Henry Ford Net Worth (2022)

What was Henry Ford's Net Worth?

Henry Ford was an American entrepreneur who founded the Ford Motor Company. At the time of his death, Henry Ford had a net worth worth equal to $200 billion dollars adjusted for inflation. That makes him one of the wealthiest human beings who ever lived.

In the 1920s, Henry Ford controlled an estimated $1.2 billion in personal wealth. When a reporter once asked him to estimate his fortune, Henry replied:

"I don't know, and I don't care!"

Ford left most of his vast wealth to the Ford Foundation and arranged for his family to control the company permanently.

Henry Ford was a pioneering figure in the advent of the assembly line. Contrary to popular belief, Ford did not invent the automobile nor did he invent the assembly line, but he was the first to develop and manufacture an affordable automobile for middle class Americans. By achieving this, Ford converted the automobile from a relatively unknown invention into an innovation that profoundly impacted the landscape of the twentieth century. His Ford Model T automobile revolutionized American transportation, while his consumerist vision resulted in the franchise system of car dealerships.

(Video) Here's How Much Money Henry Ford Would Be Worth Today

As the owner of the Ford Motor Company, he became one of the richest and best-known people in the world. He was committed to lowering costs and creating a franchise system that put Ford dealerships throughout most of North America, and in major cities on six continents.

In 1891, he became an engineer with the Edison Illuminating Company. He was promoted to Chief Engineer in 1893, and had enough time and money to devote attention to his personal experiments on gasoline engines. He perfected these experiments and in 1896 completed a self-propelled vehicle that he named the Ford Quadricycle.

The Ford Motor Company was founded on June 16, 1903, with $28,000 in capital. The Model T was introduced by Ford Motor Company on October 1, 1908. It had the steering wheel on the left, which every other company soon replicated. The entire engine and transmission were enclosed; the four cylinders were cast in a solid block; and the suspension used two semi-elliptic springs. The car was very simple to drive, and easy and cheap to repair, which is what made it stand out from the other automobiles of its time. It was so inexpensive at $825 that everyday people could afford to buy them.

By 1918, half of all cars in America were Model T's. All new Model T's were black; as Ford wrote in his autobiography, "Any customer can have a car painted any color that he wants so long as it is black". This helped him create an efficient assembly line that paved the way for an affordable automobile. By the 1920s, a majority of American drivers had learned to drive on the Model T.

Throughout his career, Ford voiced his opposition to Labor Unions, authored some anti-Semitic books, and bought out his investors so his family could maintain sole ownership of the company.

(Video) What would Henry Ford's net worth be today?

Henry Ford Net Worth (1)

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Table of Contents

  1. Early Life
  2. Career Beginnings
  3. Ford Motor Company
  4. Employee Labor
  5. Ford Airplane Company
  6. Anti-Semitism
  7. Wife and Son
  8. Later Years and Death
(Video) Inside The Trillionaire Lifestyle Of Henry Ford

Early Life

Henry Ford was born on July 30, 1863 on a farm in Springwells Township, Michigan to Mary and William. He was of Irish, English, and Belgian descent, and had four younger siblings named Margaret, Jane, William Jr., and Robert. Ford went to Springwells Middle School, a one-classroom school; after graduating, he never went to high school.

Career Beginnings

When his mother passed away in 1876, Ford bucked his family's expectations and left the farm to become an apprentice machinist in Detroit. He first worked for James F. Flower & Bros., and then with the Detroit Dry Dock Co. Ford returned to the farm in 1882, where he learned how to operate a Westinghouse portable steam engine; he went on to work for Westinghouse. Ford continued to cultivate his machine-building and -operating skills over the subsequent years, repairing an Otto engine in 1885 and building a four-cycle engine model in 1887. Later, he worked on a two-cylinder engine, and completed his first motor car.

In 1891, Ford joined the Edison Illuminating Company of Detroit as an engineer. Using his earnings, he spent time experimenting with gasoline engines. This eventually resulted in his 1896 Ford Quadricycle, his first self-propelled vehicle. Ford designed and constructed another vehicle in 1898. He subsequently resigned from the Edison Illuminating Company and founded the Detroit Automobile Company; however, his company failed to achieve success and was shuttered in early 1901. Later that year, Ford designed and built a 26-horsepower car with the help of engineer C. Harold Wills. He went on to form the Henry Ford Company, which he soon left.

