Fred Smith Birthday Highlights
Birth Name Frederick Smith
Place Of Birth Marks, USA Age 79 years old
Birth Date August 11 1944
Fred Smith Facts
Child Star? no Occupation Entreprenuer Education & Qualifications Yale University Net Worth $4,500,000,000
Current Partner Diane Smith Children Molly, Arthur, Cannon, Windland Rice, Richard Parents James Frederick Smith, Sally Wallace Siblings Fredette Smith Eagle, Laura Ann Patterson
About Fred Smith Fred Smith, the founder of FedEx, was born on August 11, 1944, in Marks, Mississippi.He is a significant figure in the world of business and has had a tremendous impact on the shipping industry. He is a successful entrepreneur whose concept became a worldwide sensation, making him a billionaire.Fred Smith’s Net Worth, Earnings & Spending HabitsWhat is Fred Smith’s net worth?Fred Smith has an estimated net worth of $4.5 billion.How much does Fred Smith earn per year?Fred’s annual income is not precisely known.Height, Age & Physical AttributesHow tall is Fred Smith?Fred Smith stands at 5 ft 7 in (173 cm).How old is Fred Smith?Fred Smith is currently 77 years old.Childhood And EducationFrederick Smith was born in the town of Marks in Mississippi.Smith suffered from Calve Perthes disease, a rare form of pediatric arthritis of the hips. Smith spent much of his early years using crutches and wearing braces to stabilize his hip joint sockets. Smith had outgrown the condition by the age of 10. He went to Memphis University School for high school, where he engaged in athletics and excelled academically.Smith’s primary interest was aviation, and he began learning the ropes while operating a crop duster at the age of 15. He earned a reputation as a capable amateur pilot. Smith and a group of friends established Ardent Record Company, a tiny recording studio that grew into a respectable corporation.Smith left Memphis in 1962 to study economics and political science at Yale University. He became more interested in university social activities. An occurrence during his junior year became the idea that ultimately propelled Smith to success. He produced a term paper for a class where he presented his proposal for a venture to ensure overnight delivery of small, time-sensitive merchandise to significant cities, such as replacement parts and medical supplies. Smith received a grade of C for his effort from the professor.Smith was a member of Delta Kappa Epsilon fraternity and Skull & Bones secret society, eventually becoming its president.Family, Romance, And RelationshipsWho is Fred Smith’s family?Smith was born into a wealthy Tennessee family, but his father died when he was four years old. This left him with his mother, Sally Smith, and uncles. James Frederick Smith, his father, founded the Smith Motor Coach Company and Toddle House restaurant chain.Who is Fred Smith’s partner?Fred married Linda Black Grisham in 1969, but the couple separated in 1977. He later married Diane Smith.Career And Professional HighlightsBest Known For…Smith earned his bachelor’s in economics in 1966 and joined the US Marine Corps soon after. During the Vietnam War, Smith was sent overseas as a second lieutenant to combat in Southeast Asia. Smith served in Vietnam for two tours. Smith received many awards, including a Silver Star, Bronze Star, and two Purple Hearts, before being honorably discharged as a captain in July 1969.Smith decided to reconsider the business idea he had written about in his paper when he returned to the United States in 1970. His experiences in Vietnam fueled his desire to accomplish something. Smith began acquiring a controlling position in Ark Aviation Sales, an aviation servicing company established by his father-in-law. By 1971, Smith broadened the company’s scope, shifting the company’s focus from aviation repair to buying and selling older business jets. Even the achievement of nearly $9 million in revenue and the company’s first profit did not please Smith.He decided to invest money in advertising to persuade anyone who would be interested in such a venture. Smith understood that by integrating air and ground transportation, package delivery did not have to take the shortest route to their destinations as long as they had to be delivered within 24 hours.Federal Express service was established by defining a web of interconnected cities over time. Finally, Smith founded the Federal Express Corporation on June 18, 1971. In addition to his personal $4 million inheritance, he raised $90 million in venture capital from companies such as Allstate and Newport Securities