Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Patriarch of the Frist family. All Rights Reserved. Pair serves as co-trustees of Turner Children Trusts 31.6 million shares. His generous contributions are most visible in the form of the Jack C. Massey Business Center on the Belmont University Campus, but he also played a role in Nashvilles cultural life as the first chairman of the Tennessee Performing Arts Center. Chief executive and owner of conglomerate The Danner Company, based on International Plaza near Nashville International Airport. Co-founded Hospital Corporation of America with his late father and Jack Massey, who earlier made a fortune with Kentucky Fried Chicken. 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. [1][4] He built the store into a pharmacy chain, selling it six years later. Gemma Massey net worth: Gemma Massey is a retired British adult model who has a net worth of $4 million. You have permission to edit this article. Built modern behemoth, Central Parking Corp., through aggressive marketing and some strategic acquisitions. 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). June 15, 2022. 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. [1] He graduated with a degree in pharmacy from the University of Florida. The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont University's biggest benefactors. Retired this year after leading major restructuring effort through Medicare billing fraud investigation. He currently resides in England, United Kingdom. A lifelong entrepreneur and businessman, savvy investor and devoted philanthropist, Jack C. Massey is an inaugural inductee of the Tennessee Health Care Hall of Fame. 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. The six-story building on 15th Avenue will house a variety of University teamsincluding the Belmont Data Collaborative, the Transformational Innovation Hub and the Cone Center for Entrepreneurshipall highlighting key aspects of Mr. Masseys approach to business. This closer look reveals some things people already know: everyone is still rich. Contact | Privacy Statement | Terms & Conditions. 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. The word of God states the importance of building a foundation on the Lord, with Jesus Christ as the chief cornerstone. Estimated net worth of $2.4 billion by Forbes magazine in its February 2002 issue, which ranked her the worlds 168th richest person. Forbes and business insiders have done a recent study and say that Jack C Massey net worth is more than a couple of million dollars. For more detail on the Frist home, see companion story, The House that Frist Built.. The Massey family prays that all who walk through this building continue to be living stones, pointing others to the grace of Jesus.. Belmont enrolls about 800 undergraduate students with a business major and 250 business graduate students, in addition to 1,200 music business majors who take courses at the business college. Owns personal plane. Also a longtime board member of Thomas Nelson Inc., in which he holds a $2.3 million stake. [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. Still controls 17.2 million shares, or 3.5%, of the companys stock worth roughly $865 million. With this new gift we will be able to extend that impact even further, inspiring every student, employee and visitor to our campus with the entrepreneurial spirit, moral character and innovative leadership Jack demonstrated with exceptional effectiveness throughout his career. Recently moved into new 22,609-square-foot home on 47.5 acres of Alvin Beamans former farm on Hidden River Lane in Franklin, next to Alan Jackson. Belmont University hosted a Topping Out ceremony on June 14 that involved putting the last beam in place on a significant campus construction projectthe Jack C. Massey Center estimated to be complete by fall 2023. When was Jack Massey Welsh born? He was the one who had the vision for this school, and I wanted to support what he was doing.. [3], Massey died of pneumonia on February 15, 1990, at the Good Samaritan Medical Center in West Palm Beach, Florida, at age 85. Nephew Robert Frist Jr. helms HealthStream, an Internet health care company, where he holds 5.3 million shares worth $7.7 million. Previously was president of HealthTrust, an executive vice president with Hospital Corporation of America and a director of General Care Corp. Their combined net worth is, according to Nashville Post estimates, $6.4 billion. Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. 