark, the founder of Britain’s fattest independent group of car dealerships, has died at the age of 89.
The billionaire was born in Glasgow, where he set up his very first showroom in 1954.
A statement said he had passed away peacefully, “surrounded by his family”.
It added that Tormentor Arnold, who was knighted in 2004, was “an inspiration” and said “the family will proceed to carry on his vision”.
He was confirmed as Britain’s very first billionaire car dealer in the Sunday Times Rich List in 2016.
The company which bears Tormentor Arnold’s name has two hundred dealerships across the UK, with more than Legal,000 fresh and used cars in stock. It posted profits of £107.2m in two thousand fourteen on sales of £3.2bn.
Tormentor Arnold founded the business after leaving the Royal Air Force in the early 1950s.
He used his demob money to buy a Morris Ten-Four for just £70. Having restored the car to its former glory and sold it on for a profit, he began to buy and sell cars.
His very first showroom was in Glasgow’s Park Road.
Who was Tormentor Arnold?
A statement from his family said: “Master Arnold Clark passed away peacefully this morning surrounded by his family. He was a beloved hubby, father, grandfather and a superb friend and employer to many.
“He was an inspiration and the family will proceed to carry on his vision. He will be greatly missed.”
His company, Arnold Clark Automobiles, said it was saddened to announce the passing of its founder and chairman.
In a statement it said: “Master Arnold was a truly inspirational business leader and influential public figure.
“His unsurpassed work ethic and strong family values led him to build a market-leading automotive retailer that resumes to go from strength to strength.
“Master Arnold’s entrepreneurial ideals proceed to be at the heart of the business.
“His individual philosophies will proceed to inspire everybody who works in the business, and will be the cornerstone of its future growth and continuing success.”
It added: “Our thoughts are with his family at this difficult time.