Mark Shoen Net Worth is
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U-Haul is a moving equipment and storage rental company, based in Phoenix, Arizona, that has been in operation since 1945. The company was founded by Leonard Shoen (L. S. "Sam" Shoen) in Ridgefield, Washington, who began it in the garage owned by his wife's family, and expanded through franchising with gas stations.

U-Haul is owned by AMERCO, a holding company which also operates Amerco Real Estate, Republic Western Insurance, and Oxford Life Insurance. The Shoen family currently owns about 55% of the publicly traded stock corporation. The company rents trucks, trailers, and other pieces of equipment, but many U-Haul centers and dealerships also provide self storage units, LPG (propane) refueling, hitch and trailer wiring installation, and carpet cleaners, among other services.
Because of the company's ubiquity (there are over 16,000 active dealers across the country) the name is sometimes used as a genericized trademark to refer to the services of any rental company. The livery used on rented vehicles is widely recognized, primarily consisting of white and a thick horizontal orange stripe, in addition to a large state- or province-themed picture, known as SuperGraphics.
In 1945, at the age of 29, Leonard Shoen co-founded U-Haul with his wife, Anna Mary Carty, in the town of Ridgefield, Washington. The company was started with an investment of $5,000. He began building rental trailers and splitting the fees for their use with gas station owners who he franchised as agents. He developed one-way rentals and enlisted investors as partners in each trailer as methods of growth.
By 1955, there were more than 10,000 U-Haul trailers on the road and the brand was nationally known. Distracted to some extent by growing his business, Shoen nevertheless took time for multiple marriages and eventually had a total of 12 children, each of whom he made stockholders. Shoen transferred all but 2% of control to his children when two of them, Edward and Mark launched

Mark Shoen Latest News

Heirs of U-Haul founder to sell World Trade Center

Across the country, Leonard Shoen's most visible creation is the silver and bright orange moving truck -- the mark of U-Haul International Inc. But in Las Vegas his most prominent mark can be found at the World Trade Center Hotel on Desert Inn Road.
Posted: October 5, 1999, 5:00 pm

Mark Shoen Net Worth

Mark Shoen Net Worth: Mark Shoen is an American entrepreneur who has a net worth of $4.7 billion. Mark Shoen earned his multi-billion fortune by being the largest shareholder of Amerco, the parent-company of moving and storage company U-Haul. U-Haul was ...
Posted: May 8, 2014, 6:00 am

Meet The Newest Members Of The 2014 Forbes 400

Mark Shoen ($4 billion): Turned around U-Haul amid ugly family ... Founded now publicly-traded biotech firm Puma Biotechnology. Reach Abram Brown at
Posted: September 28, 2014, 5:00 pm
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