Shugga Hi owner sues for right to buy property eyed for ER, TriStar Health proposing East Nashville emergency department. In all, Massey took five different companies public during his business career, which included time spent as a partner in Massey Burch Investments. [1], Massey was an initial investor in the Corrections Corporation of America in the 1980s. 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 . His net worth rose to $79.2 billion in 2015 from $76 billion last year. 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. Still controls 17.2 million shares, or 3.5%, of the companys stock worth roughly $865 million. [1][2] He also supported Vanderbilt University and the Montgomery Bell Academy in Nashville. http://tennesseeencyclopedia.net/entries/jack-c-massey/. The latter two properties have a combined market value of $5 million. 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 . 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. Owns seven of nine buildings on the Franklin town square valued at $5.4 million. 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. From a chain of six drugstores, he founded Massey Surgical Supply in 1930. Jack C. Massey, international businessman, was the first person to take three companies to the New York Stock Exchange. 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. On board at Vanderbilt Medical Center and a newly named Fisk University trustee, Cal recently donated $5 million to Martin Methodist College. 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. To be honest, it was a really hard way to walk. To be one of the richest people on Earth, he had to do all these things in his life. My grandfather loved his family, community, city, nation and Belmont. Widow of serial entrepreneur Jack Massey, who died in 1989. Restaurant Properties. However, his most important contribution to Nashville was probably his role in starting HCA. "[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. [1] He was also a donor to the Cheekwood Botanical Garden and Museum of Art and the Tennessee Performing Arts Center in Nashville. On his channel, he uploads videos of himself playing various difficult 'Minecraft levels, accompanied by a running funny commentary. Retired this year after leading major restructuring effort through Medicare billing fraud investigation. Martins 9.2% stake could be worth $75 million to $95 million in an initial public offering, which is likely within the year. Barbara Massey Rogers Acceptance Speech on . 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. [6] The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978. 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 highest-ranking woman was Christy Walton, the widow of John Walton, a son of the founder of Wal-Mart Stores Inc. She has a net worth of $41.7 billion, according to Forbes. HCA is the biggest company in town and medical services is the biggest industry in town and these companies are all over this place. Estimated net worth of $2.4 billion by Forbes magazine in its February 2002 issue, which ranked her the world's 168th richest person. She heads The Massey Foundation here in Nashville and donated funds to Vanderbilt University Law School, whose library is named in her honor. Peggy Hutton of Fridrich & Clark is handling the potential transaction. 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. 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. 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. Thats whats going to happen in this building, and I think Jack would be so proud of that.. He managed the profitable company until 1961, when he sold it to a division of the Brunswick Corporation. We are committed to: relevant, interactive and experiential academic programs. Current net worth is $1,572,900, while in 2021 Jack had a net worth of $1,399,881. [9] His obituary in The Palm Beach Daily News called him "a legend in American business. New facility will house Belmont Data Collaborative, Transformational Innovation Hub, Cone Center for Entrepreneurship and University Welcome Center. Chairman of Ingram Industries, which includes Ingram Book, Ingram Barge, Ingram Marine and Ingram Insurance (Permanent General non-standard auto insurer). Dedicated academic spacein the form of faculty offices and classroomswill be located on floors three and four. [1][4] He built the store into a pharmacy chain, selling it six years later. For more details, see companion story, Money in the Bank.. Trump tumbled to No. Online Edition 2002 ~ 2021, The University of Tennessee Press, Knoxville, Tennessee. 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.. 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. Applied part of OrNda proceeds to launch Vanguard Health Systems in 1997 with backing from Morgan Stanley Capital Partners. He currently resides in England, United Kingdom. Jack Masseys leadership and support was pivotal to Belmonts growth, transformation and impact. [1] He had a daughter, Barbara Massey Rogers and three grandchildren. However, some people have estimated that Jack Massey Welsh's net worth might truly be far higher than that. Also a longtime board member of Thomas Nelson Inc., in which he holds a $2.3 million stake. Massey, who died in 1990, is the only American to have taken three separate companies to the New York Stock Exchange (Hospital Corporation of America, Kentucky Fried Chicken and Winners Corp.). 