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#162 Billionaire

Brad Jacobs

$15.3B
$-260M (-1.7%)
US · Age 69
Source of wealth: Logistics
Industry: logistics
Residence: Greenwich, US
{ "bio": [ "Most of Brad Jacobs' fortune comes from XPO Logistics, a commercial trucking company that delivers goods to warehouses and distribution centers.", "Jacobs created XPO Logistics, now XPO, in 2011 and serves as its chairman.", "In 2021, XPO spun off its warehousing business into GXO Logistics, which contracts with retailers to manage inventory and fill orders. In 2022, it spun off its truck brokerage business into RXO.", "In the 1990s he consolidated rural trash hauling, building United Waste and flipping it to Waste Management in 1997 for $1.9 billion.", "He then built United Rentals into the biggest heavy equipment rental company in the world. Its shares trade on the New York Stock Exchange." ], "about": [ "A trained classical pianist, Jacobs studied piano and mathematics at Brown University before dropping out.", "Jacobs has a Palm Beach mansion a few doors down from Donald Trump's Mar-a-Lago." ] }

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