What is William Clay Ford Jr.’s Net Worth and Salary?
William Clay Ford, Jr. is an American businessman who has a net worth of $1 billion {dollars}. William Clay Ford, Jr. is the great-grandson of Henry Ford. He is the Executive Chairman of Ford Motor Company. Ford can be the Vice Chairman of the Detroit Lions NFL franchise.
Early Life
Ford was born on May 3, 1957 in Detroit, Michigan. His father was William Clay Ford Sr. and his mom is Martha Firestone. On his mom’s facet, his grandparents are Harvey S. Firestone Jr. and Elizabeth Parke and on his father’s facet, his grandparents are Edsel Ford I and Eleanor Lowthian Clay. He grew up along with his three sisters – Martha, Sheila, and Elizabeth. The family is of Irish, English, and Belgian descent.
Ford attended Hotchkiss School in Connecticut and graduated in 1975. He then attended Princeton University and graduated with a level in historical past in 1979. He wrote his senior thesis on his great-grandfather, Henry Ford, and the labor motion. He was additionally president of the Ivy Club and performed on the college’s rugby group. He labored for a couple of years at Ford earlier than returning to highschool, enrolling on the MIT Sloan School of Management as a Sloan Fellow and incomes an M.S. in Management in 1984.
Career
After ending his diploma at Princeton, Ford started working at Ford Motor Company in 1979. He held a variety of completely different positions in his early years with the corporate, starting in product growth after which on the monetary employees, which is the place many future executives of the corporate start. He spent a number of years as a mid-ranking government in product growth and likewise headed the Climate Control Division for a quick time period. By the late Nineties, the was in control of Ford’s heavy truck operations.
He gave up his government positions within the heavy truck division to turn out to be chairman of the finance committee on the board of administrators. He was elected chairman of the board in September of 1998, taking workplace on the primary of January in 1999. By 2001, he was chief government officer after former CEO, Jacques Nasser, was ousted.
Under Ford’s path, the corporate made a variety of technological advances particularly within the space of accelerating gas effectivity and creating electrical and hybrid automobiles. The Hybrid Electric Escape was launched to the market, which on the time was essentially the most fuel-efficient SUV available on the market. Many of the opposite automobiles in Ford’s lineup additionally acquired hybrid-electric powertrain choices. Ford introduced that half of the car lineup could be accessible with these hybrid upgrades by 2010.
He additionally directed the corporate to proceed creating new engine applied sciences, such hydrogen-fueled inner combustion engines, in addition to different hybrid-electric programs. During this time, the corporate closely marketed a variety of their excessive effectivity crossover SUVS just like the Ford Freestyle and the Volvo XC70. They additionally developed now crossover SUVS, together with the Ford Edge and the Lincoln MKX. Additionally, the corporate targeted on creating versatile gas, various gas, and twin gas automobiles, all of that are designed to scale back the necessity for gasoline. Many of the automobiles had been texted in varied types of public transportation, like buses and taxis, and a few had been bought to the general public for personal use.
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In 2006, then Ford president and chief operation officer, Jim Padilla, retired. Ford assumed these roles as nicely. However, quickly afterward, Ford introduced he could be stepping down as president and CEO and named former Boeing senior government Alan Mulally as his substitute. He continues to function Ford’s government chairman.
After stepping down, Ford has turn out to be a vocal advocate for enhancements and reforms to the worldwide transportation system, as he foresees varied issues as the worldwide inhabitants continues to develop and put higher calls for on the present system. In January of 2010, he introduced the launch of a strategic funding agency referred to as Fontinalis Partners. The agency’s goal is to put money into varied modern corporations which can be targeted on creating next-generation mobility options within the international provide chain and transportation programs. He co-founded the agency with Ralph Booth of Booth American Company, Mark Schulz of Ford Motor Company, Chris Cheever, and Chris Thomas.
Outside of his involvement with Ford Motor Company, Ford additionally serves because the vice chairman of the Detroit Lions NFL franchise. The Ford family has an extended historical past with the Detroit Lions as William Clay Ford Sr., Ford’s father, owned the group from 1963 till his demise in 2014. Ford obtained concerned within the administration of the group in 1980 and helped breath new life into the group. Ford additionally serves as a boss on the United States-Mexico Chamber of Commerce.
Personal Life
Ford is married to Lisa Vanderzee Ford. They met whereas they had been each learning at Princeton, although Lisa was a freshman whereas Ford was a senior. Four years after they met, they had been married in 1983. The couple have 4 youngsters collectively – two boys and two women. He has adopted a vegetarian weight-reduction plan since 1990 and have become vegan in 2010. He has a variety of hobbies. He performs the guitar and enjoys people music. He additionally has his black belt in tae kwon do and has an curiosity in varied types of Eastern philosophy and custom, akin to yoga and Buddhism.
All web worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate personal suggestions and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button beneath.
