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July 30th: Today in Stock Market History – The Birthday of Henry Ford

Fordcompoundgrowth2

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

 

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