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William Clay Ford Net Worth, Biography & Wiki 2017
William Clay Ford, Jr. was born on the 3rd May 1957, in Detroit, Michigan USA, and is one of America’s business leaders, as he is the great-grandson of the industrialist, the founder of the Ford Motor Company, Henry Ford. Since 1999, William Clay Ford Jr. has been the chairman of the multi-national Ford Motor Company. From 2001 to 2006, he was also the chief executive of Ford and was succeeded by Alan Mulally. Ford Jr. was inducted into the Hall of Fame by Irish America magazine. William has been active in the family business since 1979.
How much is the net worth of William Clay Ford Jr.? It has been estimated by authoritative sources that the outright size of his wealth is as much as $1 billion, as of the data given in early 2017. Ford Motorway Company is the main source of William Clay Ford Jr’s fortune.
William Clay Ford Net Worth $1 Billion
To begin with, the boy was born in Detroit; his father is William Clay Ford Senior and his mother Martha Parke Firestone, who is the granddaughter of Harvey Firestone, of tire-making fame. The boy was educated at Hotchkiss School, and then William graduated from Princeton University in 1979. In 1984, he earned a Master’s degree in Management from the MIT Sloan School of Management.
Concerning William’s professional career, he started working at the Ford Motor Company in 1979 and went through a variety of positions, beginning in the financial sector, compulsory for future executives. Subsequently, he spent several years in middle management of product development, and also headed the climate control department. At the time of the so-called Ford 2000 reorganization, William Clay Ford Jr. was responsible for the production of heavy trucks. Bill Ford Jr. then took a senior position in heavy truck product management, followed by becoming chairman of the Finance Committee, a non-executive company management position, which he held for several years before becoming Chairman of the Group. He was also the chairman of the board for a while without a general director, a time before Jacques Nasser was ousted. This reflected significant differences in the views of group values, as Nasser was known to focus on maximizing profit and shareholder value, while Bill Ford stands for appreciating clients and traditions. In 2004 and 2005, Bill Ford announced that shares of its success-related share bonus would be donated to educational foundations in favour of employees and for charitable purposes.
Moreover, William Clay Ford Jr. among others serves as a chairman of the Detroit Economic Club and Emeritus of the Board of Trustees of The Henry Ford museum. In addition to this, he is a vice chairman of Detroit Renaissance and of the Detroit Lions American Football team, as well as a member of the Board of Directors of eBay Inc.
Finally, in the personal life of the businessman, William Clay Ford Jr. is married to LisaVanderlee, with whom he has four children. He lives with his family in Ann Arbor, Michigan.