Adjusting for inflation, truckers today may make about $10k less on average annually than they did 40 years ago. But not everyone in trucking is struggling to make ends meet. On Forbes’ list of billionaires published this week, there are seven names that most people in trucking will recognize.
Topping the list with an estimated combined net worth of $7 billion are Tom and Judy Love, the founders of Love’s Travel Stops. Their son and current President and COO of Love’s, Frank Love, sits on the board of NATSO, the organization whose CEO recently said that if truckers would pay for parking, “the truck parking issue would be gone.”
Fellow NATSO board member Jimmy Haslam is also on the list. The current CEO of Pilot Flying J and owner of the Cleveland Browns NFL team, Haslam is worth an estimated $2.7 billion.
The last four are all founders of large trucking companies. Fred Smith, the founder of FedEx, is worth an estimated $4.1 billion. Johnelle Hunt co-founded J.B. Hunt along with her late husband in 1969 and is now worth an estimated $2.8 billion. Brad Jacobs Founded XPO Logistics and is worth an estimated $1.7 billion. And finally, Jerry Moyes, who co-founded Swift Transportation alongside his father, is worth an estimated $1.2 billion.