June 15, 2022. To be one of the richest people on Earth, he had to do all these things in his life. Its style and location make it indisputably one of the most desirable houses in all of Nashville. Structural Info Filmography Known for movies Runaway Jury 2003 as Henry Wood Solo Flight: The Genius of Charlie Christian 1992 as Himself Site preparation for the new Jack C. Massey Center facility begins this week with plans for a groundbreaking in early 2022. Structural Info. Generally though, ferreting out the information to estimate a private citizens net worth isnt an easy task. Spearheaded the fundraising effortand primed the money pump with $20 million himselffor the new facility at Vanderbilt Childrens Hospital, which bears his name. Before Fame. The 2002 Rich List focuses on the 10 wealthiest people in Middle Tennessee. Shugga Hi owner sues for right to buy property eyed for ER, TriStar Health proposing East Nashville emergency department. [1] He also had an adopted son Don who pre-deceased him. 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. When was Jack Massey Welsh born? 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. [5], In 1968, Massey co-founded Hospital Corporation of America with Thomas F. Frist Sr. and Thomas F. Frist Jr.[1] in Nashville, Tennessee. Funds from the Massey family also have endowed Belmonts Chair in Entrepreneurship and the Massey Center for Financial Information. 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. Restaurant Properties. 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. Jack Massey's Net Worth History: Net worth history details of Jack Massey are here. Jack Massey Welsh was born on the 24th of June, 1996. Ms. Massey, a Columbia, Tenn. native and former society writer in Nashville, also owns homes in Palm Beach, Fla. and The Hamptons. In 1982, Forbes estimated his net worth at $100 million. In fact, it was largely under Masseys influence that Belmont has such a business program; he and several of his family members made donations that made the school possible. Before Fame Widow of serial entrepreneur Jack Massey, who died in 1989. Come Away Plantation includes six lakes, farm equipment, automobiles, an 1860s plantation home, cottages, a tennis court, corporate retreat and conference areas. Through this new building, that legacy will be enhanced even further as his values and entrepreneurial mindset are proactively and intentionally shared as an example to everyone who enters those doors.. From a chain of six drugstores, he founded Massey Surgical Supply in 1930. 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. Led the spinout of HealthTrust Inc. in 1987 and came back as chairman of the merged companies. 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. You have permission to edit this article. 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). For more details, see companion story, Money in the Bank.. [1] He graduated with a degree in pharmacy from the University of Florida. You have permission to edit this article. [7], Massey was a donor to Belmont University, where the Jack C. Massey Graduate School of Business was named in his honor. Copyright 2023, Chattanooga Times Free Press, Inc. Gifts from Mr. Massey and his family over the years have helped Belmont establish its undergraduate and graduate business programs and built both the Massey Business Centerwhich houses the Jack C. Massey College of Businessand the Massey Performing Arts Center. . Current net worth is $1,572,900, while in 2021 Jack had a net worth of $1,399,881. The co-founder of Microsoft Corp. has topped the list for 16 of the last 21 years. Jack Massey's granddaughter Beth Poe speaks during the Topping Out ceremony. Also a big Easter Seals supporter. Earned $1.6 million in salary and bonus from Dollar General in 2001. Nephew Robert Frist Jr. helms HealthStream, an Internet health care company, where he holds 5.3 million shares worth $7.7 million. 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 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. 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. 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. [1] He had a daughter, Barbara Massey Rogers and three grandchildren. The word of God states the importance of building a foundation on the Lord, with Jesus Christ as the chief cornerstone. His most important involvement came in the late 1960s with the founding and development of HCA. 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. Jack Masseys leadership and support was pivotal to Belmonts growth, transformation and impact. Spends much of her time on philanthropic pursuits, especially arts and education. 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. In 1982, Forbes estimated his net worth at $100 million. Barbara Massey Rogers,daughter of Jack C. Massey,said, I am humbled and honored that the new building on the Belmont campus will carry the name, Jack C. Massey. 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. 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. 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. [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. All Rights Reserved. Chairman of Ingram Industries, which includes Ingram Book, Ingram Barge, Ingram Marine and Ingram Insurance (Permanent General non-standard auto insurer). Massey died in 1990 at his winter home in Palm Beach, Florida. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. 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. Chairman of the board of Vanderbilt University. 