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          5. Frederick W. Smith

          American business magnate, Founder of FedEx

          For the surgeon in Syracuse, New York, see Frederick W. Smith (physician). For other people with similar names, see Frederick Smith.

          Frederick Wallace Smith (born August 11, 1944) is an American business magnate and investor.

          He is the founder and chairman of FedEx Corporation, the world's largest transportation company. Smith stepped down as CEO in June 2022 and was succeeded by Raj Subramaniam.[1] He is considered one of the most successful transportation entrepreneurs in the world.

          He had an estimated net worth of $6.3 billion as of June 2024.[2]

          Early life

          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).[3] The elder Smith died when his son was only 4