Henry Ford was one of the first businessmen from the United States of America. He found Ford Motor Company in 1903, and he’s considered as one of the first business people who developed and used the mass production strategy. Let’s find out more about how much is Henry Ford’s net worth in 2018.
Henry Ford Early Life
Henry Ford was born on July 30, 1863 in Greenfield Township, Michigan, United States. His father William Ford was from and American-Irish origins and he died in 1905, and his mother Mary Litogot Ford died in 1876. Henry Ford was really down when his mother died, and his father wanted him to take over the family’s farm work but Henry never liked that.
Henry Ford studied at the Detroit Business Institute.
Henry Ford married Clara Ala Bryant whom remained with him until his death, Clara also died in 1950. Henry and Clara gave birth to 1 son only, his name is Edsel Ford he was born in 1893 and died in 1943 because of a cancer.
Henry Ford Career, Awards & Achievement
Henry Ford first went to learn and work in machines in Detroit, then he went back working in the farm and that’s when he became skilled in Westinghouse Farm Engine. Later he got hired by the Westinghouse Electric Corporation.
Henry Ford got hired by Thomas Edison’s company “Edison Illuminating Company” as their engineer in 1891. After a few years, Henry Ford developed his first vehicle ever named “Ford Quadricycle”, then met Thomas Edison and got his approval for the vehicle. In 1989, “Detroit Automobile Company” was founded by Henry Ford and closed after a couple of years due to Henry’s dissatisfaction regarding the quality and price of the company’s productions.
Childe Wills helped Henry Ford in developing an automobile in 1901. It was great and William Murphy and others decided to find “Henry Ford Company” and Henry was the company’s chief engineer. Henry M. Leland got hired by William, so Henry Ford decided to leave the company and William changed the company’s name to “Cadillac”.
“Ford Motor Company” was founded in 1903, with investments from Henry Ford, Alexander Y. Malcomson, John S. Gray, James J. Couzens, and others. Ford Model T was launched around 1908 and it got more than 400 thousand sales within less than 10 years.
In 2017, “Ford Motor Company” has branches across the whole world with billions of cars sold.
Awards & Achievements
Henry Ford is one of the first people to create and develop cars. His company “Ford Motor Company” has been receiving thousands of awards for their great work, and they earned the 2017 world’s most ethical company. Henry Ford also received the Grand Cross of the German Eagle and the Elliott Cresson Medal for the industrial leadership and for his great engineering work.
Net Worth of Henry Ford
Henry Ford had an estimated net worth of more than $200 billion. The fortune that he has comes from the “Ford Motor Company” that he found. Henry Ford’s Ford Model T car made more than $400 thousand in sales within 10 years and now the “Ford Motor Company” makes more than $100 thousand sales in 1 month. “Ford Motor Company” vehicles are now considered as one of the world’s best vehicles.
Henry Ford was one of the first people to develop great vehicles. He found “Ford Motor Company” with the investment from Alexander Y. Malcomson, John S. Gray, James J. Couzens, and others. Now “Ford Motor Company” has branches across the whole world and their cars are considered as one of the best cars in the world.
Henry Ford, May Your Soul Rest In Peace.