Fred Smith, the pioneering force behind FedEx, passed away on June 21, 2025, at age 80, following a reported heart attack. His death marks the end of an era for a man whose bold vision reshaped global logistics. Born in Marks, Mississippi, on August 11, 1944, Smith graduated from Yale University in 1966, where his undergraduate thesis on overnight delivery laid the groundwork for an industry-defining idea. After earning his degree, he served honorably in the U.S. Marine Corps, completing two tours in the Vietnam War and earning decorations including the Silver Star, Bronze Star, and two Purple Hearts. His military discipline and risk-taking mindset carried over into his entrepreneurial approach.

In 1971, Smith took $4 million from his inheritance and secured additional venture capital to launch Federal Express. He officially began operations in 1973 with just 14 small jets connecting 25 U.S. cities. Facing early financial peril, he famously turned to a high-stakes blackjack gamble to keep the company afloat, a move that paid off and allowed FedEx to survive its critical startup phase. Smith’s innovation lies in instituting the hub-and-spoke model, anchored in Memphis, Tennessee. This system centralized sorting and distribution, allowing unprecedented overnight delivery reliability—17 million shipments daily on a fleet of over 700 aircraft by the time of his death.

Under his stewardship, FedEx acquired major companies like Flying Tigers, RPS (now FedEx Ground), and Kinko’s (FedEx Office), solidifying its status as the world’s logistics backbone. Smith stepped down as CEO in June 2022, handing leadership to Raj Subramaniam while continuing to serve as executive chairman. Current CEO Subramaniam described him as “the heart and soul” of FedEx—a visionary, mentor, and enduring source of integrity. Smith was also a respected voice in public policy and international trade. As president of the U.S.-China Business Council, he advocated for free markets and opposed Trump-era tariffs despite his conservative leanings.

A philanthropist at heart, Smith quietly supported causes like the Marine Corps Scholarship Foundation, preferring low-profile contributions over public recognition. His civic impact extended to Memphis. He was dubbed “Memphis’ most important citizen,” boosting institutions like the University of Memphis and the local zoo. He briefly held a minority ownership stake in the NFL’s Washington Commanders and was father to Arthur Smith, offensive coordinator of the Pittsburgh Steelers. Additionally, he made a cameo in the film "Castaway". Fred Smith’s death leaves a profound legacy: a logistics empire that transformed commerce, a model of entrepreneurial grit, and a quiet philanthropic spirit. He redefined how the world communicates and trades, embedding speed and reliability into modern business DNA. As global markets adjust to his absence, FedEx remains a testament to his vision. May his life inspire continued innovation, resilience, and quiet generosity.