U Haul Net Worth (Updated 2025).

U-Haul, a household name in the moving industry, was founded in 1945 by L.S. Shoen and his wife Anna Mary. The couple, with a humble investment of $100, started the business in Oklahoma City, Oklahoma. Their initial idea was to provide a convenient and affordable alternative to traditional moving services, focusing on self-service truck rentals.

The Shoens introduced the concept of “do-it-yourself” moving, which was revolutionary at the time. They began with a fleet of 48 trailers, each equipped with a hitch that could be attached to a customer’s personal vehicle. This innovative approach allowed customers to save money by not hiring professional movers, and it also gave them more control over their moving process. This unique business model quickly gained popularity, and U-Haul started to expand its services and fleet, paving the way for its eventual nationwide recognition.

U-Haul’s Current Net Worth

As of 2025, U-Haul’s current net worth is estimated to be around $6.5 billion. This figure reflects the company’s extensive growth and success in the moving and storage industry.

U-Haul’s Career

Founded in 1945 by Leonard Shoen, U-Haul is a prominent player in the self-moving industry. It started with a single rental location and has since expanded to over 21,000 locations across the United States and Canada. The company pioneered the “do-it-yourself” moving concept and continues to innovate with services like U-Box and U-Haul Connect.

U-Haul’s Other Ventures

U-Haul’s parent company, AMERCO, diversifies its portfolio with other ventures. These include AMERCO Real Estate, which focuses on property management and development, and Oxford Life Insurance Company, providing insurance services. Additionally, U-Haul has invested in renewable energy initiatives, such as solar power, demonstrating its commitment to sustainability.

U-Haul’s Assets

U-Haul’s extensive assets include a vast fleet of trucks, trailers, and vans, as well as a significant amount of real estate. The company owns over 1,200 self-storage facilities and has a substantial presence in the moving equipment manufacturing industry through its subsidiary, U-Box.

U-Haul’s Annual Income

U-Haul’s annual income is substantial, with revenues consistently exceeding $3 billion. In 2024, the company reported revenues of $3.4 billion, reflecting its strong market position and the demand for self-moving services. This figure is expected to continue growing as the company expands its services and customer base.

Frequently Asked Questions about  U Haul

**Frequently Asked Questions: U-Haul Net Worth**

1. What is U-Haul’s net worth?

U-Haul’s net worth is estimated to be over $2 billion.

2. Who is the owner of U-Haul?

U-Haul is a subsidiary of AMERCO, a holding company owned by Joseph C. Shoen and his family.

3. When was U-Haul founded?

U-Haul was founded in 1945 by Leonard Shoen and his wife, Anna Mary Carty Shoen.

4. How many locations does U-Haul have worldwide?

U-Haul has over 21,000 locations across all 50 states and 10 Canadian provinces.

5. What are the different services U-Haul offers?

U-Haul offers a range of services including truck and trailer rentals, self-storage, moving supplies, and even moving labor services.

6. How does U-Haul’s business model work?

U-Haul operates on a unique one-way rental system, allowing customers to pick up a moving truck or trailer at one location and drop it off at another, facilitating long-distance moves.

7. What is U-Haul’s revenue?

U-Haul’s annual revenue is over $2 billion.

8. How many employees does U-Haul have?

U-Haul employs over 30,000 team members across its various locations.

9. What is U-Haul’s mission statement?

U-Haul’s mission statement is “To help people move and live better.”

10. How does U-Haul contribute to sustainability?

U-Haul has implemented various sustainability initiatives, such as offering electric and hybrid vehicles for rent, and has been recognized for its green practices.