Carlos Ghosn Net Worth 2020

Short introduction

Carlos Ghosn (born March 9, 1954 in Porto Velho, Brazil) – French manager of Lebanon descendants, former President and CEO of Renault and Nissan; Head of the Renault-Nissubishi strategic alliance. Known as a very good Nissan crisis manager.

Early Life

Since 1978 he has worked in Michelin, managing the Brazilian and North American division and is the Director General of the production of passenger car tires and tires for light commercial vehicles. Since December 1996 – Renault Executive Vice President. In June 1999, he joined Nissan as a production director and then became the President of the Company (June 2000) and CEO (June 2001). During his time in Nissan, he was nicknamed the “killer of the cost” because the program he carried allowed the company to cut costs significantly. Since April 29, 2005, he has also become President and CEO of Renault. Since June 28, 2012 – Deputy Chairperson of the Board of Directors AVTOVAZ OJSC. In 2013-2016 he was the Chairman of the Board of Directors of the AVTAVAZ OJSC and then transferred this position to Sergey Skvortsov, Rostec’s top manager. Carlos Ghosn earned $ 12.5 million in 2011-2012 and became the highest paid top manager in Japan. At the same time, Ghosn’s revenue as Renault’s head in France was 9 million euros.

Career

After graduating in 1978, Ghosn worked for 18 years in Michelin, the largest tire manufacturer in Europe, where he was originally trained and worked in several factories in France and Germany. In 1981, he became a factory manager at Le Puy-en-Velay, France. In 1984 he was appointed as head of research and development for the company’s industrial tire department.

When Ghosn was 30 of 1985, he was appointed as Chief Operating Officer Michelin (COO) in South America. He returned to Rio de Janeiro and reported directly to François Michelin. Ghosn formed a cross-functional management team to identify best practices between France, Brazil and other countries working in the South American department. The multicultural experience in Brazil formed the basis for its cross-cultural management style and emphasis on diversity as a core business argument. “You learn from diversity … the Common Ground You console,” said Ghosn. The division returned to fortunate in two years.

After caring for Michelin in South America, Ghosn was appointed as President and Coo Michelin North America in 1989 and moved with his family to Greenville, South Carolina. He was promoted to CEO of Michelin North America in 1990. After taking over Goodrich tire companies that were not good, he led the company’s restructuring.

In 1996, Ghosn was appointed as executive vice president and was responsible for purchasing, research, engineering and development, powertrain operations, and manufacturing at Renault. He was also responsible for the South American Division Renault, located in Mercosur. Radical Restructuring Ghosn from Renault managed to contribute to the profitability of the company in 1997. His reputation for success under François Michelin is increasingly reinforced by the newly privatized Renault group.

Career spotlight.

On November 19, 2018, Japanese and international news media reported that Carlos Ghosn volunteered to the Tokyo General Prosecutor’s Office and arrested. At the same time, Nissan Motor Co. Releasing a press release that contains information about the embezzlement of long-term information about company revenues on the stock exchange, overvaluation and incognito management income and use of company assets with top managers for personal goals. The perpetrator of the violation is Carlos Ghosn and Greg Kelly. The company announced that the Board of Directors would be asked about Ghosn’s dismissal and also apologized to shareholders. All of this results in a 12% decline in the company’s shares. Renault also removed Ghosn from Management on January 24, 2019. On March 6, 2019, Carlos Ghosn was released with a guarantee of 1 billion yen (around $ 9 million) from prison in Tokyo. On April 8, Carlos Ghosn was removed from the Nissan board.

On December 30, 2019, Carlos Ghosn was secretly brought from Japan in a box of musical instruments and passed the border and customs procedures with a private plane on Istanbul to Lebanon, where he violated the condition of the arrest of a house with a French passport. One of his Japanese lawyers told the press that all Passports of Director – Lebanon, France, and Brazilian passports were stored by Ghosn defenders at any time. On December 31, Ghosn published a short press release with the following statement:

I am now in Lebanon and I am no longer considered a hostage for the Japanese false justice system, where the guilt has been determined before, discrimination is a widespread and basic human rights. I have no intention of hiding from justice – I have escaped injustice and political abuse. Now I can finally communicate freely with the media and look forward to the beginning of next week.

Net Worth 2020

As of 2020, his estimated net worth is around $120 Million