Thomas Frist Jr Net Worth (2024)
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Thomas Fearn Frist Jr Net Worth, Biography & Lifestyle:
Thomas Frist Jr. is an American businessman and philanthropist. He is the co-founder of HCA, a for-profit hospital chain. His estimated net worth as of 2024 is $17.1 billion.
He was born in Nashville, Tennessee, to Thomas Frist Sr., a doctor, and MaryFrances Aylor Frist. He has three siblings: two brothers and one sister.
He attended Montgomery Bell Academy and Frist graduated from Vanderbilt University in 1963 with a bachelor’s degree in economics.
But here’s the kicker…
Table of Contents
Frist began his career as a trainee at First American Bank in Nashville. He later worked as an investment banker at Bear Stearns in New York City.
In 1968, he returned to Nashville to co-found the Hospital Corporation of America (HCA), the largest for-profit hospital chain in the world. He served as CEO of HCA from 1982 to 2000.
He is now retired from HCA but remains on its board of directors.
He has been married twice. His first wife was Jane Cook, with whom he had four children.
His second wife is Patsy Frist, with whom he has two children. He is a member of the Presbyterian Church.
Today, we’ll dive deep into Thomas Frist Jr career and look at:
Let’s get started…
Who Is Thomas Frist Jr.?
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<a href="https://www.insiderbusinessschool.com"><img src="https://www.insiderbusinessschool.com/wp-content/uploads/2022/10/Thomas-Frist-Jr-Net-Worth01.webp" alt="Thomas Frist Jr." ></a>| Net Worth: $17.1 billion |
| Date of Birth: June 30th, 1959 65 yrs old |
| Source of Wealth: Physician And Businessman |
| Nationality: Nashville, Tennessee, U.S. |
| Birth Name: Thomas Fearn Frist Jr |
| Spouse: Patricia C. Frist (m. 1961; died 2021) |
| Children: 3, including Thomas F. Frist, III, and William Frist, Billy Frist |
Thomas F. Frist Jr is a businessman and entrepreneur who has made his mark in the healthcare industry.
He is the co-founder of HCA, one of the largest for-profit hospital chains in the world.
He has many other business interests, including real estate, private equity, and venture capital.
Despite his many successes in business, Thomas Frist Jr is best known for his philanthropic work.
The best part…
He and his wife, Linda, have donated billions of dollars to charitable causes, focusing on healthcare and education over the years.
They both promote the arts, and Vanderbilt University in Nashville, where they both went to college, bears their names on many buildings.
Moreover, he was vice president of the Vanderbilt University Board of Trust from 1995 to 1997.
Who Is Thomas Frist Jr?
Thomas Frist Jr. is a businessman and philanthropist who co-founded the Hospital Corporation of America (HCA). From 1994 until 2002, he also represented Tennessee as a U.S. senator.
Frist was born in Nashville, Tennessee, the son of Thomas F. Frist Sr. and Dorothy Cate.
He graduated from Montgomery Bell Academy in 1962 and earned his B.A. from Vanderbilt University in 1966.
He then attended Miami Valley Hospital in Dayton, Ohio, earning his M.D. in 1970.
After completing his medical training, Frist worked as a doctor in Nashville, Tennessee.
In 1972, he co-founded HCA Healthcare with Jack Massey and Dr. Thomas Frist Sr. One of the biggest healthcare organizations globally is HCA.
That’s crazy…
Frist also served as a U.S. Senator from Tennessee from 1994 to 2002.
In 1994, he was chosen to serve two terms in the Senate. He did not seek re-election in 2002.
Since leaving the Senate, Frist has been active in business and philanthropy.
He serves as the board of directors company’s chairman for Solix, Inc., a provider of healthcare information technology.
Frist serves as the chairman of the Frist Center for the Visual Arts and the Frist Foundation.
He is also a partner at Cressey & Company, a private equity firm.
Besides his business activities, Frist has been active in philanthropy.
