William Clay Ford, Jr. was born onMay 3, 1957 inDetroit,Michigan, United States. Dual fuel vehicles generally have two fuel tanks one for compressed natural gas or propane, and another for regular gasoline with a selector switch to choose between them. In addition, Bill founded Agora Financial and was a co-founder of Bonner and Partners publishing. He was elected Chairman of the Board in September 1998, and took office on January 1, 1999. As Executive Chair of Ford Motor Company, my goal is to . Last updated: 19 January 2023 at 7:39pm EST. He also is a member of the board of Business Leaders for Michigan. Ford earned $10 million annually and was the 264th highest-paid CEO according to Forbes at the time of his resignation. Bill Ford is an American entrepreneur and is the great-grandson of Henry Ford. New York State Life Science Advisory Board. A Match Made In Midtown: Bill Ford's Daughter Marries Carmen Harlan's Son Tweet. Ford added the title of Chief Executive Officer on October 30, 2001, following the ouster of then-CEO Jacques Nasser. He played on the Princeton rugby team as well. His salary is around $410,000. That doesn't include exercising options, transferring shares to trusts or converting common shares to Class B stock. Alfred Ford: The billionaire bhakt. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. The Post revealed McKee and former Morgan Stanley banker Ford the CEO of General Atlantic who also serves on the board of companies including Tory Burch were dating in February. On September 5, 2006, Ford announced that he was stepping down as President and CEO, naming former Boeing senior executive Alan Mulally as his replacement. The driver is married to Cindy Elliott, his starsign is Libra and he is now 67 years of age. Currently based in Michigan, Ford is married toLisa Vanderzee with whom he has four children. Also read the age, career, net worth, and body measurements of Danny Daggenhurst, Alejandra Silva, Roman Abramovich Caption: Bill Elliott posing for a photo with his car (Photo: Mopar Insiders) He left that position in order to become chair of the Board of Directors' Finance Committee in 1995. Shares of the automaker have surged by about 270% since then, sending its market value above $100 billion on Thursday for the first time ever. He is known to be the great-grandson of Harvey Firestoneand Henry Ford. His son, Bill Ford Jr., is now executive chairman of Ford Motor. He is the executive chairman of Ford Motor Company. In September 1998, he was elected as the Chairman of the Board and on October 30, 2001, he started serving as the chief executive officer of the company. Elton John Splurges On Luxury Toronto Apartment, Confidential Assignment 2 Film Reaches Over $35 Million On Second Weekend At Korean Box Office, Roberto Clemente's 1995 Topps Rookie Card Reached $1 Million Bid At Auction, Olivia Cooke As The Newest Face Of Savage X Fenty Lingerie October Campaign, A Peek Inside Jennifer Aniston's Stunning $15 Million Montecito Farmhouse, Chris DElia Hit With Temporarily Restraining Order By The Woman He Adamantly Denies He Ever Met. Liverpool legend Roberto Firmino has offered himself to FC Barcelona through his agent, according to a report. =), Copyright 2023 CelebrityNetWorth123.com | Contact Us | Privacy Policy. Morants agent denied previous allegations he hit and flashed his gun at a teenager suggesting they were made to tarnish his reputation. William Barr was the government official serving as the 85th United States Attorney General. We want to hear from you. William Clay Ford Net Worth $1 Billion To begin with, the boy was born in Detroit; his father is William Clay Ford Senior and his mother Martha Parke Firestone, who is the granddaughter of Harvey Firestone, of tire-making fame. In this week's episode, hear how Reyez first started getting into music thanks to her family, moved to Florida after a stint as a Toronto Raptors cheerleader and found musical success by leaning. Now, 40 years later,. He was elected Chairman of the Board in September 1998, and took office on January 1, 1999. It would have had a $1.6 billion profit without special charges. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. As one of the richest celebrities in the world, people are always wondering how much money William Clay Ford Jr has or makes. [6][failed verification] He also serves as Co-Chair of the Partnership for New York City and on the board of directors of the National Committee on United States-China Relations, Emerging Markets Private Equity Association (EMPEA), Endeavor, the McKinsey Advisory Council, and the New York State Life Science Advisory Board. Ford gave up an executive position in heavy truck program management to become chairman of the Finance committee on the Board of Directors, a non-executive corporate governance position. [18][failed verification][19][failed verification], Ford also serves on the advisory board of Tsinghua University's School of Economics and Management. Bill Ford was elected a company vice president and head of