LeaderPortfolio

Billionaire Profile

Global Rank

#1012

Image: Public domain | via Wikimedia Commons

Mark Shoen

CEO, U-Haul

Real-Time Net Worth

$3.9B

As of December 2025

Age

Source

U-Haul

Industry

automotive

Citizenship

Biography

Mark Shoen is an American businessman best known for his role as Vice-President of U-Haul, the moving equipment, and storage rental company founded by his father. He is the largest shareholder in Amerco, the parent company of U-Haul. Mark's net worth is estimated at $3.9 billion. His career has been marked by navigating the complexities of the family business and a significant role in the automotive industry. He has also been recognized for his contributions to the moving and storage industry.

Wealth Over Time

Portfolio Holdings

Amerco

In-Depth Profile

Early Life

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

Rise to Success

Mark Shoen's career is marked by his significant ownership in Amerco, the parent company of U-Haul, and his position as Vice-President of the company. He is the largest shareholder of Amerco. Mark played a crucial role in the family business, particularly during a period of conflict within the Shoen family regarding the direction of the company.

Key Business Strategies

Mark's strategy included acquiring self-storage facilities and expanding U-Haul's presence in the moving and storage industry. His business acumen helped contribute to U-Haul becoming one of the largest moving and storage companies in North America.

Philanthropy

Mark Shoen is known to be a philanthropist.

Career Milestones

1990

President of U-Haul

Served as President of U-Haul for 16 years.

1993

Began Acquiring Storage Facilities

Began buying storage facilities from Amerco.

Philanthropy & Social Impact

Various

Various Charities

$XM

Donated millions of dollars to various charities.

Controversies & Challenges

1990

Family Feud

Involved in a long-running family dispute over the control of U-Haul.