Raj Subramaniam's Net Worth Skyrocketed After Stepping Into FedEx CEO Role

After FedEx founder and longtime CEO Fred Smith stepped down, Raj Subramaniam entered the leadership role. What's Subramaniam's net worth?

Rachel Curry - Author

Mar. 1 2023, Updated 10:10 p.m. ET

Raj Subramaniam and a FedEx plane
Source: FedEx

In June 2022, Fred Smith, the founder and decades-long chief executive of FedEx (FDX), stepped down from his post, which paved the way for new leadership for the first time in FedEx history. Since then, Raj Subramaniam has been serving in the role. He has helped the company maintain its footing in the package delivery industry.

Given the prominent title Subramaniam took on, many can't help but wonder how much he's worth and what he makes annually.

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Subramaniam isn'tstranger to FedEx. Prior to being named CEO, he served as the company's president and COO. He has been with the company for nearly three decades. Here’s what to know about FedEx's new CEO, including his estimated net worth, salary, and success story.

Raj Subramaniam

President and CEO-elect of FedEx

Net worth: $13.5 million

Raj Subramaniam has held many prominent roles in marketing and management but FedEx CEO is among the highest. Subramaniam has worked at FedEx since 1991 and assumed the role of CEO in June 2022.

Birthplace: Trivandrum, Kerala, India

Birthdate: Sept. 14, 1967

Education: Indian Institute of Technology (1987), Syracuse University (1989), The University of Texas at Austin (1991)

Place of residence: Memphis, Tenn.

Spouse: Uma Subramaniam

Kids: 1

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What is Raj Subramaniam's net worth as CEO of FedEx?

Raj Subramaniam
Source: Twitter (@FedEx);LinkedIn (Raj Subramaniam)

According to Subramaniam’s LinkedIn bio, he started at FedEx Express in 1996. At the time, he was vice president of marketing for the company’s Asia Pacific arm in Hong Kong. Over the years, he moved to various regions and new roles.

By January 2019, Subramaniam was head of FedEx Express. He transitioned to the president and COO of FedEx Corporation at large just a few months later. About three years after that transition took place, Subramaniam took on a title only few know the feeling of attaining — CEO.

Since taking the helm of FedEx as its second-ever CEO, Subramaniam's net worth has climbed to $13.5 million, according to Wallmine. As of September 2022, it was estimated that Subramaniam owned over 1,373 units of FedEx Corp stock worth over $6.8 million at the time.

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How did Raj Subramaniam become the FedEx CEO-elect?

Subramaniam has a master’s degree in chemical engineering from Syracuse University but he decided to transition to business. He finished his MBA in marketing and finance from The University of Texas at Austin in 1991, just five years before beginning his FedEx journey.

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Born and raised in Trivandrum, India, Subramaniam now calls Memphis, Tenn. home. Since Subramaniam is keen on privacy, there aren't many details on his personal life. However, the FedEx CEO is reportedly married to Uma Subramaniam, who is an IIM Ahmedabad almuni, reports The Times of India.

It's also believed the couple share a son.

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Why did Fred Smith step down as FedEx CEO?

According to a FedEx press release, Smith's decision to step down was a natural move and one that would allow Subramaniam to move up. Subramaniam is 55 years old, while Smith is 78. Smith had been in charge for more than 50 years and was ready to pass the torch.

“As we look toward what’s next, I have a great sense of satisfaction that a leader of the caliber of Raj Subramaniam will take FedEx into a very successful future,” Smith said. He will stay involved as the FedEx board’s executive chairman.

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How much did Fred Smith make compared to Raj Subramaniam?

In fiscal 2021, Smith’s total compensation amounted to over $14.23 million, according to shareholder advocacy group As You Sow. This includes an $8.8 million options award, a $3.4 million cash bonus, and around $2 million in base salary.

Because Smith is the founder of FedEx, his compensation might outpace his successor’s. Still, Subramaniam will likely make more than what he did in 2021, which amounted to nearly $8 million in total compensation.

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