Frederick Smith’s profile picture

Frederick Smith

Chairman and CEO, FedEx
Frederick Smith’s profile picture
Net worth 2018: $5.3 Billion
Industry: Logistics
Residence: Memphis, Tennessee
Country: United States
Children: 10
Education: Bachelor of Arts / Science, Yale University
BIOGRAPHY

Frederick Smith was born in Memphis, Tennessee, United States, is Chairman and CEO, FedEx. Frederick Smith is #378 in List Billionaires People In The World. FedEx founder Fred Smith came up with the idea for the company for a term paper at Yale in 1965. FedEx reported a record $60 billion in sales in fiscal year ending in May 2017 after recent acquisitions (TNT Express) and an $1.8 billion investment in aircraft. 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 he flew to Vegas and won $27,000 at the blackjack tables, enough to keep the company afloat.

NET WORTH STATISTIC
2009

$1.65 Billion

2010

$1.85 Billion

2011

$1.7 Billion

2012

$1.8 Billion

2013

$2.3 Billion

2014

$3.5 Billion

2015

$3.5 Billion

2016

$3.7 Billion

2017

$4.3 Billion

2018

$5.3 Billion

"No business school graduate would recommend gambling as a financial strategy, but sometimes it pays to be a little crazy early in your career."

Frederick Smith
TIMELINE
Fred, Frederic, or Frederick Smith may refer to:
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