Along with the seven-passenger Bell 429 GlobalRanger helicopter, Chambers also owns a private jet and a string of yachts purchased over the years. During his flying commute, he often stops at one of his dealerships along the way for meetings. During the weekdays, he lives at the Four Seasons Hotel Residences at the Boston Public Garden. Personal lifeĬhambers lives in Old Lyme, Connecticut, and commutes to his Somerville, Massachusetts headquarters by private helicopter each Monday morning. When asked what car in his collection was his favorite, Chambers stated the 1972 Ferrari Daytona Spider that he owned in the early 1980s was his personal favorite. In August 2017, Chambers sold his 1995 McLaren F1 for a record $15.62 million at a Bonhams car auction held in Carmel, California. His collection of rare automobiles includes the McLaren F1, Mercedes-Benz SLR McLaren, Ferrari Daytona coupé and spyder, Enzo Ferrari, LaFerrari, 2006 Ford GT, 2008 Bugatti Veyron, Porsche 959 Supercar, 2006 Porsche Carrera GT, 2015 Porsche 918 Spyder, 2019 Ford GT Carbon Series, 1959 Cadillac Eldorado Biarritz Convertible, Ford Model B (1932) and a 1955 Mercedes-Benz 300SL that was raced in the 1983 Cannonball Run. In 2007, The Boston Globe carried an article and photo gallery highlighting Chambers' car collection.
In May 2017, Chambers was awarded the New England Motor Press Association Executive of the Year Award for his outstanding contributions to the automotive industry. As Chambers improved the operations of this first car dealership, he started the Herb Chambers Companies. His decision to purchase the business was based on his own poor buying experience at the dealership. Ĭhambers started his automotive business after purchasing an Oldsmobile-Cadillac dealership in New London, Connecticut in 1985. In 1983, Chambers sold the A-Copy business to Alco Standard Corporation for a reported $80 million and he continued to work with the company for another two years. His business soon became the world's largest Minolta and Canon dealers with 1,400 employees in 36 offices. The copier business was changing from a leasing model to a sales model due to the new low-cost copier models from companies like Minolta, Canon, and Sharp and Chambers started selling copiers along with copy supplies. By the time he was 22, he had started his own copier distribution company called A-Copy America, with money borrowed from his parents, in Hartford, Connecticut.
HERB CHAMBERS CLASS ACTIO PLUS
Īfter the Navy, Chambers began working as a copy machine repairman in Cambridge, Massachusetts for $75 a week, plus commission on any service contracts he could sell. He worked for two months before being fired by his mother due to a scheduling mix-up. After four years in the service and acquiring the rank of Petty Officer Second Class - E-5, he returned home and started working at a South End bar that was owned by his mother. In 1959, Chambers was out of school and looking for a purpose in life, so he ended up joining the United States Navy as an aviation electrician. He ended up dropping out of high school in his senior year.
He did very well at the market, earning promotions and raises, but his school work at English High School of Boston suffered. At the age of 13, Chambers' mother started charging him $15 per week rent and this was when he started working at the Stop & Shop supermarket in the neighborhood. He grew up in a two-family home owned by his maternal grandmother. Chambers was born in Dorchester, Massachusetts and was the son of a commercial artist and a homemaker.