His business expanded into a multi-city wholesale surgical supply operation which he sold to the A.S. Aloe Division of the Brunswick Corporation in 1961. His most important involvement came in the late 1960s with the founding and development of HCA. Chairman of Ingram Industries, which includes Ingram Book, Ingram Barge, Ingram Marine and Ingram Insurance (Permanent General non-standard auto insurer). Both of Frists brothers, U.S. Sen. Bill Frist and Robert Frist Sr., are physicians. But fortunes are changingeven the large onesand given the extent to which these fortunes shape the lives of those of us unlikely to ever be on such a list, they merit close scrutiny. Jack Carroll Massey (June 15, 1904 February 15, 1990) was an American venture capitalist and entrepreneur who owned Kentucky Fried Chicken, co-founded the Hospital Corporation of America, and owned one of the largest franchisees of Wendy's. Spearheaded the fundraising effortand primed the money pump with $20 million himselffor the new facility at Vanderbilt Childrens Hospital, which bears his name. For people like Inman, much of whose wealth is tied up in publicly traded stocks and real estate, its not too difficult to gain a reasonable approximation of net worth using publicly available documents. Massey stayed active in business and philanthropy until his death in 1990 donating a large sum of money in 1986 to found the Jack C. Massey School of Business at Belmont University, selling . Jack Carroll Massey (June 15, 1904 - February 15, 1990) was an American venture capitalist and entrepreneur who owned Kentucky Fried Chicken, co-founded the Hospital Corporation of America, and owned one of the largest franchisees of Wendy's. He was the first American businessman to take three different companies public. Developed Williamson County Shopping Center. This document may not be reprinted without the express written permission of Chattanooga Times Free Press, Inc. Material from the Associated Press is Copyright 2023, Associated Press and may not be published, broadcast, rewritten, or redistributed. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Jack C Massey is a famous person who is known worldwide for his work. In addition, Massey gifts have endowed Belmonts Chair in Entrepreneurship, leading that program to beamong the best in the nation, as well as the Massey Center for Financial Information, the first financial training lab in Tennessee when it opened in 2005. [3], Massey began his business career working as a delivery boy in his uncle's drugstore. He does, however, have an estimated net worth of $900,000. Sold it back to them in 1998, reportedly clearing $25 million. Previously was president of HealthTrust, an executive vice president with Hospital Corporation of America and a director of General Care Corp. Daughter Trisha and husband Chuck Elcan are putting up part of the $40 million needed for planned Ensworth high school. [1], Massey was an initial investor in the Corrections Corporation of America in the 1980s. The donation which secures the naming rights to a to-be-constructed building designed to foster explorations of data . Belmont has laid this sure foundation. [3], Massey was a member of the Belle Meade Country Club in Belle Meade, Tennessee; the Everglades Club and the Bath and Tennis Club in Palm Beach, Florida; the Bathing Corporation and the Meadow Club in Southampton, New York; and the Links Club in New York City. [1], Massey transformed Winners Corporation, one of the largest franchisees of Wendy's hamburger outlets into a major fast-food franchise operation. Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. The six-story building will serve multiple functions with the first and second floors designed to welcome campus visitors, prospective students and families while also providing space for the Universitys Career & Professional Development team and GPS office. The Jack C Massey Foundation is a private foundation that is located in Brentwood, TN. Co-founded Hospital Corporation of America with his late father and Jack Massey, who earlier made a fortune with Kentucky Fried Chicken. He was head of the Winners Corporation when it secured a place on the Exchange in 1984, having previously served as chairman when Kentucky Fried Chicken Corporation and Hospital Corporation of America (HCA) were listed in 1969 and 1970, respectively. Search Celebrity Come Away Plantation includes six lakes, farm equipment, automobiles, an 1860s plantation home, cottages, a tennis court, corporate retreat and conference areas. The donation will allow the school to upgrade classrooms, floors, office space and technology. The process of selling the house appears to be very private, which is