Question: How Much Is Fred Smith Worth?

Does Fred Smith still own FedEx?

Frederick Wallace Smith (born August 11, 1944) is the founder, chairman and CEO of FedEx.

The company is headquartered in Smith’s hometown of Memphis, Tennessee….Frederick W.

Smith.Frederick SmithEducationYale University (BA)OccupationChairman and CEO, FedExNet worthUS $5.4 billion (December 2017)Political partyRepublican9 more rows.

How old is Fred Smith FedEx?

76 years (August 11, 1944)Frederick W. Smith/Age

Are there any trillionaires?

The world has 46.8 million millionaires, collectively owning $158.3 trillion. … A trillionaire is someone whose wealth is greater than one trillion dollars (or other currency). In numerals, it’s 1,000,000,000,000 and is also known as 10 to the 12th power.

How much does the CEO of FedEx make?

CEO Fred Smith made $15.96 million in total compensation in FedEx’s 2019 fiscal year, down from $16.67 million in 2018. Compensation includes base salary, bonuses, restricted stock and option awards.

What is FedEx worth?

FedEx’s shares traded at over $244 per share, and its market capitalization was valued at over US$55.5 billion in October 2018. FedEx ranked No. 50 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

How did Fred Smith start FedEx?

Fred Smith developed the idea of a global logistics company when he was a student at Yale University with other notable students such as future President George W. … After graduating from Yale, Smith began Federal Express in 1971 with a $4 million inheritance from his father and $91 million of venture capital.

What percentage of FedEx does Fred Smith own?

7.93%Smith owned 7.93% of FedEx shares as of July, per FedEx’s last proxy report, making him one of its largest shareholders. All FedEx directors and executive officers, including Smith, own 8.44% of shares outstanding.

Who is No 1 richest person in the world?

Jeff BezosNo. 1 Jeff Bezos Amazon founder Jeff Bezos is the world’s wealthiest person for the third year in a row, worth $113 billion.

Is FedEx losing money?

Delivery giant FedEx Corp. (FDX) has shed about $25 billion in market value over the past year as its stock plunged roughly 40%. But the losses may not be over.

What does FedEx drivers make?

The average FedEx Ground salary ranges from approximately $36,099 per year for Route Driver to $68,147 per year for Truck Driver. Average FedEx Ground weekly pay ranges from approximately $516 per week for Courier to $1,808 per week for Team Driver.

How much is FedEx worth 2020?

In the fiscal year of 2020, the company generated some 69.22 billion U.S. dollars in revenue. FedEx is ranked among the leading logistics companies in the United States.

Who owns the most FedEx stock?

Top 10 Owners of FedEx CorpStockholderStakeShares ownedDodge & Cox10.37%27,170,321The Vanguard Group, Inc.7.15%18,723,034PRIMECAP Management Co.5.19%13,583,039BlackRock Fund Advisors4.19%10,976,4896 more rows

How many planes does FedEx have?

650 aircraftFedEx Express operates the world’s largest cargo air fleet with more than 650 aircraft, and is the largest operator of the Airbus A300, ATR 42, Cessna 208, McDonnell Douglas DC-10/MD-10, and the McDonnell Douglas MD-11.

How much does Fred Smith make a year?

In 2019, Smith’s total salary was $1,373,561, according to FedEx’s latest proxy statement. With option awards, along with other types of compensation, his total pay amounted to $15,961,974. FedEx has, like most businesses, taken a hit from the pandemic.

Is Fred Smith a billionaire?

This article is more than 6 years old. Fred Smith’s overnight delivery service was anything but an overnight success. But now he’s worth $2.3 billion, FedEx ships more than 10.2 million packages daily in 220 countries, and, while UPS left gift givers stranded this Christmas, Smith’s company soared.

How much is Jeff Bezos Worth?

190.6 billion USD (2020)Jeff Bezos/Net worth

Who is the CEO of Federal Express?

Frederick W. Smith (Jun 18, 1971–)FedEx/CEOFrederick W. Smith is chairman and chief executive officer of FedEx Corp., a nearly $70 billion global transportation, business services, technology, and logistics company serving more than 220 countries and territories. Smith is responsible for providing strategic direction for all of FedEx Corp.

Who will be the first trillionaire?

Jeff BezosAmazon founder and CEO Jeff Bezos is likely to become the world’s first trillionaire and it could happen in the next six years. Bezos’ net worth will increase by the year 2026 and he will achieve the title of a trillionaire.

Are FedEx routes a good investment?

The entrepreneurial spirit shines brightly in many Americans who yearn to be independent business owners, and many of those folks look into buying a FedEx route. And with good reason. As a relatively sound and stable investment, FedEx routes can show an average increase of 15% per year.

Is FedEx employee owned?

FedEx is made up of Express, where drivers are employed by the company and the company supplies the truck. On the FedEx Ground side, you have CSP’s or contracted service providers. They own the trucks and routes and the drivers work for the CSP, not FedEx Ground. … No they don’t pay for truck or routes.