What is Carlos Ghosn's net worth?
| net worth: | $120 million |
|---|---|
| age: | 70 |
| born: | March 9, 1954 |
| gender: | male |
| high: | 1.70 m (5 feet 7 inches) |
| country of origin: | Brazil |
| Source of wealth: | entrepreneur |
| Last updated: | January 11, 2025 |
introduce
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 million.
Ghosn is best known for serving as CEO of Michelin North America, Renault, AvtoVAZ, Nissan and Mitsubishi Motors.
Career Overview
After graduating from the Ecole Mines in Paris in 1978, Carlos Ghosn worked at Michelin for 18 years. Initially, he trained and worked in various factories in France and Germany, later becoming the manager of Le Puy-en-Vlay, France.
In 1984, Ghosn became head of research and development and, a year later, was named chief operating officer of the company's South American operations.
Gossen moved to Rio de Janeiro, where the business had become unprofitable due to Brazil's hyperinflation. Tasked with turning the company around, Gossen successfully met the challenge and was named president and chief operating officer of Michelin North America in 1989.
promotion
In 1990, Carlos Ghosn became CEO of Michelin North America and oversaw the company's restructuring after acquiring Uniroyal Goodrich Tire Company.
Six years later, Ghosn was elected vice president of research, procurement, development and manufacturing at French automaker Renault. Under his guidance, Renault achieved unusually high profits, prompting Renault and Nissan to form the Renault-Nissan Alliance in 1999.
While retaining his previous role, Ghosn became Nissan's chief operating officer and was named president in 2000 and CEO in 2001. Ghosn reversed Nissan's declining profits through the Nissan Revival Plan, which reduced the company's debt by 50% by 2002. He cut 14% of jobs, closed five Japanese factories and auctioned off assets including the company's aerospace unit.
In 2005, he became president and CEO of Renault, making him the first person to run two Fortune 500 companies simultaneously. While not as wealthy as America's richest man, Ghosn's successful business strategies are undeniable, even if some disagree with his methods.
Ghosn's recent business dealings
Carlos Ghosn became GM chairman in 2005 after the company merged with Renault and Nissan. Ford offered to allow Ghosn to lead the company for a second year, but he declined, saying he would have to serve as both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan to enter the electric vehicle market, making it the global leader in electric vehicles in 2017. Soon after, he was appointed deputy chairman of Russian carmaker AvtoVAZ, and in 2013 he became the company's chairman. President.
Ghosn resigned as Nissan CEO in 2017 after a long tenure, but remained as chairman and was succeeded by Hiroto Saikawa. However, the previous year, Ghosn became chairman of Mitsubishi Motors after Nissan acquired a 34% stake in the company.
Arrests and legal issues
Ghosn was arrested in Tokyo in November 2018, triggering a major corporate scandal. Japanese authorities accuse him of hiding more than $80 million in income and using Nissan funds for personal expenses. Soon after, more allegations surfaced, including breach of trust and misuse of company assets for personal gain.
In 2019, U.S. authorities charged him with failing to disclose $140 million in expected compensation and retirement benefits, resulting in Ghosn being fined $1 million and banned from serving as an executive or director of any U.S. listed company for 10 years.
Ghosn spent months in solitary confinement in a Tokyo prison cell before being released on bail for 1 billion yen (about $8.9 million), a record amount in Japan at the time. However, his bail conditions are strict, such that he will remain under house arrest, under constant surveillance, and limited to contact with others. But in December 2019, Ghosn dramatically escaped from house arrest, hiding in an audio equipment box on a private plane bound for Turkey before boarding another plane bound for Beirut, Lebanon, which has no extradition agreement with Japan.
Ghosn claimed in Beirut that his arrest was part of a corporate plan led by Nissan executives to block a planned $30 billion merger between Nissan and Renault. He argued that Nissan's leadership, fearful of losing control of Renault, worked with Japanese officials to oust him.
Ghosn has since publicly criticized Japan's judicial system, which has a conviction rate of 99%, calling it “hostage justice” as defendants face pressure to confess while in strict detention.
As of this year, Ghosn remains hiding in Lebanon, facing international arrest warrants from Japan and France as well as an Interpol red notice.
Estimated net worth
In 2024, Carlos Ghosn's net worth was estimated at $120 million.
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Categories: Net Worth
Source: svlsf.edu.vn