Name
Manuel Moroun
Manuel Moroun
Grosse Pointe Shores, Michigan
Bachelor of Arts/Science, University of Notre Dame
United States
7
transportation, Self Made
$1,800,000,000
1281
#1281 Billionaires 2019
#342 Forbes 400 2015
Manuel (Matty) Moroun owns Detroit's Ambassador Bridge, the largest border crossing between the U.S. and Canada.He is CEO of holding company CenTra and other family-held transportation and logistics companies.Moroun plans to invest $1 billion on a new span and is opposing U.S. and Canadian plans for a competing publicly-owned bridge. His son Matthew joined the business in 1995.
In 1979, Moroun used his small trucking company's credit line to buy out Warren Buffett's 25% stake in the Ambassador Bridge for $30 million. He wanted to be a doctor but after graduating from Notre Dame in 1949, he went to work at his father's gas station in Detroit.
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