FRED Smith, the billionaire founder of revolutionary delivery firm FedEx, has died at the age of 80.
FedEx started up in in 1973 delivering small parcels and documents more quickly than the postal service.
Fred Smith, founder of FedEx, has died at 80[/caption]
Smith leaves behind 10 children[/caption]
Smith oversaw its growth to a behemoth of the industry, relied upon by other companies all over the world.
The business now delivers a staggering 17million parcels every day.
His cause of death is yet to be confirmed.
Politicians and commercial figures have paid tribute to the legendary businessman.
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