the company's Commercial Truck Vehicle Center in 1994. He was also a lawyer from America. Bill attended boarding school from 9th to 12th grade. However, there are several factors that affect a celebritys net worth, such as taxes, management fees, investment gains or losses, marriage, divorce, etc. Bill Elliott Facts & Wiki Where does Bill Elliott live? As of January 2023, Henry Ford would have had an estimated net worth of $200 billion (adjusted for inflation). He shared his father Edsel's flair for design, overseeing the design direction for some of Ford Motor's best-known vehicles for decades, including his pet project, the 1956 Continental Mark II, one of the most iconic cars ever built. The estimated Net Worth of William Clay Jr Ford is at least $123 Million dollars as of 24 March 2022. In addition, he makes $16,757,200 as Executive Chairman of the Board at Ford Motor Co. William has made over 33 trades of the Ford Motor Co stock since 2004, according to the Form 4 filled with the SEC. In 2014, William Clay Ford, Henry's last remaining grandson, passed away, leaving Martha Firestone Ford as the family matriarch. In addition, he makes $364,289 as Independent Director at Blackrock. Ford policy provides for ongoing performance feedback to an employee that includes: A bi-annualreview of the employee's specific responsibilities,objectives and accomplishments. Well, if your all set, here is what I know. The company is planning to invest as much as $20 billion in EV development over the next 10 years, and in March 2022 it announced that it would split into two units: Ford Model e, for EV. Her first In 2023, Beatriz Monroys net worth was estimated to be, Peter Beckett is an English musician and songwriter who has a net worth of $1 million. We have estimated Doug Ford's net worth , money, salary, income, and assets. Mr. Ford owns over 3,000 units of Blackrock stock worth over $10,193,358 and over the last 7 years he sold BLK stock worth over $2,062,406,290. Eleanor Ford and Joseph Cobb, grade-school classmates and the . While the Class B shares account for 2% of Ford's outstanding stock, they control 40% of the voting power. William E. Ford (born June 18, 1961) is an American businessman. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. Mini Biography. William Clay has a combined net worth of $4 billion. As of 24 March 2022 he still owns at least 4,221,936 units of Ford Motor Co stock. He is one of the richest and most influential politicians in Canada. . You can see the complete history of Mr. Ford stock trades at the bottom of the page. And that resulted in Ford reporting a $3.1 billion net loss. Bachelor of Arts / Science, Yale University. Apart from his career, he is an environmentalist and has always been committed to developing environmentally friendly products and processes. He serves as Chairman of the firm's . He has investments all over the financial sector and is thus, living in luxuries. Nationality: United States. More importantly, he's also the biggest holder of the automaker's Class B shares that carry super-voting powers that have allowed the Ford family to retain control of the company. Malavika Sangghvi / TNN / Mar 6, 2005, 11:32 IST. Bill Ford was born on May 3, 1957 in Detroit, Michigan, United States, United States (63 years old). When Nature Calls 1985 as Actor . He was proud of the family's role in building and sustaining the company through many crises. Additionally, in 2002, Goldberg had an expensive contract with AOL Time Warner, the parent Company of WCW. Later he was chairman of the Dealer Policy Board . William Clay Ford Jr. serves as Executive Chairman of the Board of the Company. Bill Sr. owned the Detroit Lions f Henry Ford's last surviving grandson died March 9, 2014 at age 88. At the time of the Ford 2000 reorganization, he was in charge of heavy truck operations. Bill Bonner is one of the richest people on the earth with around $950 million net worth. Henry Ford's last surviving grandson died March 9, 2014 at age 88. Ford gave up an executive position in heavy truck program management to become chairman of the Finance committee on the Board of Directors, a non-executive corporate governance position. With the retirement of Ford President and Chief Operating Officer Jim Padilla in April 2006, Bill Ford assumed those roles as well. There are 71 million Class B shares worth about $1.8 billion held by descendants of company founder Henry Ford. That's quadruple the roughly 4 million, or 5.7%, he owned in 2012, according to FactSet. He also serves as Chairman of General Atlantics Management Committee and is a member of the firms Investment and Portfolio Committees. Over the last 6 years, insiders at Blackrock have traded over $14,738,951,639 worth of Blackrock stock and bought 13,861 units worth $7,394,382 Desperate Russian Forces Are Adding 80-Year-Old Naval Guns To 70-Year-Old Armored Tractors, Saturday, March 4. Alternative fuel vehicles operate on non-petroleum fuels, such as methanol, compressed natural gas (CNG), propane, and hydrogen. Ford's restructuring plan, dubbed "The Way Forward", reversed a $1.6 billion loss during 2009 in its North American operations. Sources say. He served several years as a mid-ranking executive in product development. 