He co-founded Hope Through Healing Hands, a nonprofit organization that works to improve health in developing countries.
He serves as the Frist Center for Autism and Innovation’s chairman and chief executive officer.
Thomas Frist Jr. is a successful businessman and philanthropist who has impacted the healthcare industry and people’s lives worldwide.
How Old Is Thomas Frist Jr?
Thomas Frist Jr is 65 yrs old years old, born in Nashville, Tennessee, U.S. in 1959.
Other Quick Facts:
How Much Is Thomas Frist Jr Worth?
Thomas Frist Jr’s net worth is estimated to be $17.1 billion.
He made his fortune by co-founding the hospital chain HCA, now the world’s largest for-profit healthcare company.
Thomas Frist Jr Net Worth Year By Year
| Year | $ |
| 2013 | $4.8 Billion |
| 2014 | $6.1 Billion |
| 2015 | $7.6 Billion |
| 2016 | $7.3 Billion |
| 2017 | $8.8 Billion |
| 2018 | $9.6 Billion |
| 2019 | $12.4 Billion |
| 2020 | $7.5 Billion |
| 2021 | $15.7 Billion |
| 2022 | $21.8 Billion |
Thomas Frist Jr. Investments
Thomas Frist Jr. is an American businessman and investor. He is the brother of current HCA chairman and CEO William Frist.
Frist has a diverse range of investments in companies and real estate. He is also a member of the Board of Directors for HCA and several other organizations.
In terms of companies, Frist has invested in various businesses.
He was an early investor in Michaels Stores, Inc., and served on the board of directors for many years.
Frist has also invested in several healthcare companies, including Careington International Corporation, HealthSpring, and LifePoint Hospitals.
Additionally, he has accumulated large real estate investments. He owns many properties in the Nashville area, including a home in Belle Meade and a farm in Williamson County.
Also…
Thomas First has invested in commercial real estate like the Nashville City Center office complex.
Overall, Thomas Frist Jr.’s investment portfolio is very diverse. He has invested in companies across a variety of industries, as well as in real estate.
This diversity gives him a great deal of flexibility and allows him to weather economic downturns better than if he had invested more heavily in just one or two areas.
The Young Thomas Frist Jr
Thomas Frist Jr was always a go-getter, even from a young age. He was the kind of kid always looking for new challenges and ways to better himself.
This determination led him to become one of the most successful businessmen in America.
As a young man, Thomas Frist Jr excelled in school. He was an excellent student and was always at the top of his class.
He went to Vanderbilt University after finishing high school. While at Vanderbilt, he majored in economics and business.
After graduating from college, Thomas Frist Jr went to work for his father’s company, Hospital Corporation of America (HCA).
How can you beat that?
One of the biggest healthcare organizations in the globe is HCA. Frist Jr. advanced fast through the company’s levels.
The Frist family and the Chinese government have formed a joint venture to establish a 500-bed hospital in China.
Today, Thomas Frist Jr is a billionaire. He is among the wealthiest person in the world.
His success is a testament to his hard work and determination.
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Thomas Frist Jr was born in Nashville, Tennessee, on August 22, 1946.
He went to high school at Montgomery Bell Academy (Nashville prep school).
In high school, Thomas Frist Jr was known for being a bit of a class clown.
He loved making his friends laugh; he was always the party’s life. He was also a talented athlete and excelled in both football and track.
Thomas Frist Jr University
Thomas Frist Jr. started his college education at Washington University in St. Louis.
That’s right! Before he found HCA and became one of the most successful businessmen in history, Frist was just like any other student trying to figure out what he wanted to do with his life.
Seriously…
And while he didn’t stay at Washington University for too long (he eventually transferred to Vanderbilt University).
Thomas Frist Jr Family & Relationships
Thomas Frist Jr is a happily married man. He and his wife have been together for decades now and have three beautiful children.
Frist is very close to his family and enjoys spending time with them. He is also a big fan of his hometown, the Nashville Predators.
