Magna International Net Worth

Net Worth: $34.50 Billion

Type Public
Traded as
NYSEMGA
TSXMG
Industry Manufacturing
Founded 1957; 64 years ago
Founder Frank Stronach
Headquarters
Aurora, Ontario
,Canada
Area served
Worldwide
Key people
  • Swamy Kotagiri, CEO
  • Tommy J. Skudutis, Executive VP & COO
  • Vincent J. Galifi, Executive VP & CF
  • James J. Tobin, Executive Vice-President and President, Magna Asia
  • Eric J. Wilds, Executive VP and Chief Sales & Marketing Officer
  • Riccardo C. Trecroce, Executive VP and CLO
  • Aaron D. McCarthy, Executive VP and CHRO
  • Francis C. Seguin, Executive VP Corporate Projects and Strategy Development
Products Automotive
Revenue US$40.82 billion (2018)
Operating income
US$2.83 billion (2018)
Net income
US$2.29 billion (2018)
Total assets US$25.94 billion (2018)
Total equity US$11.83 billion (2018)
Number of employees
169,000 (2019)
Website www.magna.com
About Magna International

Magna International Inc. is a Canadian mobility technology company for automakers with an estimated net worth of $34.50 billion. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts, it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford Motor Company and FCA, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

The company is headquartered in Aurora, Ontario, and its chief executive officer is Swamy Kotagiri. It has 158,000 employees in 342 manufacturing operations and 91 product development, engineering and sales centres in 27 countries. Magna is governed under a corporate constitution which calls for distribution of profits to employees and shareholders. The terms of this contract are a “fair enterprise system” according to company founder Frank Stronach.