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Father-son duo of US-based used cars company get $5 bn richer in a day
short by Pragya Swastik / on Wednesday, 23 September, 2020
The father-son duo behind US-based used-cars selling company Carvana, best known for selling used cars out of vending machines, became $5 billion richer on Tuesday after the company's shares surged 31%. Company's major shareholder Ernest Garcia II, and his Co-founder son Ernie Garcia III, are together worth $21.4 billion, Bloomberg reported. Their company's stock has rallied 150% this year.