Eddie Stobart Net Worth, Biography, Wiki, Career, Death

Known commonly as Eddie Stobart, Edward Pears Stobart was born on 18 April 1929. He was a Businessman from Britain, who founded an agriculture company in the 40’s and ran it for over 30 years.

Full NameEdward Pears Stobart 
Date of Birth18 April 1929
ProfessionBusinessman
Founder ofEddie Stobart Ltd” (now Eddie Stobart Logistics)
Spouse NameNora Boyd
Kids4
Eddie Stobart Net Worth $1.5 million (Last Updated 2022)

Eddie Stobart Net Worth

Eddie Stobart was a top businessman who appeared on the list of most popular businessmen. Eddie Stobart had an estimated net worth of $1.5 million based on data from Forbes, Wikipedia, and Business Insider.

Eddie Stobart Biography

Early life 

Eddie’s parents were John Stobart and Adelaide Stobart, and he was born in April 1929. During the late 1940s, he established an agricultural business. After becoming Eddie Stobart Ltd in 1970, the business grew into haulage in the 1970s under the guidance of Edward Stobart, his late son, who eventually took over the business. 

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The company was purchased in 2004 by William Stobart and his brother-in-law, Andrew Tinkler. In the end, the company split into two: 

  • The Stobart Group 
  • Eddie Stobart Logistics

Career

The first truck Eddie bought in 1960 was Guy Invincible (a four-wheeler) from a local garage. Having repainted it, he selected the color combination that he liked: Brunswick green and post office red. 

After Harrison Ivinson closed down, he took over the slag collection (a steelworks byproduct used for fertilizer), and bought two Ford Thames Traders, painted in the colors he loved and with his own logo. 

In November 1970, the business was established into a limited company, Eddie Stobart Ltd, valued at ten thousand pounds, after signing a contract with ICI in 1963 to store basic slag.

The company was run by Eddie Stobart until 1976, when his son Edward took over the transportation division. However, Eddie remained involved, and operated the warehouse until 1989, after which he handed control to his sons William and Edward, remaining non-executive chairman until 1992. 

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Eventually, the company controlled around 2,500 trucks, making it one of the nation’s largest privately owned transportation and distribution companies.

Personal life

Stobart and Nora Boyd were married on 26 December 1951. The couple lived in Cumbria, and had four children: 

  • Anne (born 1952) 
  • John (born 1953) 
  • Edward (1954–2011) 
  • William (born 1961)

Eddie Stobart Death

Edward Stobart, the founder and owner of the Eddie Stobart lorry empire, has passed away at 56 years old. He was said to have suffered from heart problems.

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