Manuel Moroun Net Worth

Manuel Moroun, born in 1927 in Grosse Pointe Shores, Michigan, is the reclusive trucking magnate behind the family's legal battle to prevent the replacement of their 88-year-old Ambassador Bridge with a new $700 million bridge between Detroit and Windsor, Ontario. His son Matthew is the public face of the fight, as the bridge stands to lose up to 75 percent of its traffic when the Canadian-funded bridge is built. The Morouns' trucking empire is also facing increased competition, making the bridge's future uncertain.
Manuel Moroun is a member of Logistics

Age, Biography and Wiki

Birth Day June 05, 1927
Birth Place Grosse Pointe Shores, Michigan, United States
Birth Sign Cancer
Residence Grosse Pointe Shores, Michigan
Other names Matty Moroun
Alma mater University of Notre Dame
Occupation Chairman and CEO of CenTra Inc.
Known for Owner of the Ambassador Bridge and Michigan Central Station
Spouse(s) Nora
Children Matthew Moroun

💰 Net worth: $1.5 Billion (2024)

Manuel Moroun, popularly known as the logistics maven in the United States, is predicted to have a net worth of $1.5 billion by 2024. As a prominent figure in the logistics industry, Moroun has played a significant role in shaping the transportation landscape in America. His immense wealth can be attributed to his extensive business ventures, including ownership of the privately-held transportation company Detroit International Bridge Company, which manages the famous Ambassador Bridge connecting Detroit, Michigan, and Windsor, Ontario. Throughout his career, Moroun has demonstrated his expertise in effectively managing logistics operations, solidifying his reputation as a leading figure in the field.

2009 $1.3 Billion
2010 $1.6 Billion
2011 $1.5 Billion
2012 $1.5 Billion
2013 $1.5 Billion
2014 $1.7 Billion
2015 $2 Billion
2016 $1.8 Billion
2017 $1.5 Billion
2018 $1.62 Billion

Some Manuel Moroun images



Manuel Moroun was born in Detroit, of Lebanese descent. He grew up on Detroit's east side with three sisters. His Father ran two gas stations in Detroit, where Matty worked before and during high school. Moroun attended the University of Detroit Jesuit High School, graduating in 1945.


In 1946, his Father bought Central Cartage Company, which would later become Central Transport, and Moroun started working with him. During college, Matty regularly commuted between the University of Notre Dame in South Bend, Indiana, and Detroit to help run the family Business. He graduated in 1949 with a bachelor's degree in chemistry.


Moroun bought the Ambassador Bridge in 1979 when shares came on the market. It was originally privately built by railroad interests.


The bridge is now estimated to be worth between $1.5 and 3 billion. CenTra, Inc., is also the controlling body of Central Transport International, an LTL trucking carrier. Moroun also has a controlling stake in Universal Truckload Services Inc., which is a holding company for several over-the-road truck lines and Logistics companies (Universal Am-Can Ltd., Mason Dixon Lines, Economy Transport, Cavalry Logistics, Louisiana Transportation, Inc. etc.) Moroun is also the owner of the derelict Michigan Central Station for railroad Passenger traffic and the Roosevelt Warehouse. A 2008 Forbes article listed him as the 321st richest American.


The US and Canadian governments have agreed to build the Gordie Howe International Bridge, a bridge between Detroit and Windsor to be located downriver. On 25 March 2010, Moroun announced a suit to try to block construction of the new bridge, as it would compete with his own proposal to build a second span of the Ambassador Bridge, which he would own. Critics suggest that Moroun's opposition is fueled by the prospect of lost profits from duty-free gasoline sales at the bridge.


In 2009, the Michigan Department of Transportation (MDOT) sued Moroun and the Detroit International Bridge Company for failing to comply with the terms of a contract to construct ramps connecting the Ambassador Bridge to nearby expressways as part of the Gateway Project. Wayne County Circuit Judge Prentis Edwards ruled in February 2010 that Moroun and the chief deputy of the Detroit International Bridge Co., Dan Stamper, were in violation of the contract and ordered them to become in compliance. On 12 January 2012, Judge Edwards found both Moroun and Stamper to be in non-compliance with his previous order and ordered both men to jail, denying a motion to stay the order until it could be appealed to the Michigan Court of Appeals. After spending a night in jail, both men were released by the appellate court while they heard the case.