Donald Foss

Donald A. Foss (born 1945) is an American billionaire businessman, the founder and former chairman and CEO of subprime car finance company Credit Acceptance.

Donald Foss
Born
Donald A. Foss

1944/1945 (age 75–76)[1]
NationalityAmerican
OccupationFormer chairman and CEO, Credit Acceptance
Known forFounder of Credit Acceptance
Net worthUS$1.4 billion (November 2019)[2]
Spouse(s)Married
Children2

Early life

Foss was born circa 1945.[3] His father was a used car salesman.[3]

Career

Foss founded Credit Acceptance in 1972.[3] In January 2017, Foss stepped down as chairman.[1]

As of March 2018, Forbes estimated his net worth at US$1.2 billion.[4]

Personal life

Foss is married, with two children, and lives in Franklin, Michigan.[2]

References
  1. "As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon". 4 May 2017. Retrieved 6 March 2018 – via www.bloomberg.com.
  2. "Forbes profile: Donald Foss". Forbes. Retrieved 19 November 2019.
  3. Metcalf, Tom (May 4, 2017). "As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon". BloombergMarkets. Retrieved March 6, 2018.
  4. Peterson-Withorn, Chase. "Meet The World's 259 Newest Billionaires". forbes.com. Retrieved 6 March 2018.
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