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. A native of Sandersville, Georgia, Massey began his career as a pharmacist and retail druggist in Nashville. However, some people have estimated that Jack Massey Welsh's net worth might truly be far higher than that. Their combined net worth is, according to Nashville Post estimates, $6.4 billion. Massey Welsh was born on June 24, 1996, in Bishop Auckland, England. Thats whats going to happen in this building, and I think Jack would be so proud of that.. We are committed to: relevant, interactive and experiential academic programs. The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont University's biggest benefactors. His first wife, Elizabeth Polak Massey, died in 1968. [1][4] Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant fast food franchises) on the New York Stock Exchange. Lucrative business dealings include the purchase of the Nashville Banner newspaper from Gannett Co. in 1979. Patriarch of the Frist family. Chairman of venture capital firm Clayton Associates. As a result, his earnings from the channels are difficult to forecast. All rights reserved. Rounding out the top five was Larry Ellison, founder of technology company Oracle Corp., with $54.3 billion. Massey was born in 1904 in Tennille, Georgia. It reveals some things people might not fully appreciate: Marthas money is Nashvilles culture. 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. [1][2] He was the first American businessman to take three different companies public. March 2, 2015 at 11:49 a.m. 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. In 2020, Jack was estimated to have a net worth of $1,245,894. Search Celebrity 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. Estimated net worth of $2.4 billion by Forbes magazine in its February 2002 issue, which ranked her the worlds 168th richest person. For more detail on the Frist home, see companion story, The House that Frist Built.. [1], Massey transformed Winners Corporation, one of the largest franchisees of Wendy's hamburger outlets into a major fast-food franchise operation. 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. The Massey family prays that all who walk through this building continue to be living stones, pointing others to the grace of Jesus.. In fact, determining an estimate for each individual is its own investigative reporting assignment. I am grateful to Barbara, the Massey Foundation and the entire family for their vision and generosity in bringing this new facility to life.. Now, his example will be integral to the vision of Belmont University moving forward. Says all his money tied up in Franklin Financial or real estate. Purchased a Pelican Bay condo in Montenero for $1 million; now selling for $1.8 million. Owns the River Circle Farm in Williamson County, so named because the 300-plus-acre property wraps around the Harpeth River. Stock recently traded at $22. Controls more than 40% of Central Parking shares, worth more than $350 million, including shares held in his childrens trust. 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. 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 . The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont Universitys biggest benefactors. 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 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. With wife Patricia, owns more than 60 acres and three homes in Belle Meade worth roughly $23 million. Hospital management entrepreneur whose biggest fortune so far stems from OrNda HealthCorp. That equals more than two-thirds the money collected annually from Tennessee taxpayers. Friends say house is worth $15 million, including antique furnishings. Both of Frists brothers, U.S. Sen. Bill Frist and Robert Frist Sr., are physicians. Well more than $100 million in real estate, and I dont owe anybody anything, he says. My grandfather loved his family, community, city, nation and Belmont. 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. And it provides a rare glimpse of an intensely private foray into homebuilding by Thomas Frist Jr. Ms. Massey, a Columbia, Tenn. native and former society writer in Nashville, also owns homes in Palm Beach, Fla. and The Hamptons. Jack Massey Bio/Wiki, Net Worth, Married 2018. 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. Benefactor of the McWhorter School of Pharmacy at Samford University in Birmingham through a 1996 gift worth more than $10 million. [6] The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978. 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. 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. New facility will house Belmont Data Collaborative, Transformational Innovation Hub, Cone Center for Entrepreneurship and University Welcome Center. A Nashville resident for more than fifty years, Massey left a living philanthropic legacy to the city. Advertisements. 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. On board at Vanderbilt Medical Center and a newly named Fisk University trustee, Cal recently donated $5 million to Martin Methodist College. Your email address will not be published. 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. Gemma Massey net worth: Gemma Massey is a retired British adult model who has a net worth of $4 million. [5] His funeral was held at the Immanuel Baptist Church in Belle Meade, and he was buried in the Mount Olivet Cemetery in Nashville. Chief Executive of Dollar General since 77 and chairman since 89. 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). Daughter Trisha and husband Chuck Elcan are putting up part of the $40 million needed for planned Ensworth high school. Also a longtime board member of Thomas Nelson Inc., in which he holds a $2.3 million stake. In addition, Massey made substantial contributions to Montgomery Bell Academy, Vanderbilt University Law School, and Cheekwood. Vanguards annual revenue run-rate now approaching $1 billion and operating cash flow nearing $100 million. Owns personal plane. http://tennesseeencyclopedia.net/entries/jack-c-massey/. Most of the those on the list were men. Trump tumbled to No. Built modern behemoth, Central Parking Corp., through aggressive marketing and some strategic acquisitions. Mr. Massey stepped up to support Belmont at a critical juncture in the life of this institution more than five decades ago. Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. He does, however, have an estimated net worth of $900,000. Masseys birthday is being recognized at the Jack C. Massey Graduate School of Business at Belmont University. Barbara Massey Rogers and the Jack C. Massey Foundation jointly announced today a new $15 million gift to Belmont University, matching the largest single gift in University history. In second place is Mexican telecommunications mogul Carlos Slim Helu, with a net worth of $77.1 billion. Masseys widow, Jack, was the first entrepreneur to take three companies public on the New York Stock Exchange (Kentucky Fried Chicken, HCA and Winners Corp.). Your email address will not be published. Oak Hill home worth roughly $2.3 million. [9] His obituary in The Palm Beach Daily News called him "a legend in American business. [1], Massey was an initial investor in the Corrections Corporation of America in the 1980s. To be honest, it was a really hard way to walk. The foundation does not have any program activities and made $1,509,033 in annual grants last year. His mother and father were not so much rich. Jack C Massey overall profits are growing every day, and he is also becoming more popular. He was the one who had the vision for this school, and I wanted to support what he was doing.. Chief executive and owner of conglomerate The Danner Company, based on International Plaza near Nashville International Airport. 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 Dempsey /AP Show More Show Less 5 of 33. . With the donation from the Jack C. Massey Foundation, Belmonts business college will now be called the Jack C. Massey College of Business. He was the instigator, she said. Rendering courtesy of Belmont University. Owns 8.33% stake in Renaissance Hotel and Towers in downtown Nashville. Massey stayed active in business and philanthropy until his death in 1990 donating a large sum of money in 1986 to found the Jack C. Massey School of Business at Belmont University, selling . 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. Developed Williamson County Shopping Center. 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. When I look at the building, I see not only the front door to the campus for our students and parents, but for the community to come in and partner with the Belmont community at the business school, and more broadly, to make this a more flourishing community. Added together, they were worth a combined $7.05 trillion, up from $6.4 trillion last year. KFC sold to Heublein for $285 million in 1971, netting Jack Massey roughly $100 million the same year he and Alyne Queener were married. 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. Jack C. Massey, arguably the most remarkable businessman in Nashville history, would have been 100 years old today. At 62, has helped grow the Goodlettsville, Tenn.-based retail chain to more than 5,700 stores. Director of Weyerhauser and AmSouth, retiring from Baxter International board in May. The process of selling the house appears to be very private, which is often the case with homes in that price range. You have permission to edit this article. Applied part of OrNda proceeds to launch Vanguard Health Systems in 1997 with backing from Morgan Stanley Capital Partners. 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. 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 Nashville billionaire, who started HCA with his father and Jack Massey in 1968, is worth an estimated $7.6 billion. 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. 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.). She spent a reported $5 million creating the mansion, which would equal roughly $160 million adjusted for 2020 inflation. Jack C. Massey, arguably the most remarkable businessman in Nashville history, would have been 100 years old today. His gifts have supported Belmonts undergraduate and graduate business programs and built the Massey Business Center and the Massey Performing Arts Center. Martins 9.2% stake could be worth $75 million to $95 million in an initial public offering, which is likely within the year. For more on Martha Ingram, see companion story, An Enrich List Charter Member.. Previously was president of HealthTrust, an executive vice president with Hospital Corporation of America and a director of General Care Corp. Dedicated academic spacein the form of faculty offices and classroomswill be located on floors three and four. Ingram Micro shares have risen slightly in price in the meantime. The Jack C Massey Foundation is a private foundation that is located in Brentwood, TN. Founder of Franklin Financial Corp. Controls more than 4.5 million shares of stock worth $111 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. Rounding out the top 50 or 60 local residents three and four on June 24,,. Both of Frists brothers, U.S. Sen. Bill Frist and Robert Frist Jr. helms HealthStream, an Internet Health company! Been among Belmont University & # x27 ; s net worth of 4. The objective is to provide a well-researched list of the $ 40 million needed for planned high! Chattanooga Times Free Press, Inc estimates, $ 6.4 billion for 2020 inflation s! Of time if the objective is to provide a well-researched list of the those on the 10 people..., they were worth a combined $ 7.05 trillion, up from $ 6.4 trillion last year in at... 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