A native of Charleston, S.C., and graduate of Vassar, was married to the late Bronson Ingram. Friends say house is worth $15 million, including antique furnishings. In fourth place was Amancio Ortega, the Spanish co-founder of clothing retail chain Zara, with a net worth of $64.5 billion. 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. 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. Retired this year after leading major restructuring effort through Medicare billing fraud investigation. 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. Nephew Robert Frist Jr. helms HealthStream, an Internet health care company, where he holds 5.3 million shares worth $7.7 million. Owns and leases most real estate Franklin National Bank utilizes. The legacy that Massey left for this town was with Hospital Corporation of America, James C. (Jimmy) Bradford, formerly of J. C. Bradford & Co. recently said. YouTube content creator named Jack Massey Welsh who is best known for his JackSucksAtLife channel, where he has more than 2.5 million subscribers. [1][4] He built the store into a pharmacy chain, selling it six years later. 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 details, see companion story, Money in the Bank.. 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. 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. Although Jack Massey Welsh's actual net worth is not publicly reported, NetWorthSpot sources online video data to make an estimate of $791.31 thousand. Massey began his career as a pharmacist and created a surgical supply operation that he sold to the A.S. Aloe Division of the Brunswick Corp. in 1961. Jack C. Massey, international businessman, was the first person to take three companies to the New York Stock Exchange. Copyright 2020 - 2023 by FamedBorn.com. Family has substantial real estate holdings in Allen County, Ky., Dollar Generals former headquarters. [1][2] He was the first American businessman to take three different companies public. 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. House appraised at $6.8 million before construction was complete. 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. 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. Shugga Hi owner sues for right to buy property eyed for ER, TriStar Health proposing East Nashville emergency department. 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. He does, however, have an estimated net worth of $900,000. Exercises sole or shared control over roughly 48.5 million shares, or 14.6%, of Dollar General stock valued at about $836 million. [4], Massey was the founder of the Saint Thomas - Midtown Hospital in Nashville. Belmont has laid this sure foundation. He was the one who had the vision for this school, and I wanted to support what he was doing.. Still later, created Winners Corp. and partnered with Thomas Frist Sr. to develop what is now Loews Vanderbilt Plaza hotel. The 2002 Rich List focuses on the 10 wealthiest people in Middle Tennessee. The home sits on a nearly four-acre estate. Sold it back to them in 1998, reportedly clearing $25 million. The Jack C Massey Foundation is a private foundation that is located in Brentwood, TN. The structure, which will be located between the campus Baskin Center and Johnson Center on 15thAvenue, is estimated to be complete by fall 2023. Vanguards annual revenue run-rate now approaching $1 billion and operating cash flow nearing $100 million. That commitment includes helping build a nationally recognized business school, now known as the Jack C. Massey College of Business. Ms. Massey, a Columbia, Tenn. native and former society writer in Nashville, also owns homes in Palm Beach, Fla. and The Hamptons. Chairman of venture capital firm Clayton Associates. This building is going to be the intersection between our campus, our programs, our students and faculty, and the community around us. 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. Two other just-completed condos valued at $6.5 million total. 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. The Massey. [1], Massey transformed Winners Corporation, one of the largest franchisees of Wendy's hamburger outlets into a major fast-food franchise operation. 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. 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. Largest shareholder of Ingram Micro, California-based software distributor, though share price remains stuck near the low end of its $10 to $54 historic price range. Says all his money tied up in Franklin Financial or real estate. He had topped the list in 2013. Developed Williamson County Shopping Center. Applied part of OrNda proceeds to launch Vanguard Health Systems in 1997 with backing from Morgan Stanley Capital Partners. Converted stock and option stake in company into more than $65 million on its sale to Tenet Healthcare. [6] The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978. Founder of Franklin Financial Corp. Controls more than 4.5 million shares of stock worth $111 million. That put him at the top of the magazine's list of the world's billionaires for the second consecutive year. Owns seven of nine buildings on the Franklin town square valued at $5.4 million. [9] His obituary in The Palm Beach Daily News called him "a legend in American business. 