Fred Smith is the chairman and CEO of FedEx Corporation. As of 2022, Fred Smith is to have a net worth of $4.6 billion.
| Full Name | Frederick Wallace Smith |
| Birth Date | August 11, 1944 |
| Birth Place | Marks, Mississippi, USA |
| Source of Wealth | CEO / Investor |
| Relationship Status | Married To Diane Smith |
| Height | 5 ft. 8 in. / 1.73 m. |
| Net Worth | $4.6 Billion |
Early Life
Frederick Wallace Smith was born to James Frederick “Fred” Smith and Sally Wallace in August 1944 in Marks, Mississippi. His father founded both the Toddle House and the Smith Motor Coach companies.
His father, unfortunately, died while he was just four years old. Frederick was raised by his mother and uncles after that, along with his sisters Fredette and Laura Ann. Smith, for example, was paralyzed as a youngster due to bone illness, but he recovered his health afterward.
Smith attended Memphis University School before attending Yale University for his schooling. Along with the Skull and Bones secret club, he eventually became president of a fraternity. He was a fraternity brother of George W. Bush, the future US president. After graduating from college, Smith joined the United States Marine Corps and served two tours in Vietnam before being honorably discharged with the rank of captain and two Purple Hearts. At the World Economic Forum, Fred Smith speaks on a panel.
Fred Smith Net Worth and Career
Smith first joined the corporate sector in 1970, when he bought a majority stake in Ark Aircraft Sales, an aviation servicing firm. Then, less than a year later, he created Federal Express with $95 million in venture funding and inheritance. Smith invented FedEx for a term paper at Yale in 1965, believe it or not. According to Forbes, the firm had a $29 million loss in its first 26 months. FedEx now has an incredible yearly revenue of $84 billion.
Smith and a few other businessmen purchased a minority interest in the Washington Commanders in 2003. (then Redskins). He’d eventually sell his 10% ownership for $216 million before taxes in 2021. According to reports, the FedEx CEO was paid $1.4 million a year in base salary, plus a $2.7 million cash bonus and $5.5 million in stock options. Between 2008 and 2010, Smith made $18.1 million.
Smith will step down as CEO of FedEx in March 2022 to become executive chairman. His replacement is Raj Subramaniam, a long-serving FedEx executive. Finally, Smith name one of the “World’s 50 Greatest Leaders” by Fortune Magazine in 2014.
Personal Life
Between 1969 through 1977, Smith married Linda Black Grisham. In 2006, he married Diane Smith, his current wife. His total number of offspring is ten. He has three famous offspring. Windland Smith Rice, Molly Smith, and Arthur Smith, the head coach of the Atlanta Falcons, are his children.
Smith murdered a 54-year-old handyman named George C. Sturgill in a tragic hit-and-run accident in 1975. The accusations were ultimately dropped when he feeds on a $250,000 bail. The Smith involves in his second tragic vehicle accident.
Fred Smith Net Worth
Over the span of 50 years, Fred Smith has acquired a net worth of $4.6 billion. He has amassed billions of dollars as the founder, chairman, and CEO of FedEx Corporation. The firm total assets are now valued at $82.7 billion. Smith is also regarded as one of the world’s most successful transportation businessmen.
Frequently Asked Question about Fred Smith
Fred Smith is how old?
Every year on August 11th, the CEO commemorates his birthday. Smith, who was born in 1944, will reach the age of 78 by the summer of 2022.
How tall is Fred Smith?
According to online reports, the millionaire is 5’8″ tall and weighs 185 pounds. Smith is 173 centimeters tall and weighs 84 kilos.
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