Frederick W Smith Net Worth (Updated 2026).

Frederick W. Smith, born in 1944, began his career in the aviation industry at a young age. After graduating from Yale University in 1966, he enlisted in the U.S. Marine Corps, where he served as a pilot, honing his skills and passion for aviation. Upon leaving the military, Smith worked briefly for IBM before recognizing a gap in the market for reliable, overnight delivery services. In 1971, he founded Federal Express, now known as FedEx, with a mere $4,000 in startup funds.

Frederick W. Smith’s Current Net Worth (2025)

As per the latest available information, Frederick W. Smith’s current net worth stands at an impressive $6.5 billion as of 2025. This substantial fortune is largely attributed to his successful career as the founder and CEO of FedEx, a multinational courier delivery services company.

Career

Frederick W. Smith’s career is marked by his entrepreneurial spirit and innovative approach to the logistics industry. In 1971, he founded Federal Express (now FedEx) with just $4 million and a fleet of 14 planes. Today, FedEx is a global leader in express transportation and logistics, employing over 500,000 people worldwide. Smith has served as the company’s CEO since its inception and is also its largest shareholder.

Other Ventures

Besides FedEx, Smith has invested in several other ventures. He is a co-owner of the Memphis Grizzlies NBA team and has interests in horse racing, with his horses winning several prestigious events. Smith is also a philanthropist, contributing significantly to various causes through the FedEx Charitable Trust.

Assets

Smith’s assets include a significant stake in FedEx, valued at over $5 billion. He also owns several properties, including a 15,000-square-foot mansion in Memphis, Tennessee, and a ranch in Wyoming. His art collection, which includes works by artists like Andy Warhol and Roy Lichtenstein, is also estimated to be worth tens of millions of dollars.

Annual Income

As of 2025, Frederick W. Smith’s annual income is estimated to be around $20 million. This includes his salary as the CEO of FedEx, which was reported to be $1.4 million in 2020, along with additional compensation and the increase in his FedEx stock value. However, his wealth growth is primarily driven by the appreciation of his FedEx stake.

Frequently Asked Questions about  Frederick W Smith

Frequently Asked Questions: Frederick W. Smith Net Worth

1. What is Frederick W. Smith’s net worth?

Frederick W. Smith’s net worth is estimated to be around $6.5 billion.

2. How did Frederick W. Smith make his fortune?

Frederick W. Smith made his fortune by founding FedEx Corporation in 1971. He serves as the company’s chairman and CEO.

3. What is Frederick W. Smith’s role at FedEx?

Frederick W. Smith is the founder, chairman, and CEO of FedEx Corporation.

4. When was FedEx founded?

FedEx was founded in 1971.

5. What is the headquarters of FedEx?

The headquarters of FedEx is located in Memphis, Tennessee, USA.

6. What is Frederick W. Smith’s educational background?

Frederick W. Smith graduated from Yale University with a Bachelor of Arts degree in 1966.

7. Did Frederick W. Smith serve in the military?

Yes, Frederick W. Smith served as a Marine Corps pilot in the Vietnam War.

8. What is Frederick W. Smith’s political affiliation?

Frederick W. Smith is a registered Republican.

9. What is Frederick W. Smith’s philanthropic work like?

Frederick W. Smith and his wife, Jennifer, have established the Fred and Jennifer Smith Enterprise Fund, which supports various charitable causes, including education, healthcare, and community development.

10. What are some of the awards and recognitions Frederick W. Smith has received?

Frederick W. Smith has received numerous awards and recognitions, including the Presidential Medal of Freedom, the nation’s highest civilian honor, in 2012. He has also been inducted into the Junior Achievement U.S. Business Hall of Fame and the National Business Hall of Fame.