The 5th richest person in Connecticut

Luay Rahil

https://img.particlenews.com/image.php?url=3Ztnxi_0f430yV800
Photo Credit: Canva

If you can start five companies from scratch and build each one into a billion or multi-billion dollar enterprise, you will be a billionaire.

Brad Jacobs did just that.

He started five companies, XPO Logistics, United Rentals, United Waste Systems, Hamilton Resources. and Amerex Oil Associates. Three of the above companies are publicly traded.

Brad Jacobs is a college dropout.

His ability to build companies and create wealth made him one of the richest people in the country. Forbes estimates his wealth to be around $3.8 billion, making him the 5th richest person in Connecticut.

Brad Jacobs was born in Providence, Rhode Island, on August 3rd, 1956. He attended Bennington College but dropped out after a few semesters.

Bradley Jacobs is a builder and a dealmaker.

In 1976, he co-founded Amerex Oil Associates and served as its CEO until the firm was sold in 1983.

In 1984, he moved to England and created Hamilton Resources Ltd., an international oil trading company. He grew the company's revenue to over $1 billion by focusing on dealing with large companies and oil-producing companies.

In 1989, Brad Jacobs educated himself on the garbage business and founded United Waste. The company focused on picking up trash and acquiring more than 200 companies in 8 years. In 1997, he sold the company for $1.9 billion to USA Waste Services Inc.

In 1997, Brad Jacobs created United Rentals. He acquired and merged with many smaller companies to build the bread quickly, and within a few years, it became the world's largest equipment rental provider. Then, in 2003, he stepped down to build another company.

In 2011, he bought a small struggling trucking company and transformed it into a great transportation company, XPO. Today, the company ranks in the top tier of the Fortune 500 list of America's largest companies by revenue.

Have you heard about Brad Jacobs before reading this article?

Comments / 6

Published by

Writing on leadership, business, and culture.

Fort Worth, TX
8631 followers

More from Luay Rahil

Comments / 0