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Henry Ford Net Worth

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Henry Ford's Net Worth as of 2024
$200 Billion

Henry Ford was born on 30 July 1863, in Greenfield Township, Michigan USA into a farming family of Irish-English (father) and Belgian (mother) descent. The Ford name still lives through the automobile manufacturing company Henry founded, and he is remembered in particular through his adaption of the assembly line to produce a vehicle affordable to many – the Model-T Ford. Henry Ford died on 7 April 1947.

So just how rich was Henry Ford? Authoritative sources estimate that Ford’s net worth rose to almost $200 billion in today’s figures, which puts him into the top 10 richest people of all time. His fortune was accumulated during a working life spanning more than 60 years, beginning in the period when the industrial revolution had reached fruition in the USA, making several businessmen very wealthy, including John D. Rockefeller (oil) and Andrew Carnegie (steel) – Ford neatly combined the two.

Henry Ford Net Worth $200 Billion

Henry Ford2

Henry was expected to take over the family farm, but his fascination with things mechanical – initially clocks and watches – saw him become an apprentice machinist, but then spend some years on the farm maintaining the steam engine, although meantime hired by Westinghouse to do the same work, plus studying accountancy. One can now see how this grounding was to lead to his future success.

Ford joined the Edison Illuminating Company in 1891 as an engineer, quickly becoming chief engineer just two years later. Supported by Thomas Edison among others, and with his own money – which formed all his net worth at the time – Henry worked on developing a gasoline engine, and then his Quadricycle, version two of which formed the basis of sales from the Detroit Automobile Company which Henry founded in 1899. However, the company lasted only until 1901, as quality was low and costs high.

In the same year, with the support of shareholders, he founded the Henry Ford Company, but he soon left his own company over disagreements with the shareholders, and after building and racing a 28-horsepower car to publicise his product – including setting a land speed record of 91mph(147kph) – formed The Ford Motor Company in 1903 with assets of just $28,000, with the support of Alexander Malcolmson and the Dodge Brother, among others. His net worth was set to rise!

Henry Ford released his Model-T in 1908 at a cost of $825, and marketed it through franchises, so that both he and they profited. Sales reached 250,00 by 1924, and 472,000 two years later, by which time the price had dropped to $360, around $7,000 in 2016 money. The last Model-T was produced in 1927, the 15 millionth. During production, Henry developed the assembly line, thus lowering cost and price, so reaching a larger market. Ford also increased salaries – to $5 per day ($140 today) – in 1924, and an eight hour day, 48-hour week in 1922, so that workers would be keen to stay and utilise their experience to rapidly increase output, in fact to over one million cars in 1920. Workers who stayed six months, proved their worth and behaved correctly were also rewarded with a share in company profits.

In terms of net worth, his company made huge profits, as well as benefiting society and employees,. His highest earnings were in 1920, aged 57, and by the mid-1920s, Henry’s own net worth is estimated to have been over $1.2 billion. Henry had relinquished the presidency of the company to son Edsel in 1919, but maintained authority. To retain complete control, the Henry Ford and Son Company was formed, to which most assets were transferred, including workers, thereby persuading shareholders to sell out.

The Model-T became outdated by the mid-1920s, so the Model A was introduced, and a policy of annual change was instituted. Meantime the company had produced aircraft engines during World War 1, as well as tractors and trucks in the UK, even prior to the US entry into the war. Of course Henry Ford prospered, even though he was anti-war in itself. Subsequently, Ford went on to dominate the world automobile market, producing over 30% of the world’s vehicles by 1932, through factories established in 10 countries as well as the USA. Additionally, he had advised the Soviet Union on establishing a separate manufacturing plant, initially assembling Ford vehicles shipped from the USA, and eventually moving to produce independently.

During World War 2 Ford was problematic to the US government, as he continued dealing with Germany prior to the US entry, even using slave labour in his European factories, although not at his instigation. He was awarded the Grand Cross of the German Eagle, and his anti-Jewish posturing was thinly disguised, blaming them among ‘…other greedy financiers who sought profit in human destruction…’ for the slide into war. However, when the US became involved, Ford subsequently produced over 9,000 B-24 ‘Liberator’ aircraft in a special factory near Detroit.

A number of strokes in the late 1930s had left Henry Ford physically and mentally debilitated, and although he had nominal control of the company after Edsel’s death in 1943, after the conclusion of the war, his faculties were clearly declining, with his jealousy of successful executives even forcing seniors out of the company. Fortunately for the company, Edsel’s widow Eleanor had her son Henry Ford II made president of the company, and he had complete control by 1947, assured by Henry’s passing.

Henry Ford was a known philanthropist, but generally preferred to donate personally, to individuals rather than through organisations. However, he contributed significantly to the building and running of Detroit Hospital, subsequently named Henry Ford, and turned his property of Dearborn near Detroit into a museum of Americana, still one of the largest in the USA. He is believed to have regularly given away about a third of his income.

In his personal life, Henry Ford married Clara Jane Bryant in 1888; their only child, Edsel, died of cancer in 1943.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Billionaires

Warren Buffett Net Worth

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Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.

So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.

Warren Buffett Net Worth $77 Billion

Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.

Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.

Warren  Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.

Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.

In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.

Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.

In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.

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Billionaires

Jefferey Hildebrand Net Worth

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Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.

Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.

Jeffery Hildebrand Net Worth $4.2 Billion

Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.

However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.

Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.

The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.

When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.

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