The Ford Family is one of the wealthiest families in the world. This family has its deep roots in Michigan, situated in the United States. As the name of the company suggests, the family is concerned with the American automobile manufacturer—Ford motor company which is better and more commonly known as food. The franchise was found in the year 1903 by Henry Ford on the 16th of June. The grandson of legendary Henry Ford named William Clay Ford Sr. since 1963, along with his entire family, have wisely functioned the Detroit lions franchise under the National football league.
The franchise trades vehicles and automobiles commercially under Ford’s brand name and sells luxury cars under the brand name Lincoln franchise. The company has not just limited its services to America but has served the entire world with its impressive long list of unique vehicles. Ford has Brazilian SUV manufacturer Troller where Aston Martin holds a stake of 8% from the United Kingdom and Jiangling motors holds a stake of 32%. The company has shared a warm handshake with China (Changan Ford), Turkey (Ford Ottoson), Russia (Ford Sollers), Thailand (Auto Alliance Thailand), and many more nations.
Well, how well do you know about The Ford Family? If not much, we have compiled all you need to know about The Ford Family’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about The Ford Family to date.
Inception
The Ford Family is the most popular family around the world, which is ruling the automobile industry. The family is from Michigan, United States, and best known for their control on the franchise called Ford Motor Company, one of the largest automobile manufacturers. The grandson of Henry, who was christened as William Clay Ford Sr.and his whole kin has managed the franchise entitled as Detroit Lions of the National Football League since the year 1963.
Though the family of ford has declined the ownership stake to less than two percent in the automobile industry as of 2010, however, the Ford Family has retained operational control via a particular class of stock established in the history of the company and made its initial public offering in the year 1956. The wealthiest family owns Class B shares of the conglomerate, collectively entitled to elect forty percent of the franchise’s board of directors. The remaining sixty percent are elected by the holders of the franchise’s publicly traded common stock.
Evolution
One of the most vital shareholders of the most giant automobile conglomerate was William Clay Ford Sr. who was the grandson of Henry Ford. He has served on the board of Ford Motor Conglomerate and was the last surviving grand child of the legendary man-Henry Ford. William Clay Ford was born in 1925 and left this world in 2014. He is credited with redesigning a vehicle that his beloved dad created under the name Lincoln Continental. He was appointed as one of the board of directors for the automobile franchise just a year after his grandfather’s death in 1947.
Since the year 1961, he has worked as the President and minority owner for Detroit Lions, and under him, the team has a great time. He has worked in the Design Committee as a Chairman of the Ford Motor Company for the whole 32 years, that is from 1957 to 1989. Till 12th of May in the year 2005, he has worked as one of the board of directors for the company for around 57 years.
His estimated net worth in the year 2013 was around US$1.4 billion. He had tied the holy knot with his lady named Martha Firestone Ford. Later, both of them had four lovely kids christened as Martha Parke Morse, born in 1948; Sheila Firestone Hamp born in 1951; William Clay Ford Jr. born in 1957; and Elizabeth Hudson Ford, Kontulis, born in 1961.
Presently, the wife of William Clay Ford Sr. serves as the principal owner and chairwoman of the National Football League- Detroit Lions. She is also working on the board of directors for the Henry Ford Health System. William Clay Ford Jr. is currently serving as the executive chairman of one of the largest automobile companies called Ford Motor Company. He is also serving as the vice-chairman of the National Football League franchise entitled Detroit Lions. Previously, he has worked as the COO, President, and CEO for the conglomerate.
The Ford Motor franchise of the Ford Family is one of the top 3 U.S. car brands. The company produced around 5.5 million automobiles and employed almost 190,000 people in the year 2019.
Awards
Ford is undoubtedly one of the most considerate companies for purchasing vehicles. They have, over the years, collected many awards and achievements. However, one of the most significant achievements for them is the popularity that they have received from their customers and the maintenance of their reputation. In the year 2015, William Clay Junior was awarded “Ambassador for Humanity Award by the USC Shoah Foundation Institute.
The former has received many other honorable degrees from prestigious universities. He has received the honor of the doctor in environmental science and engineering degree under KOC University. Apart from these, he has also achieved the honorary doctor of law from the University of Michigan. He has additionally received the degree of humane letters from Bradley University and much more.
Net Worth & Earnings of The Ford Family in 2024
The collective net worth of the Ford family is not yet revealed. However, specifically, Martha Firestone Ford has a net worth of $1.4 Billion, along with William Clay Ford has collected a net worth of $1 Billion as of 2024.
The Ford Family has, over the years, gained a tremendous amount of success in the field of automobile. They have been recognized with lots of love and appreciation from their fans and colleagues of the same business world. They have established a superior position for themselves in the industry of automobiles—many best wishes to them for their future endeavors and future success.