to keep the network of cities growing. On its first night of operation, the company only carried 186 goods on its 14 Falcon planes, routed to 22 destinations. The company lost over a third of its start-up capital in the first three months. The corporation lost money due to high advertising expenditures and higher aviation fuel and gasoline prices due to the 1973 Arab Oil Embargo.In addition to various enterprises, his company handled federal government deliveries. By 1978, the company established itself as financially sound enough to commence trading on the New York Stock Exchange. Federal Express topped $1 billion in revenue in 1984, marking a watershed moment for the company.The company changed its name to FedEx in 1994. Smith introduced InterNetShip, which allowed clients to organize their domestic deliveries via internet-linked computer software. Smith also created BusinessLink, a marketing service that gave companies an online catalog of their products directly linked to FedEx. Despite losses in the financial sector, FedEx continued to expand.What awards has Fred Smith won?Smith was inducted into the Junior Achievement Hall of Fame and received the American Academy of Achievement’s Golden Plate Award (1998).His additional honors include Chief Executive Magazine’s CEO of the Year award (2004) and Kellogg School of Management’s Kellogg Award for Distinguished Leadership (2008). Franklin Institute’s Bower Award for Business Leadership was awarded to him in Philadelphia in 2008.Tony Jannus Award for extraordinary services to commercial aviation was given to him in 2011.Other Interesting Fred Smith Facts And TriviaHe was placed 26th on Fortune Magazine’s list of World’s 50 Greatest Leaders in March 2014.Photographer Windland Smith Rice, film producer Molly Smith, and Atlanta Falcons head coach Arthur Smith are among Smith’s children.Fred Smith will step down as the CEO and take up Executive Chairman’s position in June 2022.We would love your help! If you have a photo of Fred Smith, either of them alone or a selfie that you would be happy to share, please send it to [email protected].If you have knowledge or information that you think would help us improve this article, please contact us.
Fred Smith Birthday Highlights
Birth Name Frederick Smith
Place Of Birth Marks, USA Age 79 years old
Birth Date August 11 1944
Fred Smith Facts
Child Star? no Occupation Entreprenuer Education & Qualifications Yale University Net Worth $4,500,000,000
Current Partner Diane Smith Children Molly, Arthur, Cannon, Windland Rice, Richard Parents James Frederick Smith, Sally Wallace Siblings Fredette Smith Eagle, Laura Ann Patterson
Fred Smith, the founder of FedEx, was born on August 11, 1944, in Marks, Mississippi.He is a significant figure in the world of business and has had a tremendous impact on the shipping industry. He is a successful entrepreneur whose concept became a worldwide sensation, making him a billionaire.
Fred Smith Birthday Highlights
Birth Name Frederick Smith
Place Of Birth Marks, USA Age 79 years old
Birth Date August 11 1944
Fred Smith Birthday Highlights
Birth Name Frederick Smith
Place Of Birth Marks, USA Age 79 years old
Birth Date August 11 1944
Birth Name Frederick Smith
Place Of Birth Marks, USA Age 79 years old
Birth Date August 11 1944
Birth Name Frederick Smith
Place Of Birth Marks, USA Age 79 years old
Birth Date August 11 1944
Fred Smith Facts
Child Star? no Occupation Entreprenuer Education & Qualifications Yale University Net Worth $4,500,000,000
Current Partner Diane Smith Children Molly, Arthur, Cannon, Windland Rice, Richard Parents James Frederick Smith, Sally Wallace Siblings Fredette Smith Eagle, Laura Ann Patterson
Fred Smith Facts
Child Star? no Occupation Entreprenuer Education & Qualifications Yale University Net Worth $4,500,000,000
Current Partner Diane Smith Children Molly, Arthur, Cannon, Windland Rice, Richard Parents James Frederick Smith, Sally Wallace Siblings Fredette Smith Eagle, Laura Ann Patterson
Child Star? no Occupation Entreprenuer Education & Qualifications Yale University Net Worth $4,500,000,000
Current Partner Diane Smith Children Molly, Arthur, Cannon, Windland Rice, Richard Parents James Frederick Smith, Sally Wallace Siblings Fredette Smith Eagle, Laura Ann Patterson
Child Star? no Occupation Entreprenuer Education & Qualifications Yale University Net Worth $4,500,000,000
Current Partner Diane Smith Children Molly, Arthur, Cannon, Windland Rice, Richard Parents James Frederick Smith, Sally Wallace Siblings Fredette Smith Eagle, Laura Ann Patterson
