Michelin Company Net Worth (Updated 2025).

Michelin, a name synonymous with tires, began its journey in 1889 in Clermont-Ferrand, France. Brothers André and Édouard Michelin started the company, initially focusing on manufacturing rubber products, including bicycle and carriage tires. The company’s breakthrough came in 1891 when Édouard invented the removable pneumatic tire, a game-changer in the industry.

Michelin’s fame began to grow with its innovative approach to tire design and manufacturing. In 1900, the company introduced the radial tire, which significantly improved vehicle stability and handling. This innovation, along with their iconic Bibendum mascot, affectionately known as the “Michelin Man,” helped establish Michelin as a global leader in the tire industry.

Michelin’s Net Worth in 2025

As of 2025, Michelin’s net worth is estimated to be around $32.5 billion, according to Forbes. This figure reflects the company’s strong global presence and steady growth in the tire industry.

Michelin’s Career and Achievements

Founded in 1889 by the Michelin brothers, the company has grown from a bicycle tire manufacturer to a global leader in tires for cars, trucks, buses, motorcycles, and aircraft. Michelin has pioneered numerous innovations, including the removable tire, and has won numerous awards for its products and sustainability efforts.

Michelin’s Other Ventures

Beyond tires, Michelin has diversified into other businesses. It owns the Michelin Guide, a renowned restaurant rating system, and has invested in sustainable mobility solutions, such as electric vehicle charging infrastructure and connected services. Additionally, Michelin has a significant presence in the aerospace industry, supplying tires for aircraft and helicopters.

Michelin’s Assets

Michelin operates 70 production facilities in 17 countries and has a network of over 11,000 retail stores and service centers worldwide. The company’s extensive intellectual property portfolio includes over 80,000 patents and trademarks. Michelin’s brand value is estimated to be around $11.5 billion, according to Forbes.

Michelin’s Annual Income

In 2020, Michelin reported annual sales of approximately €22.5 billion ($26.7 billion). The company has consistently generated high revenue, with a steady increase in sales over the past decade, reflecting its strong market position and global reach.

Frequently Asked Questions about  Michelin Company

Frequently Asked Questions: Michelin Company Net Worth

1. What is Michelin’s primary business?

Michelin is primarily a tire manufacturing company. It also operates in the field of travel guides and maps, with its Michelin Guide and Michelin Maps divisions.

2. When was Michelin founded?

Michelin was founded in 1889 by the Michelin brothers, Édouard and André Michelin, in Clermont-Ferrand, France.

3. Where is Michelin’s headquarters located?

Michelin’s global headquarters is located in Clermont-Ferrand, France.

4. How many employees does Michelin have?

As of 2021, Michelin employs approximately 121,000 people worldwide.

5. What is Michelin’s net worth?

Michelin’s latest estimated net worth is $23.4 billion.

6. In which stock exchange is Michelin listed?

Michelin is listed on the Euronext Paris stock exchange under the ticker symbol ML.

7. What are some of Michelin’s most popular tire brands?

Some of Michelin’s most popular tire brands include Michelin, BFGoodrich, Uniroyal, and Kleber.

8. Does Michelin produce tires for all vehicle types?

Yes, Michelin produces tires for a wide range of vehicles, including cars, motorcycles, trucks, buses, agricultural machinery, and aircraft.

9. What is the Michelin Guide and how does it work?

The Michelin Guide is a series of guidebooks published by Michelin, with the first edition published in 1900. It is known for its anonymous inspectors who evaluate and rate restaurants and hotels, using a system of one to three Michelin stars.

10. How does Michelin contribute to sustainability?

Michelin is committed to sustainability and has set goals to reduce its environmental impact. It aims to reduce its CO2 emissions by 50% by 2030 and achieve net-zero emissions by 2050. It also develops eco-friendly tires and promotes responsible forest management for its paper products.