Gerald J. Ford Net Worth
Gerald J. Ford Net Worth: Gerald J. Ford is an American entrepreneur who has a net worth of $2.1 billion. Born in 1944, Ford, a son of Texas farmer, earned his fortune by buying and selling banks. A graduate of Southern Methodist University who also holds a J.D., he purchased his first bank in 1975 for only $1.2 million, and later, he sold it for amazing $80 million. Ford also served as the Chairman and SEO of the fourth largest bank in California, Golden State Bancorp, Inc based in San Francisco, which he sold to Citigroup in 2002 for $6 billion together with his partner, Ron Perelman. Currently, he serves as the Chairman of Hilltop Holdings, an insurance company and bank, and the Managing Director of Ford Financial Fund. Moreover, he sits on the Board of Freeport-McMoRan, the world's leading extractor of gold and copper. In addition to his massive fortune, Ford also has interests in various corporations, including Pacific Capital Bancorp, Rio Hondo Land & Cattle Company, Golden State Bancorp, Diamond Ford Dallas, First Acceptance Corporation, AmeriCredit, American Residential Cmnts LLC, Scientific Games Corp and SWS Group. Lately, he sold his 76% shares in Pacific Capital Bancorp to Mitsubishi UFJ, the largest bank in Japan, for $1.15 billion. What's more, Ford is a great philanthropist sitting on many trustees and committee boards. The Ford family has residential properties in Manhattan, Dallas and the Hamptons, and they also hold a thoroughbred farm in Kentucky.