How did he make his money?
Mr. DeJoy, 63, grew up in New York City. His father was a truck driver, and both his parents had 8th grade educations, he told
The Triad Business Journal in 2016.
After graduating from Stetson University with a business degree, Mr. DeJoy planned to pursue a career as a certified public accountant, but instead took over his father’s failing trucking business on Long Island.
Beginning in the 1980s, Mr. DeJoy built the company, which started with just ten employees, into New Breed Logistics, a national logistics and supply-chain services provider based in North Carolina that had contracts with Boeing, Verizon and the Postal Service, among others. By 2014, it had nearly 7,000 employees.
He sold the company that year for $615 million to XPO Logistics and founded LDJ Global Strategies, a real estate, investment and consulting company.
Mr. DeJoy and his wife, Aldona Wos, have significant investments in companies that do business with or compete with the Postal Service. According to disclosures filed with the Office of Government Ethics, the couple hold between $30.1 million and $75.3 million in such investments, mostly in XPO Logistics, where Mr. DeJoy was a director until 2018.