Craig Jackson was born in 1959, in Michigan, USA. He is an entrepreneur, probably best known as the Chairman and CEO of the Barrett-Jackson Auction Company.
A famous collector and car expert, how wealthy is Craig Jackson? According to sources, Jackson has established a net worth of over $50 million, as of mid-2016. His wealth has been accumulated through his involvement in the collector car industry. Jackson’s assets include his personal collection of 19 cars, such as the 1932 Ford custom Roadster, the 1961 Chevy Impala custom coupe, the 1965 Shelby Mustang GT 350, the 1970 Dodge Hemi Challenger and Hemi Cuda convertible, the 1997 Dodge Viper, the 2008 Bugatti Veyron and the 2012 Camaro Z1. The collection is located in a luxurious garage behind his Scottsdale house. Jackson also owns several houses across the country.
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Craig Jackson Net Worth $50 Million
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In 1960, when he was a one-year-old baby, Jackson’s family moved to Arizona. His father Russ was a car collector who, along with his friend Tom Barrett, started the Fiesta del Auto Elegance car show in 1967, aimed at providing help to local charities. This led them to start their first auction in 1971, which was a collection of classic cars, including Adolf Hitler’s Mercedez-Benz 770K that was sold for $153,200; that is how the Barrett-Jackson Auction Company was born. Jackson soon became part of the business, and eventually in 1997 he took the leadership position after his father and brother died, and started to expand the company.
Since then, the company has become one of the best collector car auction companies in the world. Jackson has turned the company’s auction week into an automotive lifestyle event as well as a pop culture phenomenon. The original Barrett-Jackson auction was located in Scottsdale, Arizona, however, with Jackson as its leader, the company’s annual auction events have been expanded to other destinations across the country, including Palm Beach, Florida, Las Vegas, Nevada, Orange County, California and Reno, Nevada, offering a wide range of unique and valuable collectible vehicles from around the world. Since its launch, Barrett-Jackson Auction Company has sold $1 billion worth of cars, which has significantly contributed to Jackson’s net worth.
Since 1997, the auction event has been broadcast as the show called “Barrett-Jackson Classic Car Auction” on Speedvision channel which was later renamed to Speed channel. As the show became extremely popular, its coverage was expanded from just the highlights of the event to the six-hour live broadcast, within just a year of airing. In the following years, it was expanded even more. With Speed channel turning into Fox Sports, and later into Fox Sports 1, the coverage of the Barret-Jackson auctions was still part of it. The show was renamed to “Barrett-Jackson Collector Car Auction” in 2005. It later expanded to several other Fox channels, such as FS1, Fox Sports 2, Fox Business Network and National Geographic Channel. The Barret-Jackson Auction company partnered with the television networks of Discovery Communications, Inc. in 2015 and since then the coverage of its auctions has been aired on Discovery and Velocity. The program has also been broadcast in Spanish language on Discovery Channel and Discovery Turbo in Latin America, as well as to Spanish-speaking viewers in the USA on Discovery en Español,. The auction events have been featured by Forbes, CNN, USA Today, NBC Nighty News, The Wall Street Journal and other media outlets. Around the same time that the TV coverage of the show started, Jackson also introduced online bidding.
Earning a reputation as one of the world’s greatest collector car and restoration experts, Jackson has appeared on Bloomberg Television, CNN and SPEED. Today, he is an integral part of this industry who has won numerous awards and honors. He has been known for his amazing attention to detail as well as for his incredible personal car collection, so the respectable business leader has acquired a great fortune through his involvement in the the collector car industry.
When it comes to his personal life, Jackson married Carolyn Mullany in 2012. He has two children from a previous relationship.
Jackson is strongly committed to philanthropy. Since it’s first auction, his company has raised over $89 million for various charities, such as The ChildHelp Foundation, The Darrel Gwynn Foundation, The Carol Shelby Children’s Foundation, The Armed Forces Foundation, MLB Charities and many others. In 2009 he established the Barrett-Jackson Cancer Research Fund at TGen partly to honor his father and brother who died of colon cancer.
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