1975 General Atlantic's website uses cookies to improve and personalize your experience. Over the last 29 years, insiders at Ford Motor Co have traded over $118,669,372 worth of Ford Motor Co stock and bought 2,495,294 units worth $31,212,535 The World's Most Entertaining Car Website, MIT Sloan School of Management (1984), Princeton University (1979), The Hotchkiss School, Massachusetts Institute of Technology, Kim Kardashian To Pay $1.26 Million Due To Instagram Ad Illegally Hyped Crypto, Bill Murray Has Raised Over $200,000 Worth Of Crypto For A Charity And Loses Over $185,000 Worth Of Raising Funds, Elon Musk Agrees To Own Twitter For $44 Billion, Moving To Canada? Martha Firestone Ford, Henry Ford great-grandfather In 2023, William Clay Ford Jr's net worth was estimated to be $1 Billion. He joined Ford in 1979 and 1981 held a variety of positions, beginning in product development and on the financial staff, a grooming ground for Future executives. Apart from his career, he is an environmentalist and has always been committed to developing environmentally friendly products and processes. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. The up-gunned, tracked MT-LBs are further evidence of the Kremlins worsening equipment crisis as it struggles to make good its losses in Ukraine. Ford Family Net Worth As of March 2023, 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. Born in Puebla, Mexico, in 1987, as Sofia Lama In 2023, Sofia Stamatiadess net worth was estimated to be, Gavin McInnes is a Scottish-Canadian writer, creative director, and actor who has a net worth of $10 million dollars. Date of Birth: Mar 14, 1925 - Mar 9, 2014 (88 years old) Place of Birth: He joined Ford in 1979 and 1981 held a variety of positions, beginning in product development and on the financial staff, a grooming ground for Future executives. Global Private Capital Association (GPCA), Board Member, Digital Initiatives Committee Chair. His father William Clay Ford Sr. has a net worth of $1.2 million. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Ford's now worth more than crosstown rival General Motors, which is valued at about $90 billion. Therefore, the above worth, income or earnings statistics may not be 100% accurate. William's mailing address filed with the SEC is FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN, MI, 48126. About Ford family More than 100 years after Henry Ford introduced his Model T and revolutionized automobile production, a family member still sits atop the company: Chairman William Clay. In 1971,William Clay Ford Jr officially joined Ford. He has an estimated net worth of $2 billion dollars. William Ford is 58, he's been the Independent Director of Blackrock since 2018. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. In addition to his duties as chair, he served as chief executive officer of the company from October 2001 to September 2006 . He launched the company in 1972, one of the first to offer loan programs to help dealers sell cars to. Talking about his firm, its annual revenues are in millions and billions. Bill Ford received $16 million in total compensation from Ford in 2020, which came in a mix of benefits, cash and equity awards. The headline on an earlier version misstated the relationship. About William Ford, Sr. Henry Ford's last surviving grandson died March 9, 2014 at age 88. Bill Ford studied at Massachusetts Institute Of Technology (MIT),Princeton University, MIT Sloan School of Management (1984), Princeton University (1979 . Bill Goldberg Net Worth: How much has he earned to date? He is the Chairman and CEO of General Atlantic, a global growth equity firm with $84 billion in assets under management as of November, 2021. Bill Ford co-founded the firm with Ralph Booth (Chairman and CEO of Booth American Company and successful media and Telecom investor), Mark Schulz (former head of Ford Motor Companys international operations), Chris Cheever, and Chris Thomas. Find out Bill Fordnet worth 2020, salary 2020 detail bellow. More importantly, he directly owns 16.1 million, or 23%, of the Class B shares. Alfred Ford: The billionaire bhakt. 'Frontlines' is a 'Call Of Duty' clone made in Roblox. Desperate Russian Forces Are Adding 80-Year-Old Naval Guns To 70-Year-Old Armored Tractors, Saturday, March 4. American businessman William Clay Ford Jr. has an estimated net worth of $1 billion as of March 2013 according to Forbes. