Manuel Moroun Net Worth is$1.5 Billion
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Date of Birth: Jun 5, 1927
Country: United States of America
Manuel Moroun net worth: Manuel Moroun's net worth is $1.5 billion dollars which makes him one of the richest people in Michigan. Born in Detroit, Michigan, Manuel Moroun graduated from the University of Notre Dame. Mr. Moroun is the Chief Executive Officer and the Chairman of CenTra, Inc. CenTra controls the Ambassador Bridge, which Mr. Moroun purchased from the former owners, the Bower Family, in the late 70s. The bridge is a busy border crossing between Canada and the United States. In addition to owning the bridge, Manuel Moroun also controls multiple shipping companies, including Central Transport International and Universal Truckload Services, Inc. He is currently involved in a nasty dispute with the State of Michigan, as the state plans to build a public bridge just two miles from his privately owned one. He is fighting to stop the development, as it has the potential to have a large and very negative effect on the profitability of his bridge.
Manuel "Matty" Moroun is an American businessman of Lebanese descent and the owner of CenTra, Inc., the holding company which controls the Ambassador Bridge. The latter is significant as it is the only private ownership of a border crossing between the United States and Canada. He bought the bridge from the Bower Family in 1979. It is now estimated to be worth between 1.5 and 3 billion dollars. CenTra, Inc., is also the controlling body of Central Transport International, an LTL trucking carrier. Moroun also has a controlling stake in Universal Truckload Services Inc., which is in itself a holding company for several over-the-road truck lines (Universal Am-Can Ltd., Mason Dixon Lines, Economy Transport, etc.)
Moroun attended the University of Detroit Jesuit High School, graduating in 1945.[citation needed]
A recent Forbes article listed him as the 321st richest American.
On 25 March 2010, it was announced that Moroun would sue the US and Canadian governments over the Detroit River International Crossing. He sought to block construction of the new bridge as it would compete with his own proposal for a second span of the Ambassador Bridge, which he would also own. Critics suggest that Moroun's opposition is fuelled by the prospect of lost profits from duty-free gasoline sales, which are exempt from about 60 cents per gallon in taxes even though the pump price to consumers is only a few cents lower.
In 2009, the Michigan Department of Transportation (MDOT) sued Moroun and the Detroit International Bridge Company for failing to comply with the terms of a contract to construct ramps connecting the Ambassador Bridge to nearby expressways as part of The Gateway Project. Wayne County Circuit Judge Prentis Edwards ruled in February 2010 that Moroun and the chief deputy of the Detroit International Bridge Co., Dan Stamper, were indeed in violation of the contract and ordered them to become in compliance. On 12 January 2012, Judge Edwards found both Moroun and St

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Manuel Moroun Latest News

Matthew Moroun on Gov. Snyder's second bridge proposal: The public doesn't want it

"We knew we were walking into a pep rally," Moroun, the son of Ambassador Bridge owner Manuel Moroun, told MLive on Wednesday. He attended the conference with his mother, Nora Moroun, another outspoken opponent of the second bridge that Gov. Rick Snyder ...
Posted: June 1, 2011, 1:22 pm

State of Michigan seeking quick dismissal of latest Moroun suit

In its response filed Monday, the state argued that a quick dismissal of Moroun's Court of Claims suit was needed "to prevent Mr. Manuel Moroun from doing what he has done so often in recent years — misusing the legal process to delay the Gordie Howe ...
Posted: January 31, 2017, 7:33 am

A bridge to Michigan's back rooms

3, 2007. Billionaire Manuel Moroun, who bought the 81-year-old Ambassador Bridge from Warren Buffett more than three decades ago, is fighting a plan championed by Michigan Governor Rick Snyder to build a public competitor to the busiest U.S.-Canada border ...
Posted: October 16, 2012, 4:55 pm
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