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Fred Smith’s Net Worth, Early Life, Career, Age, Children, Wiki, Bio!!

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Frederick Wallace Smith is the real name of this entrepreneur and FedEx pioneer.

Fred Smith is a nickname given to him by his friends and family. He was born in the United States, according to his birth certificate. His hometown is called Marks, Mississippi.

Instead of being CEO, he became executive chairman on June 1, 2021. He is regarded as the most successful transportation entrepreneur in the world.

All You Need To Know About Fred Smith’s Career, Net Worth, Bio

He was born in Marks, Mississippi, and The Greyhound Corporation bought a controlling stake in the company in 1931, renaming it Dixie Greyhound Lines.

His father died when he was four years old, and he was raised by his mother and uncles for the next four years. Smith was paralyzed as a child due to a bone illness, but he recovered his health by the age of ten.

Fred Smith's Net Worth, Early Life, Career, Age,  Children, Wiki, Bio

Fred Smith’s early life:

He went to Memphis Presbyterian Day School for elementary school and Memphis University School for high school, and as a child, he was an amateur pilot.

Smith enrolled at Yale University in 1962. On a paper he produced for a Yale economics class, he scored a “C.” Smith was also a member of the Delta Kappa Epsilon (D) fraternity and the Skull & Bones secret society, for which he served as president for a while.

He earned his bachelor’s degree in economics in 1966. Smith was also friends with future US Senator and Secretary of State John Kerry, with whom he had an interest in flying and who he flew with on several occasions.

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Fred Smith’s marine work :

He joined the Marine Corps after graduation and served for three years in OV-10, where he was a platoon leader and also worked as a forward air controller. Before being honorably retired with the rank of captain in 1969, he served in Vietnam for two tours and was awarded the Silver Star, Bronze Star, and two Purple Hearts.

Fred Smith’s company:-

Smith founded FedEx, which is based on a shipment-based concept. Representatives from all of the representative banks were transported to a central location to exchange goods, with a clearinghouse in the middle.

Smith had to go to tremendous lengths in the early days of FedEx to keep the company solvent. He took the company’s last $5,000 to Las Vegas and won $27,000 playing blackjack to settle the company’s $24,000 fuel bill after a vital business loan was denied.

Fred Smith’s age:

Smith was born on August 11th, 1944, in Marks, Mississippi, in the United States. He celebrates his birthday every year on August 11th.

Fred Smith’s children :

Smith has ten children, including photographer Windland Smith Rice and football coach Arthur Smith.

Fred Smith’s net worth:

Smith is the founder, chairman, president, and CEO of FedEx, with a net worth of $5.4 billion in 2019–2020. He has accumulated tremendous wealth as the founder, chairman, president, and CEO of FedEx.

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