Ben Navarro

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Ben Navarro

About Ben Navarro

A former Citigroup vice president, Ben Navarro founded Sherman Financial Group in 1998 and built it into a credit card and debt collection empire.
One of Sherman's key assets is the Las Vegas-based lender Credit One, which says it has doled out more than 18 million credit cards to date.
Despite a nearly identical name and logo to the better known Capital One Bank, Navarro's firm is entirely separate and caters mainly to low-credit borrowers.
The Charleston, South Carolina-based billionaire tried to buy the Carolina Panthers in 2018, but lost out to hedge fund mogul David Tepper.
Since 2021, he's spent more than $350 million buying up property around Charleston, including a stadium and the city's biggest hotel.
He also forked out nearly $300 million in 2022 to buy the Western & Southern Open, a major tennis tournament.

Forbes Lists

#2046

Billionaires (2024)

Personal Stats

Age: 61

Source of Wealth: Investments, Self Made

Residence: Charleston, South Carolina

Citizenship: United States

Did you know

Navarro's daughter, Emma NAvarro, is one of the top-ranked tennis players in the U.S.

Navarro's late father Fred Navarro (d. 2021) was an Ivy League football coach and the star of the Norman Rockwell painting, ?The Recruit.?

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