Out of all the suppliers of small parts to Ford in the building of Model T's who became the richest, what did they do with their money and do they still have any left?
PS--Just thought this might be of interest.
Would believe the Dodge brothers. Ford bought out their shares for millions
I think Ford bought the Dodges out for 25 million. Although he wasn't a part supplier, James Couzens I believe received 30 million.
Harvey Firestone probably did pretty good.
Were the Dodge Brothers already dead when Henry bought them out in 1919?Bud.
No. Both Dodge brothers died in 1920.
I agree the Dodge Brothers come to mind. Not only did they sell for millions, they received stock dividends from year one as shareholders and made their profits as Dodge Brothers providing parts to Ford Motor Company, also from day one.
I recently read where the Dodge Brothers are considered to have made the most of their investment in history with stubborn ol' Henry.......who turned on them and tried to screw them too.
In a very short time the Brothers turned their $10,000 parts and cash investment (for a 10% stake in FORD) into a $25,000,000 stock sale plus $19,000,000 in back dividends.
Good for them.
Pity they died so young.......