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Who owns Ford?
By Product Expert | Posted in FAQs, Ford on Friday, November 13th, 2020 at 5:18 pm
A Look at the Owners of Ford Motor Company
Ford churns out a wide array of beautiful vehicles every year. Is there a specific owner behind it all? Who owns Ford Motor Company?
Ford is owned by the Ford Family, the Vanguard Group and Evercore Wealth Management. Percentages break down as follows:
- Ford Family – 2% Equity; 40% Voting Power
- The Vanguard Group – 5.82%
- Evercore Wealth Management – 5.58%
Join us as we take a deeper look at each of these owners below.
The Ford Family
As you might imagine, the Ford family consists of the descendants of company founder Henry Ford. Though their current equity hovers just around 2%, the Ford family retains operational control of the company thanks to a special class of stock that was established early in the company’s history and retained when it made its first public offering in 1958.
This special stock is known as Class B shares, and the Ford family owns all of them. Collectively, the Class B shares grant their owners entitlement to elect 40% of the Ford board of directors.
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The Vanguard Group
The Vanguard Group is an American registered investment advisor with about $6.2 trillion in global assets under management (as of January 31, 2020). Vanguard is the largest provider of mutual funds and second largest provider of exchange-traded funs in the world. Along with Black Rock and State Street, Vanguard is considered one the “Big Three” index funds that dominate corporate America.
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Evercore Wealth Management, LLC
Evercore Wealth Management, LLC is the wealth management division of Evercore, a global independent investment advisory based in New York City. Evercore Wealth Management delivers customized investment managing, financial planning, trust and custody services to high net worth individuals, families, and related institutions across the United States. As of March 31, 2019, EWM was managing $8.1 billion U.S. dollars in client assets.
