⬅ # 513 Tobi Lütke|# 515 Denise York

# 514 Fred Smith 

$5.83B

Real Time Net Worth
as of 6/24/2024
$57.3M (0.98%)

# 514 Fred Smith 

$5.83B

Real Time Net Worth
as of 6/24/2024
$57.3M (0.98%)
OccupationFounder and Executive Chair, FedEx
Source of WealthFedEx
Age79
ResidenceMemphis, Tennessee
Marital StatusMarried
Children10
EducationBS, Yale University
Age-Adjusted Net Worth$1.61B
Fred Smith
Fred Smith
United States
Net worth: $5.83B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Frederick Wallace Smith, born August 11, 1944, in Marks, Mississippi, USA, is the founder of FedEx Corporation.
Crippled by bone disease as a child, he regained health by age 10 and attended Yale University, earning a bachelor's degree in economics in 1966.
He has ten children.

Military Service

Smith served in the U.S. Marine Corps as a captain from 1966 to 1969, completing two tours of duty in South Vietnam.
During his service, he received awards including the Silver Star, Bronze Star, and two Purple Hearts for his bravery.
He notably led a successful assault and repulsed a counterattack during his deployment.

Business Ventures

In 1971, Smith founded FedEx Corporation, overcoming initial financial challenges by winning $27,000 in blackjack to keep the company afloat.
Under his leadership, FedEx grew from a small package delivery service to a global transportation powerhouse generating $94 billion in annual revenue.
Aside from FedEx, Smith has interests in sports as a minority owner of the Washington Commanders NFL franchise and entertainment as a co-owner of Alcon Entertainment.
He has received numerous awards for his business acumen and leadership, including induction into the Junior Achievement U.S. Business Hall of Fame.
Smith stepped down as CEO in 2022 and assumed the role of Executive Chairman.

Legal Incidents

In 1975, Smith was indicted for forgery related to obtaining a bank loan but was found not guilty.
He was involved in multiple car accidents, including a fatal hit and run incident in 1975.

How long would it take you to become as rich as Fred Smith?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Fred Smith's net worth of $5.83B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Fred Smith is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Fred Smith, FedEx is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey