Forrest Preston

Forrest Preston
Born Forrest Lee Preston
Massachusetts
Residence Cleveland, Tennessee, US
Nationality American
Alma mater Walla Walla College
Oregon State University
Net worth US$2.1 billion (September 2015)[1]
Spouse(s) Kathleen

Forrest Lee Preston is an American billionaire businessman. He is the founder, owner, Chairman and Chief Executive Officer of Life Care Centers of America, a long-term elderly care company he founded in 1970.

Early life

Forrest Preston was born and grew up in Massachusetts, the son of a Seventh Day Adventist pastor father,[2] Benjamin M. Preston and his wife Ethel Preston.[3] His father died in 1994, and Preston endowed the Benjamin M. Preston scholarship at Atlantic Union College, of which his father was an alumnus.[4]

He was educated at Walla Walla College and Oregon State University.[1]

Career

Together with his brother Winton Russell Preston (who had already founded Preston Printing in Cleveland in 1955), he co-founded a company called Hospital Publications to create patient booklets and public relations materials for hospitals, and the company operated until 1972.[3]

In 1970, Preston founded Life Care Centers of America, and is the sole owner, chairman and CEO.[5]

As of September 2015, he had a net worth of US$2.1 billion.[1]

Personal life

He is married to Kathleen Preston[6] and lives in Cleveland, Tennessee.[1]

References

  1. 1 2 3 4 "Forrest Preston". Forbes. Retrieved 13 September 2015.
  2. ↑ Green, Alex (27 April 2015). "How Forrest Preston built Life Care Centers into the biggest privately held company in the industry". timesfreepress. Retrieved 13 September 2015.
  3. 1 2 "Preston, Winton Russell". chattanoogan. Retrieved 13 September 2015.
  4. ↑ http://docs.adventistarchives.org/docs/ALUG/ALUG19951201-V94-12__C.pdf
  5. ↑ "Executive Profile Forrest L. Preston". bloomberg. Retrieved 13 September 2015.
  6. ↑ http://www.hendersonvillelightning.com/news/4133-business-briefs-lake-pointe-exec-ecusta-trail-endorsed-bar-president.html
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