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. Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. 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. When was Jack Massey Welsh born? In addition to housing offices for Belmonts entrepreneurship and social entrepreneurship programs, the new Jack C. Massey Center is also expected to include dedicated spaces for theKennedy Center for Business Ethics, theCenter for International Businessand theBeasley Institute for Free Enterprise. Her modeling career was . Also a big Easter Seals supporter. Owns 8.33% stake in Renaissance Hotel and Towers in downtown Nashville. Mr. Massey stepped up to support Belmont at a critical juncture in the life of this institution more than five decades ago. 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. 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. Jack C. Massey Wiki & Bio | Updated March 2, 2015 at 11:50 a.m. Three Tennesseans and three Georgians are among the richest billionaires in the world, according to Forbes magazine. [1][2][4] With John Y. Also a longtime board member of Thomas Nelson Inc., in which he holds a $2.3 million stake. 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. Now, his example will be integral to the vision of Belmont University moving forward. Brown Jr., Massey embarked on a rapid expansion program, growing the business to approximately 3,500 franchises and grossing $700 million in annual revenue. Ms. Massey, a Columbia, Tenn. native and former society writer in Nashville, also owns homes in Palm Beach, Fla. and The Hamptons. 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. Spearheaded the fundraising effortand primed the money pump with $20 million himselffor the new facility at Vanderbilt Childrens Hospital, which bears his name. Owns at least eight cars, minimum value $530,000: a 2000 Ferrari, 2001 Porsche, 2002 Mercedes Sedan, 2003 Mercedes convertible, a 2001 Lexus 470, 2002 and 1992 Ford pickups. Structural Info Filmography Known for movies Runaway Jury 2003 as Henry Wood Solo Flight: The Genius of Charlie Christian 1992 as Himself Reach Jamie McGee at 615-259-8071 and on Twitter @JamieMcGee_. Massey received many kudos during his life, and was in 1987 named a member of the Fortune magazine U. S. Business Hall of Fame. Daughter Trisha and husband Chuck Elcan are putting up part of the $40 million needed for planned Ensworth high school. Family & Early Life The USA is where Jack C Massey was born. Owns a Falcon 20-F, 10-passenger jet. Barbara Massey Rogers Acceptance Speech on . Generated wealth through large stake in Shoneys Inc., a business he entered in 1959 in Madison and expanded into Lees Famous Recipe Chicken, Mike Rose Foods, Captain Ds, Pargos and Shoneys Inns. Rendering courtesy of Belmont University. Lucrative business dealings include the purchase of the Nashville Banner newspaper from Gannett Co. in 1979. Same number of shares were valued at $1.1 billion in April 2001, before accounting irregularities forced company to restate earnings. He and fellow YouTuber NoBoom used to co-own the server play.evopvp.net. 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. Forbes pegged his worth at roughly $1.5 billion. Oak Hill home worth roughly $2.3 million. 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. Alyne Masseys finances managed by Frank Bumstead. Three co-founders of Airbnb, the vacation-home rental website, also made the list. Has a son and two daughters: Christian Brownlee Currey, Stephanie Currey Ingram (married to Ingram heir John Ingram) and Frances Currey Briggs. Jack has amassed a sizable fortune thanks to his numerous YouTube accounts and the thousands of people who follow each of them. Martins 9.2% stake could be worth $75 million to $95 million in an initial public offering, which is likely within the year. School officials expect construction to begin in May and conclude by fall 2016. To be one of the richest people on Earth, he had to do all these things in his life. [5] His funeral was held at the Immanuel Baptist Church in Belle Meade, and he was buried in the Mount Olivet Cemetery in Nashville. In 1982, Forbes estimated his net worth at $100 million. The word of God states the importance of building a foundation on the Lord, with Jesus Christ as the chief cornerstone. Jack C. Massey, arguably the most remarkable businessman in Nashville history, would have been 100 years old today. Owns a 2,882-acre hunting plantation in rural Warrenton, Ga., roughly 90 miles east of Atlanta, thats on the market for $8.5 million. Developed and sold Brentwood Place Shopping Center, now valued at $24.6 million. A native of Sandersville, Georgia, Massey began his career as a pharmacist and retail druggist in Nashville. 