(Video) Comparison: History's Wealthiest People

Ford Motor Company

With coal dealer Alexander Young Malcomson, Ford formed the partnership Ford & Malcomson to manufacture cars. However, they struggled with sales, and ran into trouble when their suppliers, John and Horace Dodge, demanded to be paid for their shipment. To resolve the situation, Malcomson brought in a group of investors and reincorporated Ford & Malcomson as the Ford Motor Company; he then gave the Dodge brothers a portion of the company. In 1908, Ford debuted its flagship product, the Model T. Featuring a left-side steering wheel, enclosed engine and transmission, and semi-elliptic spring suspension, the car quickly revolutionized American transportation. Cheap and easy to drive, the Model T soon became the most popular automobile in the nation. To boost sales, Ford launched a massive publicity campaign with ads in every newspaper.

In 1913, Ford helped further revolutionize American industry with his introduction of the assembly line, which permitted a major increase in production. By 1918, half of all automobiles in the US were Model Ts. However, trouble was on the horizon, as General Motors was working its way up to becoming the leading car manufacturer in the country. By 1926, the popularity of the Model T was fading, prompting Ford to create a new model: the Model A. Despite resisting many of the day's automobile innovations, in 1932, Ford introduced the flathead Ford V8, the first affordable eight-cylinder engine.

Employee Labor

Notably, Ford was a pioneer of welfare capitalism. In 1914, he offered an unheard-of $5-per-day wage, which amounts to $140 today. He also introduced a reduced workweek in 1926 that inaugurated the modern 9-to-5 schedule. Despite these efforts to attend to employee welfare, Ford was emphatically anti-union. To thwart union organizing, he assigned former Navy boxer Harry Bennett as the head of the service department; Bennett was known to use myriad intimidation tactics in this position. Numerous sociopolitical flare-ups ensued, including a protest by unemployed Detroit auto workers that was fired upon by police and Ford security guards.

Ford Airplane Company

During World War I, Ford ventured into the aviation industry as a manufacturer of Liberty engines. The company continued in this line of work after the war, and in 1925, acquired the Stout Metal Airplane Company. Ford had its most successful aircraft with the 4AT Trimotor, which used a new, corrosion-resistance alloy known as Alclad.

Anti-Semitism

Ford was a vehement anti-Semite, and perpetuated conspiracy theories that blamed Jewish people for social ills and various historical atrocities. He promulgated much of his anti-Semitism through his newspaper, "The Dearborn Independent," which ran from 1920 until 1927. Notably, Ford was the only American praised by Hitler in the dictator's manifesto "Mein Kampf"; he also received the Grand Cross of the German Eagle, the highest medal awarded to a foreigner in Nazi Germany.

(Video) Inside Henry Ford II's 42-acre Palace That Sold For $105,000,000

Wife and Son

In 1888, Ford wed Clara Jane Bryant. The couple had one child named Edsel, who passed away from cancer in 1943.

Later Years and Death

Following a series of strokes, as well as questionable mental fitness and the loss of his son, Ford was losing control of his company by the early 40s. Approaching bankruptcy, he was ordered by his wife and daughter-in-law to relinquish control of the company to his grandson Henry II. Ford relented, as the pair had threatened to sell all their stock if he declined; in 1945, he officially retired.

In 1947, Ford passed away at his estate in Dearborn, Michigan from a cerebral hemorrhage. He was 83 years of age.

FAQs

How Much Would Henry Ford be worth now? ›

How much was Henry Ford worth at death? ›

Henry Ford was an American entrepreneur who founded the Ford Motor Company. At the time of his death, Henry Ford had a net worth worth equal to $200 billion dollars adjusted for inflation. That makes him one of the wealthiest human beings who ever lived.

Who got Henry Ford's money? ›

Per his will, Ford's money and assets were to be left to DuRoss Ford, his three children from his first marriage (Edsel, Ann, and Charlotte), and his grandchildren. DuRoss Ford received a trust that was guaranteed to pay out at least $1.5 million a year, provided trustees agreed.

