Web Analytics

The Billionaire Businessman, Manuel “Matty” Moroun, has Died in his Suburban Detroit Home

The billionaire businessman who owned a critical bridge that connects Michigan to Canada, Manuel “Matty” Moroun, has died at the age of 93 in his suburban Detroit home. He, on Sunday, succumbed to congestive heart failure in Grosse Pointe Shores. Matthew, Moroun’s son, broke the news on Monday to the workers of the many Moroun companies.

Matthew Moroun indicated that for over seven decades, he spent his time leading, protecting and loving them and that extended to his work family, where he poured his heart into his work. He said that his father was so proud of the companies that he leaves behind and all the innovation that is yet to come and is a great mentor to many. According to The Detroit News, Moroun attended the University of Detroit Jesuit High School, where he majored in chemistry and biology at the University of Notre Dame.

Sandy Baruah, chief executive of the Detroit Regional Chamber, indicated that Moroun was born of immigrant parents in Detroit. He rose from a young man working at a neighborhood gas station to graduating from the University of Notre Dame and creating a billion-dollar company. According to the Detroit Historical Society, in 1979, Moroun bought the Ambassador Bridge, which connects Detroit to Windsor, Ontario. Moroun rejected the plans by Michigan and Canada to build a publicly owned commuter bridge across the Detroit River.

Moroun is also the owner of Central Transport International, a trucking and logistics company, and Crown Enterprises. According to Forbes, Moroun’s net worth is $1.6 billion. The Moroun family once owned the massive and vacant Michigan Central train station but sold the building in 2018 to Ford Motor Co. Moroun told the Detroit Free Press in 2010 that for him to own land in Detroit, it was a badge of honor, and it was support for the city.

Source: https://www.ctvnews.ca/business/detroit-billionaire-manuel-matty-moroun-who-owned-ambassador-bridge-dies-at-93-1.5022772

About the author

Dani Scott

Dani Scott

Dani Scott is a former freelance writer for different editorials and at the present moment he serves as an independent Reporter for Blog.ca.

Dani's hobby is social media tweeting and understanding of the universe.

He can be reached out at: dani.scott@blog.ca

Add Comment

Click here to post a comment