The American entrepreneur has an estimated net worth of $3 Billion as of November 2020. Frederick Smith was born in Marks, Mississippi, the son of James Frederick "Fred" Smith, the founder of the Toddle House restaurant chain and the Smith Motor Coach Company (renamed the Dixie Greyhound Lines after The Greyhound Corporation bought a controlling interest in 1931). A DKE Fraternity Brother of George W. Bush while at Yale, after Bush's 2000 election, there was some speculation that Smith might be appointed to the Bush Cabinet as Defense Secretary.
In 1973, the company began offering service to 25 cities, and it began with small packages and documents and a fleet of 14 Falcon 20 (DA-20) jets. Immediately prior to his current role, he was regional president for FedEx Express, U.S. The Other segment consists of the liquidation of SpringCastle Portfolio activities and non-orginating operations. "[9], In 1970, Smith purchased the controlling interest in an aircraft maintenance company, Ark Aviation Sales,[3] and by 1971 turned its focus to trading used jets. The company was founded on August 5, 2013 and is headquartered in Evansville, IN. On average, Richard trades about 528 units every 41 days since 2012. [13] In addition to FedEx, Smith is also a minority owner of the Washington Football Team of the National Football League (NFL). Richard W. Smith is regional president and executive vice president of the Americas, which includes U.S. Mr. Smith is also a member of the board of directors of W.C. Bradley Companies, a privately held company headquartered in Columbus, Georgia. Smith developed FedEx on the business idea of a shipment version of a bank clearing house where one bank clearing house was located in the middle of the representative banks and all their representatives would be sent to the central location to exchange materials. Smith was inducted into the Junior Achievement U.S. Business Hall of Fame and also awarded the Golden Plate Award of the American Academy of Achievement in 1998. In 1962, Smith entered Yale University. His son, Arthur Smith is the offensive coordinator for the Tennessee Titans. In addition, he makes $239,335 as Independent Director at OneMain. There are 5 executives at OneMain getting paid more, with Douglas Shulman having the highest compensation of $9,483,400. In addition, he makes $239,335 as Independent Director at OneMain. Mr. Smith earned his B.S. $3.4B. While Smith was Bush's first choice for the position, he declined for medical reasons — Donald Rumsfeld was named instead. His FedEx career also includes a series of leadership positions in life sciences, healthcare, and customer solutions, including serving as vice president of global trade services and managing director of life sciences and specialty services. 2015 America's Richest Families NET WORTH. Bush. In his college years, he was a friend and DKE fraternity brother of future U.S. president George W. The largest trade he's ever made was buying 12,000 units of OneMain stock on 1 March 2016 worth over $384,600. He is the immediate past chairman of the Greater Memphis Chamber of Commerce and serves on its Chairmanâs Circle Board. Mr. Smith owns over 2,000 units of OneMain stock worth over $411,379 and over the last 8 years he sold OMF stock worth over $0. By Richard Smith – President and CEO of FedEx Trade Networks, and the board chairman of the Greater Memphis Chamber Jan 5, 2018, 5:00am CST I … Richard W. Smith is regional president of the Americas, which includes U.S. His aggressive tactics and calm presence of min [sic] under fire inspired all who observed him and were instrumental in his unit accounting for the capture of two hostile soldiers as well as numerous documents and valuable items of equipment. The President of the United States of America takes pleasure in presenting the Silver Star to First Lieutenant Frederick Wallace Smith, United States Marine Corps, for conspicuous gallantry and intrepidity in action while serving as Commanding Officer of Company K, 3rd Battalion, 5th Marines, 1st Marine Division in connection with operations against the enemy in the Republic of Vietnam. [3], In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. He is the founder, chairman, president and CEO of FedEx known as Federal Express. He is also a board member of Launch Tennessee, the Coalition of Services Industries, and Epicenter Memphis, a nonprofit organization that supports new and existing community entrepreneurs. Immediately prior to his current role, he was regional president for FedEx Express, U.S. [3], Smith was crippled by bone disease as a small boy but regained his health by age 10.