Akio Toyoda Net Worth 2024

What is Akio Toyoda’s Net Worth?

Akio Toyoda is a Japanese enterprise govt who has a net worth of $600 million. Akio Toyoda is the grandson of Kiichiro Toyota, Toyota’s founder, and the son of Shoichiro Toyoda, the person who led the corporate to prominence. Akio Toyoda served because the president of Toyota Motor Corporation from 2009 to 2023. Today Toyota is among the largest vehicle producers on the earth. Akio Toyoda can be the grandson of Shinshichi Iida, the founding father of the Takashimaya division retailer firm.

Toyota Stock Holdings

According to the corporate’s most up-to-date disclosure, Akio Toyoda managed 4,752,895 shares of Toyota inventory. On the day he stepped down in April 2023, Toyota’s inventory was buying and selling at round $140 per share. At that stage, Akio’s shares had been value $665 million.

In January 2022, Akio Toyoda was briefly a billionaire (on paper) when Toyota inventory hit $210 per share.

At the time of his father’s retirement in 2009, the final level the corporate made a disclosure, Shoichiro Toyoda owned 11,176,193 shares of the corporate. Shoichiro Toyoda died in 2023.

Salary

Akio Toyoda’s base wage on the time he stepped down was 685 million yen, which is identical as round $5 million USD.

Early Life and Education

Akio Toyoda was born on May 3, 1956 in Nagoya, Japan because the eldest son of Hiroko and Shoichiro. Born to an industrial family, his great-grandfather Sakichi Toyoda was the founding father of Toyoda Automatic Loom Works, whereas his grandfather Kiichiro Toyoda based Toyota Motor Corporation. Another grandfather, Shinshichi Iida, was the founding father of the Takashimaya division retailer company. The family line has lengthy dominated the higher administration of those companies.

For his increased schooling, Toyoda went to Keio University in Tokyo, Japan, the place he earned an undergraduate legislation diploma. He subsequently moved to the United States for graduate faculty, attending Babson College in Wellesley, Massachusetts. From that establishment, Toyoda obtained his Master of Finance diploma. He went on to return to Japan to affix the family enterprise in 1984.

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Toyota Motor Corporation

As the grandson of the founding father of Toyota Motor Corporation, Toyoda joined the corporate’s board of administrators in 2000. Five years later, he was promoted to govt vice chairman. Finally, in early 2009, Toyoda was named the brand new president of the corporate, succeeding Katsuaki Watanabe. As a passionate driver and auto racing fan, he spent a lot of his time as president selling Toyota’s sports activities fashions, such because the Lexus IS F and Lexus LFA. Moreover, beneath the pseudonym Morizo Kinoshita, Toyoda participated at numerous racing occasions, together with the 2009 24 Hours Nürburgring. In 2016, he authorized the event of the GR Yaris, and went on to check drive the automobile at a monitor in Hokkaido. Although he crashed the primary take a look at automobile, Toyoda continued to drive additional growth prototypes.

One of probably the most notable occasions that occurred throughout Toyoda’s presidency was the large international recall of Toyota autos from 2009 to 2010. In the wake of the recall, he was invited to testify earlier than the United States Congress. Accompanied by Toyota Motor North America president and COO Yoshimi Inaba, Toyoda apologized for the standard management points and reasserted the deep historic ties between Toyota and the United States. Since then, the corporate has trended towards a number of idea automobiles with battery electrical drivetrains. On April 1, 2023, Toyoda stepped down as president of Toyota and have become chairman of the board.

Personal Life

Toyoda is married to his spouse Yoki, the daughter of the previous director of Mitsui Bank. Together, they’ve a son named Daisuke.