Forrest Preston: Age, : Wealth Report Net Worth 2026: Career Earnings & Assets

As of April 2026, Forrest Preston: Age, is a hot topic. Official data on Forrest Preston: Age,'s Wealth. Forrest Preston: Age, has built a massive empire. Let's dive into the full report for Forrest Preston: Age,.

Forrest Lee Preston, born on March 22, 1933, in Massachusetts, is an American billionaire businessman renowned for founding Life Care Centers of America in 1970. As the sole owner, chairman, and CEO, he has significantly influenced the long-term elderly care industry in the United States.

Personal Life and Relationships

Preston was married to Kathleen Marchant until her passing in 2017. The couple had a son, Aubrey Preston. In 2018, he married Kim Phuong Nguyen. Preston resides in Cleveland, Tennessee, and is of the Baptist faith, attending the First Baptist Church in Cleveland.

Career Beginnings and Key Milestones

In the late 1950s, Preston moved to Cleveland, Tennessee, following his brother, Winton Russell Preston. Together, they founded Hospital Publications, a company producing patient booklets and public relations materials for hospitals. This venture operated until 1972 and highlighted the need for improved public relations in healthcare. Observing the conditions of elderly patients, Preston identified a gap in long-term care services. In 1970, he founded Life Care Centers of America in Cleveland, Tennessee, aiming to provide quality care for the elderly. Under his leadership, the company expanded to over 200 facilities across 27 states, becoming the largest privately owned long-term care facility chain in the U.S.

Charitable Work and Legacy

Preston has been involved in various philanthropic efforts, particularly in education and healthcare. He endowed a scholarship at Atlantic Union College and has made significant contributions to his community in Cleveland, Tennessee. His legacy in the healthcare industry is marked by his commitment to providing quality care for the elderly.

Early Life and Family Background

Forrest Preston was born and raised in Massachusetts, the son of Benjamin M. Preston, a Seventh-day Adventist pastor, and his wife, Ethel Preston. This religious upbringing instilled in him values of service and compassion, which later influenced his career in healthcare. He pursued higher education at Walla Walla College and Oregon State University, initially aiming to become a medical doctor. He became a certified X-ray technician, gaining firsthand experience in the medical field.

His wealth primarily stems from Life Care Centers of America, which operates over 200 facilities across 27 states. Preston’s assets include a large mansion in Cleveland, Tennessee, and he is known for his philanthropic efforts, donating millions to various causes, including education and healthcare.

Net Worth and Lifestyle

As of December 2024, Forrest Preston’s net worth is estimated at $1.2 billion.

Notable Works and Achievements

Preston’s dedication to elderly care has earned him recognition in the healthcare industry. Life Care Centers of America has been instrumental in setting standards for long-term care, emphasizing patient-centered services. The company’s growth and success reflect Preston’s commitment to quality healthcare for the aging population.

Current Relevance and Recent Updates

In recent years, Preston’s personal life has attracted media attention. After the death of his first wife, Kathleen, in 2017, he married Kim Phuong Nguyen, his former caretaker, in 2018. In October 2024, his son, Aubrey Preston, filed a legal complaint against Kim and her family concerning his father’s finances, leading to a court granting an emergency conservatorship to Aubrey.

Future Plans and Impact on Culture

While Preston’s advancing age and recent legal issues have brought uncertainties about his future involvement in Life Care Centers of America, the company’s impact on the long-term care industry remains significant. Preston’s vision and leadership have set a standard for elderly care, influencing industry practices and policies.

Disclaimer: Forrest Preston: Age, wealth data updated April 2026.