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Mark V. Shoen, born in 1951 in Phoenix, Arizona, is an American billionaire businessman and vice-president of U-Haul, the leading moving equipment and storage rental company founded by his parents. As the largest shareholder in U-Haul’s parent company, Amerco, Shoen has played a pivotal role in the company’s expansion and success.

  • Full Name: Mark V. Shoen
  • Date of Birth: 1951
  • Place of Birth: Phoenix, Arizona, U.S.
  • Nationality: American
  • Education: College of the Holy Cross (BA)
  • Occupation: Businessman
  • Title: Vice-President, U-Haul
  • Parents: Leonard Shoen, Anna Carty
  • Siblings: Joe Shoen (brother)
  • Spouse: Married
  • Children: 1
  • Net Worth: $5.2 billion (as of November 26, 2024)

Net Worth and Lifestyle

As of November 26, 2024, Mark Shoen’s net worth is estimated at $5.2 billion, reflecting a $37 million increase from the previous valuation.

His business ventures extend beyond U-Haul. Through Mercury Partners, Mark owns facilities under the U-Haul and Private Mini Storage brands, making him a significant player in the self-storage industry.

Future Plans and Impact on Culture

As of now, there are no public records detailing Mark Shoen’s future business plans or ventures. However, his influence on the moving and storage industry is undeniable. U-Haul’s ubiquitous presence has become a cultural touchstone, symbolizing mobility and the pursuit of new opportunities.

This pivotal moment reshaped the company’s leadership and set the stage for its future growth.

Mark’s financial success has afforded him a comfortable lifestyle, including ownership of notable assets such as properties in Phoenix. Despite his wealth, he is known for maintaining a low profile and focusing on his business ventures.

Early Life and Family Background

Mark Shoen was born into a family of entrepreneurs; his parents, Leonard Shoen and Anna Mary Carty, co-founded U-Haul in 1945. Growing up in Phoenix, Arizona, Mark was immersed in the family business from an early age, witnessing firsthand the challenges and triumphs of building a nationwide company. This environment instilled in him a strong work ethic and a deep understanding of the moving and storage industry.

Notable Works and Achievements

Under the leadership of the Shoen brothers, U-Haul expanded its services and solidified its position as North America’s largest moving and storage company. Mark’s strategic vision contributed to the company’s extensive network of over 23,000 locations across the United States and Canada.

Charitable Work and Legacy

While specific details of Mark Shoen’s philanthropic activities are not publicly documented, his contributions to the growth and success of U-Haul have had a lasting impact on the moving and storage industry. The company’s widespread presence has facilitated countless relocations, making moving more accessible for millions of people across North America.

In the mid-1980s, Mark played a significant role during a tumultuous period in the company’s history. He sided with his brother, Joe Shoen, in a family dispute that resulted in Joe taking control of U-Haul from their father, Leonard Shoen.

Career Beginnings and Key Milestones

After completing his education, Mark joined U-Haul, contributing to various aspects of the company’s operations. His dedication and business acumen led him to become the largest shareholder in Amerco, U-Haul’s parent company, owning approximately one-fifth of the publicly traded entity.

He pursued higher education at the College of the Holy Cross, where he earned a Bachelor of Arts degree. His academic background provided a solid foundation for his future endeavors in the family business.

His wealth primarily stems from his substantial holdings in Amerco and his extensive real estate investments in the self-storage sector.

Personal Life and Relationships

Mark Shoen maintains a relatively private personal life. He is married and has one child. The family resides in Phoenix, Arizona, where Mark continues to oversee his business interests.

Mark Shoen’s journey from a family business to becoming a billionaire businessman exemplifies the impact of strategic vision and leadership in the corporate world. His story serves as an inspiration to aspiring entrepreneurs and business leaders alike.

Disclaimer: Mark Shoen Bio: Family, Career, wealth data updated April 2026.