The nation’s wealthiest transportation mogul didn’t make her money on trucks, trains or planes, but by operating barges and distributing books.
Martha Ingram, 76, former chairman of Ingram Industries, has a net worth of $3 billion and ranks at 117 on the Forbes 400 list of wealthiest Americans.
Ingram Industries includes Ingram Marine Group, a company with a heritage hailing back to the 1940s that has more than 4,000 barges on U.S. waterways. The other side of the business, Ingram Content Group, is the largest wholesale distributor of books in the world, including print-on-demand and digital books.
A net worth of $2.5 billion earned Donald Schneider, 75, the 159th ranking on the Forbes 400 list of wealthiest Americans and makes him the richest man in trucking. The Green Bay, Wis., resident, now retired from $3.1 billion Schneider National, ranks alongside Standard Oil’s David Rockefeller, 96, on the list.
Ingram and Schneider are followed by several individuals whose wealth, or a portion of it, is tied in some fashion to transportation and distribution.
J. Christopher Reyes, 57, and Jude Reyes, 56, made fortunes in beer and food distribution, eventually buying Chicago Beverage and Martin-Brower. The Reyes brothers both rank 212 on the list with a net worth of $2 billion each.
Grocery distribution entrepreneur Drayton McLane started his career as a truck loader and now has a net worth of $1.75 billion and is ranked 260 on the list.
Frederick Smith, 67, the founder of FedEx, the second-largest U.S. transportation company, ranks 263 on the Forbes 400 with a net worth of $1.7 billion.
Manuel “Matty” Moroun, 84, ranks 293 on the list, with a net worth of $1.5 billion. He owns the Detroit Ambassador Bridge and Central Transport International.
Johnelle Hunt, 79, co-founder of J.B. Hunt Transport Services and widow of Johnnie Bryant Hunt, ranked 312 on the list with a net worth of $1.4 billion.
William "Chip" Connor II, head of global logistics and sourcing business William E. Connor & Associates, ranked 359 with a net worth of $1.2 billion.
Irwin Jacobs, the founder of Qualcomm, which revolutionized trucking technology before turning to cell phones, ranked 372 with a net worth of $1.15 billion.