What did Henry Ford do with his wealth? ›

Ford donated most of his money to charities such as the Susan G. Komen cure. Ford also established a hospital and left money for his son to establish a foundation, later known as the Ford Foundation.

Is the Ford family still rich? ›

There are 71 million Class B shares worth about $1.8 billion held by descendants of company founder Henry Ford.

Who is the richest member of the Ford family? ›

William Clay Ford, Jr. Ford Family Net Worth As of November 2020, 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.

Who is the richest family in the world? ›

Which 10 Families Are the Wealthiest?
  • The Waltons with $212 billion24.
  • The Mars family with $142 billion.
  • The Kochs with $124 billion.
  • The Hermès family with $112 billion.
  • The Sauds with $100 billion.
  • The Ambanis with $94 billion.
  • The Wertheimers with $62 billion.
  • The Johnsons with $61 billion.

Who was the first billionaire? ›

The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.

Do the Ford family still own Ford? ›

Is the Ford Company Still Owned by the Ford Family? The Ford Family only partially owns the Ford Company. Non-family members like Joseph Henrich and Mark Fields now own major shares in the company.

Is Ford still owned by America? ›

Yes, Ford is considered American. Like other multinational auto corporations, Ford Motor Company has interests in other places. But Ford's beginnings are entwined with American history, and the legacy lives on through the Ford family.

Who owns Ford now? ›

William Clay Ford Jr.

William “Bill” Clay Ford Jr. is the great grandson of Henry Ford himself, and currently holds the position of Executive Chairman at Ford Motor Co. As of March 2018, Bill owns 6.8 million shares of common Ford Motor Co. stock.

How much did Ford pay his workers? ›

In January 1914, Henry Ford started paying his auto workers a remarkable $5 a day. Doubling the average wage helped ensure a stable workforce and likely boosted sales since the workers could now afford to buy the cars they were making. It laid the foundation for an economy driven by consumer demand.

What is Henry Ford's most famous quote? ›

"There is no failure except failure to serve one's purpose." Source: Ford News, p.

How much money did Henry Ford make off the Model T? ›

The Model T was manufactured on the Ford Motor Company's moving assembly line at Ford's revolutionary Highland Park Plant. Due to the mass production of the vehicle, Ford Motor Company could sell the vehicle for between $260 and $850 as Henry Ford passed production savings on to his customers.

How much is Ford in debt? ›

The Ford Motor Company reported total debt around 138 billion U.S. dollars in 2021. Total debt comprises automotive debt, credit debt, and other debt.

Who owns the most shares of Ford? ›

The Vanguard Group, Inc.

Who owns the Henry Ford? ›

A national historic landmark nestled on the UM-Dearborn campus and home to the automotive pioneer Henry Ford and his wife, Clara for more than 30 years, the Estate has been owned and operated by the university for 53 years.

How much is Donald Trump worth? ›

Who was the richest American ever? ›

Business magnate and philanthropist John D. Rockefeller is widely considered the richest American in history.

Who is richest king in the world? ›

The richest individual monarch is King Maha Vajiralongkorn (Rama X) of Thailand with an estimated personal wealth of at least $30 billion (£22.4 billion).

Does China own Ford? ›

The company's principal activity is the manufacture of Ford brand passenger cars for the Chinese market.
...
Changan Ford.
TypeJoint venture
Area servedChina
Key peopleHe Xiaoqing (President and CEO) Zhao Fei (Executive Vice President)
ProductsAutomobiles
OwnerChangan Automobile (50%) Ford Motor Company (50%)
8 more rows

Is Henry Ford Jr still alive? ›

Ford died of pneumonia in Detroit at Henry Ford Hospital on September 29, 1987, at age 70. After a private funeral service at Christ Church Grosse Pointe, his remains were cremated and the ashes scattered.

What is Elon Musk net worth today? ›

Are the Rockefellers still rich? ›

How much is the Rockefeller family worth today? Rockefeller family's Net Worth is over $360 Billion Dollars.

What family has the oldest money? ›

The Vanderbilt Family

The Vanderbilts are one of America's oldest old money families. The family is of Dutch descent, and rose to prominence during the Gilded Age in the final decades of the 19th century. Cornelius Vanderbilt, born in 1794, grew up in poverty, but managed to marry above him.