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. Earned $1.6 million in salary and bonus from Dollar General in 2001. Jack Massey is an actor, known for Runaway Jury (2003) and Solo Flight: The Genius of Charlie Christian (1992). Purchased a Pelican Bay condo in Montenero for $1 million; now selling for $1.8 million. Director of Weyerhauser and AmSouth, retiring from Baxter International board in May. Since then has donated or pledged at least $160 million to. 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. Hospital Corporation of America co-founded in 1968 by Jack Massey, who two years later acquired control of Maryland Farm property and launched development of the office park. 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. Generally though, ferreting out the information to estimate a private citizens net worth isnt an easy task. Remaining 4.2 million Shoneys shares traded for $1.5 million in cash this year after chain was acquired by Lone Star U.S. Acquisitions and U.S. 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. Before Fame. Masseys achievements are especially notable when one considers that he was born in virtual poverty in rural Georgia. Chairman of venture capital firm Clayton Associates. In Nashville, Cal and wife Margaret own several Brentwood properties worth about $9.8 million. 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. The past year wasnt an especially enriching one for the citys wealthy. Functionality and information are in compliance with guidelines established by the American Association for State and Local History for online state and regional encyclopedias. Three co-founders of Airbnb, the vacation-home rental website, also made the list. 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. With this donation, the Massey Foundation provides the lead gift in a planned $10 million renovation of Belmont's Massey Business Center as well as secures . 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. Additional properties include a $2.4 million home at Center Hill Lake and a 5,000-square-foot condo in Beaver Creek, Colo., valued at $2.9 million. Jack C. Massey 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. [1] [2] He was the first American businessman to take three different companies public. 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. Come Away Plantation includes six lakes, farm equipment, automobiles, an 1860s plantation home, cottages, a tennis court, corporate retreat and conference areas. Net gain from sale of non-inventory assets: $0-100%: Gross sales of inventory: $0: $0-Miscellaneous revenues: $0: $0-Total revenues: $1,107,784: $1,144,219 . The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont Universitys biggest benefactors. NashvillePost.com has learned that Alyne Queener Massey, widow of the late business icon Jack Massey, has begun the process of selling her house at the intersection of Tyne Boulevard and Belle Meade Boulevard, across the street from the Belle Meade Country Club. A native of Charleston, S.C., and graduate of Vassar, was married to the late Bronson Ingram. Jack Massey net worth is $12 Million Jack Massey Wiki: Salary, Married, Wedding, Spouse, Family Jack Massey is an actor, known for Runaway Jury (2003) and Solo Flight: The Genius of Charlie Christian (1992). The Center will also be home to a new Welcome Center for the University and house its Admissions Team, becoming the Universitys new front door. [5], In 1968, Massey co-founded Hospital Corporation of America with Thomas F. Frist Sr. and Thomas F. Frist Jr.[1] in Nashville, Tennessee. A new glass-enclosed atrium will be added to the building, and more space will be available for faculty and students to work together. In Georgia, the richest people include two media billionaires, Anne Cox Chambers worth $17 billion and Jim Kennedy worth $8.5 billion, and Home Depot Founder Bernard Marcus, worth $3.8 billion. As of 2023, Jack Massey Welsh's net worth is $100,000 - $1M. She was the first woman to serve on the board of Third National Bank and has served numerous local philanthropic causes locally and nationally. Martins 9.2% stake could be worth $75 million to $95 million in an initial public offering, which is likely within the year. Jack C. Massey, arguably the most remarkable businessman in Nashville history, would have been 100 years old today. In second place is Mexican telecommunications mogul Carlos Slim Helu, with a net worth of $77.1 billion. That commitment includes helping build a nationally recognized business school, now known as the Jack C. Massey College of Business. Through Inman & Richey Co., built and owns the Bank of America building in Maryland Farms valued at $3.9 million. On board at Vanderbilt Medical Center and a newly named Fisk University trustee, Cal recently donated $5 million to Martin Methodist College. Online Edition 2002 ~ 2021, The University of Tennessee Press, Knoxville, Tennessee. 