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Billionaire Profile
Mark Shoen
Global Rank
#1117

Image: Uemura Shōen | Public domain | via Wikimedia Commons

Mark Shoen

CEO, U-Haul
UNITED STATES
Real-Time Net Worth
$3.812B
Estimated based on U-Haul stock value as of March 6, 2026
-1.43% (24h)
Age
75
Source
U-Haul
Industry
automotive
Citizenship
UNITED STATES

Biography

Mark V. Shoen (born in 1951) is an American billionaire businessman, celebrated as the Vice-President of U-Haul, a leading moving equipment and storage rental company. He earned his fortune as the largest shareholder of Amerco, the parent company of U-Haul, which was founded by his parents in 1945. Shoen's career has spanned decades, marked by his significant role in the expansion and modernization of U-Haul. He has also been recognized for his philanthropic efforts and contributions to various charities.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Mark V. Shoen was born in Phoenix, Arizona, in 1951, to Leonard Shoen and Anna Carty, the founders of U-Haul. He attended the College of the Holy Cross.

Rise to Success

Shoen's prominence stems from his position as the largest shareholder in AMERCO, the parent company of U-Haul. He is also the Vice-President of U-Haul. He played a pivotal role in the company's success, including efforts to modernize the vehicle fleet. He served as U-Haul's president from 1990 to 2007. Shoen also owns one of the largest private self-storage operations in the U.S.

Key Business Strategies

Shoen's business acumen helped expand U-Haul and its subsidiary storage facilities. His strategies included acquiring and managing self-storage facilities.

Philanthropy

Mark Shoen has supported various charities throughout his career. He is also a supporter of the arts and education.

Career Milestones

1945

U-Haul Founded

U-Haul was founded by Mark Shoen's parents.

1990

President of U-Haul

Served as President of U-Haul for 16 years

2012

Retired as full-time employee

Retired from full-time involvement in U-Haul.

Philanthropy & Social Impact

General

Various Charities

Undisclosed

Donated to various charities.

Controversies & Challenges

1986

Family Dispute

Mark, along with Joe and James, took control of U-Haul from their father, which led to lawsuits and infighting among the siblings.

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