What is Forrest Preston's Net Worth?
Forrest Preston is an American businessman and entrepreneur who has a net worth of $2 billion. Forrest Preston is a self-made billionaire who made his money in the health care industry. He is the sole shareholder and Chairman of the Board of Life Care centers of America which is one of America's largest health care management companies. The company owns and operates skilled nursing homes, retirement living communities, and assisted living facilities. In 1970 Preston opened the Garden Terrace Convalescent Center in Cleveland, Tennessee.
In 1976 he launched the Life Care Centers of America management company. The company's estimated annual revenues are about $3 billion. Preston is also involved with television conglomerate Luken Communications . Preston sold 13 home health agencies to LHC Group for $10 million in cash. In 2014 he was listed as the 364th wealthiest person in the United States.
