Donald A. Foss ( – August 14, 2022) was an American

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

businessman, the founder, chairman, and CEO of the subprime car finance company Credit Acceptance. At his death, his net worth was estimated at US$2 billion.

Early life

Foss was born 1944. His father was a used car salesman.

Career

Foss founded Credit Acceptance in 1972. In January 2017, Foss stepped down as the company's chairman. As of March 2018, ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' estimated his net worth at US$1.2 billion.

Personal life

Foss was married, with three children, and lived in

Farmington Hills, Michigan Farmington Hills is a city in Oakland County, Michigan, Oakland County in the U.S. state of Michigan. A northwestern Metro Detroit, suburb of Detroit, Farmington Hills is located roughly from downtown Detroit. As of the 2020 United States censu ...

. He died on August 14, 2022, at the age of 78.

References

1940s births 2022 deaths American company founders Businesspeople from Michigan American billionaires American chief executives People from Farmington Hills, Michigan {{US-business-bio-1940s-stub