How did Henry Ford become wealthy?

Answer 1

Henry Ford became wealthy primarily through the founding of the Ford Motor Company and the innovation of assembly line manufacturing. By introducing the moving assembly line in 1913, he significantly reduced production costs and time, making automobiles more affordable and accessible to the masses. The success of the Model T further propelled his wealth, as it became a bestseller and revolutionized personal transportation. Ford's business acumen and focus on worker welfare, including higher wages, also contributed to his financial success and the growth of his company.