Corky Coker Net Worth — What Are His Income Sources?
Grab all the details on the net worth of the former owner of Coker Tires, Corky Coker.
Corky Coker is well known as the former owner of the Chattanooga, Tennessee-based tire company, Coker Tire Company, Inc. He sold the company in 2018 to his management team led by Wade Kawasaki, who is now its CEO.
As a person who used to own the world's largest manufacturer and supplier of collector vehicle tires and motorcycle tires, Corky Coker must have pretty massive pile of money cashed under his bank account. Let's find out exactly how much the former businessman is worth at present.
What is Corky Coker's Net Worth?
As of April 2020, Corky Coker possesses an estimated net worth of $100 million. He made most of his fortune from the earnings during his time as the owner of Coker Tires.
Corky Coker posses an estimated net worth of $100 million.
Source: Goodguys News Archives
Corky Coker's father, Harold Coker, founded the company Coker Tire in 1958. It started as a local tire store and gradually grew over the years. When Corky took over the business, he expanded the product line, and he made it one of the most successful companies in the country. In the last five years of his ownership, the company was in a rapid continuous growth.
Coker Tire Company Inc. is currently the world leader in the production of vehicle tires and motorcycle tires. It has distributors in more than 30 countries for brands like Firestone, Michelin, U.S. Royal, and BFGoodrich.
Corky retired from the company in 2014, and Coker Tire continued the business in the leadership of Wade Kawasaki, the company's president. Kawasaki was also responsible for overseeing the six companies and various other brands under the Coker Group. Corky sold the Coker Tire and Coker Group to the company's management team, backed by the private equity firm, Irving Place Capital.
Corky Coker Has His Personal Collection of Cars at His Coker Museum
Corky Coker has his own Coker Museum, which has his personal collection of cars. The 13,000 square feet museum also houses a White Truck Dealership and serves as Coker Tire's inventory.
Corky Coker has his personal collections at his Coker Museum.
Source: Chattanooga Times Free Press
According to the website of the museum, it holds over 100 vintage cars, motorcycles, trucks, buses, and even three airplanes. Corky's collection of two of the three (known) Nyberg cars in existence are also located in the museum. They all belong to the personal collection of Corky Coker, and the museum often holds events to display them to the public. The museum's location lies in Chattanooga's Historic Southside.
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