Fred Smith, Founder and CEO of FedEx, Dies at 80: Key Facts

Fred Smith, the founder and long-time CEO of FedEx, has passed away at the age of 80.

The news of his demise has been officially confirmed by FedEx.

Smith was a pivotal figure in revolutionizing the global logistics and express shipping industry.

Shareholding and Market Info

Frederick Wallace Smith held 8.33% stake in FedEx Corp (NYSE: FDX).

He was the second-largest individual shareholder, just behind The Vanguard Group, which holds 8.43%.

As of now, FedEx stock is trading at around $226.04 USD.

Smith's estimated net worth in 2025 is around $530 crore USD.

He founded several organizations including: FedEx Corp, FedEx Express, Toddle House.

Fred Smith leaves behind a remarkable legacy in the logistics world and will be remembered as a pioneer who reshaped global commerce.