What is the richest country in the world? ›

Here are the 10 richest countries in the world:
  • United States - $18.62 Tn.
  • China - $11.22 Tn.
  • Japan - $4.94 Tn.
  • Germany - $3.48 Tn.
  • United Kingdom - $2.65 Tn.
  • France - $2.47 Tn.
  • India - $2.26 Tn.
  • Italy - $1.86 Tn.

Who is No 1 richest person in the world? ›

In the 33rd annual Forbes list of the world's billionaires, the list included 2,153 billionaires with a total net wealth of $8.7 trillion, down 55 members and $400 billion from 2018.
...
2019.
NameBill Gates
Net worth (USD)$96.5 billion
Age63
NationalityUnited States
Source(s) of wealthMicrosoft
9 more columns

Who was the first female billionaire? ›

BIOGRAPHY OF OPRAH WINFREY: An Inspiring Story of the First Female Billionaire on Forbes List: E.

Who is the youngest billionaire? ›

Bill Gates became the world's youngest-ever billionaire at the age of 31 in 1987. In 1995, he became the world's richest man with a net worth of $12.9 billion.

Did the Ford family own slaves? ›

The Ford v. Ford case was created following the death of Loyd Ford of Washington County. Ford owned slaves and penned a will that freed the slaves and presented them his property upon his death.

Is William Clay Ford still alive? ›

Detroit Lions owner and chairman William Clay Ford Sr. has died of pneumonia at his home, team president Tom Lewand announced Sunday. Ford was 88. Ford, the last surviving grandson of Henry Ford, was a staple in the Detroit community.

Who was the last Ford Ford run? ›

CEOs and Chairmen
No.NameLeft office
William Clay Ford Jr.Present
10Alan MulallyJuly 1, 2014
11Mark FieldsMay 22, 2017
12James HackettSeptember 30, 2020
14 more rows

Why is Ford not making cars anymore? ›

Why Isn't Ford Making Cars Anymore? Ford is cutting their car lineup to just one model due to a lack of consumer demand and interest. These days, Ford has noticed shoppers buying more Ford Escape and Explorer SUVs, as well as Ford F-150 trucks.

Where are Ford chips made? ›

In response to the global chip shortage, many automakers are forging new partnerships or making a move to produce the chips themselves. Ford is no different—while it's not going to make chips in-house, it recently signed a deal with GlobalFoundries of Malta, New York, to provide additional chips.

When did Ford stop making cars? ›

Ford to Stop Producing Cars Here by 2020, Except for…

A major plank of Ford Motor Company's platform of having 90 percent of its North American sales consist of trucks and SUVs by 2020 has been divulged. The automaker will eliminate all but two cars from its North American lineup by that year.

How much money does Ford make a year? ›

Ford Motor revenue for the twelve months ending June 30, 2022 was $148.027B, a 8.5% increase year-over-year. Ford Motor annual revenue for 2021 was $136.341B, a 7.23% increase from 2020. Ford Motor annual revenue for 2020 was $127.144B, a 18.45% decline from 2019.

How much does Ford owe the government 2020? ›

Documents filed by Ford show the company owes payments of $591 million in 2020, $591 million in 2021 and $289 million in 2022.

How many cars did Henry Ford make a day? ›

Within two years of its incorporation in 1903 the Ford Motor Company was producing 25 cars a day. Prior to the introduction of the assembly line, the record time for building one car stood at 12 hours and 13 minutes. In 1913 Henry Ford introduced the assembly line to help reduce the cost of the already popular Model T.

Who created a 5 day work week? ›

The five-day, 40-hour workweek became part of American labor law partly due to Henry Ford. In 1926, the founder of the Ford Motor Company took his six-day-a-week operation down to five days per week, with no changes in employee compensation.

How does Ford treat their employees? ›

Ford is a great company that treats its employees well. They have regular career discussions, and there is plenty of opportunity for movement and growth. Can be bureaucratic, and sometimes people are afraid to take risks.

Did Henry Ford say faster horses? ›

When asked about customer input in the development of the Ford Model T, Henry Ford famously said, "If I had asked people what they wanted, they would have said faster horses."

