Ken Ganley Net Worth – How Much Is Ken Ganley Worth?
Throughout his career, Ken Ganley has had a great deal of success. His company has grown from a little start-up to becoming one of the largest dealership groups in the U.S. and he hopes to reach $2 billion in sales by the end of 2018.
His first job was washing cars, sweeping floors, and helping out in his father’s car dealership in Brecksville, Ohio. He graduated from Brecksville High School in 1992, and later attended Northwood College. He became the Finance Manager for his father’s Honda dealership in Cleveland, and was in love with the car business from a young age. In the summers, he would sell cars at his father’s dealership, and in the winters, he worked as a porter. He was an excellent motivator for others and helped many people, including police officers.
In 2006, Ken Ganley’s company was sold by his father Tom. He now takes on the day-to-day management of the business. He also has three sons: Ken Jr., Brady, and Ken. He is married to Niki, who also attended Northwood. Among his investments are stock, mutual funds, and annuities. The value of his holdings range from $44 million to $214 million. He reported eight investment funds and two bank accounts. He is also a member of the National Automobile Dealers Association.
While he has never held an elected office, he has had a long track record of success in the automobile industry. He was named the recipient of the Louis E. Peters Memorial Service Award from the Society of Former FBI Special Agents for his role in fighting Cleveland organized crime. He was also a strong supporter of the Cleveland Police Department. He helped the Cleveland Association on health plan issues and union negotiations, and he was a partner with other dealers on industry issues.
His company also has an impressive reputation in the community. Every year, the company donates money to the Waverly School in Cleveland and to Coats for Kids, which distributes warm winter coats to less fortunate children in Northeast Ohio. In 2018, the dealership sold 60,000 vehicles. It has been a leader in supporting local school districts, and a lead sponsor of the Susan G. Komen foundation. He plans to continue to build on the company’s legacy. He expects to sell 58,000 cars this year.
As a teenager, Ganley worked for his father’s company, and as a child, he swept the floors, washed the cars, and drove the cars. He was also a part of the Ganley Auto Group’s annual fundraiser, which is a run around downtown Cleveland. He has been a long-time member of the Cleveland Automobile Dealers Association, and was involved in the automobile industry on a state and national level.
After Ganley’s father died in August 2016, he took over the day-to-day operations of the business. In 2009, the company sold over 55,000 vehicles, and set sales records every year since then. His companies have been ranked as 27 of the top 150 dealership groups in the U.S., and his company is expected to have $2 billion in sales by the end of 2017.
The sale of his companies isn’t the only thing that has made Ken Ganley rich. He also has investments, a Fifth Third account worth between $1 million and $5 million, and an IRA. During the past few years, he has also taken on a new direction. His company recently purchased Central Cadillac in Cleveland. He has also been involved in many lawsuits over his career, and was accused of sexual assault, kidnapping, and propositioning a woman. But he has steadfastly denied any wrongdoing.