Frederick smith

Frederick Smith

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Richard Smith is continuing his climb up the corporate ladder of FedEx, the company his father founded.

"We'd run out of money, and we didn't have all of the regulatory requirements that we needed. My half-sisters were up in arms because it looked like we were going to lose some money. Everything was going wrong, except the fundamentals of the business were proving every single day that the idea was right." In 1974, it looked as though Fred Smith's dream of a worldwide overnight delivery system was about to go up in flames. His family's capital was spent, the bank loans were due and the demand…

Frederick W. Smith served in the marines, was an amateur pilot and is now a billionaire as head of Federal Express.

We bet you had NO idea there was such wealth in Tennessee!

The financial secrets of the rich, the powerful — and also the crooked — are revealed in a massive leak of offshore shell company documents.