Who is Don Hankey? All About Billionaire Behind Trump’s $175M Bond Payment

Don Hankey
Quick Info
Real NameDon Robert Hankey.
ProfessionBusinessman.
Age80.
Birth DateJune 13, 1943.
Birth PlaceLos Angeles, California, United States.
Lives inMalibu, California, America.
GenderMale
NationalityAmerican.
ZodiacGemini.
EthnicitiesCaucasian.
Net Worth$7.4 billion.
Love Life
Marital StatusMarried.
WifeDebbie.
KidsFour.
Body Measurements
HeightIn feet: 5' 11".
In centimeters: 180.3 cm.
In meters: 1.8 m.
WeightKg: 76.8.
Pounds: 169.3 lbs.
EyesGreen.
HairWhite.
Education
CollegeUniversity of Southern California.
Career
Work HistoryOwner - Hankey Group (1972 - Present).
Owner - Hankey Investment Company (1980 -Present).
Chairman - Westlake Financial Services (1986 - Present).
Owner - Toyota of North Hollywood (1988 - Present).
LinkedInhttps://www.linkedin.com/in/don-hankey-54930a7/

 

Don Hankey's net worth

Don Hankey (age 80, born June 13, 1943) is an American billionaire known for founding the Hankey Group. As of 2023, he was ranked by Forbes as the 128th richest person globally, with a net worth of $7.8 billion, but currently stands at 358th place.

Hankey’s expertise lies in subprime car loans, overseeing the Hankey Group based in Los Angeles with assets of $22.5 billion. The group includes Westlake Financial Services, collaborating with over 30,000 car dealerships across the US, focusing on providing car loans to individuals with poor credit.

Apart from Westlake Financial Services, the Hankey Group comprises a real estate firm, a Toyota dealership, and various entities like auto insurance, rental car, and dealer software companies.

 

 

 

Don Hankey came to Trump's rescue

Hankey finances Trump’s $175 million bond

In March, former President Donald Trump faced a challenge as he needed more than $450 million to keep his assets safe from being taken by authorities. Then, California billionaire Don Hankey and his wife Debbie came up with a plan and Hankey’s business could pay for it. Hankey is known for supporting Trump and running a company that makes high-interest auto loans to people with bad credit.

He immediately spoke to Trump’s team to formulate a plan. The plan would help Trump avoid fines while fighting a major fraud case in New York. Just when it seemed everything was resolved, the court last week reduced the bond to $175 million and Trump said he could pay it himself.

However, Trump initially claimed he could post it himself. Nevertheless, Trump’s team later approached Hankey again, and he agreed to provide the bond through one of his companies, a subsidiary of Knight Insurance.

 

Read Also: Who is Scott Wu? All About Devin.AI Founder

 

 

 

c

How did Don Hankey Build his Empire?

On June 13, 1943, Don Hankey (age 80) was born in California, United States. Not much is known about his parents, but we do know that his father was a car dealer in Los Angeles. Growing up in a family involved in business, Don learned a great deal about the car industry and finance from his elders.

After completing his schooling in 1961, he went on to study at the University of Southern California (USC). At USC, he studied Science and earned his bachelor’s degree in 1965.

Shortly after graduating, Don joined his father’s business. In 1972, he took over his father’s Midway Ford dealership and started offering car loans at high interest rates to people with poor credit scores.

His business strategy paid off, and within a few years, the Hankey Group expanded into a large business empire with seven subsidiary companies. Don became known as the king of subprime car loans.

Currently, Don’s Westlake Financial Services collaborates with over 30,000 car dealerships across America, providing car loans to individuals with bad credit histories. In addition to the automobile business, Hankey is also involved in real estate.

 

 

Hankey Group Founder Don Hankey

Who is Don Hankey’s Wife?

According to sources, Don Hankey is married to Debbie Hankey, and they have four children. While Don often grabs attention for his major projects like Circa in Los Angeles, Debbie prefers to stay out of the spotlight.

She works behind the scenes, alongside her husband, as the president of a charity called The Hankey Foundation. It has been since THF’s inception and by now the organization has donated millions of dollars to various causes.

According to sources, the couple owns several luxury properties across America, but their current residence is in Malibu, California.

 

Read Also: Dr Kate Tomas: All About Andrew Garfield’s New Girlfriend

 

 

Don Hankey FAQs

Ques: What is Don Hankey’s net worth?

Ans: $7.4 billion.

Ques: How old is Don Hankey?

Ans: Don is 80.

Ques: Where does Don Hankey live?

Ans: Malibu, California.