Gerald Ford
Managing Member, Ford Financial Fund
$2.67B
$4.8M (-0.2%)
as of 10/03/24
About Gerald Ford
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 20% 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 $18 billion in assets.
Personal stats
Citizenship
United States of AmericaSource of wealth
BankingResidence
Dallas, TexasMarital status
MarriedBirth date
08/04/44 (age 80)Number of children
6Education
Bachelor of Arts/Science, Southern Methodist University; Doctor of Jurisprudence, Southern Methodist UniversitySelf-made
self-madeGerald Ford’s fortune is worth
45K
troy ounces of gold
41K
median U.S. household
27K
median U.S. income
0.053%
U.S. credit card volume
0.011%
GDP of the United States
0.008%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Ford and his wife, Kelli, own multi-million-dollar ranches in Kentucky and New Mexico as well as homes in Dallas and the Hamptons.
Net worth over time
Real-time ranking
Financial assets
US OTC | FACO-US
First Acceptance Corp.NYSE | HTH-US
Hilltop HoldingsUS OTC | MCHB-US
Mechanics BankImages © Forbes.com. All rights reserved.