often the case with homes in that price range. He is 26 years old as of June 2022. [3] He was the owner of "403 feet of oceanfront property directly in front of Mar-a-Lago" in Palm Beach, Florida, which Donald Trump purchased for $2 million. The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont University's biggest benefactors. He was the one who had the vision for this school, and I wanted to support what he was doing.. [1][2][4] With John Y. A foundation honoring HCA Holdings Inc. founder Jack C. Massey donated $6.75 million to Belmont University College of Business Administration to help renovate its building. He and fellow YouTuber NoBoom used to co-own the server play.evopvp.net. [1][4] He built the store into a pharmacy chain, selling it six years later. YouTube content creator named Jack Massey Welsh who is best known for his JackSucksAtLife channel, where he has more than 2.5 million subscribers. Massey was one of four people who founded HCA the other three being Dr. Thomas Frist Sr. (now deceased); Dr. Thomas Frist Jr. (now chairman of the HCA board); and Henry Hooker (who left HCA in 1969, a year after it was founded). [1] Seven years later he sold the company to Heublein for $239 million. Beth Poe, Barbara Massey Rogers daughter and Masseys granddaughter, spoke at the ceremony on behalf of her family. Massey College of Business Dean Dr. Sarah Gardial said, The new Jack C. Massey Center will elevateand celebratethe tremendous influence of Jack Massey as a businessman and as a leader who thought outside the box, conducted himself with the highest character and achieved phenomenal success. School officials expect construction to begin in May and conclude by fall 2016. In addition, Massey made substantial contributions to Montgomery Bell Academy, Vanderbilt University Law School, and Cheekwood. Estimated net worth of $2.4 billion by Forbes magazine in its February 2002 issue, which ranked her the worlds 168th richest person. [3] Additionally, he made contributions to the Nashville and Palm Beach chapters of Planned Parenthood.[3]. Also a big Easter Seals supporter. Owns personal plane. My grandfather loved his family, community, city, nation and Belmont. State-of-the-art collaboration workshops will provide spaces for students, faculty and staff to come together with the goal of using their business skills and expertise to solve complex problems. Chairman and founder of assisted living center company LifeTrust America, which is funded through Clayton Associates. Most of the those on the list were men. Family has substantial real estate holdings in Allen County, Ky., Dollar Generals former headquarters. Massey gifts also established the Doyle Rogers Distinguished Chair of Law. We are having cake in front of his bust to acknowledge his birthday and how much he meant to the school, said Cindy Painter, director of external relations for the school. House appraised at $6.8 million before construction was complete. Massey died in 1990 at his winter home in Palm Beach, Florida. His net worth rose to $79.2 billion in 2015 from $76 billion last year. Vanguards annual revenue run-rate now approaching $1 billion and operating cash flow nearing $100 million. Retired this year after leading major restructuring effort through Medicare billing fraud investigation. The Nashville Health Care Council, a Chamber of Commerce-related organization, today estimates that there are 300 health care companies in Nashville that operated on a multi-state level or larger. And one member of the Top Ten, Gordon Inman, saw his net worth soar on the back of Franklin Financial Corp.s rocketing share price. Belmont University College of Business Administration, Your California Privacy Rights / Privacy Policy. Its style and location make it indisputably one of the most desirable houses in all of Nashville. Thats whats going to happen in this building, and I think Jack would be so proud of that.. [5] His funeral was held at the Immanuel Baptist Church in Belle Meade, and he was buried in the Mount Olivet Cemetery in Nashville. Forbes pegged his worth at roughly $1.5 billion. Now people from all walks of life have started evaluating his merits. His mother and father were not so much rich. The house originally featured 58 bedrooms, 33 bathrooms, 12 fireplaces, and three separate bomb shelters. You dont necessarily hear about them but theres a hell of a lot of them around here, and thats made all the difference in the world.. All Rights Reserved. Stakes in numerous other companies, including HealthStream and Symbion, a surgery center company that has filed IPO plans and in which Martin has a 7.2% ownership interest. He is best known for being a YouTuber. 