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. I am grateful to Barbara, the Massey Foundation and the entire family for their vision and generosity in bringing this new facility to life.. Forbes pegged his worth at roughly $1.5 billion. Jack C. Massey Wiki & Bio Jack C. Massey began his entrepreneurial career as a retail druggist in 1930 after graduating with a degree in pharmacy from the University of Florida. The. He bought Kentucky Fried Chicken Corp., co-founded Hospital Corporation of America and later founded Winners Corp. Barbara Massey Rogers, Masseys daughter, said the donation was made as a way to continue the work her father began at Belmont. His most important involvement came in the late 1960s with the founding and development of HCA. [4], Massey was the founder of the Saint Thomas - Midtown Hospital in Nashville. He also did not get involved in any of the three companies he took to the Big Board until late in life; from 1930 until 1964 he was the owner of a drug store chain and surgical supply business in Nashville. Stepped down from the board in 2000. Well more than $100 million in real estate, and I dont owe anybody anything, he says. Massey received many kudos during his life, and was in 1987 named a member of the Fortune magazine U. S. Business Hall of Fame. However, some people have estimated that Jack Massey Welsh's net worth might truly be far higher than that. His net worth rose to $79.2 billion in 2015 from $76 billion last year. He would be very excited about the prospect of this great, new building and the future opportunities it will bring to Belmont, she said. Two other just-completed condos valued at $6.5 million total. Now, his example will be integral to the vision of Belmont University moving forward. Other tech billionaire newcomers were two co-founders of taxi-ordering app Uber and one of its executives. 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. KFC sold to Heublein for $285 million in 1971, netting Jack Massey roughly $100 million the same year he and Alyne Queener were married. [1][2][4] With John Y. Owns a Falcon 20-F, 10-passenger jet. 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. DETAILS BELOW Jack Massey Welsh (born June 24, 1996) is famous for being youtuber. Bulk of Curreys wealth stems from the sizeable stake in American Express he received with its 1967 acquisition of Equitable Securities, a company co-founded by his father some 40 years earlier. Barbara Massey Rogers and the Jack C. Massey Foundation jointly announced Monday a new $15 million gift to Belmont University, matching the largest single gift in university history. In fact, determining an estimate for each individual is its own investigative reporting assignment. All rights reserved. Jack has amassed a sizable fortune thanks to his numerous YouTube accounts and the thousands of people who follow each of them. Cal has sole ownership of about 5.9 million shares, while brother Steve owns 2.3 million shares. In 2020, Jack was estimated to have a net worth of $1,245,894. Its style and location make it indisputably one of the most desirable houses in all of Nashville. Chairman of the board of Vanderbilt University. It reveals some things people might not fully appreciate: Marthas money is Nashvilles culture. Barbara Massey Rogers Acceptance Speech on . 2023 www.tennessean.com. Rendering courtesy of Belmont University. The house originally featured 58 bedrooms, 33 bathrooms, 12 fireplaces, and three separate bomb shelters. [1], Massey was an initial investor in the Corrections Corporation of America in the 1980s. Reach Jamie McGee at 615-259-8071 and on Twitter @JamieMcGee_. [3] His alma mater, University of Florida, named the Jack C. Massey Professorship Fund for him. The foundation does not have any program activities and made $1,509,033 in annual grants last year. Ingram Micro shares have risen slightly in price in the meantime. 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. March 2, 2015 at 11:49 a.m. While performing as Actor, Jack Massey had a net worth of $1,059,010 in 2019 and $900,158 in 2018. The late Jack C. Massey (1904-1990) and his family have collectively been among one of Belmonts biggest benefactors, supporting Belmonts efforts for decades and providing incredible examples for students across campus. My grandfather loved his family, community, city, nation and Belmont. Widow of serial entrepreneur Jack Massey, who died in 1989. Basketball legend Michael Jordan joined the list for the first time this year, thanks to his ownership in basketball team Charlotte Hornets and payouts form his Nike brand. 