Rank #2103
Joseph 'Pitt' Reeves Hyde III
Net worth $2.0B
Auto Parts · United States
- Born
- Dec 27, 1942
- Age
- 83
- Source
- Auto Parts
- Residence
- Memphis, Tennessee
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Joseph 'Pitt' Reeves Hyde founded auto parts giant AutoZone in 1979.
- He served as CEO and board chair until 1996, when he stepped down from both roles after being diagnosed with prostate cancer.
- He sold most of his AutoZone stock back in the 1990s. Had he kept it, he'd be worth over $10 billion as of September 2025.
- His charitable foundation, which he runs with his wife Barbara, has given away more than $300 million, nearly all of which has gone to a smorgasbord of local causes in his hometown of Memphis.
- Hyde's family office acquired an undisclosed stake in Elon Musk's xAI through a special purpose vehicle in 2025. He and Barbara know Musk's brother Kimbal, who formerly ran a restaurant in the city.