100th anniversary of the birth of Nashville's most accomplished entrepreneur, Jack C. Massey Graduate School of Business at Belmont University, Shugga Hi owner sues for right to buy property eyed for ER, TriStar Health proposing East Nashville emergency department. While performing as Actor, Jack Massey had a net worth of $1,059,010 in 2019 and $900,158 in 2018. Owns seven of nine buildings on the Franklin town square valued at $5.4 million. These companies operate a total of 2,400 facilities outside of Nashville and employ 310,000 people outside of Nashville and 86,000 inside the city. Barbara Massey Rogers and the Jack C. Massey Foundation jointly announced today a new $15 million gift to Belmont University, matching the largest single gift in University history. Family & Early Life The USA is where Jack C Massey was born. Online Edition 2002 ~ 2021, The University of Tennessee Press, Knoxville, Tennessee. Another home on Sturbridge Drive and three condominiums in Naples, Fla., which he buys and sells as a hobby. Estimated net worth of $2.4 billion by Forbes magazine in its February 2002 issue, which ranked her the world's 168th richest person. The. A Nashville resident for more than fifty years, Massey left a living philanthropic legacy to the city. That put him at the top of the magazine's list of the world's billionaires for the second consecutive year. He was the instigator, she said. Other tech billionaire newcomers were two co-founders of taxi-ordering app Uber and one of its executives. The latter two properties have a combined market value of $5 million. Jack Masseys leadership and support was pivotal to Belmonts growth, transformation and impact. Controls more than 40% of Central Parking shares, worth more than $350 million, including shares held in his childrens trust. For more details, see companion story, Money in the Bank.. Rounding out the top five was Larry Ellison, founder of technology company Oracle Corp., with $54.3 billion. Im not sure there would be a Belmont without Jack Massey, Belmont University President Bob Fisher said Thursday at a reception honoring Massey and the most recent donation. In Nashville, Cal and wife Margaret own several Brentwood properties worth about $9.8 million. Jack Dempsey /AP Show More Show Less 5 of 33. . In 1968, Massey challenged the community to build a business school at Belmont that served Nashville. Dean of Belmonts College of Business Dr. Sarah Gardial said the new building is the quintessential piece of his influence on Belmonts campus. You have permission to edit this article. Oak Hill home worth roughly $2.3 million. Functionality and information are in compliance with guidelines established by the American Association for State and Local History for online state and regional encyclopedias. Before becoming an adult star, Gemma Massey was a dental nurse. Owns the River Circle Farm in Williamson County, so named because the 300-plus-acre property wraps around the Harpeth River. His net worth rose to $79.2 billion in 2015 from $76 billion last year. Company holdings include Danner-Eller Golf Properties, owner of Hermitage Golf Course, Stonebridge Golf Course (Memphis), and a course in Greenville, S.C.; Fifth Quarter Restaurants; several car dealerships, including stakes in Neill-Sandler Toyota, Buick, Pontiac, GMC Truck, Ford, Lincoln, Mercury, and Toyota dealerships in Murfreesboro, Knoxville and Alcoa; and, according to Hoovers Inc., stakes in salmon farms and eucalyptus tree farms in South America. Still controls 17.2 million shares, or 3.5%, of the companys stock worth roughly $865 million. DETAILS BELOW Jack Massey Welsh (born June 24, 1996) is famous for being youtuber. Hospital management entrepreneur whose biggest fortune so far stems from OrNda HealthCorp. Furthermore, Jack Massey Welsh stands tall with a height 5 Feet 7 Inches tall (1.70 m) and his body weight is 65 kg (143 Pounds). Through Inman & Richey Co., built and owns the Bank of America building in Maryland Farms valued at $3.9 million. [1][2] He also supported Vanderbilt University and the Montgomery Bell Academy in Nashville. The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont Universitys biggest benefactors. Cal has sole ownership of about 5.9 million shares, while brother Steve owns 2.3 million shares. Developed and sold Brentwood Place Shopping Center, now valued at $24.6 million. The structure, which will be located between the campus Baskin Center and Johnson Center on 15thAvenue, is estimated to be complete by fall 2023. And that takes timea lot of time if the objective is to provide a well-researched list of the top 50 or 60 local residents. A new glass-enclosed atrium will be added to the building, and more space will be available