Fred Smith has an estimated net worth of $2.1 billion as of March 2013 according to Forbes. He is also #704 in the planet ‘s Billionaires List (#601 in 2012), #243 in America and #271 in Forbes 400 List. In 1971, he started the shipping company, Federal Express. Presently, in is the chairman, president and CEO of the first overnight express delivery and the biggest on the planet.
Fred Smith Net Worth $2.1 Billion
While at the university, Fred Smith built up an idea that resulted in the foundation of FedEx. He was likewise a friend along with a fraternity brother of George W. Bush. From 1966 to 1969, the chairman served in the U.S. Marine Corps after graduation and he had a first hand exposure to the logistic system in the military. Fred Smith bought a controlling interest in Ark Aviation Sales, an aircraft maintenance firm, in 1970. He has served on the boards of St. Jude Children’s Research Hospital and Mayo Foundation. Fred was likewise the former chairman of the Board of Governors of the International Air Transport Association and the U.S. Transport Association. He is also the co-owner of the Washington Redskins Team in the NFL. He co-owns several entertainment companies such as Dream Image Production and Alcon Pictures, producers of Insomnia starring Al Pacino and Robin Williams, and The Blind Side.
In 1996, Smith was inducted to the Junior Achievement U.S. Business Hall of Fame. In was likewise named “CEO of the Year 2000” by Chief Executive Magazine. On May 29, 2008, he was presented the 2008 Kellog Award for Distinguished Direction by the Kellog School of Management. In was a receiver of the 2008 Bower Award for Business Leadership from the Franklin Institute in Philadelphia. In 2011, he was granted the Tony Janus Award for notable contributions to commercial aviation.