Billionaire Profile
Willis Johnson
Global Rank
#1728

Image: Public domain | via Wikimedia Commons

Willis Johnson

CEO, Copart
US
Real-Time Net Worth
$2.3B
As of December 2025
Age
78
Source
Damaged cars
Industry
automotive
Citizenship
US

Biography

Willis Johnson, a 78-year-old American entrepreneur, is the founder of Copart, a leading vehicle salvage and auction company. His net worth is estimated at $2.3 billion, stemming from his career in the automotive industry. Johnson's journey began in 1972 when he bought a junkyard, and he later revolutionized the industry by founding Copart in 1982. He took the company public in 1994 and pioneered an online bidding platform for wrecked cars. He is known for his conservative political donations and has also written an autobiography, "Junk to Gold."

Wealth Over Time

In-Depth Profile

Early Life

Willis J. Johnson was born in 1947 in Clinton, Oklahoma, and grew up on a dairy farm in Siloam Springs, Arkansas. He served in the U.S. Army during the Vietnam War, earning a Purple Heart.

Rise to Success

After returning from the war, Johnson bought a junkyard in Sacramento, California, in 1972. In 1982, he founded Copart, a vehicle salvage and auction company. He took Copart public in 1994. Johnson launched an online bidding platform for wrecked cars in 1998, revolutionizing the industry. He expanded Copart to have over 200 locations in multiple countries.

Key Business Strategies

Johnson's key strategies included specializing in specific brands and embracing new technologies, such as online auctions. He also focused on providing excellent customer service and building Copart into a leading brand in the industry. He stepped down as CEO in 2010.

Philanthropy

Johnson is known for his conservative political donations. He has contributed at least $1.5 million to various conservative causes since 2001. In 2021, he donated $1 million to South Dakota Governor Kristi Noem to fund a National Guard deployment to the Texas/Mexico border.

Career Milestones

1972

Purchased Junkyard

Bought a junkyard in Sacramento, California, starting his career in the auto salvage industry.

1982

Founded Copart

Established Copart, a vehicle salvage and auction company.

1994

Took Copart Public

Took Copart public, expanding its reach and financial resources.

1998

Launched Online Bidding

Launched an online bidding platform for wrecked cars, revolutionizing the industry.

2010

Retired as CEO

Stepped down as CEO of Copart.

Philanthropy & Social Impact

Political

Political Donations

$1.5M+

Contributed to various conservative causes since 2001.

Political

South Dakota National Guard Deployment

$1M

Donated to fund a National Guard deployment to the Texas/Mexico border.

Business Philosophy & Leadership

Notable Quotes

""I also think a good portion of it has to do with the fact that it never occurred to me that what I was doing might not work. I never thought I couldn't do it.”"

Leadership Principles

Specialization

Focusing on a niche market and becoming the preferred provider.

Embracing Technology

Adopting new technologies to improve efficiency and customer service.

Customer Partnership

Being a valuable partner to customers by finding new ways to innovate.

Controversies & Challenges

2021

Funding National Guard Deployment

Privately funded the South Dakota National Guard deployment to the U.S.-Mexico border, sparking debate.