What is Ford's motto? ›

The “Built Ford Tough” slogan has been around since 1979 and it's held strong ever since. Ford sees no reason to get rid of an advertising gimmick that has helped them sell millions of trucks.

What did Henry Ford invent? ›

For What Is Henry Ford Best Known? Henry Ford founded the Ford Motor Company and invented the Model T car. He also introduced the moving assembly line method of production to car manufacturing.

How much would a Ford Model T cost today? ›

As a result, there's a whole price range for surviving Model T vehicles in 2022. Model T vehicles produced from 1909 to 1927 have sold for as much $110,000 in the last five years, according to Classic.com. Over that period of time, Model Ts have sold for an average of $16,093.

How many Model A Fords still exist? ›

Rarest Model A's
Total Model A production, all models:4,320,446
Total '32 Ford production, all models:287,285
1 Feb 2011

How many Model Ts are left? ›

It is estimated there are 100,000 Model T's still on the roads of the world and still running.

Who is the richest member of the Ford family? ›

William Clay Ford, Jr. Ford Family Net Worth As of November 2020, 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.

What is Ford net worth 2022? ›

Ford Motor net worth as of September 29, 2022 is $48.97B. Ford Motor Company designs, manufactures, markets and services cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles. Apart from vehicles, the company provides financial services through Ford Motor Credit Company LLC.

Was Henry Ford the richest man in the world at his time? ›

Henry Ford was not the richest man in the world. While he was one of the wealthiest Americans of his time, there were others who had more money. The four wealthiest Americans ever are Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, and William Henry Vanderbilt.

Who was the first billionaire? ›

The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.

Do the Ford family still own Ford? ›

Is the Ford Company Still Owned by the Ford Family? The Ford Family only partially owns the Ford Company. Non-family members like Joseph Henrich and Mark Fields now own major shares in the company.

Who owns Ford now? ›

William Clay Ford Jr.

William “Bill” Clay Ford Jr. is the great grandson of Henry Ford himself, and currently holds the position of Executive Chairman at Ford Motor Co. As of March 2018, Bill owns 6.8 million shares of common Ford Motor Co. stock.

How much is Ford in debt? ›

The Ford Motor Company reported total debt around 138 billion U.S. dollars in 2021. Total debt comprises automotive debt, credit debt, and other debt.

Is Ford in trouble financially? ›

Based on the latest financial disclosure, Ford Motor has a Probability Of Bankruptcy of 52%. This is 25.63% higher than that of the Consumer Cyclical sector and 13.71% higher than that of the Auto Manufacturers industry. The probability of bankruptcy for all United States stocks is 30.55% lower than that of the firm.

What is Tom Cruise's net worth 2022? ›

As of August 2022, Tom Cruise's net worth is estimated to be around $600 Million. Cruise is all throughout the 20's decade one of the highest-paid actors.

Is Bruce Willis rich? ›

Bruce Willis's Net Worth is $255 Million.

He was born on a military base. He is known for the role of John McClane in the movie “Die Hard” and its four sequels and he has appeared in over 60 films. Bruce Willis is one of the greatest, finest, and most famous names in Hollywood and other film industries.

Is Elon Musk richer than Rockefeller? ›

Rockefeller are counted among the richest person ever in the world. Currently Amazon's Jeff Bezos and Tesla's CEO Elon Mask are the richest.

How much is Donald Trump worth? ›

How much is the Rockefeller family worth? ›

How much is the Rockefeller family worth today? Rockefeller family's Net Worth is over $360 Billion Dollars.

Who is No 1 richest person in the world? ›

In the 33rd annual Forbes list of the world's billionaires, the list included 2,153 billionaires with a total net wealth of $8.7 trillion, down 55 members and $400 billion from 2018.
...
2019.
NameBill Gates
Net worth (USD)$96.5 billion
Age63
NationalityUnited States
Source(s) of wealthMicrosoft
9 more columns

Who was the first female billionaire? ›

BIOGRAPHY OF OPRAH WINFREY: An Inspiring Story of the First Female Billionaire on Forbes List: E.

Who is the youngest billionaire? ›

Bill Gates became the world's youngest-ever billionaire at the age of 31 in 1987. In 1995, he became the world's richest man with a net worth of $12.9 billion.

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