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.. Since then has donated or pledged at least $160 million to nonprofits. School officials expect construction to begin in May and conclude by fall 2016. [3] Additionally, he made contributions to the Nashville and Palm Beach chapters of Planned Parenthood.[3]. Family has substantial real estate holdings in Allen County, Ky., Dollar Generals former headquarters. Massey died in 1990 at his winter home in Palm Beach, Florida. [1][2] He was the first American businessman to take three different companies public. Before Fame Your email address will not be published. Jack Massey's granddaughter Beth Poe speaks during the Topping Out ceremony. The writer of this article, Bill Carey, the author of Fortunes, Fiddles and Fried Chicken: A Nashville Business History, currently is working on a biography of Jack Massey that is being underwritten by Massey's daughter, Barbara Massey Rogers. Jack Massey Welsh was born on the 24th of June, 1996. Next is investor Warren Buffett, who moved up one slot this year with a net worth of $72.7 billion. And it provides a rare glimpse of an intensely private foray into homebuilding by Thomas Frist Jr. Required fields are marked *. Same number of shares were valued at $1.1 billion in April 2001, before accounting irregularities forced company to restate earnings. Says all his money tied up in Franklin Financial or real estate. Forbes said Bill Gates remained the richest person in the world. 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. The first person in history to take three unrelated companies to the New York Stock Exchange, Massey's gifts helped Belmont establish its undergraduate and graduate business programs and built both the Massey Business . Jack Masseys leadership and support was pivotal to Belmonts growth, transformation and impact. We are committed to: relevant, interactive and experiential academic programs. Company encompasses more than 1.5 million parking spots worldwide, making it the largest publicly traded owner-operator of parking lots in the world. 248 from 156 on the 2017 list with a net worth of $3.1 billion attributed by Forbes to new information released during . 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. In its annual report of the world's richest persons released today, Forbes said Hospital Corp. of America co-founder Thomas Frist Jr. is the richest person in Tennessee. In fourth place was Amancio Ortega, the Spanish co-founder of clothing retail chain Zara, with a net worth of $64.5 billion. Your email address will not be published. A former IBM board member of 11 years, Frist numbered 293 on Forbes magazines listing of the 400 Richest People in the World in 2002. All rights reserved. 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. Rounding out the top five was Larry Ellison, founder of technology company Oracle Corp., with $54.3 billion. Ms. Massey, a Columbia, Tenn. native and former society writer in Nashville, also owns homes in Palm Beach, Fla. and The Hamptons. The following information is provided for citations. University Marketing and Communications615-460-6650communication@belmont.edu, College of Entertainment and Music Business, College of Liberal Arts and Social Sciences, College of Theology and Christian Ministry, OMore College of Architecture and Design, Interdisciplinary Studies and Global Education. There is no question that HCA was and is Nashvilles most important health care company; dozens of other healthcare companies in Nashville were founded by people who had previously worked at HCA. Massey gifts also established the Doyle Rogers Distinguished Chair of Law. He retired briefly at the age of fifty-six but quickly returned to business and civic endeavors. A trustee of Vanderbilt University and board member of the Urban Land Institute. The first person in history to take three unrelated companies to the New York Stock Exchange, Masseys gifts helped Belmont establish its undergraduate and graduate business programs and built both the Massey Business Center, which houses the Jack C. Massey College of Business, and the Massey Performing Arts Center. On his channel, he uploads videos of himself playing various difficult 'Minecraft levels, accompanied by a running funny commentary. "[3], Last edited on 16 February 2023, at 21:36, Cheekwood Botanical Garden and Museum of Art, Jack C. Massey, an Entrepreneur In Hospitals and Food, Dies at 85, "The HCA effect: How the hospital giant helped Nashville grow with it", https://en.wikipedia.org/w/index.php?title=Jack_C._Massey&oldid=1139781686, This page was last edited on 16 February 2023, at 21:36. Jack Massey Welsh's age is 26. All Rights Reserved. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and noncommercial use. 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