Alfred P. Sloan net worth: Alfred P. Sloan was an American business executive who had a net worth of $250 million at the time of his death in 1966. That’s the same as $2 billion in today’s dollars after adjusting for inflation. And that’s AFTER he and his wife Irene donated hundreds of millions of dollars to charity through the Alfred P. Sloan Foundation. They transferred at least $300 million to the foundation during their respective life times (she died in 1956). Had they never donated any money, Alfred’s net worth would have come close to a peak of $3 billion (after adjusting for inflation). Today the foundation controls $1.9 billion in assets.
He was best known for being the president, chairman, and CEO of General Motors Corporation. Alfred died at Sloan-Kettering hospital in New York City, named in his honor after a donation.
Early Life and Career: Alfred P. Sloan was born in New Haven, Connecticut in May 1875 and passed away in February 1966. He first served as a senior executive at General Motors before working his way up to head the organization. He helped the company grow from the 1920s through the 1950s. He was an instrumental player in the automotive industry and was involved in concepts including the annual model change, industrial engineering, brand architecture, automotive design, and planned obsolescence as well as the built environment.
When Sloan was named a VP of GM in the 1920s, the automaker had around 10% of total annual car sales in the US. When he stepped down as chairman 36 years later GM’s share was north of 50% and the firm was one of the largest and most profitable companies on the planet. After stepping down as chairman, Alfred poured himself into managing the firm’s massive pension.
He authored his memoir “My Years with General Motors” in the 1950s. He and Henry Ford are looked at as the headmen of the early automotive industry.
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