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Grizzly Bulls’ Billionaires Index

⬅ # 75 Lei Jun|# 77 Alexey Mordashov ➡

# 76 Thomas Frist Jr 

$24.8B

Real Time Net Worth
as of 12/22/2024
-$6.8M (-0.03%)

# 76 Thomas Frist Jr 

$24.8B

Real Time Net Worth
as of 12/22/2024
-$6.8M (-0.03%)
OccupationCofounder, HCA Healthcare
Source of WealthHospitals
Age86
ResidenceNashville, Tennessee
Marital StatusMarried
Children3
EducationBS, Vanderbilt University; Medical Doctor, Washington University
Age-Adjusted Net Worth$4.27B
Thomas Frist Jr
Thomas Frist Jr
United States
Net worth: $24.8B

Self-Made Score 

Breitling Superocean Heritage II Chronograph Automatic Blue Dial Men's Watch

Wealth History

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Biography

Overview

Thomas F. Frist Jr. was born on August 12, 1938, in Belle Meade, a western suburb of Nashville, to parents Thomas F. Frist Sr. and Dorothy Cate.
He grew up with four siblings, including physician and former U.S. Senate Majority Leader Bill Frist.
Frist attended Montgomery Bell Academy and played quarterback for MBA's state championship football team in 1956.
He later graduated from Vanderbilt University, where he was a member of the Vanderbilt chapter of Phi Delta Theta, and earned an MD from Washington University School of Medicine.
In 1968, Frist co-founded the Hospital Corporation of America (HCA) with his father and Jack C. Massey.
Frist's business career at HCA saw various leadership roles, including president in 1977, chairman, president, and CEO in 1987, and vice chairman in 1995.
He orchestrated the record-breaking $21 billion leveraged buyout in 2006, making it the biggest private equity–led IPO of all time. Frist stepped down from the board in 2009.
Apart from HCA, Frist served on the Board of Directors of IBM from 1984 to 1995 and was the chair of the Nashville Area Chamber of Commerce from 1999 to 2000. He co-founded the China Healthcare Corporation in 2008.
Frist is also involved in aviation as the president of Tomco II LLC, an aircraft company.

Career

Co-founder of Hospital Corporation of America (HCA) in 1968 with his father and Jack C. Massey.
Held various leadership roles at HCA, including president in 1977, chairman, president, and CEO in 1987, and vice chairman in 1995.
Orchestrated a record-breaking $21 billion leveraged buyout in 2006, making it the biggest private equity–led IPO of all time.
Served on the Board of Directors of IBM from 1984 to 1995.
Co-founded China Healthcare Corporation in 2008.

Philanthropy and Awards

Inducted into the Healthcare Hall of Fame.
Served as vice president of the Vanderbilt University board of trust from 1995 to 1997.
Recipient of the distinguished graduates award of Vanderbilt University.
Chairman of the Frist Foundation and the Frist Center for the Visual Arts.
Co-founder of the United Way Alexis de Tocqueville Society and served as chair of the board of governors for United Way of America.
Established the Dr. Thomas F. Frist Jr. Excellence in Volunteer Leadership Award of the United Way in 1996.
Received the United Way Lifetime Achievement Award in 2012.

Personal Life

Married to Patricia C. Frist from 1961 until her death in 2021.
Has three children, including sons Thomas Frist III and William Frist.
Resides in an $18-million house in Belle Meade, Tennessee.

Thomas Frist Jr's Wealth is Equivalent to:

19,099,307 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

4,694,418 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

253,564 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Thomas Frist Jr?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Thomas Frist Jr's net worth of $24.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 67.72% compared to 25.94% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Thomas Frist Jr is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Thomas Frist Jr, Hospitals is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey