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|———–|———————-|
| Net Worth | $600 million |
| Salary | $5 million USD |
| Birthdate | May 3, 1956 |
| Birthplace| Nagoya, Japan |
| Gender | Male |
| Height | Not available |
| Profession| Business Executive |
| Nationality| Japanese |
What is Akio Toyoda’s Net Worth?
Akio Toyoda, a Japanese business executive, has a net worth of $600 million. As the grandson of Kiichiro Toyota, the founder of Toyota Motor Corporation, and the son of Shoichiro Toyoda, who led the company to prominence, Akio Toyoda’s family has long dominated the upper management of the business. He served as the president of Toyota Motor Corporation from 2009 to 2023, during which time the company solidified its position as one of the largest automobile manufacturers in the world. Akio Toyoda is also the grandson of Shinshichi Iida, the founder of the Takashimaya department store company.
Highlights
– Akio Toyoda’s net worth is estimated to be $600 million.
– He controlled 4,752,895 shares of Toyota stock, worth $665 million, at the time of his retirement in 2023.
– In January 2022, he briefly became a billionaire on paper when Toyota stock hit $210 per share.
– His base salary at the time he stepped down was 685 million yen, equivalent to around $5 million USD.
– Akio Toyoda was born on May 3, 1956, in Nagoya, Japan.
– He holds a law degree from Keio University in Tokyo and a Master of Finance degree from Babson College in the United States.
– Akio Toyoda joined Toyota Motor Corporation’s board of directors in 2000 and became the company’s president in 2009.
– Under his leadership, Toyota faced a major recall issue from 2009 to 2010, and he testified before the United States Congress to address the matter.
– On April 1, 2023, Toyoda stepped down as president and became the chairman of the board of Toyota Motor Corporation.
– He is married to Yoki, daughter of the former director of Mitsui Bank, and they have a son named Daisuke.
Early Life
Akio Toyoda was born on May 3, 1956, in Nagoya, Japan. He comes from an industrial family, with his great-grandfather Sakichi Toyoda being the founder of Toyoda Automatic Loom Works and his grandfather Kiichiro Toyoda founding Toyota Motor Corporation. Another grandfather, Shinshichi Iida, was the founder of the Takashimaya department store corporation. With such a family background, it was only natural for Akio Toyoda to join the family business.
For his higher education, Toyoda attended Keio University in Tokyo, Japan, where he earned an undergraduate law degree. He then pursued further studies in the United States, attending Babson College in Wellesley, Massachusetts, where he obtained his Master of Finance degree. After completing his education, Toyoda returned to Japan and joined the family business in 1984.
Career
As the grandson of the founder of Toyota Motor Corporation, Akio Toyoda joined the company’s board of directors in 2000. His dedication and hard work led to his promotion to executive vice president five years later. Finally, in early 2009, Toyoda was named the new president of Toyota Motor Corporation, succeeding Katsuaki Watanabe. During his tenure as president, Toyoda focused on promoting Toyota’s sports models, such as the Lexus IS F and Lexus LFA, leveraging his passion for driving and auto racing. He even participated in racing events under the pseudonym Morizo Kinoshita. In 2016, he approved the development of the GR Yaris and personally test drove the car for further development.
One of the most notable challenges Toyoda faced during his presidency was the massive global recall of Toyota vehicles from 2009 to 2010. He testified before the United States Congress and apologized for the quality control issues while emphasizing the historical ties between Toyota and the United States. After handling this crisis, the company shifted towards developing concept cars with battery electric drivetrains.
On April 1, 2023, Toyoda stepped down as president of Toyota and took on the role of chairman of the board of Toyota Motor Corporation.
Personal Life
Akio Toyoda is married to Yoki, the daughter of the former director of Mitsui Bank. They have a son named Daisuke.
Net Worth Over Time
Akio Toyoda’s net worth has been estimated at $600 million. Though it fluctuated with the performance of Toyota’s stock, he held significant shares in the company. At the time of his retirement in 2023, his Toyota stock was worth $665 million. In January 2022, when Toyota stock reached $210 per share, he briefly became a billionaire on paper. Additionally, his base salary at the time he stepped down was 685 million yen, equivalent to around $5 million USD.
Components of Net Worth
Akio Toyoda’s net worth primarily consists of his ownership of Toyota stock, which he held in significant quantities. As a member of the founding family, he inherited a substantial stake in the company. His shares in Toyota contributed significantly to his overall wealth. In addition, his base salary as an executive of Toyota Motor Corporation also contributed to his net worth.
In conclusion, Akio Toyoda, as a Japanese business executive and the grandson of Toyota’s founder, has amassed a net worth of $600 million. Through his leadership, dedication, and significant shareholdings in Toyota, he has carved out his own financial success while continuing the family legacy within the company.