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. Author. Mr. Ford is also Vice Chairman of the Detroit Lions, Inc., former Chairman of the Detroit Economic Club, and trustee of the Henry Ford Museum. Ford believes his stock ownership supports his defense of the family's shares and voting power. The dual-class stock structure, which has been in place since the company went public in 1956, has faced numerous shareholder challenges. According to reports, he was the company's largest individual stakeholder, holding 26.3 million common shares and 6.7 million shares of Class B stock. The estimated Net Worth of William Clay Jr Ford is at least $118 Million dollars as of 24 March 2022. Alfred Ford is Building a Multi-Million Dollar Monument in India Henry Ford's great-grandson was heading for ruin and then had a better idea: spiritual enlightenment. The Amazon Prime Video show's creative team reveals how a bidding war, authenticity, and passion fueled the adaptation of the best-selling novel. Ford has been a vegetarian since 1990, and adopted a vegan diet in 2010. Explain to me how Ford can have a market capitalization of $36 billion or so with more than $100 billion of revenue, and Tesla can have a $550 billion market cap with sales of less than your . Bill Ford has stated that governments and private industry will need to rethink transportation infrastructure and Technology as the global population expands and the existing infrastructure is unable to keep pace. Tsinghua Universitys School of Economics and Management, Our Investment Approach and Global Opportunity Set. He has a whopping amount of net worth. Correction: Henry Ford was Bill Ford's great-grandfather. Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company's Michigan plant that produces the pickup. He was also responsible for the companys first business social corporate citizen report, outlining the economic, environmental and social impact of company products and operations around the world. Bill James, founding partner of James, Ford & Duble Wealth Partners, has been a financial advisor for 29 years. Upon his death, the Henry Ford net worth stood at what would equate to approximately $199 billion nowadays. Goldberg has a net worth of $16 million and features an expensive contract with WWE. Ford Motor Company is a global company based in Dearborn, Michigan. Approx. [23], Ford has been interviewed by several publications such as Bloomberg, the Financial Times, Fortune Magazine, American Banker, The Economic Times, British American Business, Forbes, Expansion, Private Equity International, the Silicon Valley Business Journal, and LEADERS Magazine. The move came roughly a week after he acquired almost 2 million common shares of the company by exercising stock options, some of which were set to expire. One of the most well-known names in American business is perhaps Henry Ford, who revolutionized transportation and created contentious workplaces. Alternative fuel vehicles operate on non-petroleum fuels, such as methanol, compressed natural gas (CNG), propane, and hydrogen. It gives us a face and maybe a humanity that a lot of other companies don't have. The Retail, Wholesale and Department Store Union (RWDSU), yesterday said that, at REI Inc. in Cleveland, Ohio, have voted to join the RWDSU, making this the third unionized REI store in the U.S. William Clay Ford Jr. (born May 3, 1957) is famous for being entrepreneur. In 2000, he declared the organization would realize a 25% improvement in fuel efficiency in the organization 's light truck fleet, including SUVs, by mid-decade. Ford has been the chief executive officer of General Atlantic, a leading growth equity firm, since his appointment in 2007. His estimated net worth was $230 billion. Legal Disclaimer I Sitemap I Website Privacy Notice I Applicant Tracking Privacy Notice I Form CRS. The most active insiders traders include Retiree Medical Benefits Tr, William Clay Jr Ford, and Richard A Manoogian. In 1984 he received an M.S. Under his direction, the firm's assets under management have increased from roughly $12 billion in 2007 to $34 billion as of March 2020. He is founder and former chairman of Southfield-based auto lender Credit Acceptance Corp. Henry Ford II uncle The stock closed Thursday at $25.02 a share, with the company's market value at $99.99 billion. Bill Sr. owned the Detroit Lions for 51 years, but never saw an NFL championship. She joined Ford in . Mr. Ford was Chair of the Finance Committee from 1995 until October 2001 and was elected Chairman of the Board of Directors in January 1999. Net Worth. He has an estimated net worth of $7 million as of 2022. As of 14 April 2022 he still owns at least 14,915 units of Blackrock stock. Ford employs approximately 187,000 people worldwide. News on all your favorite celebs, reality TV, and movies. Ford's restructuring plan, dubbed "The Way Forward", reversed a $1.6 billion loss during 2009 in its North American operations. DETAILS BELOW. Doug Ford's net worth is estimated at $50 million as of 2023. Through the super-voting B stock, the family- which includes Bill Ford Jr., his three sisters, nine cousins and members of the family's fifth generation - controls 40% of the voting power of Ford Motor through a trust. Table of Contents Inception Ford The founder of this company is Henry Ford. On September 5, 2006, Ford announced that he was stepping down as President and CEO, naming former Boeing senior executive Alan Mulally as his replacement. Will the same happen with the latest collaboration, the SR/S-based SR-X? There are no executives at Ford Motor Co getting paid more. 2023 CNBC LLC. DETROIT Ford Motor Chair Bill Ford has been slowly amassing more shares, and control, of the automaker his great-grandfather founded in 1903. He is the company's biggest individual shareholder with 2.3 million. Search; . William Clay Ford, Jr. is an American businessman who has a net worth of $1 billion dollars. 