Self-taught billionaire owner of Ambassador Bridge dies at 93

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Owner of the Ambassador Bridge and self-made American billionaire Manuel Moroun, known as Matty, died Sunday at the age of 93, according to a letter sent to the CBC by WDIV-TV in Detroit.The letter, signed by Moroun’s son, Matthew, was sent to employees of the family’s trucking company and states that Moroun died at home due to congestive heart failure.

“My father loved his family and this extended to his working family,” says the letter. “He invested his heart in his work and for more than seven decades, he spent his time directing and protecting us.”

The letter continues to say that Moroun died at home, surrounded by his family.

CBC News has not confirmed Moroun’s death as a family.

The 93-year-old Ambassador Bridge had belonged to Moroun since 1979. Moroun fought a government-owned bridge under construction over the Detroit River between Ontario and Michigan. (Carlos Osorio / Reuters)

Moroun is best known for his private ownership of the Ambassador Bridge, the busiest border crossing between Canada and the United States, which handles commercial and passenger traffic between Detroit and Windsor, Ontario.

According to Crains Detroit, who also confirmed Moroun’s death, the billionaire had owned the Ambassador Bridge since 1979. His ownership of the bridge led to a dispute between himself and the governments of Canada and Michigan over crossing control . Moroun was also opposed to the development of a competing level crossing, the Gordie Howe International Bridge, which is under construction downstream of the Ambassador Bridge.

He was known as a trucking tycoon and owner of Central Transport – a national trucking network. He previously owned the former Michigan Central Station from 1992 to 2018.

Moroun’s net worth is estimated at $ 1.6 billion according to Forbes and Crain estimates that the turnover of Moroun family companies in 2019 was $ 2.86 billion.

According to Crains, companies managed by Moroun include Universal Logistics Holdings, Inc., PAM Transport and Detroit International Bridge Co., which manages the Ambassador Bridge.

More soon.

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