Bruce Halle Net Worth , Achievements, Career & Personal Life

Bruce Halle Net Worth $5 Billion

Bruce Halle was an American businessman who founded and served as the chairman of the Michigan-based company Discount Tire.

Known to be the wealthiest man in Arizona before his death on January 4 2018 at the age of 87, his net worth of over 5 billion dollars was mainly the consequence of his tire business which started in 1960 with an inventory of only six tires and turned into the largest independent tire marketer in North America.

Mr. Halle, former Discount Tire’s chairman, had been recognized as the richest person in Arizona for many years by Forbes magazine years.

Born in Springfield, Massachusetts on May 27, 1930, he started his first tire store in a small Michigan town four years after he earned his bachelor’s degree in business administration from Eastern Michigan University.

He rented an old plumbing supply warehouse, built countertops, repainted the sign in front, and was the store’s only staff, serving as a salesman, accountant, tire technician, and cleaner.

It was three days before he had his first customer and a week recording a sale. His original inventory consisted of four retreads and two new tires.

He opened his second shop in 1964 and had five more in Michigan by 1970. From that point, he expanded to Arizona and later moved his company’s headquarters to Scottsdale in 1987.

By 1990, Discount Tires had more than 200 stores and opened its 500th store in 2002. It has 975 stores in 34 states currently and employs more than 20,000 people. More details follow below.

Early Life: Childhood, Education

He was born Bruce Thomas Halle in Springfield, Massachusetts on the 27^th day of May 1930. He was raised as one of the seven children of Frederick Joseph Halle Sr. and his wife, Marry Elizabeth McKelvey, who were both devout Catholics.

In 1950, Bruce went to join the United States Marine Corps and served a tour of duty during the Korean War. Afterward, he settled in Michigan and studied at Eastern Michigan University, graduating with a Bachelor’s degree in Business Administration in 1956.

Professional Life: Entrepreneurial Career

After graduating from Eastern Michigan University, Bruce took a series of jobs selling life insurance and cars. He later moved to form a partnership with his high school classmate, Bill DiDonato, on an automobile supply distribution company in Michigan and by late 1959, the establishment went bankrupt.

The following year, he took a loan of $400 and put together a tire store in Ann Arbor, Michigan. Four years later, he opened another store in a decent location, and by 1970, he had seven stores scattered around Michigan. He also expanded to Arizona that same year.

His tire business later became known as Discount Tire, and by 2018, it had grown to more than 1000 stores in 28 states in the United States.

His successful business adventures brought him fame and fortunes, as he turned into a deserving billionaire who registered his name as the richest man living in Arizona, the 87^th richest person in the United States, and the 248th richest person in the world as of 2014.

Personal Life: Wife, Children, Philanthropy

Mr. Halle and his wife of many years, Diane Halle, initiated a philanthropic foundation to support numerous Arizona organizations.

The late tire dealer also created a scholarship program that has helped the children of more than 2,700 employees to attend college since 2004.

In addition to his wife, Mr. Halle is survived by two daughters, two sons, and seven grandchildren.

Bruce Halle Net Worth: Salary, Assets, Income Sources

The American billionaire entrepreneur Bruce Halle died as one of the richest American citizens known. He left a fortune of about 5 billion dollars behind for his wife and four children, in addition to his thriving world-renowned tire dealing business that is held under the umbrella of Discount Tires.

Born in Springfield, Massachusetts, this Eastern Michigan University graduate started his career in business back in the 1960s as a tire seller when he opened his first tire business in Ann Arbor, Michigan.

Since then, his Discount Tire Company has grown considerably. It reportedly holds the Guinness World Record for the longest-running commercial, as its primary television ad placement has remained the same since 1975.

Discount Tires are the main sponsor of the NASCAR Discount Tire car, which, while being driven by Brad Keselowski in the year 2010, won the NASCAR Nationwide Series championship.

The company also oversees the Bruce T. Halle Family Foundation which supports many causes such as the Children’s Urban Survival Center in Phoenix, the Diane Halle Center for Family Justice at Arizona State University, and the Children First Academy, which is known to be the largest school for homeless children in America.