
What is Akio Toyoda’s Net Worth?
Akio Toyoda, the Japanese business executive, has a net worth of $600 million. He is the grandson of Toyota’s founder, Kiichiro Toyota, and the son of Shoichiro Toyoda, who led the company to prominence.
Toyoda served as the president of Toyota Motor Corporation from 2009 to 2023 and played a significant role in establishing the company as one of the largest automobile manufacturers in the world.
In addition to his family’s ties to Toyota, Toyoda is also the grandson of Shinshichi Iida, the founder of the Takashimaya department store company.
Akio Toyoda’s Stock Holdings in Toyota
Akio Toyoda, the former CEO of Toyota, controlled 4,752,895 shares of Toyota stock. On the day he stepped down in April 2023, Toyota’s stock was trading at around $140 per share, making his shares worth $665 million.
In January 2022, Akio Toyoda’s net worth briefly crossed the billion-dollar mark (on paper) when Toyota’s stock hit $210 per share.
At the time of his father’s retirement in 2009, the last point the company made a disclosure, Shoichiro Toyoda owned 11,176,193 shares of the company. Shoichiro Toyoda passed away in 2023.
Akio Toyoda’s Base Salary
Akio Toyoda stepped down from his position with a base salary of 685 million yen, equivalent to $5 million USD.
Early Life and Education
Akio Toyoda was born on May 3, 1956 in Nagoya, Japan as the eldest son of Hiroko and Shoichiro. His great-grandfather was the founder of Toyoda Automatic Loom Works, while his grandfather founded Toyota Motor Corporation. Toyoda went to Keio University in Tokyo, Japan, where he earned an undergraduate law degree. He subsequently moved to the United States for graduate school, attending Babson College in Wellesley, Massachusetts and obtaining his Master of Finance degree.
Toyoda returned to Japan to join the family business in 1984.
Akio Toyoda’s Career Highlights
Akio Toyoda joined Toyota’s board of directors in 2000 and was later promoted to executive vice president in 2005. In 2009, he became the president of the company and spent much of his time promoting Toyota’s sports models. As a passionate driver and auto racing fan, Toyoda participated in various racing events under the pseudonym Morizo Kinoshita.
One of the most notable events during Toyoda’s presidency was the massive global recall of Toyota vehicles from 2009 to 2010, which led him to testify before the United States Congress. Toyoda apologized for quality control issues and reasserted the deep historical ties between Toyota and the United States. The company has since trended toward developing multiple concept cars with battery electric drivetrains. On April 1, 2023, Toyoda stepped down as president of Toyota and became chairman of the board.
Family of Akio Toyoda
Akio Toyoda is married to Yoki, the daughter of the former director of Mitsui Bank. They have one son named Daisuke.
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