Mark Shoen: The Billionaire Behind U-Haul

Mark Shoen is an American billionaire businessman and vice-president of the moving equipment and storage rental company U-Haul, which was founded by his father. Shoen is also the largest shareholder in its parent company, Amerco. He is estimated to have a net worth of $4.8 billion as of August 2023.

Early Life and Family

Mark Shoen was born in Phoenix, Arizona in 1951. He is the son of L.S. “Len” Shoen and Anna Mary Carty Shoen. His father founded U-Haul in 1945. Shoen has one brother, Joe Shoen, who is the president and CEO of U-Haul.

Career

Shoen joined U-Haul in 1973 after graduating from college. He worked his way up through the company and became vice-president in 1984. Shoen is responsible for overseeing U-Haul’s real estate and self-storage operations.

Net Worth

Shoen is estimated to have a net worth of $4.8 billion as of August 2023. He is the largest shareholder in Amerco, which owns U-Haul.

Personal Life

Shoen is married and has one child. He lives in Phoenix, Arizona.

Controversies

Shoen has been involved in a number of controversies over the years. In 1998, he was sued by his brother, Joe, for allegedly trying to oust him from U-Haul. The lawsuit was settled out of court. In 2008, Shoen was sued by the U.S. government for allegedly violating environmental laws. The lawsuit was also settled out of court.

Charitable Work

Shoen is a philanthropist and has donated millions of dollars to a variety of charities. He is also a board member of the Phoenix Children’s Hospital Foundation.

Education

Shoen attended the University of Arizona and graduated with a degree in business administration.

Awards and Recognition

Shoen has been inducted into the Arizona Business Hall of Fame. He has also received the Ernst & Young Entrepreneur of the Year Award.

Mark Shoen is a successful businessman who has made a significant impact on the American economy. He is also a generous philanthropist who has given back to his community. Shoen is a role model for entrepreneurs and philanthropists alike.