2020 marked the first year since 2001 that Ford's stock has topped $20 a share. "The Mach-E and the Lightning, both their order banks just overwhelmed us," Ford said. [2][non-primary source needed][3][non-primary source needed] Additionally, General Atlantic has expanded its sector coverage through the launch of the global Consumer sector team as well as the expansion of the Healthcare sector to include Life Sciences. How Much Is William Clay Ford Jr Worth? Before Fame. The Retail, Wholesale and Department Store Union (RWDSU), yesterday said that, at REI Inc. in Cleveland, Ohio, have voted to join the RWDSU, making this the third unionized REI store in the U.S. William Clay Ford, Jr. is the great-grandson of Henry Ford. The holdings, which may exclude some trusts, were worth more than $500 million as of Thursday's closing price. He shared his father Edsel's flair for design, overseeing the design direction for some of Ford Motor's best-known vehicles for decades, including his pet project, the 1956 Continental Mark II, one of the most iconic cars ever built. Some of the richest family members are William Clay Ford Jr. & Edsel Ford II, great-grandsons of Henry Ford. That's quadruple the roughly 4 million, or 5.7%, he owned in 2012, according to FactSet. The great-grandson of company founder Henry Ford, Ford joined the board in 1988 and has served as chairman since January 1999. 2023 Forbes Media LLC. In 1984 he received an M.S. Mother: Martha Firestone: Net Worth: $2 billion as of Mar 14,2017: Sun Sign: Taurus: Born in: Detroit, Michigan, United States: Famous as: American businessman . In another case, Ford might be a stranger, fortunately for you, we have compiled all you need to know about Ford's wiki, today's net worth as of 2023, inception, evolution, achievements, and more facts. He was proud of the family's role in building and sustaining the company through many crises. In 1975, he graduated from the Hotchkiss School in Connecticut, and his name is actually listed on the school website under the list of successful alumni. Mr. Ford owns over 267,697 units of Ford Motor Co stock worth over $55,180,704 and over the last 20 years he sold F stock worth over $50,735,709. At that time, Bill was the highest-paid wrestler, earning $2.5 million a year. On average, William trades about 524,319 units every 22 days since 2016. All Rights Reserved. An annual evaluation of performance and competency, and coaching and counseling on 2021 Ford Motor Company & Ford Credit GSR Benefits Summary 6 It's connecting to the customer, it's all the services that will be developed around electrification.". Then, the family had a net worth of $2 billion. All Rights Reserved. He earned a degree His estimated net worth in the year 2013 was around US$1.4 billion. "I'm in this for the long haul. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. At last year's shareholders meeting, 36.3% of voters supported a system that gave every share an equal vote, slightly higher than the 35.3% average since 2013. More than 100 years after Henry Ford introduced his Model T and revolutionized automobile production, a family member still sits atop the company: Chairman William Clay Ford, Jr. He cemented the family dynasty by insisting they retain super-voting rights when Ford went public in 1956. In September 2006, he stepped down as the company's CEO and president but he retained his post as the executive Chairman. [6][failed verification], Ford serves as Chair of Rockefeller University and serves on the board of trustees of the Memorial Sloan Kettering Cancer Center. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide. The largest trade he's ever made was selling 3,527,854 units of Ford Motor Co stock on 5 August 2010 worth over $45,685,709. His successes include founding the companys first wildlife habitat at a plant location, and the first automotive plant in the world to use post-consumer materials in all of its plastic parts. Bill Murray net worth vs Harrison Ford net worth: Half as big: Bill Murray net worth vs Drake net worth: 7% smaller: Bill Murray net worth vs Beyonce net worth: 5 times smaller: Wiki Bio of Bill Ford net worth is updated in 2023. The New England Patriots plan to release 37-year-old quarterback Brian Hoyer at the beginning of the 2023 league year, as first reported by SiriusXM NFL's Adam Caplan. The former undrafted free agent's contract includes $1.4 million in remaining guaranteed salary. Ford joined the board in 1988 and has served as chairman since January 1999.