[4]. [18] He was also awarded the 2008 Bower Award for Business Leadership from The Franklin Institute in Philadelphia, Pennsylvania. Mr. Smith was a member of the board of directors of Total Systems Services, Inc, a NYSE-listed company headquartered in Columbus, Georgia prior to its 2019 merger with Global Payments Network, a NYSE-listed company headquartered in Atlanta, Georgia. Domestic. [21] [20], While CEO of FedEx in 2008, Frederick W. Smith earned a total compensation of $10,434,589, which included a base salary of $1,430,466, a cash bonus of $2,705,000, stocks granted of $0, and options granted of $5,461,575. Immediately prior to his current role, he was regional president for FedEx Express, U.S. You can see the complete history of Mr. Smith stock trades at the bottom of the page. As the Independent Director of OneMain, the total compensation of Richard Smith at OneMain is $239,335. Get exclusive benefits when you open a FedEx account. Frederick Wallace Smith (born August 11, 1944) is the founder, chairman and CEO of FedEx. Accurately assessing the confusion that supporting arms was causing among the enemy soldiers, he raced across the fire-swept terrain to the right flank of his company and led an enveloping attack on the hostile unit's weakest point, routing the North Vietnamese unit and inflicting numerous casualties. Smith was a supporter of Senator John McCain's 2008 Presidential bid, and had been named McCain's National Co-Chairman of his campaign committee. Additionally, Smith became a member and eventually the president of the Delta Kappa Epsilon (DKE) fraternity and the Skull and Bones secret society. Fred Smith is his nick name. Richard Smith is 66, he's been the Independent Director of OneMain since 2018. Richard W. Smith is regional president of the Americas, which includes U.S. as of 7/1/15. Smith joined FedEx in 2005. The estimated Net Worth of Richard A Smith is at least $651 Thousand dollars as of 4 March 2020. On June 18, 1971, Smith founded Federal Express with his $4 million inheritance (approximately $23 million in 2013 dollars),[10] and raised $91 million (approximately $525 million in 2013 dollars)[10] in venture capital. 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It kept FedEx alive for one more week.[11]. While attending Yale, he wrote a paper for an economics class, outlining overnight delivery service[citation needed]. It operates through the following the Consumer and Insurance, and Other segments. Domestic, Canada, and LAC (Latin America & the Caribbean), and Executive Vice President of Global Support for FedEx Express. [16] He was inducted into the SMEI Sales & Marketing Hall of Fame in 2000. degree from Columbus State University and received his M.S. Richard Smith, son of FedEx Corp. founder Fred Smith, bought a home in East Memphis last week for $4.8 million.. âSimply put, our goal as a company is to meet customer needs and to anticipate needs they didnât know they had.â. [5][6] He received his bachelor's degree in economics in 1966. The most recent stock trade was executed by Micah R. Conrad on 13 May 2020, trading 2,500 units of OMF stock currently worth $47,150. Over the last 5 years, insiders at OneMain have traded over $2,377,009,155 worth of OneMain stock and bought 325,023 units worth $7,414,708 [19] He is the 2011 recipient of the Tony Jannus Award for distinguished contributions to commercial aviation. Richard A. Smith serves as Independent Director of the Company. Most recently he bought 2,000 units of OMF stock worth $76,240 on 4 March 2020. He has previously served as the President and CEO of FedEx Logistics, and his FedEx career also includes a series of leadership positions in life sciences, healthcare, and customer solutions, including serving as vice president of global trade services and managing director of life sciences and specialty services. When Bush decided to replace Rumsfeld, Smith was offered the position again, but he declined in order to spend time with his terminally ill daughter.[15]. . Domestic, Canada, and LAC (Latin America & the Caribbean), and Executive Vice President of Global Support for FedEx Express. [2] The elder Smith died when his son was only 4, and the boy was raised by his mother and uncles. We recommend using one of the following browsers for an optimal website experience. Fred Smith Net Worth. On average, OneMain executives and independent directors trade stock every 44 days with the average trade being worth of $93,911,838. Smith joined FedEx in 2005. SECOND STREET, EVANSVILLE, IN, 47708. Frederick Wallace Smith was born on 11 August 1944, in Marks, Mississippi USA, to parents Sally and James Frederick Smith. We have updated our list of supported web browsers. [14] Although Smith was friends with both 2004 major candidates, John Kerry and George W. Bush, Smith chose to endorse Bush's re-election in 2004. ... Net worth over time. Frederick Wallace Smith is his real and born name. A famous businessman, how rich is Fred Smith? Unhesitatingly rushing through the intense hostile fire to the position of heaviest contact, Lieutenant Smith fearlessly removed several casualties from the hazardous area and, shouting words of encouragement to his men, directed their fire upon the advancing enemy soldiers, successfully repulsing the hostile attack. Senator and Secretary of State John Kerry; the two shared an enthusiasm for aviation and were flying partners.[8].