Rank #204
Brad Jacobs
Net worth $14.5B
Logistics · United States
- Born
- Jul 01, 1956
- Age
- 69
- Source
- Logistics
- Residence
- Greenwich, Connecticut
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Drop Out, Brown University
Net worth over time
Biography
- Most of Brad Jacobs' fortune comes from Greenwich-based QXO, Inc., a publicly traded roofing and building materials company operating in the U.S. and Canada.
- Jacobs acquired QXO through a tender offer in 2025, fourteen years after creating the commercial trucking company XPO Logistics.
- 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, Jacobs 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.
- 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.
Financial assets
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