Back to today’s briefing

Story perspectives

FedEx Founder Fred Smith Dies at 80, Leaving Legacy

6/23/2025

32 3

Summary

Fred Smith's Legacy

Fred Smith, founder of FedEx, passed away at 80, as confirmed by the company.
He launched FedEx in 1971, transforming overnight delivery with just 14 planes.
Smith held the CEO position until 2022 and continued as executive chairman.
Under his leadership, FedEx evolved into a nearly $90 billion global company, operating in over 220 countries.
A Marine veteran, he was a significant figure in Memphis, Tennessee.

Summary

Smith Honored Posthumously

Frederick W. Smith, 80, received tributes from the golf community following his passing.
FedEx's nearly 40-year sponsorship of the FedExCup has greatly contributed to golf's development.
PGA TOUR Commissioner Jay Monahan commended Smith's character and his role in enhancing golf's appeal.
Smith's legacy as a business leader and philanthropist will inspire future generations.

History

Historical Context

Frederick W. Smith founded FedEx on June 18, 1971, revolutionizing logistics with a focus on overnight delivery using 14 jets. By 2022, FedEx had expanded into a $90 billion company operating in over 220 countries. Smith's influence also extended to professional golf through the FedExCup, showcasing his impact on both commerce and sports.

1 of 3

Fred Smith's Legacy

Fred Smith, founder of FedEx, passed away at 80, as confirmed by the company.
He launched FedEx in 1971, transforming overnight delivery with just 14 planes.
Smith held the CEO position until 2022 and continued as executive chairman.
Under his leadership, FedEx evolved into a nearly $90 billion global company, operating in over 220 countries.
A Marine veteran, he was a significant figure in Memphis, Tennessee.

1 / 3