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. Stock recently traded at $22. Your email address will not be published. Nephew Robert Frist Jr. helms HealthStream, an Internet health care company, where he holds 5.3 million shares worth $7.7 million. Rendering courtesy of Belmont University. 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. Jack Massey Bio/Wiki, Net Worth, Married 2018. Required fields are marked *. Pair serves as co-trustees of Turner Children Trusts 31.6 million shares. Director of Weyerhauser and AmSouth, retiring from Baxter International board in May. Belmont has laid this sure foundation. 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. Mr. Massey stepped up to support Belmont at a critical juncture in the life of this institution more than five decades ago. 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). Along with wife Agneta, owns three other homes in Manhattan, Southhampton and the Wellington area of West Palm Beach. School officials expect construction to begin in May and conclude by fall 2016. Since then has donated or pledged at least $160 million to. Snapchat's other co-founder, 25-year-old Bobby Murphy, had the same net worth as Spiegel. Jack Massey Welsh has an estimated net worth of about $791.31 thousand. 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. At the age of 56, becoming bored with retirement, he went on to secure a place in American business history by helping take three separate companies to the New York Stock Exchange. Also a big Easter Seals supporter. Still later, created Winners Corp. and partnered with Thomas Frist Sr. to develop what is now Loews Vanderbilt Plaza hotel. All rights reserved. Beth Poe, Barbara Massey Rogers daughter and Masseys granddaughter, spoke at the ceremony on behalf of her family. Exercises sole or shared control over roughly 48.5 million shares, or 14.6%, of Dollar General stock valued at about $836 million. The building has been named in . 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. YouTube content creator known for the Minecraft-centric channel Jack Sucks At Life, where he has more than 330,000 subscribers. The mission of the Jack C. Massey College of Business Administration is to be an innovative learning community that educates entrepreneurial, ethical and socially responsible future business leaders for the dynamic global economy. Ingram investment unit managed by son-in-law Richard Patton, overseeing stakes in numerous companies, including 12.3% position in The Krystal Co. of Chattanooga. . Barbara Massey Rogers, Jack C. Massey Foundation Provide $15 Million Gift to Belmont University Tops Out New Jack C. Massey Center. A Nashville resident for more than fifty years, Massey left a living philanthropic legacy to the city. June 15, 2022. Purchased a Pelican Bay condo in Montenero for $1 million; now selling for $1.8 million. 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). [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. Massey, who died in 1990 after taking three companies to the New York Stock Exchange, is one of the schools top benefactors. Assets of son David Ingram, owner of video and music distributor Ingram Entertainment and newly acquired Memphis beer distributor, not included. He is best known for being a YouTuber. Your email address will not be published. KFC sold to Heublein for $285 million in 1971, netting Jack Massey roughly $100 million the same year he and Alyne Queener were married. Its style and location make it indisputably one of the most desirable houses in all of Nashville. [3], Massey began his business career working as a delivery boy in his uncle's drugstore. 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. Converted stock and option stake in company into more than $65 million on its sale to Tenet Healthcare. The process of selling the house appears to be very private, which is often the case with homes in that price range. [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. Save my name, email, and website in this browser for the next time I comment. For more detail on the Frist home, see companion story, The House that Frist Built.. 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 . Before Fame The co-founder of Microsoft Corp. has topped the list for 16 of the last 21 years. That equals more than two-thirds the money collected annually from Tennessee taxpayers. Husband made first money with Massey Surgical Supply and drugstores, using $2 million of proceeds from those businesses to acquire a 60% stake in Kentucky Fried Chicken in early 1960s. In fourth place was Amancio Ortega, the Spanish co-founder of clothing retail chain Zara, with a net worth of $64.5 billion. Her modeling career was . In Nashville, Cal and wife Margaret own several Brentwood properties worth about $9.8 million. As of 2023, Jack Massey Welsh's net worth is $100,000 - $1M. Massey was born in 1904 in Tennille, Georgia. Owns the River Circle Farm in Williamson County, so named because the 300-plus-acre property wraps around the Harpeth River. Owns and leases most real estate Franklin National Bank utilizes. 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. The past year wasnt an especially enriching one for the citys wealthy. 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. 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. 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. 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