Forrest Preston
$1.45B
as of 10/04/24
About Forrest Preston
Forrest Preston founded Life Care Centers of America in 1970 and has since made a fortune with facilities that house and care for the elderly.
The private firm operates over 200 nursing homes, assisted living facilities and retirement living communities in 27 states.
Preston is the CEO and sole owner of the company, which is based in Cleveland, Tennessee.
In 2016, the company agreed to pay $145 million to settle a government lawsuit alleging that the firm had over-billed federal healthcare programs.
In February 2020, an LCCA facility in Seattle became the epicenter of Washington's Covid-19 outbreak as nursing homes across the country struggled.
Personal stats
Citizenship
United States of AmericaSource of wealth
Health careResidence
Cleveland, TennesseeMarital status
WidowedBirth date
03/22/33 (age 91)Education
Oregon State University; Walla Walla CollegeSelf-made
self-madeForrest Preston’s fortune is worth
24K
troy ounces of gold
22K
median U.S. household
14K
median U.S. income
0.029%
U.S. credit card volume
0.006%
GDP of the United States
0.004%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
His first facility, formerly called Garden Terrace Convalescent Center, is still open today in Cleveland, Tennessee.
Net worth over time
Real-time ranking
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