Frederick Wallace Smith, aka Fred Smith, is the founder and chairman of FedEx Corporation, the world’s largest transportation company. Smith stepped down as CEO to become executive chairman on June 1, 2022 and was replaced by Raj Subramaniam. He is regarded as one of the world’s most successful transportation entrepreneurs. He has been married twice and is the father of ten children. Here’s everything you need to know about Fred Smith net worth, business, wife, daughter, and more:
How much are Fred Smith net worth and earnings?
Smith is an American business magnate and entrepreneur who has transformed his and his family’s lives through wise investment, hard work, perseverance, and dedication. An American entrepreneur, Fred Smith net worth is over than $4.1 billion. He founded Federal Express (later known as FedEx) in 1971, one of the world’s largest express-delivery companies. The company’s annual revenue has now surpassed $90 billion.
Frederick W. Smith received $10,596,150 in total compensation as Chairman of the Board and Chief Executive Officer (Principal Executive Officer) of FEDEX CORP. A salary of $1,412,516 was received, a bonus of $819,224 was received, and stock options worth $7,160,341 were received.
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Smith stepped down as CEO to become executive chairman on June 1, 2022, and was succeeded by Raj Subramaniam. He is regarded as one of the world’s most successful transportation entrepreneurs.
He previously worked for the United States Marine Corps, where he observed delivery and procurement procedures and gained knowledge that he later used to offer global delivery services through FedEx.
Awards and Achievements
Smith supported Senator John McCain’s 2008 presidential campaign and was named National Co-Chairman of McCain’s campaign committee. In 1998, Fred was inducted into the Junior Achievement U.S. Business Hall of Fame and received the American Academy of Achievement’s Golden Plate Award. In 2000, he was inducted into the SMEI Sales & Marketing Hall of Fame. His other honors include Chief Executive Magazine’s “CEO of the Year 2004” and the 2008 Kellogg Award for Distinguished Leadership, which he received on May 29, 2008.
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He also received The Franklin Institute’s 2008 Bower Award for Business Leadership in Philadelphia, Pennsylvania. He received the Tony Jannus Award for distinguished contributions to commercial aviation in 2011. Fortune Magazine ranked him 26th on its list of the “World’s 50 Greatest Leaders” in March 2014.
Indictment for forgery and a car crash
A federal grand jury indicted Fred Smith for forgery on January 31, 1975. Smith’s two half-sisters filed the lawsuit. According to the lawsuit, Smith forged documents to obtain a $2 million bank loan, and he and his family’s trust fund executives sold stock from the fund for a $14 million loss. A warrant was issued for Smith’s arrest, and he posted a bond with federal authorities in Memphis. Smith was later acquitted of the forgery charge.
Smith was involved in a fatal hit-and-run that killed a 54-year-old handyman named George C. Sturgill the same evening he was charged with forgery. Smith was arrested and charged with reckless driving and driving with an expired license. He was released after posting a $250 bond. All charges were eventually dropped.
Smith had been involved in a fatal car accident before. Smith was driving out to a lake with friends during his first summer break from Yale when he lost control of the car, causing the vehicle to flip and killing the passenger in the front seat. The crash’s cause was never determined.
Who is an American business magnate Frederick Wallace Smith married to? Wife & Children?
Fred Smith wife: In his life, he has been married twice. He is currently married to his second wife, Diane Smith. In 2006, the couple married. They have a total of five daughters and three sons. The couple has been married for 16 years, and their love has not changed.
Frederick was married to Linda Black Grisham before marrying Diane in 1969, but they divorced in 1977. They had two children together. The reason for their divorce is still unknown. Windland Smith Rice, film producer Molly Smith, and Atlanta Falcons head coach Arthur Smith are among Smith’s ten children.
Who are his children?
Smith has ten children, but the names of all of them are unknown. Windland Smith Rice was the first daughter of Frederick Smith, a professional photographer who specialized in animals and nature. She was married to Jeffery Scott Rice and died in 2005 due to Long QT Syndrome Type 2.
Richard Smith is a businessman, editor, and medical doctor by trade. Molly Smith is Smith’s daughter and an American film producer best known for her work on The Blind Side in 2009 and P.S. I Love You in 2007. The latter was dedicated to her late sister Windland Smith Rice.
Arthur Smith is a writer and alternative comedian who has received numerous awards and nominations for his standup performances and acting roles. Cannon Smith, Frederick’s youngest son, is a businessman, film actor, producer, and football player.
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