Joseph 'Pitt' Reeves Hyde III
$2.0B
Born
Dec 27, 1942
Age
83
Source of Wealth
Auto Parts
Residence
Memphis, Tennessee
Citizenship
United States
Marital Status
Married
Children
3
Education
- 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.
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