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By 1973, A Vietnam Vet's Logistics Company Was Down To Its Last $5,000. The Former Marine Took The $5,000 To A Vegas Blackjack Table And Made Enough To Keep The Company Going. Five Decades Later, FedEx Founder Fred Smith Had Built A $5.3 Billion Fortune

Summary by 24/7 Wall St.
When General Dynamics pulled out and the fuel companies came calling, Fred Smith did something his board never would have approved. What he did next with the company's last dollars either saved FedEx or simply bought it one more week to die.

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BizToc broke the news on Sunday, October 18, 2026.
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