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Grizzly Bulls’ Billionaires Index

⬅ # 653 John Sall|# 655 Tsai Hong-tu ➡

# 654 Mark Shoen 

$5.10B

Real Time Net Worth
as of 11/21/2024
$68.5M (1.34%)

# 654 Mark Shoen 

$5.10B

Real Time Net Worth
as of 11/21/2024
$68.5M (1.34%)
OccupationVP, U-Haul
Source of WealthU-Haul
Age74
ResidencePhoenix, Arizona
Marital StatusMarried
Children1
EducationBS, College of the Holy Cross
Age-Adjusted Net Worth$1.98B
Mark Shoen
Mark Shoen
United States
Net worth: $5.10B

Self-Made Score 

Luminox Men's Sea Sport Timer Automatic 0920 Series Watch

Wealth History

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Biography

Overview

Mark Shoen is an American billionaire businessman and vice-president of U-Haul, the moving equipment, and storage rental giant founded by his parents.
He is the largest shareholder in Amerco, the parent company of U-Haul, which contributes significantly to his net worth of $4.8 billion as of August 2023.
Shoen's fortune stems from his stake in Amerco and his ownership of one of the largest private self-storage operations in the U.S., which collaborates with U-Haul.

Early Life

Mark V. Shoen was born in 1951 in Phoenix, Arizona, to Leonard Shoen and Anna Carty, the co-founders of U-Haul.
He attended the College of the Holy Cross for his education.

Career

Shoen's prominence in business comes from his position as the largest shareholder in Amerco, the parent company of U-Haul, which is North America’s largest moving and storage company.

Personal Life

Mark Shoen resides in Phoenix, Arizona, with his spouse and one child, leading a relatively private personal life.

Relationship With U-Haul

Mark Shoen owns approximately one-fifth of the publicly traded parent company of U-Haul.
His parents, Leonard Shoen and Anna Mary Carty, founded the truck-and-trailer rental company in 1945.
He sided with his brother Joe in a contentious family dispute, resulting in Joe taking control of U-Haul from their father.
Shoen also owns one of the largest private self-storage operations in the U.S., which collaborates with U-Haul.
Despite keeping a low profile, he apparently maintains good relations with Joe, who currently oversees U-Haul.

Mark Shoen's Wealth is Equivalent to:

3,925,327 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

964,806 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

52,113 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Mark Shoen?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Mark Shoen's net worth of $5.10B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

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

Mark Shoen 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 Mark Shoen, U-Haul 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.

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Edited by: Lee Bailey