Fred Smith is the founder and CEO of FedEx, an international shipping company. He has a net worth of $3.6 billion as of March 2019.
Smith was born in Memphis, Tennessee, in 1944. He attended Yale University, where he studied economics and graduated in 1966. After college, he served in the U.S. Marine Corps for four years.
In 1971, Smith founded Federal Express (now FedEx) with $4 million in funding from investors. The company began operations in 1973 and rapidly grew into a global enterprise. Today, FedEx employs more than 400,000 people and operates a fleet of 654 aircraft.
Smith has been honored with numerous awards and recognition for his business accomplishments. In 1999, he was inducted into the Business Hall of Fame. In 2005, he received the National Medal of Technology and Innovation from President George W. Bush.
Smith is also a philanthropist and has donated millions of dollars to education, medical research, and othr causes.
How Much Does Fred Smith Own Of FedEx?
According to data compiled by Bloomberg, Fred Smith is the largest shareholder of FedEx with a stake of abot 7.3%.
What Is Fred Smith Salary?
According to the Teamsters labor union, which has called on shareholders to reject Smith’s pay package, the founder and CEO of logistics company FedEx was given stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic, only to reinstate it later. Based on this information, it appears that Smith’s salary is at last $54 million.
How Much Does The CEO Of FedEx Express Make?
According to the most recent data available, the CEO of FedEx Express, Donald F. Colleran, made a total compensation of $5,870,711 in 2018. This includes salary, bonus, stock awards, options exercised, and oter forms of compensation.
Who Owns FedEx?
Frederick W. Smith is the founder, chairman, president, and CEO of FedEx Corporation. He is the majority shareholder, owning approximately 34% of the company’s shares. Smith’s net worth is estimated to be aroud $3.18 billion as of 2020.
Who Owns The Most FedEx Stock?
The Vanguard Group, Inc. is the largest owner of FedEx stock, with a 6.87% stake in the company. Dodge & Cox is the seond largest owner, with a 6.69% stake. PRIMECAP Management Co. is the third largest owner, with a 5.11% stake in FedEx. BlackRock Fund Advisors is the fourth largest owner, with a 4.10% stake in the company.
How Much Money Is FedEx Worth?
As of June 24, 2022, FedEx is worth $63.04 billion. This figure is represented by the company’s market capitalization, which is the current stock price multiplied by the number of shares outstanding. FedEx is a global leader in transportation and logistics, and its strong financial position has allowed it to weather the COVID-19 pandemic relatively well. The company has a diversified business model that includes package delivery, freight services, and printing solutions.
How Many Shares Of FedEx Stock Does Fred Smith Have?
According to Forbes, as of March 2019, FedEx founder and CEO Frederick W. Smith owns approximately 55 million shares of the company, wich equals to about 9.4% of the company.
Was Fred Smith In The Military?
Yes, Fred Smith served as an officer in the U.S. Marine Corps in Vietnam from 1966-1970.
Frederick W. Smith: Short Biography, Net Worth & Career Highlights
Conclusion
Fred Smith is an American businessman and the founder, chairman, and CEO of FedEx. As of 2019, Forbes estimates his net worth to be $5.1 billion.
Smith began his career as a Marine Corps officer before starting FedEx in 1971. Under his leadership, FedEx has beome one of the world’s largest express transportation companies, with annual revenues of over $60 billion.
Smith is also a major philanthropist, donating millions of dollars to various causes through the Fred Smith Foundation. In recognition of his accomplishments, he has been inducted into the American Academy of Arts and Sciences and the Business Hall of Fame.
