Manuel Moroun’s profile picture

Manuel Moroun

Manuel Moroun’s profile picture
Net worth 2018: $1.62 Billion
Industry: Logistics
Residence: Grosse Pointe Shores, Michigan
Country: United States
BirthDay: 5 June 1927
Sigh: Cancer
Children: 1
Education: Bachelor of Arts / Science, University of Notre Dame
BIOGRAPHY

Manuel Moroun was bornon 5 June 1927 in Grosse Pointe Shores, Michigan, United States. Manuel Moroun is #1439 in List Billionaires People In The World. Trucking magnate "Matty" Moroun is more reclusive than ever, leaving his son Matthew as the public face in the family's ongoing legal battle with Canada and the state of Michigan over plans to replace their 88-year-old Ambassador Bridge with a new $700 million bridge between Detroit and Windsor, Ontario. It's been a family money-maker for 35 years, but stands to lose up to 75 percent of its traffic when a competing bridge, funded by the Canadian government, is built. Meanwhile, the Morouns' trucking empire, a mix of private and publicly traded companies, is getting squeezed by competition.

NET WORTH STATISTIC
2009

$1.3 Billion

2010

$1.6 Billion

2011

$1.5 Billion

2012

$1.5 Billion

2013

$1.5 Billion

2014

$1.7 Billion

2015

$2 Billion

2016

$1.8 Billion

2017

$1.5 Billion

2018

$1.62 Billion

TIMELINE
2012

On 12 January 2012, Judge Edwards found both Moroun and Stamper to be in non-compliance with his previous order and ordered both men to jail, denying a motion to stay the order until it could be appealed to the Michigan Court of Appeals

2010

On 25 March 2010, Moroun announced a suit to try to block construction of the new bridge, as it would compete with his own proposal to build a second span of the Ambassador Bridge, which he would own

2009

In 2009, the Michigan Department of Transportation (MDOT) sued Moroun and the Detroit International Bridge Company for failing to comply with the terms of a contract to construct ramps connecting the Ambassador Bridge to nearby expressways as part of the Gateway Project

2008

A 2008 Forbes article listed him as the 321st richest American

1979

Moroun bought the Ambassador Bridge in 1979 when shares came on the market

1949

He graduated in 1949 with a bachelor's degree in chemistry

1946

In 1946, his father bought Central Cartage Company, which would later become Central Transport, and Moroun started working with him

1945

Moroun attended the University of Detroit Jesuit High School, graduating in 1945

1927

Manuel Moroun (born June 5, 1927) is an American billionaire businessman, and the owner of CenTra, Inc, which controls the Ambassador Bridge, the international crossing connecting Detroit, Michigan and Windsor, Ontario, the only privately owned border crossing between the US and Canada

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