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Forrest Preston

Forrest Preston

Forrest Preston (#2546)

Global Rank #2546
Country Rank #828
Country United States

Forrest Preston is listed among the world billionaires tracked by Iconic Billionaires.

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

Snapshot

Quick Facts

Global Rank #2,546
Country Rank #828
Net Worth $1.6B
Previous Worth $1.6B
Worth Change +$0.0B
Country United States
Industry Health care
Age 93 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 02 Sep 2026, 12:00 AM
Residence Cleveland, Tennessee
World Billionaires List United States Billionaires Health care

Profile Data

Personal Stats

Age 93
Source Of Wealth Health care, Self Made
Self Made Score 8
Residence Cleveland, Tennessee
Citizenship United States
Marital Status Married
Children 4
Education Walla Walla College; Oregon State University
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $1.6B
Current Net Worth $1.6B

Worth as of May 4, 2026

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.

Insights

Did You Know?

Before founding the company, Preston sold vacuum cleaners, worked as an X-ray technician and ran a printing business with his brother.

His first facility, formerly called Garden Terrace Convalescent Center, is still open today in Cleveland, Tennessee.

Wealth Growth

Net Worth Growth Over Time

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

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $1.6B (May 4, 2026)

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