Not only that…
Frist is a strong advocate for family values. He believes families should stick together and support one another through thick and thin.
He also thinks that parents should be involved in their children’s lives and guide them in making wise choices.
Frist is a firm believer in the importance of communication in relationships.
He feels it is essential to keep lines of communication open to maintain a healthy relationship.
He also believes that couples should make time for each other, and date nights are a must!
Frist is an overall family man.
He thinks that families are the backbone of society, and he loves spending time with his wife and kids.
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Thomas Frist Jr. is a businessman, philanthropist, and former politician who significantly impacted the American healthcare system.
His father, Thomas Frist Sr., was a successful physician and businessman.
In 1968, former Air Force flight surgeon Thomas Frist Jr. and his father established Hospital Corp. of America.
You’re almost there—but you’re not quite done yet…
After finishing high school, he attended Vanderbilt for two years before moving to the University of Maryland. There, he received his medical degree in 1964.
After completing his medical training, he served as a captain in the U.S. Air Force from 1965 to 1967.
He then returned to Nashville to join his father’s medical practice. In 1972, he co-founded the hospital corporation HCA with Jack Massey.
HCA became the largest for-profit healthcare company in the world, and Frist became a billionaire.
Woah!
In 1994, he was elected to the U.S. Senate as a Republican from Tennessee.
He served two terms and was chairman of the Senate Majority Leader from 2003 to 2007. After the 2006 election, he decided not to run again.
Since leaving the Senate, Frist has been active in business and philanthropy.
He is the CEO of Cressey & Company, a private equity firm specializing in healthcare investments.
He is also chairman of the board of directors of Teach for America.
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Thomas Frist Jr. made headlines in 2017 when it was revealed that he had been caught up in many scandals and controversies.
The first scandal came to light when it was revealed that Frist had used his position as CEO of a major healthcare company to profit from the opioid epidemic.
It was alleged that Frist knew that the company was selling addictive painkillers to people who didn’t need them and that he did nothing to stop it.
Uh-oh.
This scandal led to calls for Frist’s resignation from the healthcare company, but he refused to step down.
The second scandal involving Frist came to light when it was revealed that he had an affair with a married woman.
The woman in question was also the wife of a close friend of Frist, which made the situation even more scandalous.
Wait…there’s more.
The affair was revealed when the woman’s husband found out about it and confronted Frist.
Following a fight between men, Frist was taken into custody.
The third scandal involving Frist came to light when it was revealed that he had been stalling an inquiry into his son’s business practices by utilizing his influence as a senator.
It was alleged that Frist was hoping to help his son avoid being charged with wrongdoing.
These three scandals led to calls for Frist’s resignation from the Senate, but he refused to step down.
He eventually announced that he would not seek re-election in 2018 and retired from politics.
How Thomas Frist Jr Spends His Money
Thomas Frist Jr is one of the richest people in America. He’s also one of the biggest spenders.
Take a look at the ways in which he spends his wealth.
Frist loves to travel. He often takes his family on vacation to exotic locations like the Bahamas and Fiji.
He also enjoys flying his private jet to different parts of the world.
Frist is a big fan of art. He has an extensive art collection that includes paintings by Monet and Picasso.
He also owns several sculptures by artists like Henry Moore and Auguste Rodin.
Frist enjoys spending time at his luxury homes. He has properties in Nashville, Palm Beach, and Aspen.
He also owns a yacht that he uses for vacations and business trips.
We’re not through yet…
Frist is a generous philanthropist. His charitable donations total millions of dollars. He also supports many causes, including education and healthcare.
He is a high-profile businessman. He frequently speaks with prestigious magazines and appears in the media.
He sits on the boards of directors of other businesses.
Frist is a very active person. In addition to his work and philanthropic pursuits, he enjoys playing tennis and golf.
He also loves to sail and has an extensive collection of boats.
Thomas Frist Jr Houses
Thomas Frist Jr House is a beautiful home in Nashville, Tennessee. The home was built in 1892 and is one of the oldest homes in the city.
Many prominent persons have lived at the house, including Thomas Frist Jr, who was a doctor and founding member of the Nashville Predators hockey team.
Damn…
The house is now a museum and is open to the public for tours.
He owns several properties around the world, but his primary residence is a beautiful estate in Tennessee.
Here are some facts about Frist Jr’s home that will make your jaw drop:
The property spans over 1,000 acres.
There are 12 bedrooms and 12 bathrooms.
The home has an indoor pool, movie theater, and tennis court.
The grounds include a lake, a golf course, and hiking trails.
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Thomas Frist Jr’s private jet collection is the envy of aviation enthusiasts worldwide.
The former CEO of HCA, one of the largest healthcare companies in the US, has an impressive fleet of jets that he uses for both business and pleasure.
Frist’s collection includes a Gulfstream V, a Bombardier Challenger 604, and a Boeing 757-200.
He owns many smaller jets, including a Cessna Citation Excel and a Hawker 400XP.
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Thomas Frist Jr. has always been a generous man. He’s given his time, energy, and resources to help others in need.
But it’s his philanthropy that has made a difference in the lives of others.
Through his foundation, the Thomas Frist Jr. Foundation, he has donated millions to causes he cares about.
He has also set up scholarships and programs to help those in need.
But Thomas Frist Jr.’s philanthropy doesn’t just stop there.
He devotes time and effort to helping others. He volunteers with various organizations and helps out at local schools and charities.
He even started his own nonprofit, the Frist Center for Autism, which provides support and resources for families affected by autism.
Thomas Frist Jr.’s philanthropy is truly inspiring. He’s a man who cares about making a difference in the lives of others.
And that’s something we can all learn from.
You probably know that Thomas Frist Jr. was a co-founder of the HCA, one of the largest for-profit hospital chains in the world.
But were you aware that his name is also associated with bizarre facts?
Here are just a few of them:
He once donned a Santa Claus costume and drove about on an ATV while distributing gifts to kids in need.
He is a huge fan of country music and even has his own Nashville-based record label.
5 Lessons From Thomas Frist Jr
- You don’t have to be born into wealth to achieve financial freedom. Thomas Frist Jr. is living proof of that.
- Making smart, disciplined choices with your money is the key to financial success.
- You can’t achieve financial freedom if you’re saddled with debt.
- Investing is a crucial part of building wealth and achieving financial security.
- Planning for the future is essential to maintaining financial stability and achieving your long-term goals.
Top 3 Quotes From Thomas Frist Jr
FAQs: Frequently Asked Questions
What was Thomas Frist Jr’s favorite food?
Since Frist Jr. is known to like a range of cuisines, there is no clear-cut response to this query. But among his preferred cuisines are reportedly prime rib, sushi, and Italian food.
What was Thomas Frist Jr’s favorite hobby?
Frist Jr. enjoyed many hobbies, but some of his favorites were golfing, playing tennis, and skiing. In addition, he was an enthusiastic art collector.
What is Thomas Frist Jr’s net worth?
Thomas Frist Jr.’s net worth is estimated at around $17.1 billion. He gained wealth by making a variety of investments, real estate and his work as a co-founder of the hospital chain HCA.
What was Thomas Frist Jr’s education?
Frist Jr. attended Princeton University, earning a bachelor’s degree in psychology. He afterward moved on to Vanderbilt University to obtain his medical degree.
Conclusion: Thomas Frist Jr Net Worth
I hope your trip down memory lane with Thomas Frist Jr. As can be seen, he enjoyed great success both in business and as a benefactor to the community.
He was also a wonderful family man who cherished the time he got to spend with his wife and their children.
I am confident that you would concur with us that he was a motivational person.
I hope you enjoyed reading this article. You might also be interested in Rhett And Link Net Worth.
