Death of FedEx Founder Fred Smith at Age 80
Death of FedEx Founder Fred Smith at Age 80
Frederick W. Smith, founder and executive chairman of FedEx, passed away on June 21, 2025, at the age of 80. Reports indicate he died following a heart attack.
Smith, born August 11, 1944, in Marks, Mississippi, graduated from Yale University in 1966 and served four years in the U.S. Marine Corps, including two tours in Vietnam, earning two Purple Hearts and a Silver Star. He founded FedEx in 1971, with operations commencing in 1973. The company grew into a global enterprise serving over 220 countries and territories, generating $87.7 billion in revenue (according to the company website).
Smith stepped down as FedEx CEO in 2022, succeeded by Raj Subramaniam. Subramaniam released a statement following Smith’s death, describing him as “the heart and soul of FedEx,” praising his mentorship and inspiration, and offering condolences to the Smith family. Smith was married and a father of ten children.
FedEx’s impact on Memphis, Tennessee, where it is headquartered and the largest private employer, was significant. Smith’s contributions extended beyond business, encompassing philanthropy and community investment. He was honored with a Freedom Award at the National Civil Rights Museum in October 2022.
Numerous public figures expressed their condolences and acknowledged Smith’s profound influence on Memphis and the global economy. These included U.S. Senator Marsha Blackburn, U.S. Representatives Steve Cohen and David Kustoff, Shelby County Mayor Lee Harris, former Memphis Mayors Willie Herenton and Jim Strickland, and Memphis Mayor Paul Young. Their statements highlighted Smith’s business acumen, his commitment to Memphis, his philanthropy, and the vast number of jobs created by FedEx.
Other tributes came from G. Scott Morris, founder of the Church Health Center, and local philanthropist Gayle Rose. Rose shared a personal anecdote about Smith’s empathetic response to her son’s death, noting his lack of platitudes and genuine presence during a difficult time. Smith’s own daughter, Wendy, passed away in 2005 from an undiagnosed heart condition.
Smith’s impact on Memphis included significant contributions to the city’s sports landscape. FedEx’s sponsorship of the FedEx St. Jude Championship, the naming rights to FedExForum, and substantial donations to the University of Memphis are examples of his commitment to the city. The company also played a crucial role in the distribution of COVID-19 vaccines.
The inspiration for FedEx originated from a paper Smith wrote at Yale University on overnight, reliable delivery. While receiving a C from his professor, the idea ultimately revolutionized global logistics and significantly shaped the modern economy. Early years were financially challenging, with Smith even relying on Las Vegas casino winnings to secure funding at one point.
Smith’s military experience profoundly influenced his leadership style. He often cited his time in the Marine Corps as more formative than his formal education, emphasizing the importance of leadership and the appreciation he received from his troops in Vietnam.
In conclusion, Fred Smith’s death marks the loss of a prominent business leader, philanthropist, and influential figure in Memphis and the global community. His legacy is inextricably linked to the success of FedEx and its profound impact on global commerce and the city of Memphis.
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