for faculty and students to work together. Founder of Franklin Financial Corp. Controls more than 4.5 million shares of stock worth $111 million. Converted stock and option stake in company into more than $65 million on its sale to Tenet Healthcare. With the donation from the Jack C. Massey Foundation, Belmonts business college will now be called the Jack C. Massey College of Business. Plans for the building include incorporating technology to help share the Jack C. Massey story to inspire students, guests and future leaders across every potential field of study. [9] His obituary in The Palm Beach Daily News called him "a legend in American business. Jack C. Massey Wiki & Bio HCA is the biggest company in town and medical services is the biggest industry in town and these companies are all over this place. June 15, 2022. Massey was born in 1904 in Tennille, Georgia. Daughter Julie Stadler owns another $46 million of stock outside the trust. Barbara Massey Rogers, Jack C. Massey Foundation Provide $15 Million Gift to Belmont University Tops Out New Jack C. Massey Center. At 73, Curreys investment portfolio is still weighted with American Express stock, though he has donated or sold chunks over the years to support many philanthropic endeavors (Montgomery Bell Academys Currey Gymnasium, Vanderbilts Brownlee O. Currey Jr. Tennis Center, and most recently, the Currey Ingram Academy in Williamson County). In 1982, Forbes estimated his net worth at $100 million. Benefactor of the McWhorter School of Pharmacy at Samford University in Birmingham through a 1996 gift worth more than $10 million. To be one of the richest people on Earth, he had to do all these things in his life. Since then has donated or pledged at least $160 million to. He was also the principal who purchased Kentucky Fried Chicken Corporation from Colonel Sanders and directed its growth to one of the worlds largest commercial marketers of prepared foods before selling the company to Hueblein, Inc. Jack C. Massey was inducted into the Global Business Hall of Fame in 1987, and was a member of the inaugural class of the Tennessee Health Care Hall of Fame. Known throughout his business career for backing people, not propositions, Massey believed that wealth could not be measured fully by making money, but through accomplishments. Reach Jamie McGee at 615-259-8071 and on Twitter @JamieMcGee_. In light of the new facility being built and named in his honor, the previously named Jack C. Massey Business Center, facing Wedgewood Avenue, will be renamed the Barbara Massey Rogers Center. Massey, who died in 1990 after taking three companies to the New York Stock Exchange, is one of the schools top benefactors. An investor/director of San Antonio-based Kinetic Concepts, whose systems prevent and treat complications of immobility resulting from disease, surgery or obesity, and treat chronic wounds. Fortunately for three of our richest and for the local economy, the health care industry continued its strong performance in the midst of listlessness in much of the rest of the economy. Massey, who died in 1990, is the only American to have taken three. The world's youngest billionaire was 24-year-old Evan Spiegel, the CEO and co-founder of mobile messaging company Snapchat, with a net worth of $1.5 billion. Withdrew $140 million of capital from Shoneys in 1988, after building chain to more than 1,300 stores. But there were 197 women, up from 172 a year ago. Jordan had a net worth of $1 billion, the magazine said. The Nashville billionaire, who started HCA with his father and Jack Massey in 1968, is worth an estimated $7.6 billion. Along with wife Agneta, owns three other homes in Manhattan, Southhampton and the Wellington area of West Palm Beach. Built modern behemoth, Central Parking Corp., through aggressive marketing and some strategic acquisitions. [6] The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978. [1][4] Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant fast food franchises) on the New York Stock Exchange. He had topped the list in 2013. In light of the new facility being built and named in his honor,the previously named Jack C. Massey Business Center, facing Wedgewood Avenue, will be renamed the Barbara Massey Rogers Center. He would be very excited about the prospect of this great, new building and the future opportunities it will bring to Belmont, she said. The building will also incorporate technology to help share the Jack C. Massey story to inspire students, guests and future leaders across every potential field of study. Chair of Law $ 3.9 million the Harpeth River Bell Academy in Nashville jack c massey net worth Beach. 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