What is Carlos Ghosn's net worth?
| net worth: | $120 million |
|---|---|
| age: | 71 |
| Born: | March 9, 1954 |
| gender: | male |
| high: | 1.70 m (5 feet 7 inches) |
| country of origin: | Brazil |
| Source of wealth: | entrepreneur |
| Last updated: | March 13, 2025 |
introduce
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 million.
Ghosn is known for its CEOs of Michelin North America, Renault, Avtovaz, Nissan and Mitsubishi Motors.
Career Overview
In 1978, Carlos Ghosn worked in Michelin for 18 years after graduating from écoledes Mines de Paris in 1978. At first he trained in several factories in France and Germany and worked before the manager of Le Puy-en-velay, France.
In 1984, Ghosn became head of R&D, and one year later, he was appointed Chief Operating Officer for the company's operations in South America.
Ghosen moved to Rio de Janeiro, which became unprofitable due to excessive inflation in Brazil. Under the mission of turning the situation around, Ghosen successfully met the challenge and was appointed President and Chief Operating Officer of Michelin North America in 1989.
Gradually rising
In 1990, Carlos Ghosn became CEO of Michelin North America and was responsible for the restructuring of the company after purchasing Uniroyal Goodrich Tires.
Six years later, Ghosn was elected vice president of research, procurement, development and manufacturing for French automaker Renault. Under his guidance, Renault became extremely profitable, which led to the formation of Renault and Nissan's alliance in 1999.
Ghosn became Nissan's chief operating officer in his previous role and was appointed president in 2000 and CEO in 2001. Ghosn lowered Nissan’s decline as his Nissan Revival Plan, which reduced the company’s debt by 50% in 2002. To do this, he did it, he cut 14% of his work, cut five Japanese factories, and in the case of the company's competitors (EASSETS) including EASSETS, including EASSETS, including EASSETS, including Eashets' split, including the company.
In 2005, he became the president and CEO of Renault, making him the first to run two Fortune 500 companies at the same time. Although not as rich as the wealthiest people in the United States, Ghosn's successful business strategy is undeniable, even if some people disagree with his approach.
Ghosn's Recent Business Deals
Carlos Ghosn became General Motors chairman in 2005 after the company merged with Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, saying he had to become CEO and chairman at the same time.
In 2007, Ghosn pushed Renault-Nissan into the electric vehicle market, which made it the world's electric vehicle leader by 2017.
After a long term, Ghosn served as CEO of Nissan in 2017, while also serving as chairman and was succeeded by Saikawa Hiroto. But Ghosn became chairman of Mitsubishi Motors the year before 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 accused him of covering up more than $80 million in revenue and using Nissan funds for personal expenses. Shortly thereafter, other charges surfaced, including breach of trust and misuse of company assets for personal gain.
In 2019, U.S. authorities added charges over failure to disclose $140 million in anticipated compensation and retirement benefits, resulting in Ghosn settling in a $1 million fine and a 10-year ban as an official or director of any U.S. listed company.
Ghosn was in solitary confinement in a Tokyo prison cell for several months and was eventually released on bail at 1 billion yen (about $8.9 million), when Japan's record number was a record. However, his bail is granted under strict conditions, such as he will continue to be arrested, constantly surveillance, and limited to restricted contact with others. But in December 2019, Ghosn performed a dramatic escape from his house arrest, hiding in an audio equipment box on a private plane, and then boarded another plane to Beirut, Lebanon, a country with no extradition agreement with Japan.
From Beirut, Ghosn claimed his arrest was a corporate plan led by Nissan executives aimed at blocking his $30 billion plan to merge the full Nissan Renault. He believes Nissan's leaders are worried about losing control of Renault and work with Japanese officials to push him away.
Ghosn has since publicly criticized the Japanese judicial system, which has a conviction rate of 99%, calling it “hostage justice” because of pressure on the defendants to admit it under strict detention.
As of this year, Ghosn is still hiding in Lebanon, facing international arrest warrants from Japan and France and an Interpol red notice.
Estimated net assets
Carlos Ghosn's net worth is estimated at $120 million in 2024.
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Categories: Net Worth
Source: svlsf.edu.vn