$5 Billion         |         Rank #601

Who is Fred Smith

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 $84 billion in annual revenue.
Smith sold his 10% stake in the Washington Football Team for approximately $216 million before tax during early 2021. Coming from an average or middle class family, Fred Smith is one those great persons who have stormed their way to the billionaires list on their own. And currently ranks at 601 on billionaires list making him one of the wealthiest ever persons on the planet. He is currently 77.0 years old. As of today, Fred Smith’s net worth is approximately 5 Billion.

Facts about Fred Smith

To find out what is Fred Smith Net Worth, how he got there and what is Fred Smith Salary Per Day, Career, Biography and Childhood details, continue reading below.

Background of Fred Smith

Fred Smith was born on 11-08-44 in United States. Though stricken with a bone disease as a small boy, he became an excellent football player by age 10 and learned to fly at 15. Smith was fraternity brothers at Yale with former President George W. Bush. Being raised in the same country, Fred Smith spent most of his time in Tennessee in the city of Memphis.

Fred Smith net worth is estimated at 5 Billion Billion to date.

Professional Journey

Fred Smith is currently working as Chairman and CEO at the world famous FedEx. You will see him often in social media.  FedEx founder Fred Smith came up with the idea for the company for a term paper at Yale in 1965.
There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. Though stricken with a bone disease as a small boy, he became an excellent football player by age 10 and learned to fly at 15. In his youth, he was adventurous but unknown, but that was years ago.
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 $84 billion in annual revenue.
Smith sold his 10% stake in the Washington Football Team for approximately $216 million before tax during early 2021. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. FedEx founder Fred Smith came up with the idea for the company for a term paper at Yale in 1965.
It is to be noted that Fred Smith is one of the selfmade billionaires in the world and stands at 601 in most wealthy persons in the world.

FAQs

Here are a few most frequently asked questions about Fred Smith:

How much is Fred Smith worth?

Fred Smith’s net worth is estimated to be 5 Billion.

How old is Fred Smith?

Fred Smith was born on 11-08-44, and is currently 77.0 years old.

What is Fred Smith source of income?

Fred Smith acquires most part of his wealth from FedEx.
 

Concluding Fred Smith Net Worth

Currently with a net worth of 5 Billion, Fred Smith stands at 601 in the world billionaires list. And draws most of his wealth from FedEx. Hope you like this information about Fred Smith. If you like this, then please share it with your friends. This above post is all about the estimated worth of Fred Smith. Do you have any queries? Feel free to ask via comment section.

Disclaimer: Please keep in mind that this is an estimated net worth of Fred Smith. Actual worth may vary a little. You can always get information by checking out Leaktown.com.