Forrest Preston

Forrest Preston

Forrest Preston (#2664)

  • $ 2 B
  • Health care
  • United States
  • M
  • 93 Years

About Me

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.
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Forrest Preston’s rise and global influence.

  • #2274   Billionaires (2026)

Wealth Growth

Net Worth Growth Over Time

Tracking Forrest Preston’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $1.5B (May 4, 2026)