Billionaire Profile
Herb Chambers
Global Rank
#1498

Image: Whoisjohngalt | CC BY-SA 3.0 | via Wikimedia Commons

Herb Chambers

CEO, Car dealerships
UNITED STATES
Real-Time Net Worth
$2.763B
Estimated based on Car dealerships stock value as of March 6, 2026
0% (24h)
Age
84
Source
Car dealerships
Industry
Automotive
Citizenship
UNITED STATES

Biography

Herb Chambers is an 84-year-old American billionaire, celebrated for his success in the automotive industry. His primary source of wealth stems from car dealerships, a business he entered in 1985 after selling his previous company, A-Copy America. Chambers built The Herb Chambers Companies into a leading automotive group in New England, with a strong emphasis on customer service and quality. He has also been recognized for his significant contributions to philanthropy, donating millions to various causes in the Boston area. His career is marked by entrepreneurial acumen, strategic leadership, and a commitment to community well-being.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Born in Dorchester, Massachusetts, in November 1941, Herb Chambers demonstrated an early work ethic. At 13, he began working at a supermarket. After leaving high school, Chambers served in the U.S. Navy. His early business ventures included a copy machine repair business. He then founded A-Copy America, a copier distribution company, which he later sold for $80 million.

Rise to Success

In 1985, Chambers entered the automotive industry, purchasing an Oldsmobile-Cadillac dealership. This marked the beginning of The Herb Chambers Companies. His focus on improving the customer experience helped his business quickly rise to become a top leader in the automotive market. Over the years, Chambers expanded his group, adding numerous dealerships across various brands.

Key Business Strategies

Chambers's success can be attributed to several key strategies. He focused on exceptional customer service, creating a more positive car-buying experience. He also expanded his business strategically, acquiring dealerships and franchises for popular brands. In July 2025, Asbury Automotive Group acquired The Herb Chambers Companies for $1.45 billion. Chambers retained ownership of his Mercedes-Benz dealership in Somerville.

Philanthropy

Chambers is also known for his significant philanthropic efforts. He has donated over $1 million to the Dana-Farber Cancer Institute and the Jimmy Fund since 2015. Other beneficiaries of his philanthropy include the American Cancer Society, Mass General for Children, and Mass Eye and Ear.

Career Milestones

1965

Founded A-Copy America

Chambers founded A-Copy America, a copier distribution company.

1983

Sold A-Copy America

Sold A-Copy America for $80 million.

1985

Entered the Automotive Industry

Purchased an Oldsmobile-Cadillac dealership in New London, Connecticut.

2015

Named one of the 400 richest Americans

Ranked #392 with estimated $1.8 billion by Forbes magazine.

2016

Received Honorary Doctorate

Received an honorary doctorate in business administration from the University of New Haven.

2023

Philanthropic Milestone

The Herb Chambers Companies surpassed $1 million in cumulative giving to Dana-Farber Cancer Institute and the Jimmy Fund.

2025

Sold The Herb Chambers Companies

Sold his auto dealerships for $1.45 billion to Asbury Automotive Group.

Philanthropy & Social Impact

Healthcare

Dana-Farber Cancer Institute and the Jimmy Fund

$1M+

Supported cancer care and research.

Healthcare

Massachusetts General Hospital

$100M

Donated to revolutionize cancer care.

Healthcare

Mass Eye and Ear

Unknown

Steadfast supporter of vision and hearing research and treatment.

Community

Boston Police Department

$100,000

Donated to bring back the Boston Police Department's mounted police unit

Business Philosophy & Leadership

Notable Quotes

"This is a cause that means so much to our employees and customers alike. We feel fortunate to be doing our part to contribute in the fight against cancer.”"

Leadership Principles

Customer Focus

Prioritizing the customer experience to improve service and sales.

Strategic Expansion

Acquiring dealerships to increase market share.

Community Engagement

Giving back to the community through charitable donations.