Forrest Preston
| Forrest Preston | |
|---|---|
| Born |
Forrest Lee Preston 1932/1933 (age 83–84)[1] Massachusetts, US |
| Residence | Cleveland, Tennessee, US |
| Nationality | American |
| Alma mater |
Walla Walla College Oregon State University |
| Net worth | US$1.38 billion (September 2016)[1] |
| Spouse(s) | Kathleen |
Forrest Lee Preston (born 1932/33) is an American billionaire businessman. He is the founder, owner, chairman and chief executive officer (CEO) 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 2 3 4 5 "Forrest Preston". Forbes. Retrieved 16 September 2016.
- ↑ 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.
- 1 2 "Preston, Winton Russell". chattanoogan. Retrieved 13 September 2015.
- ↑ http://docs.adventistarchives.org/docs/ALUG/ALUG19951201-V94-12__C.pdf
- ↑ "Executive Profile Forrest L. Preston". bloomberg. Retrieved 13 September 2015.
- ↑ "Henderson County News: BUSINESS BRIEFS: Lake Pointe exec, Ecusta Trail endorsed, Bar president - Hendersonville Lightning". hendersonvillelightning.com. Retrieved 10 September 2016.