What is Thomas F. Frist Jr. Net Worth?
Thomas F. Frist Jr. net worth is US$ 21.8 Billion as of Jan 2023.
|Net Worth||US$ 21.8 Billion|
|Born:||August 12, 1938 (85 Years)|
|Full Name||Thomas Fearn Frist Jr.|
|Country of Origin||Nashville, Tennessee, The US|
|Source of Wealth||Businessman, Physician|
|Spouse (s)||Patricia C. Frist (M., 1961; Died, 2021)|
|Children||Thomas F. Frist, III, William R. Frist, Patricia Frist Elcan|
|Famous For||Co-founder of HCA Healthcare|
Table of Contents
American billionaire physician and businessman Thomas Fearn Frist Jr. is the wealthiest person in Tennessee and a co-founder of HCA Healthcare. Dr. Frist and his father, Dr. Thomas F. Frist, Sr., in 1968, HCA was founded by Jack C. Massey and Hospital Corporation of America. HCA modernized health care delivery in the United States while prioritizing patient care and safety as one of the nation’s first investor-owned hospitals.
Dr. Frist held several leadership positions at HCA, including Chairman, President, and Chief Executive Officer. He served as Chairman Emeritus of HCA until 2009 he retired from the board. Frank Drowota, who went on to become the Chief Justice of the Tennessee Supreme Court, served as the team’s halfback for Frist. Dr. Frist started a college advertising agency and obtained his pilot’s license while attending Vanderbilt University. He was a key player in the 2006 privatization of HCA for $31.6 Billion.
This was the largest leveraged buyout in history, with funding from Merrill Lynch and KKR, Bain Capital, and the Frist family. Frist founded the Alexis de Tocqueville Society in United Way’s spinoff, which encourages giving four years later. He is also the chairman of the Frist Center for the Visual Arts in Nashville and the Frist Foundation, both philanthropic organizations run by his family.
He co-founded the Hospital Corporation of America.
He became president of HCA.
He served on the Board of Directors of IBM from 1984 to 1995.
Thomas Frist Jr. was elected to the U.S. Senate as a Republican from Tennessee.
He was the chair of the Nashville Area Chamber of Commerce from 1999 to 2000.
He co-founded the China Healthcare Corporation with Charles A. Elcan.
He stepped down from the board of directors, and his son, Billy Frist, joined the board.
He received the United Way Lifetime Achievement Award.
On August 12, 1938, Thomas F. Frist Jr. was born. His father, Thomas F. Frist Sr., was a well-known Nashville specialist in internal medicine. Dorothy Cate was his mother. Frist spent his childhood in Nashville’s western suburb of Belle Meade. Nashville’s prep school for boys, Montgomery Bell Academy, was where he went. Thomas Frist was a quarterback for the MBA football team that won the state championship in 1956. He received his medical degree from Washington University School of Medicine in St. Louis in 1965, after which he returned to Vanderbilt University to complete his surgical residency there.
Thomas Frist Jr. co-founded the Hospital Corporation of America in 1968 with his father, Thomas F. Frist Sr., and Jack C. Massey. He took over HCA as president. in 1977 and was chairman and CEO president in 1987. After the merger with Columbia in 1994, he was elected chairman; after the merger with HealthTrust Inc. in April 1995, he was elected vice chairman. After Rick Scott resigned in 1997, he took over as chairman and CEO of the company. Scott went on to become Governor of Florida.
After two management buyouts, he took the company public for the 3rd and final time in 2011. He now owns more than 20% of the company. HCA Healthcare operates around 2,000 care sites in 20 U.S. states. From 1999 to 2000, he was the Nashville Area Chamber of Commerce chairman. He is a member of The Business Council. He co-founded China Healthcare Corporation in 2008 with Charles A. Elcan. The aircraft manufacturer Tomco II LLC is led by Frist as president.
In a crash in 2000, Scott Mercy, chairman of America Service Group Inc. and chairman of Life Point Hospitals Inc., passed away. In a similar vein, another Frist aircraft went down in 2006. He was also a co-founder of the United Way Alexis de Tocqueville Society. He also served on the board of directors for United Way of America.
Thomas F. Frist Jr.’s Net Worth Growth
|Net Worth in 2022||US$ 21.8 Billion|
|Net Worth in 2021||US$ 15.7Billion|
|Net Worth in 2020||US$ 7.5 Billion|
|Net Worth in 2019||US$ 12.4 Billion|
|Net Worth in 2018||US$ 9.6 Billion|
Thomas Frist Jr. net worth grew over the past five years is given below:
- The Dr. Thomas F. Frist Jr. Excellence in Volunteer Leadership Award of the United Way was established in 1996.
- In 2012, he received the United Way Lifetime Achievement Award
- Nashville’s Belmont University announced the creation of a new medical school named the “Thomas F. Frist Jr. College of Medicine,” established in partnership with HCA’s clinical facilities branded as TriStar Health in 2020.
- Thomas Frist Jr. Ranks 37 in Forbes 400.
Favorite Quotes from Thomas F. Frist Jr.
“You can always find something to be grateful for, no matter what situation you’re in”– Thomas Frist Jr.
“There is no one else in the world like you, so be proud of who you are”– Thomas Frist Jr.
“We all have different starting points, but we all have the same goal: to be the best that we can be.”– Thomas Frist Jr.
Keys Life Lessons from Thomas F. Frist Jr.
We now know everything about Thomas Frist Jr. and his net worth. Let’s look at some of his lessons.
1. Your choices represent your Success
The only way to achieve financial success is to use your money wisely and with discipline.
2. Investment is the best
You Investing at the right time in the right thing is crucial, but it always gives you the best positive output
3. Always do plan
Having a plan in your head before taking any action is important. In Financial terms, planning is essential to maintain stability.
Frequently Asked Questions
Thomas F. Frist Jr.’s net worth was estimated at US$ 21.8 Billion as of Jan 2023.
HCA Healthcare is the Thomas F. Frist Jr.’s Firm.
Thomas Frist Jr. wife name is Patricia C. Frist
Thomas F. Frist Jr. is a billionaire physician, businessman, and prominent internal medicine specialist in Dorothy Cate and Nashville. He was a football champion in his school life. He belonged to Phi Delta Theta’s Vanderbilt chapter. In the United States Air Force, he worked as a flight surgeon.
The Tennessee Health Care Hall of Fame’s inaugural inductee is Thomas F. Frist, Jr., M.D., a devoted businessman, lifelong philanthropist, and devoted father and grandfather. Dr. Frist held several leadership positions at HCA, including Chairman, President, and Chief Executive Officer. He served as Chairman Emeritus of HCA until 2009 he retired from the board.
What do you think about Thomas Frist Jr.’s net worth? Leave a comment below.