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Junkyard Billionaire Thriving on Auto Wrecks Expands Empire

  • Copart’s Johnson is worth $1.9 billion from scrapped vehicles
  • Texas firm has extended its reach to Brazil, U.K. and Germany
RF Junkyard
Photographer: rkankaro/iStockphoto
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The 2019 Ferrari 812 Superfast is a beast by any measure. With 789 horsepower and a top speed of 211 miles per hour, it retails new for about $363,000.

It could be yours for a fraction of the price, if you act quickly and don’t mind a few dents and scrapes. Copart Inc. is selling a blue one online with a current top bid of $91,500. It’s one of almost 200,000 vehicles available in its junkyards ranging from supercars to suburban people carriers, some slightly damaged, some total wrecks.