Rank #1365
Gerald Ford
Net worth $3.1B
Banking · United States
- Born
- Aug 04, 1944
- Age
- 81
- Source
- Banking
- Residence
- Dallas, Texas
- Citizenship
- United States
- Marital status
- Married
- Children
- 6
- Education
- Bachelor of Arts/Science, Southern Methodist University; Doctor of Jurisprudence, Southern Methodist University
Net worth over time
Biography
- Gerald Ford has been buying distressed banks and turning them around since 1975, when he bought his first bank.
- His first big success was in 2002, when he and his billionaire friend Ronald Perelman sold Golden State Bancorp to Citigroup for $6 billion in stock.
- Ford has a 25% stake in public Hilltop Holdings, which owns PlainsCapital Bank, mortgage originator PrimeLending and investment bank HilltopSecurities.
- Ford's son Jeremy Ford is CEO of Hilltop Holdings and his son-in-law Corey Prestidge is general counsel and executive vice president of the firm.
- Ford's California-based Mechanics Bank has more than $22 billion in assets.
- Ford and his wife, Kelli, own multi-million-dollar ranches in Kentucky and New Mexico as well as homes in Dallas and the Hamptons.
- Ford gifted his alma mater Southern Methodist University $20 million in 1997 for a new football stadium and $15 million in 2013 to build a research center.
Financial assets
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