Ford Family Net Worth
The Ford Family is one of the wealthiest households in the world and is from the state of Michigan within the U.S. The family, as the title suggests, is most well known for its control of the American car producer, Ford Motor Company or as it's more often known as, Ford. The corporate used to be based by Henry Ford at the sixteenth of June 1903. Since 1963 William Clay Ford Sr. (who's the grandson of Henry Ford) and his family have managed the Detroit Lions franchise of the National Football League.
The family owns all of the corporate’s Class B shares, which can be collectively entitled to elect 40% of the company’s Board of Directors. The company is indexed at the New York Stock Exchange, and whilst the Ford Family has minority possession, nevertheless it also has nearly all of the vote casting power.
The company sells vehicles and industrial cars below the Ford logo whilst the company sells most luxury cars underneath the Lincoln brand. Ford is not only an American brand but an international logo as well. Ford owns the Brazilian SUV manufacturer, Troller, and has an 8% stake in Aston Martin of the United Kingdom and a 32% stake in Jiangling Motors as well.
The corporate has joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand (AutoAlliance Thailand), Turkey (Ford Otosan), and Russia (Ford Sollers). Ford is one of the Top 3 U.S. automotive manufacturers. In 2019, the corporate produced 5.5 million vehicles and employed 190,000 folks. The company’s net source of revenue in 2019 used to be $47 million.
One of the corporate’s maximum important shareholders was William Clay Ford Sr. (1925 – 2014), who had served on the Board of Ford Motor Company and used to be the closing surviving grandchild of the legendary Henry Ford. He is credited with redesigning Lincoln Continental, a automobile that used to be created by way of his father. A yr after his grandfather’s demise in 1947, he was once appointed to the corporate’s Board of Directors.
He had additionally served as the minority owner and president of Detroit lions since 1961, under which the staff had a really perfect run. He had served as the company’s Design Committee chairman for 32 years, from 1957 to 1989. He had additionally served on the board of directors for Fifty seven years, ultimately retiring on the 12th of May 2005.
In 2013, he was once worth $1.4 Billion. He used to be married to Martha Firestone Ford and had four kids: Martha Parke Morse (b. 1948), Sheila Firestone Hamp (b. 1951), William Clay Ford, Jr. (b. 1957), and Elizabeth Hudson Ford Kontulis (b. 1961).
Martha Firestone Ford is these days the fundamental proprietor and chairwoman of the Detroit Lions of the National Football League (NFL). She could also be serving on the board of the Henry Ford Health System. William Clay Ford, Jr. (b. 1957) is currently working as the executive chairman of the Ford Motor Company. He has previously served as the President, CEO, and COO of the corporate. He may be the vice-chairman of the Detroit Lions NFL franchise.
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Awards and Achievements
Here is a list masking one of the Awards and Achievements earned by the Ford Family:
- In 2015, William Clay Ford, Jr. earned the Ambassador for Humanity Award via the USC Shoah Foundation Institute.
- William Clay Ford Jr. has earned a number of honorary levels from reputed universities equivalent to an honorary doctor of environmental sciences and an engineering degree from Koc University, honorary physician of rules level from the University of Michigan, honorary physician of humane letters stage from Bradley University and extra.
Net Worth of Ford Family
As of January 2021, Martha Firestone Ford has garnered a net worth of $1.4 Billion, and William Clay Ford, Jr. has garnered a net worth of $1 Billion.
Ford Family has made a great identify for themselves in the automotive trade, they usually proceed to prosper with time. With that being stated, we wish them the best of success and health for all their long term endeavors.
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