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. Chairman of venture capital firm Clayton Associates. In 1968, Massey challenged the community to build a business school at Belmont that served Nashville. Dean of Belmonts College of Business Dr. Sarah Gardial said the new building is the quintessential piece of his influence on Belmonts campus. You have permission to edit this article. 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. Copyright 2020 - 2023 by FamedBorn.com. Copyright 2023, Chattanooga Times Free Press, Inc. 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 Dempsey /AP Show More Show Less 5 of 33. . All rights reserved. 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. 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. The word of God states the importance of building a foundation on the Lord, with Jesus Christ as the chief cornerstone. 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. [7], Massey was a donor to Belmont University, where the Jack C. Massey Graduate School of Business was named in his honor. Net worth well down from four years ago, when Central Parking stock was priced above $50. Before Fame Massey, who died in 1990, is the only American to have taken three. 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. Shugga Hi owner sues for right to buy property eyed for ER, TriStar Health proposing East Nashville emergency department. 248 from 156 on the 2017 list with a net worth of $3.1 billion attributed by Forbes to new information released during . [1][4] Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant fast food franchises) on the New York Stock Exchange. Masseys achievements are especially notable when one considers that he was born in virtual poverty in rural Georgia. The home sits on a nearly four-acre estate. Estimated net worth of $2.4 billion by Forbes magazine in its February 2002 issue, which ranked her the world's 168th richest person. [1][2] He also supported Vanderbilt University and the Montgomery Bell Academy in Nashville. You have permission to edit this article. 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. However, some people have estimated that Jack Massey Welsh's net worth might truly be far higher than that. 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. Forbes said Bill Gates remained the richest person in the world. Reach Jamie McGee at 615-259-8071 and on Twitter @JamieMcGee_. Another home on Sturbridge Drive and three condominiums in Naples, Fla., which he buys and sells as a hobby. Advertisements. High level tennis player, serves as a trustee of the U.S. Equestrian Team when not watching over his investments or planning his next major charitable gift. His most important involvement came in the late 1960s with the founding and development of HCA. [1] He was also a donor to the Cheekwood Botanical Garden and Museum of Art and the Tennessee Performing Arts Center in Nashville. 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. Benefactor of the McWhorter School of Pharmacy at Samford University in Birmingham through a 1996 gift worth more than $10 million. Your email address will not be published. Owns a Falcon 20-F, 10-passenger jet. HCA is the biggest company in town and medical services is the biggest industry in town and these companies are all over this place. Both of Frists brothers, U.S. Sen. Bill Frist and Robert Frist Sr., are physicians. The foundation does not have any program activities and made $1,509,033 in annual grants last year. [1], Massey transformed Winners Corporation, one of the largest franchisees of Wendy's hamburger outlets into a major fast-food franchise operation. That equals more than two-thirds the money collected annually from Tennessee taxpayers. 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 . 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. 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. With the donation from the Jack C. Massey Foundation, Belmonts business college will now be called the Jack C. Massey College of Business. She spent a reported $5 million creating the mansion, which would equal roughly $160 million adjusted for 2020 inflation. Before becoming an adult star, Gemma Massey was a dental nurse. Save my name, email, and website in this browser for the next time I comment. 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. This closer look reveals some things people already know: everyone is still rich. Ms. Massey, a Columbia, Tenn. native and former society writer in Nashville, also owns homes in Palm Beach, Fla. and The Hamptons. Friends say house is worth $15 million, including antique furnishings. Massey received many kudos during his life, and was in 1987 named a member of the Fortune magazine U. S. Business Hall of Fame. In 1982, Forbes estimated his net worth at $100 million. That commitment includes helping build a nationally recognized business school, now known as the Jack C. Massey College of Business. 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. He retired briefly at the age of fifty-six but quickly returned to business and civic endeavors. [1][4] He founded Massey Surgical Supply in 1930. With wife Patricia, owns more than 60 acres and three homes in Belle Meade worth roughly $23 million. Dedicated academic spacein the form of faculty offices and classroomswill be located on floors three and four. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing. 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. 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. 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. Converted stock and option stake in company into more than $65 million on its sale to Tenet Healthcare. Owns the River Circle Farm in Williamson County, so named because the 300-plus-acre property wraps around the Harpeth River. Also instrumental in the formation of the new John Paul II Catholic High School in Hendersonville. 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. 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. [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. All Rights Reserved. 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. The building has been named in . Owns and leases most real estate Franklin National Bank utilizes. Built modern behemoth, Central Parking Corp., through aggressive marketing and some strategic acquisitions. 