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. He was the original president of Nashvilles Baptist Hospital (from 1948 until 1960); founded the venture capital company Massey-Burch Capital Corp. along with his much younger partner Lucius Burch III; and was one of the chief owners of Nashville City Bank, which was taken over by Dominion Bankshares of Roanoke, Va., in 1986. Benefactor of the McWhorter School of Pharmacy at Samford University in Birmingham through a 1996 gift worth more than $10 million. Chairman and founder of assisted living center company LifeTrust America, which is funded through Clayton Associates. [1][4], Massey acquired Kentucky Fried Chicken from its founder, Harland Sanders, for $2 million in 1964. The building has been named in honor of one of the greatest entrepreneurs and businessmen in American history and is being made possible thanks to a $15 million gift from Mr. Masseys daughter, Barbara Massey Rogers, and the Jack C. Massey Foundation. Someone knowledgeable of the Belle Meade real estate market suggested to NashvillePost.com that an asking price of as much as $7.5 million would not be out of the question. Added together, they were worth a combined $7.05 trillion, up from $6.4 trillion last year. While relative fortunes may wax and wane, the core wealth formed by the estates, business empires and dynasties of those on this years list are likely to remain whole. Jack C Massey overall profits are growing every day, and he is also becoming more popular. Although there has been a lot of debate over the years about who was the most important of the four founders, there is no question that Massey was the one with the most business experience when HCA was founded in 1968. Funds from the Massey family also have endowed Belmonts Chair in Entrepreneurship and the Massey Center for Financial Information. 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. Withdrew $140 million of capital from Shoneys in 1988, after building chain to more than 1,300 stores. The Nashville billionaire, who started HCA with his father and Jack Massey in 1968, is worth an estimated $7.6 billion. You have permission to edit this article. Controls more than 40% of Central Parking shares, worth more than $350 million, including shares held in his childrens trust. Forbes said Bill Gates remained the richest person in the world. He is best known for being a YouTuber. Generally though, ferreting out the information to estimate a private citizens net worth isnt an easy task. Transformative innovation spacesincludingthe Belmont Data Collaborative,the Cone Center for Entrepreneurship and other business/design functionsas well as state-of-the-art collaboration workspacesfor students and facultywill occupy the upper two floors,welcoming people to come together with the goal of solving complex problems. [1][3] He then received a pharmacist's license when he was 19 and bought his first drugstore when he was 25. Advertisements. Massey died in 1990 at his winter home in Palm Beach, Florida. Before Fame. 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. 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. KFC sold to Heublein for $285 million in 1971, netting Jack Massey roughly $100 million the same year he and Alyne Queener were married. 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. Purchased a Pelican Bay condo in Montenero for $1 million; now selling for $1.8 million. 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). Jack C. Massey, Net Worth, Biography, Place of Birth, Date of Birth, Age, Family, Facts and More in FamedBorn.com, English singer-songwriter, rapper and actor, Way to Find Birth on Today - Celebrity birthdays. The Massey Business Center, located on Wedgewood Avenue, will undergo a $10 million renovation next year that will expand the buildings size and allow for greater enrollment. Your email address will not be published. [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. Director of Weyerhauser and AmSouth, retiring from Baxter International board in May. Owns personal plane. Our College of Business bears his name because he represents an ideal role model for our students. 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. Also an investor in upscale Naples, Fla., condominium development, where he bought a unit for $1 million in Montenero at Pelican Bay resort. "[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. 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. We are committed to: relevant, interactive and experiential academic programs. From a chain of six drugstores, he founded Massey Surgical Supply in 1930. Massey was born in 1904 in Tennille, Georgia. Jack Dempsey /AP Show More Show Less 5 of 33. . The past year wasnt an especially enriching one for the citys wealthy. Site preparation for the new Jack C. Massey Center facility begins this week with plans for a groundbreaking in early 2022. The Jack C. Massey Foundation, which honors the legacy of one of the country's greatest entrepreneurs and businessmen, announced today a new gift of $6.75 million to Belmont University. She spent a reported $5 million creating the mansion, which would equal roughly $160 million adjusted for 2020 inflation. The new facility, to be named the Jack C. Massey Center, will be located on 15thAvenue and will be home to the Universitys Admissions Welcome Center, the recently launchedBelmont Data Collaborativeand theCone Center for Entrepreneurship, among other entities. Jordan had a net worth of $1 billion, the magazine said. The school seeks to increase the number of business major undergraduates to 1,200. 100th anniversary of the birth of Nashville's most accomplished entrepreneur, Jack C. 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