BillionaireNet
Ahern
Don Ahern
Rank #3087
UNITED STATESServiceEquipment rental

Don Ahern

Net Worth
$1.027B
0% (24h)
Don Ahern is a prominent figure in the construction equipment rental industry, known for his entrepreneurial drive and significant net worth. His wealth stems from his ownership of Xtreme Manufacturing and a majority stake in Snorkel, as well as the sale of Ahern Rentals to United Rentals in 2022 for $2 billion. Ahern's career began in the 1970s with Los Arcos Equipment, evolving into Ahern Rentals, which became a leading equipment rental company. He's a major figure in Nevada, having turned his properties into event spaces for conservative groups, and previously served as finance chair for the Nevada Republican Party.

The Full Dossier

Early Life

Born in 1953, Donald Francis Ahern grew up immersed in the family business, Ahern's Trailer and Equipment Rental, founded by his father John P. Ahern in 1958 in Las Vegas. Ahern received an accounting degree from Brigham Young University before returning to work for the family.

Rise to Success

Don Ahern launched Los Arcos Equipment in 1978, initially renting scissor lifts. He later purchased Ahern's Trailer and Equipment Rental in 1990, merging Los Arcos into the family firm. Over the years, he expanded the business, which became Ahern Rentals. The company was the exclusive equipment provider for the CityCenter development in Las Vegas. In late 2022, Ahern sold Ahern Rentals to United Rentals for $2 billion, netting an estimated $600 million after taxes and debt payments.

Key Business Strategies

Ahern's success is attributed to his ability to identify market opportunities and his investment in equipment. He developed a one-stop solution for workplace needs, maintaining strong relationships with equipment manufacturers. He also expanded Ahern Rentals by opening numerous branches. He owns construction equipment maker Xtreme Manufacturing and a 51% stake in Snorkel, which manufactures aerial work platforms.

Philanthropy

Don Ahern founded the Dayna Lynn Ahern Foundation in 2007 in memory of his daughter. The foundation supports individuals with seizure syndrome and other medical challenges through grants for education and medical care. He also established The Orchard, an urban farm in Las Vegas, which donates its produce to the local community.

Career Timeline

2022

Sold Ahern Rentals to United Rentals

Sold Ahern Rentals for $2 billion.

2013

Acquired 51% stake in Snorkel

Undertook to finance Snorkel in return for an initial 51% ownership.

2003

Launched Xtreme Manufacturing

Started a company to manufacture telehandlers.

1997

Ahern Rentals

Combined Los Arcos Equipment and Ahern's Trailer and Equipment Rental into Ahern Rentals.

1990

Purchased Ahern's Trailer and Equipment Rental

Bought the family business from his father, integrating his high-reach rental business.

1978

Launched Los Arcos Equipment

Started his own small rental store with a fleet of scissor lifts.

Philanthropic Impact

MedicalUndisclosed

Dayna Lynn Ahern Foundation

Provides grants to individuals with seizure syndrome for education and medical care expenses.

CommunityUndisclosed

The Orchard

A 10-acre urban farm giving back to the local community of Las Vegas.

Wealth Trajectory