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. An investor/director of San Antonio-based Kinetic Concepts, whose systems prevent and treat complications of immobility resulting from disease, surgery or obesity, and treat chronic wounds. A new glass-enclosed atrium will be added to the building, and more space will be available for faculty and students to work together. I am grateful to Barbara, the Massey Foundation and the entire family for their vision and generosity in bringing this new facility to life.. 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. She. [6] The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978. And it provides a rare glimpse of an intensely private foray into homebuilding by Thomas Frist Jr. Native of Columbia, Tenn., where she and sister Elizabeth Queener own the familys 230-acre farm that has been in the Queener family for six generations. Online Edition 2002 ~ 2021, The University of Tennessee Press, Knoxville, Tennessee. 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 . Jack Massey is an actor, known for Runaway Jury (2003) and Solo Flight: The Genius of Charlie Christian (1992). Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Family has controlling interest in Farmers National Bank, based in Scottsville, Ky. Steve serves as chairman and CEO of banks parent company, FNB Financial Corp., and pursues commercial real estate projects and other investments as a founder and senior partner of Marketstreet Management and Marketstreet Equities companies. KFC sold to Heublein for $285 million in 1971, netting Jack Massey roughly $100 million the same year he and Alyne Queener were married. A Nashville resident for more than fifty years, Massey left a living philanthropic legacy to the city. Company holdings include Danner-Eller Golf Properties, owner of Hermitage Golf Course, Stonebridge Golf Course (Memphis), and a course in Greenville, S.C.; Fifth Quarter Restaurants; several car dealerships, including stakes in Neill-Sandler Toyota, Buick, Pontiac, GMC Truck, Ford, Lincoln, Mercury, and Toyota dealerships in Murfreesboro, Knoxville and Alcoa; and, according to Hoovers Inc., stakes in salmon farms and eucalyptus tree farms in South America. Vanguards annual revenue run-rate now approaching $1 billion and operating cash flow nearing $100 million. 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. [5] He sold it to the A.S. Aloe division of the Brunswick Corporation for $1 million. Jack C. Massey, arguably the most remarkable businessman in Nashville history, would have been 100 years old today. The late Jack C. Massey (1904-1990) and his family have collectively been among Belmont Universitys biggest benefactors. 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. A former IBM board member of 11 years, Frist numbered 293 on Forbes magazines listing of the 400 Richest People in the World in 2002. 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. 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.). University Marketing and [email protected], College of Entertainment and Music Business, College of Liberal Arts and Social Sciences, College of Theology and Christian Ministry, OMore College of Architecture and Design, Interdisciplinary Studies and Global Education. Jack has amassed a sizable fortune thanks to his numerous YouTube accounts and the thousands of people who follow each of them. Massey was a co-founder of the Hospital Corporation of America (now known as HCA Healthcare) and served as Chairman of the Board, Chief Executive Officer, Chairman of the Executive Committee and a member of the Board of Directors. 2023 www.tennessean.com. New facility will house Belmont Data Collaborative, Transformational Innovation Hub, Cone Center for Entrepreneurship and University Welcome Center. Rounding out the top five was Larry Ellison, founder of technology company Oracle Corp., with $54.3 billion. He bought Kentucky Fried Chicken Corp., co-founded Hospital Corporation of America and later founded Winners Corp. Barbara Massey Rogers, Masseys daughter, said the donation was made as a way to continue the work her father began at Belmont. 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. Hospital management entrepreneur whose biggest fortune so far stems from OrNda HealthCorp. Chairman of Ingram Industries, which includes Ingram Book, Ingram Barge, Ingram Marine and Ingram Insurance (Permanent General non-standard auto insurer). Widow of serial entrepreneur Jack Massey, who died in 1989. In 1982, Forbes estimated his net worth at $100 million. 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. Trump tumbled to No. Contacted by NashvillePost.com, Hutton adamantly denied that the house had already been listed but said, Im having some very private conversations about it.. Director of Weyerhauser and AmSouth, retiring from Baxter International board in May. Cal has sole ownership of about 5.9 million shares, while brother Steve owns 2.3 million shares. [4], Massey was the founder of the Saint Thomas - Midtown Hospital in Nashville. anthony apocalypse costume; mark dellagrotte record; shohreh aghdashloo ever after; wendy's employment verification; is it haram to wear shorts to sleep [5], In 1968, Massey co-founded Hospital Corporation of America with Thomas F. Frist Sr. and Thomas F. Frist Jr.[1] in Nashville, 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.. The school seeks to increase the number of business major undergraduates to 1,200. The donationwhich secures the naming rights to a to-be-constructed building designed to foster explorations of data, discovery and designcontinues a longstanding tradition of generous support of Belmont by the Massey family while honoring the legacy of one of the greatest entrepreneurs and businessmen in American history. With this new gift we will be able to extend that impact even further, inspiring every student, employee and visitor to our campus with the entrepreneurial spirit, moral character and innovative leadership Jack demonstrated with exceptional effectiveness throughout his career. Its style and location make it indisputably one of the most desirable houses in all of Nashville. Forbes said there were 1,826 billionaires on its list this year, up from 1,645 in 2014. Owns personal plane. Nephew Robert Frist Jr. helms HealthStream, an Internet health care company, where he holds 5.3 million shares worth $7.7 million. [1][4] He built the store into a pharmacy chain, selling it six years later. 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.. The latter two properties have a combined market value of $5 million. He uploaded his first video to his JackSucksAtLife channel, "Minecraft 1.5.1 - Jack's Farm Ep.1 Skinny Pete!," on April 4, 2013. Massey died in 1990 at his winter home in Palm Beach, Florida. Through Inman & Richey Co., built and owns the Bank of America building in Maryland Farms valued at $3.9 million. Stepped down from the board in 2000. 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. Oak Hill home worth roughly $2.3 million. [1][3] He then received a pharmacist's license when he was 19 and bought his first drugstore when he was 25. 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. Co-founded Hospital Corporation of America with his late father and Jack Massey, who earlier made a fortune with Kentucky Fried Chicken. Massey resided in Nashville[clarification needed]. At 62, has helped grow the Goodlettsville, Tenn.-based retail chain to more than 5,700 stores. Applied part of OrNda proceeds to launch Vanguard Health Systems in 1997 with backing from Morgan Stanley Capital Partners. Previously was president of HealthTrust, an executive vice president with Hospital Corporation of America and a director of General Care Corp. Barbara Massey Rogers, Jack C. Massey Foundation Provide $15 Million Gift to Belmont University Tops Out New Jack C. Massey Center. We will be working on projects for and with community nonprofits, for profits and government organizations, and in fact, those projects are already underway, said Gardial. Massey, who died in 1990 after taking three companies to the New York Stock Exchange, is one of the schools top benefactors. [9] His obituary in The Palm Beach Daily News called him "a legend in American business. 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. He was the one who had the vision for this school, and I wanted to support what he was doing.. 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. The Massey. 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. 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. Functionality and information are in compliance with guidelines established by the American Association for State and Local History for online state and regional encyclopedias. He would be very excited about the prospect of this great, new building and the future opportunities it will bring to Belmont, she said. Says all his money tied up in Franklin Financial or real estate. The Massey family prays that all who walk through this building continue to be living stones, pointing others to the grace of Jesus.. Im not sure there would be a Belmont without Jack Massey, Belmont University President Bob Fisher said Thursday at a reception honoring Massey and the most recent donation. Owns, along with his children, several downtown parcels of land on Second and Third avenues that he leases to Central Parking to operateat an annual rent of $350,000. Barbara Massey Rogers Acceptance Speech on . He is best known for being a YouTuber. Daughter Julie Stadler owns another $46 million of stock outside the trust. Donation secures naming rights for new campus facility, honors legacy and entrepreneurial spirit of businessman Jack C. Massey. A native of Sandersville, Georgia, Massey began his career as a pharmacist and retail druggist in Nashville. Restaurant Properties. Purchased a Pelican Bay condo in Montenero for $1 million; now selling for $1.8 million. Patriarch of the Frist family. Jack C. Massey, arguably the most remarkable businessman in Nashville history, would have been 100 years old today. Snapchat's other co-founder, 25-year-old Bobby Murphy, had the same net worth as Spiegel. Next is investor Warren Buffett, who moved up one slot this year with a net worth of $72.7 billion. Two other just-completed condos valued at $6.5 million total. 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). 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. Current net worth is $1,572,900, while in 2021 Jack had a net worth of $1,399,881. Site preparation for the new Jack C. Massey Center facility begins this week with plans for a groundbreaking in early 2022. It reveals some things people might not fully appreciate: Marthas money is Nashvilles culture. [1] He had a daughter, Barbara Massey Rogers and three grandchildren. [5] His funeral was held at the Immanuel Baptist Church in Belle Meade, and he was buried in the Mount Olivet Cemetery in Nashville. As of 2023, Jack Massey Welsh's net worth is $100,000 - $1M. Generally though, ferreting out the information to estimate a private citizens net worth isnt an easy task. Massey gifts also established the Doyle Rogers Distinguished Chair of Law. Owns seven of nine buildings on the Franklin town square valued at $5.4 million. [3] His alma mater, University of Florida, named the Jack C. Massey Professorship Fund for him. As a pharmacist and retail druggist in Nashville history, would have been 100 years today. And Robert Frist Jr. helms HealthStream, an Internet Health care company, where He holds 5.3 million,... To jack c massey net worth property eyed for ER, TriStar Health proposing East Nashville department! Have collectively been among Belmont Universitys biggest benefactors chain, selling it six years later in Hendersonville more than stores! Years, Massey left active management in 1978 company in town and these companies all. Shugga Hi owner sues for right to buy property eyed for ER TriStar. But quickly returned to business and civic endeavors program activities and made $ 1,509,033 in grants. Worth roughly $ 160 million adjusted for 2020 inflation for faculty and students to work together Corp. through. Isnt jack c massey net worth easy task buys and sells as a hobby Transformational Innovation,. By Thomas Frist Jr, honors legacy and entrepreneurial spirit of businessman Jack C. Massey arguably! In 1968, Massey began his career as a hobby years, Massey left a philanthropic! 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