American entrepreneur William Clay Ford Jr. is the executive chairman of Ford Motor Company. Ford, who joined the board in 1988 and has held the position of chairman since January 1999, is the great-grandson of business founder Henry Ford. Before handing over those positions to veteran Boeing executive Alan Mulally in September 2006, Ford also served as the company’s president, CEO, and COO. Ford serves as the vice chairman of the NFL’s Detroit Lions team.
Bill ford Biography And Net Worth
| Net Worth. $1Billion |
| Full Name William Clay Ford Jr. |
| Birth Date May 3, 1957 |
| Age 65 Years |
| Birthplace Detroit, Michigan, U.S. |
| Profession Businessman |
| Spouse Lisa Vanderzee |
Bill Ford Early Life
On May 3, 1957, in Detroit, Michigan, Henry Ford was born, his mother is Martha Firestone, and his father is William Clay Ford Sr. He was raised alongside Martha, Sheila, and Elizabeth, his three sisters. Ford graduated from Connecticut’s Hotchkiss School in 1975. He continued his education at Princeton University, where he earned a history degree in 1979. He focused on the labor movement and his great-grandfather Henry Ford in his senior thesis. In addition, he presided over the Ivy Club and participated in rugby for the school. Before going back to school, he spent some time working for Ford. He then enrolled in the MIT Sloan School of Management as a Sloan Fellow and graduated in 1984 with an M.S. in Management.
Bill Ford Career Beginnings at Ford
Ford joined the Ford Motor Company in 1979, having graduated from Princeton. In his early years with the company, he worked a variety of positions, first in product development and subsequently on the financial staff, where many of the company’s future executives started. He worked for many years as a mid-level executive in product development and briefly served as the head of the climate control division. The was in charge of Ford’s heavy truck operations by the late 1990s. He resigned from his executive posts in the heavy truck division to take the chairmanship of the board of directors of the finance committee.
Bill Ford Success
In September 1998, he was chosen to serve as the board’s chairman, and he began his duties on January 1st, 1999. The business made several technological advancements under Ford’s leadership, particularly in the areas of improving fuel efficiency and creating electric and hybrid vehicles. He also instructed the business to keep creating new engine technology, like internal combustion engines that run on hydrogen. Jim Padilla, who was the president and COO of Ford at the time, retired in 2006. Ford also took on these responsibilities, Ford announced his resignation as president and CEO and chose Alan Mulally, as his successor. He announced the founding of Fontinalis Partners, a strategic investment company, in January 2010.
Bill Ford Wife
Ford and Lisa Vanderzee Ford were married in 1983 and they have four children together, two sons and two daughters.
Bill ford Net Worth
Bill Ford has an estimated net worth of $1 billion as of 2022. Ford earned $10 million annually and was the 264th highest-paid CEO according to Forbes at the time of his resignation. According to reports, he was the company’s largest individual stakeholder, holding 26.3 million common shares and 6.7 million shares of Class B stock.
Bill Ford Height and Weight
| Height 6’ |
| Weight 75kg |
| Eye Color Blue |
| Hair Color Blonde |
