E. Joe Shoen
$3.4B
Born
Oct 28, 1949
Age
76
Source of Wealth
U-Haul
Residence
Phoenix, Arizona
Citizenship
United States
Marital Status
Married
Children
0
Education
Bachelor of Arts/Science, College of the Holy Cross; Master of Business Administration, Harvard Business School
- Joe Shoen is the president and chairman of U-Haul's parent company Amerco. He owns around 20%.
- His parents, L.S. and Anna Mary Shoen, cofounded the truck and trailer rental company in 1945.
- Worried that his father was wrecking the company, Joe led a coup in 1986, forcing his dad into retirement and alienating most of his 12 siblings.
- Brother Mark Shoen, also a billionaire, reportedly remains on good terms with Joe.
- Despite his problems working with his own dad, Joe's son Sam is an executive at Amerco.
- Shoen wrote his thesis at Harvard Business School on the self-storage business.
- Shoen is known for his frugality, insisting employees stay in cheap motels, two to a room.
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