![\"Fred](\"https:\/\/hollywoodlife.com\/wp-content\/uploads\/2025\/06\/GettyImages-145005549-e1750598805734.jpg?resize=384%2C216\")
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Fred Smith<\/strong>, the visionary entrepreneur who reworked the logistics business by founding FedEx, has died on the age of 80.<\/p>\n \u201cFred was more than just the pioneer of an industry and the founder of our great company. He was the heart and soul of FedEx \u2013 its PSP culture, values, integrity, and spirit,\u201d FedEx CEO Raj Subramaniam<\/strong> mentioned in a assertion<\/a>. \u201cHe was a mentor to many and a source of inspiration to all.\u201d<\/p>\n Former President George W. Bush<\/strong><\/a> additionally honored Smith, calling him \u201cone of the finest Americans of our generation.\u201d<\/p>\n \u201cHe built an innovative company that helped supercharge our economy. FedEx changed the way we live and do business,\u201d Bush mentioned within the assertion on June 22, 2025. \u201cMy Yale fraternity brother loved America. He was a citizen, not a spectator. He served as a Marine in Vietnam and was rightly proud of his association with our military. I twice asked him to serve as Secretary of Defense, and he declined twice only because of his devotion to his family. Laura and I send our condolences to Fred\u2019s beloved children and grandchildren and his wife, Diane.\u201d<\/p>\n Find out extra about Smith under.<\/p>\n Smith was an American entrepreneur and the founding father of FedEx, the primary firm to make in a single day package deal supply a cornerstone of its enterprise. Born in Mississippi in 1944, Smith served within the U.S. Marine Corps earlier than launching Federal Express in 1971. His groundbreaking hub-and-spoke mannequin reworked international logistics and helped FedEx develop into one of many world\u2019s largest transportation firms. He led the corporate as CEO for practically 50 years, stepping down in 2022 whereas remaining govt chairman till his dying.<\/p>\n \u201cWe were a small startup and had our share of skeptics. But that first night of operations set into motion what would become a global connector of people and possibilities that would change our world for the better,\u201d Smith wrote in a 2022 letter<\/a> to staff saying his retirement.<\/p>\n At the time of his dying, Smith\u2019s internet price was estimated to be $5.3\u202fbillion, in accordance with Forbes<\/em><\/a>.<\/p>\nWho Was Fred Smith?<\/h2>\n
Fred Smith\u2019s Net Worth<\/h2>\n
How Did Fred Smith Die?<\/h2>\n