Fred Smith
Founder and Executive Chairman, FedEx
$5.95B
$24.7M (-0.4%)
as of 10/04/24
About Fred Smith
FedEx founder Fred Smith came up with the idea for the company for a term paper at Yale in 1965.
After graduation, Smith served in Vietnam with the Marines. He returned home and launched FedEx in 1971.
FedEx lost $29 million in its first 26 months, so Smith flew to Vegas and won $27,000 at the blackjack tables, enough to keep the business afloat.
The company now generates nearly $90 billion in annual revenue.
Smith announced in 2022 that he would be stepping down from his role as CEO at FedEx after 50 years; he now serves as executive chairman of the company.
Personal stats
Citizenship
United States of AmericaSource of wealth
FedExResidence
Memphis, TennesseeMarital status
MarriedBirth date
08/11/44 (age 80)Number of children
10Education
Bachelor of Arts/Science, Yale UniversitySelf-made
self-madeFred Smith’s fortune is worth
99K
troy ounces of gold
92K
median U.S. household
59K
median U.S. income
0.119%
U.S. credit card volume
0.024%
GDP of the United States
0.017%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Smith was fraternity brothers at Yale with former President George W. Bush.
Net worth over time
Real-time ranking
Financial assets
NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
FedEx Corp.NYSE | FDX-US
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