Fred Smith Net Worth – Founder & CEO of FedEx

Fred Smith is a business person and investor in America. He founded the world’s biggest transport company, FedEx Corporation, in 1971. He became the CEO of this company in June 2022. He is known as one of the most successful entrepreneurs worldwide.

From 1966 to 1969, he was the captain of the U.S Marine Corps. He completed his 2 years of duty in South Vietnam. He received many awards during these 2 years. He is awarded a Silver Star, Bronze Star and 2 Purple Hearts for his bravery. During his execution, he famously led a successful attack and repelled a response.

Now, you must be curious about Fred Smith FedEx net worth and how much earning he made per year. Scroll down to get all the information related to Smith company and business.

Fred Smith Net Worth

Fred Smith's net worth 2025 is estimated at $6.7 billion. Smith received a total payment of $10.4 million in 2008 while serving as CEO. This payment involves $1.4 million in salary, $2.7 million in bonus, and $5.5 million in granted incentives. He was paid more than $7.7 million in 2009.

Fred Smith company net worth is about $10.6 billion. In just one year, its market capitalization has grown by 2.62%.

Personal Life

Fred Smith got married 2 times in his life. In 1969, he married his first wife, Linda Black. They separated in 1977. After some time, he got married to Dianne Avis. He has 8 children with his second wife.

Smith was named as one of the World's 50 Greatest Leaders in 2014. He has also fought many types of legal troubles, such as being charged with a fatal hit-and-run and facing a fake allegation.

Early Life

On August 11, 1944, Smith was born in Marks, Mississippi. His father is the founder of the Smith Motor Coach Company and Toddle House restaurant chain. When Smith was 4 years old, his father died. After that, his mother and uncles raised him.

Smith enrolled at Yale University to study economics in 1962. He obtained a "C" on a paper he prepared for an economics class that described an overnight delivery service. He graduated in 1966 with a bachelor's degree in economics.

Smith also served as president of the Skull and Bones secret society and the Delta Kappa Epsilon (DKE) fraternity. He was the future president of the United States George W. Bush's friend during his college years. Smith also had a friendship with John Kerry, the future U.S. Senator and Secretary of State.

Professional Career

Smith started Federal Express on June 18, 1971, using his $4 million inheritance and $91 million in venture financing. With a fleet of 14 DA-20 aircraft, the company started providing service to 25 different places in 1973, transporting documents and small parcels. He concentrated on creating a mechanism that brought air and ground together.

Smith, Dwight Schar, and Robert Rothman bought a minority stake in the Washington Commanders, an American football team. Until 2021, the trio had 40% of the team before selling their share to Dan Snyder, the team's basic owner. Smith also owns a number of other entertainment businesses, including Alcon Entertainment.

Smith featured as himself in the Tom Hanks film Cast Away in 2000. During Bush's election in 2000, there were rumours that Smith would be named Defence Secretary in the Bush Cabinet. However, Smith decided to support Bush's reelection. The Fred Smith Construction Company has provided services in the civil development and asphalt paving sectors since 1927.

Smith received many awards for his leadership, including:

• 1998 - Golden Plate Award of the American Academy of Achievement
• 2000 - SMEI Sales & Marketing Hall of Fame
• 2004 - "CEO of the Year 2004" by Chief Executive Magazine
• 2008 - Kellogg Award for Distinguished Leadership
• 2008 - Bower Award for Business Leadership
• 2011 - Tony Jannus Award for contributions to commercial aviation.

Allegations on Smith

On January 31, 1975, a US grand jury accused Smith of fraud. The two half-sisters of Smith filed the lawsuit. Smith was alleged to have faked paperwork in the complaint to secure a $2 million bank loan. After an arrest warrant was filed, Smith secured a bond with federal officials in Memphis. Smith was later cleared of the fraud allegation.

Smith killed a 54-year-old worker named George C. Sturghill in a hit-and-run. Smith was taken into custody and charged with driving with an expired license. On a $250 bond, he was set free. Later, all charges were dropped.

Read More: What is Sundar Pichai Net Worth?

Frequently Asked Question

Q. What is the name of Fred Smith golf membership company?

Fred Smith Company Sports Club is his company name that offers golf membership.

Q. Who owns Fred Smith company?

In 2022, Construction Partners bought Fred Smith Company.

Q. How many people are in Fred Smith obituary?

There are around 800+ obituaries.