Friday, March 12, 2010
Memphis Business Journal
Fred Smith is one of the world’s 937 billionaires, according to a Forbes report.
The FedEx Corp. founder ranks No. 556 on Forbes’ list, with a net worth of $1.8 billion.
Smith’s fortune grew from last year, when Forbes placed a $1.3 billion value on his net worth. That is due, in part, to FedEx’s stock price.
Shares of FedEx were trading close to $86 Friday, compared to $38.56 on March 12, 2009.
Smith’s fortune is still down from 2008 though, when the publication estimated his net worth at $2.4 billion.
Smith is the only Memphis resident on the list. There are three other Tennessee billionaires: Thomas Frist Jr. and family of Nashville rank No. 316 with a net worth of $3 billion; Martha Ingram and family of Nashville rank No. 488 with a net worth of $2 billion; and Brad Kelley of Nashville ranks No. 655 with a net worth of $1.8 billion.
1 comment:
Good job Fred keep trying to build up your wealth its your company run it the way you see fit
Post a Comment