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Mark Shoen

Mark Shoen

M. Shoen
0.05% | + $2.00M
$3.9 B ₹ 35,478 Cr
Real Time Net Worth #1090 Ranking as of 21 Feb 2026 By Forbes

More on Mark Shoen

Gender

Male

Age

75Y

Country

United States

Born On

January, 1951

Deceased

No

Relationship Status

Unknown

Children

1

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Amerco

Titles

Largest Shareholder

Sources of Wealth

U-Haul

Industry

Transportation, Logistics, Real Estate, Retail

About Mark Shoen


M ark Shoen is an American billionaire and a major shareholder in Amerco, the parent company of the ubiquitous do-it-yourself moving and self-storage giant, U-Haul. He is the son of U-Haul's late founders, Leonard Samuel "Sam" Shoen and Anna Mary Carty Shoen, who established the company in 1945. The Shoen family's story is one of both incredible business success and intense internal conflict, marked by bitter lawsuits and disputes over control of the company.

Mark, along with his brother Joe Shoen, who serves as the company's chairman and president, was part of the faction that successfully wrested control of Amerco from their father in the 1980s. While his brother Joe actively runs the business, Mark has served as the president of U-Haul International and is the company's largest individual shareholder. His immense wealth is derived from his substantial ownership stake in the publicly traded company, which has become a dominant force in the self-moving and self-storage industries across North America.

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Quick Reads


  • Largest individual shareholder of Amerco, the parent company of U-Haul.
  • He is the son of U-Haul's founders, L.S. "Sam" Shoen and Anna Mary Carty Shoen.
  • His brother, Joe Shoen, is the chairman and president of Amerco.
  • The Shoen family has a long history of internal feuds over control of the company.
  • He previously served as president of U-Haul International.

Early Life and Background


Mark J. Shoen is an American businessman, the billionaire Co-owner and Executive of AMERCO (NASDAQ: UHAL), the parent company of U-Haul International, the dominant self-moving and self-storage company in the U.S. His wealth is generational, tied to the empire founded by his parents, L.S. 'Sam' Shoen and Anna Mary Shoen, in 1945.

Shoen graduated from Cornell University. His career is defined by generational stewardship and executive leadership in the logistics and real estate sectors. His structural role is tied to managing the family's assets, focusing on operational efficiency and long-term hold of the massive fleet and real estate portfolio.

  • U-Haul International (Co-owner & Executive): The core publicly traded asset, the dominant self-moving and self-storage company in the U.S. (operating over 22,000 locations).
  • Real Estate Focus: The company is one of the largest owners of self-storage real estate in the U.S.
  • Family Governance: He and his siblings control the company, which has been marked by decades of bitter, high-profile family feuds and lawsuits over ownership and control.
  • Investment Strategy: His philosophy is rooted in long-term asset hold and maximizing returns from scale logistics and real estate appreciation (the U-Haul business model).

Career Journey of Mark Shoen


Mark Shoen's strategic leadership involves managing the massive U-Haul empire. His structural contribution is tied to the successful generational transition and management of the company's vast real estate and vehicle fleet (over 300,000 trucks and trailers). His career is significantly marked by the decades of legal battles among his large family over the control and ownership of the private and public entities.

He served as a Senior Executive within the AMERCO holding company. His wealth is secured by the colossal, long-term, stable profitability of the U.S. logistics and self-storage real estate sector.

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Mark Shoen's Timeline


1980s (approx.):

Graduates from Cornell University (Academic Achievement).

1990s:

Becomes deeply involved in the AMERCO executive structure (Executive Ascent).

2011:

His brother, Joe Shoen, assumes the role of Chairman and CEO (Executive Leadership).

Ongoing:

Continues as a Co-owner and Executive, navigating the ongoing family feuds and legal battles (Executive Oversight).

Major Business Ventures and Investments


Mark Shoen's wealth is concentrated in his family's controlling stake and executive leadership of the publicly traded logistics giant, AMERCO (NASDAQ: UHAL).

  • U-Haul International (Co-owner & Executive): The core publicly traded asset, the dominant self-moving and self-storage company in the U.S. (operating over 22,000 locations).
  • Real Estate Focus: The company is one of the largest owners of self-storage real estate in the U.S.
  • Family Governance: He and his siblings control the company, which has been marked by decades of bitter, high-profile family feuds and lawsuits over ownership and control.
  • Investment Strategy: His philosophy is rooted in long-term asset hold and maximizing returns from scale logistics and real estate appreciation (the U-Haul business model).

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Philanthropy and Social Impact


Mark Shoen's social impact is structural, stemming from U-Haul's role in providing essential logistics and moving services to millions of Americans. The company is a massive employer and foundational provider of transport and storage infrastructure. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful generational transition and stable private control of a critical national logistics and real estate asset.

Fashion, Style, and Lifestyle


Mark Shoen maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global logistics and real estate sector.

Residing in Phoenix, Arizona, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to logistics management, investment strategy, and corporate governance.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is a Co-owner and Executive of AMERCO (U-Haul International).
  • The company is the dominant self-moving and self-storage company in the U.S.
  • His family's history is marked by decades of bitter, high-profile family feuds and lawsuits over control.
  • U-Haul operates over 300,000 trucks and trailers.
  • He holds a degree from Cornell University.
  • His wealth is tied to the long-term, massive appreciation of self-storage real estate.
  • His philosophy emphasizes long-term asset hold and operational efficiency.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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