Hertz Net Worth (Updated 2025).
Hertz, a name synonymous with the car rental industry, traces its origins back to 1918. The company was founded by Walter L. Jacobs, a young entrepreneur with a vision for affordable and convenient transportation. Jacobs started with just a dozen Ford Model Ts, renting them out from a garage in Chicago. His innovative idea quickly gained traction, and within a few years, he had expanded his fleet and opened additional locations.
In 1923, Jacobs sold his company to John D. Hertz, a successful businessman and former race car driver. Hertz, recognizing the potential of Jacobs’ venture, renamed the company after himself and began an aggressive expansion strategy. He introduced the iconic gold-color cars, a distinctive feature that would become a hallmark of the Hertz brand. Under Hertz’s leadership, the company grew rapidly, becoming a household name in the car rental industry.
**Hertz’s Current Net Worth (2025)**
As of 2025, according to the latest available information, Hertz’s current net worth is estimated to be around $500 million.
**Career**
Hertz, born in 1959, is an American businessman and philanthropist. He co-founded the car rental company, Hertz Global Holdings, in 1988, which grew to become one of the largest car rental businesses worldwide. He served as the company’s chairman and CEO until 2014.
**Other Ventures**
Post-Hertz Global, he ventured into real estate and technology. In 2015, he founded the venture capital firm, Hertz Ventures, focusing on tech startups. He also co-founded the real estate investment firm, Certares, in 2012.
**Assets**
Hertz’s assets include a significant stake in Hertz Global Holdings, real estate properties, and investments in various tech startups through Hertz Ventures. His primary residence is a luxurious estate in Greenwich, Connecticut, valued at approximately $50 million.
**Annual Income**
Hertz’s annual income is not publicly disclosed. However, as a successful entrepreneur and investor, his income likely comes from dividends, investments, and his various business ventures. His estimated net worth growth suggests an annual income in the tens of millions.
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Frequently Asked Questions about Hertz
Frequently Asked Questions: Hertz Net Worth
1. What is the net worth of Hertz?
The latest estimated net worth of Hertz is $12.5 billion.
2. Who is the CEO of Hertz?
The current CEO of Hertz is Stephen Scherr.
3. When was Hertz founded?
Hertz was founded in 1918.
4. How many countries does Hertz operate in?
Hertz operates in over 150 countries worldwide.
5. What is the total number of vehicles in Hertz’s fleet?
Hertz has a fleet of over 675,000 vehicles.
6. Does Hertz offer any special services for customers?
Yes, Hertz offers various services such as Hertz Gold Plus Rewards program, Hertz NeverLost GPS navigation system, and Hertz 24/7 mobile app.
7. What are some of the car rental brands under Hertz?
Hertz owns several car rental brands including Dollar, Thrifty, Firefly, and Hertz Car Sales.
8. Has Hertz faced any major challenges recently?
Yes, Hertz filed for bankruptcy in 2020 due to the impact of the COVID-19 pandemic on the travel industry.
9. How many employees does Hertz have?
Hertz employs over 38,000 people worldwide.
10. What is the stock symbol for Hertz?
The stock symbol for Hertz is HTZ on the New York Stock Exchange (NYSE).
