Early Life
Thomas Milton Duff was born on December 31, 1956, in Columbia, Mississippi. He comes from a family with a strong business background. His father, Ernest Duff, was a successful businessman who founded Southern Tire Mart in 1973. Thomas graduated from Columbia High School in 1974 and earned a bachelor's degree in business administration from the University of Southern Mississippi in 1979.
Rise to Success
Duff's career began with his father's company, Southern Tire Mart. He and his brother James assumed control of the company in 1983. They later purchased the company back in 2003. Over the years, they transformed Southern Tire Mart into the largest truck tire dealer and retread manufacturer in the United States. In 2007, the Duff brothers started Duff Capital Investors. This holding company has grown to include over 20 businesses with total revenue of $6 billion.
Key Business Strategies
The Duff brothers focused on efficiency and innovation to grow Southern Tire Mart. They found ways to speed up the retreading process. They also expanded the company to include more than 20 different businesses. This diversification strategy has contributed to their success.
Philanthropy
Thomas Duff is known for his philanthropic efforts, particularly in Mississippi. He and his brother have made significant contributions to higher education in the state. They have donated millions to the University of Southern Mississippi, the University of Mississippi, and Mississippi State University. In 2020, they pledged $30 million in planned gifts to the University of Southern Mississippi.