Donald A. Foss (1943 or 1944 – August 14, 2022) was an American billionaire businessman, the founder, chairman, and CEO of the subprime car finance company Credit Acceptance. At his death, his net worth was estimated at US$2 billion.[1]
Donald Foss | |
|---|---|
| Born | 1943 or 1944 |
| Died | (aged 78) |
| Nationality | American |
| Title | Founder, CEO, and chairman of Credit Acceptance |
| Children | 3 |
Early life
editFoss was born c. 1944.[2] His father was a used car salesman.[2]
Career
editFoss founded Credit Acceptance in 1972.[2] In January 2017, Foss stepped down as the company's chairman.[2]
As of March 2018, Forbes estimated his net worth at US$1.2 billion.[3]
Personal life
editFoss was married, with three children, and lived in Farmington Hills, Michigan.[1] He died on August 14, 2022, at the age of 78.[4]
References
edit- ^ a b "Forbes profile: Donald Foss". Forbes. Retrieved August 16, 2022.
- ^ a b c d Metcalf, Tom (May 4, 2017). "As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon". Bloomberg. Retrieved March 6, 2018.
- ^ Peterson-Withorn, Chase (March 6, 2018). "Meet The World's 259 Newest Billionaires". Forbes. Retrieved March 6, 2018.
- ^ Manes, Nick (August 16, 2022). "Donald Foss, billionaire founder of Credit Acceptance Corp., dies at 78". Automotive News. Retrieved August 16, 2022.
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