BillionaireNet
Duff
James Duff
Rank #982
UNITED STATESDiversifiedTires, diversified

James Duff

Net Worth
$4.106B
0% (24h)
James Duff is an American billionaire businessman, co-founder, and co-owner of Duff Capital Investors. His primary wealth source is tires and diversified business holdings. Born in 1961, James inherited Southern Tire Mart in 1983, transforming it into a major tire dealership chain and later co-founded Duff Capital Investors. His estimated net worth as of 2024 is $4.1 billion. Duff is known for his strong work ethic, commitment to his businesses, and philanthropic activities. He resides in Hattiesburg, Mississippi, with his family.

The Full Dossier

Early Life

James Ernest Duff was born in 1961 in Columbia, Mississippi. He was raised in Columbia and attended Columbia Academy and Utah Valley University. His father, Ernest Duff, was a lawyer and businessman. His mother's name is Bobbie Baggett Duff. James has three siblings: Thomas Duff, Stephen Duff, and Jane Duff Thomley. He is a member of The Church of Jesus Christ of Latter-day Saints.

Rise to Success

James Duff's career took a significant turn in 1983 when he inherited Southern Tire Mart from his father, Ernest. Under his leadership, the company flourished, becoming a successful tire dealership chain. He and his brother Thomas bought Southern Tire Mart back in 2003.

Key Business Strategies

In addition to his role at Southern Tire Mart, James Duff co-founded Duff Capital Investors, a holding company that oversees a diverse portfolio of businesses. Duff Capital Investors has an annual turnover of over $6 billion, comprising over 20 businesses. In 2011 the Duffs became auto dealers when they bought Pine Belt Ford in Purvis, Mississippi. James and Thomas are the only billionaires in Mississippi.

Philanthropy

James Duff is actively involved in philanthropic activities, including a $26 million gift to construct the Jim and Thomas Duff Center for Science and Technology Innovation at the University of Mississippi. He and his brother also made a $1 million gift to Ole Miss in 2017 to create the Ernest R. Duff Flagship Constellation Fund to honor their father.

Career Timeline

2007

Cofounded Duff Capital Investors

James co-founded Duff Capital Investors, a holding company.

2003

Bought Back Southern Tire Mart

James and his brother Thomas bought back Southern Tire Mart.

1983

Inherited Southern Tire Mart

James Duff took over Southern Tire Mart, which his father had founded in 1973.

Philanthropic Impact

Education$26M

Jim and Thomas Duff Center for Science and Technology Innovation

A gift to construct a new STEM facility at the University of Mississippi.

Education$1M

Ernest R. Duff Flagship Constellation Fund

Gift to Ole Miss in 2017 to honor his father, a UM law graduate.

Wealth Trajectory