Today in Stock Market History:
July 30th 1883 – Henry Ford is Born.
Ford was founded 20 years later, and would become one of the most famous brands in America.
At its founding, Henry Ford had $28,000 to start Ford Motor Company and today his company has a market cap of more than $57 billion!
What kind of compounded growth would you need to turn $28,000 into $57 billion over 112 years?
13.85%!
Want to see other examples of compounding interest at work? Check out our Compound Interest Calculator
