Ronald Wanek

Ronald Wanek (#587)

Global Rank #587

Country Rank #228

Country United States

All of a sudden, one day you're the big guy in the industry. At first I didn't know if I liked being the big guy, because with this came a new responsibility.

$ 7 B
Furniture
United States
M
85 Years

Snapshot

Quick Facts

Global Rank #587

Country Rank #228

Net Worth $6.7B

Previous Worth $6.7B

Worth Change +$0.0B

Country United States

Industry Furniture

Age 85 Years

Gender M

Worth As Of May 4, 2026

Residence Saint Petersburg, Florida

Citizenship United States

World Billionaires List United States Billionaires Furniture

Profile Data

Personal Stats

Age 84

Source Of Wealth Furniture, Self Made

Self Made Score 9

Philanthropy Score 2

Residence Saint Petersburg, Florida

Citizenship United States

Marital Status Married

Children 3

Education High School Graduate, High School

Net Worth Change +$0.0B +0.0% from previous worth

Previous Net Worth $6.7B

Current Net Worth $6.7B

Worth as of May 4, 2026

About Me

Ronald Wanek is the founder of America's largest home furniture manufacturer and retailer, Ashley Furniture. Wanek grew up poor on a dairy farm in Minnesota, where his grandfather and great uncle built furniture as a hobby. He started his first furniture manufacturing business, Arcadia Furniture, in 1970 with a loan from his father and money he got from selling his home. Six years later he bought retailer Ashley Furniture, which had been around since the 1940s. He is chairman of Ashley Furniture; his son Todd, also a billionaire, has been CEO since 2002.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Ronald Wanek.

#677

Billionaires (2026)

#246

Forbes 400 (2025)

Insights

Did You Know?

Wanek has donated millions to the Mayo Clinic to help improve treatment for a heart defect that affected his granddaughter at birth.

Wanek's family office, Third Lake Capital, owns office buildings, shopping centers and nursing homes.

Wealth Growth

Net Worth Growth Over Time

Tracking Ronald Wanek's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $6.7B (May 4, 2026)