Gerald Ford
Overview
- Source of Wealth
- Banking
- Industry
- Finance & Investments
- Residence
- Dallas, Texas
- Organization
- Managing Member at Ford Financial Fund
- Education
- Southern Methodist University (Bachelor of Arts/Science)Southern Methodist University (Doctor of Jurisprudence)
- Marital Status
- Married
- Children
- 6
Assets
- First Acceptance Corp.21,851,599 shares @ --FACO-US
- Hilltop Holdings15,909,744 shares @ --HTH-US
- Mechanics Bank14,194,300 shares @ --MCHB-US
Biography
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 25% 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 $22 billion in assets.
About
Ford and his wife, Kelli, own multi-million-dollar ranches in Kentucky and New Mexico as well as homes in Dallas and the Hamptons.
Ford gifted his alma mater Southern Methodist University $20 million in 1997 for a new football stadium and $15 million in 2013 to build a research center.