Forrest Preston

Forrest Preston (#2807)

Global Rank #2807

Country Rank #871

Country United States

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

$ 1 B
Health care
United States
M
93 Years

Snapshot

Quick Facts

Global Rank #2,807

Country Rank #871

Net Worth $1.4B

Previous Worth $1.4B

Worth Change +$0.0B

Country United States

Industry Health care

Age 93 Years

Gender M

Worth As Of May 4, 2026

Residence Cleveland, Tennessee

Citizenship United States

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 $1.4B

Current Net Worth $1.4B

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.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Forrest Preston.

#2274

Billionaires (2026)

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: $1.4B (May 4, 2026)