Skip to content
Subscriber Only
Technology
Pursuits

This Car Dealer Turned Billionaire Got a Little Help From Buffett

  • 'I'd be disappointed' if I wasn't one, says Herb Chambers
  • After spurning buyers in past, says he would sell company

Mention Herb Chambers to anyone around Boston and more likely than not they know who he is: the guy with tortoise-shell glasses on billboards who sells more cars than anyone in New England.

Now you can add this about Chambers: he’s a billionaire with a $1.5 billion fortune, according to the Bloomberg Billionaires Index. The value of his 55 dealerships, selling everything from Buicks to BMWs, got a nice bounce in March after Warren Buffett purchased the nation’s largest closely held car retailer, Van Tuyl Inc., at a big premium.