Thomas Frist, Jr.
Health care

Thomas Frist, Jr. Net Worth

Thomas Frist Jr. was born on August 12, 1938 in Nashville, Tennessee, United States. He is the co-founder of Hospital Corp. of America (HCA) with his father in 1968, and took it public for the third time in 2011. His sons Thomas III and William are board members of HCA, which owns and operates over 170 hospitals in 20 U.S. states and London. In 2016, HCA settled a shareholder lawsuit for $215 million and agreed to review its governance structure.
Thomas Frist, Jr. is a member of Health care

Age, Biography and Wiki

Birth Day August 12, 1938
Birth Place Nashville, Tennessee, United States
Age 85 YEARS OLD
Birth Sign Virgo
Residence Belle Meade, Tennessee, U.S.
Education Vanderbilt University; Washington University in St. Louis
Occupation Businessman
Spouse(s) Patricia C. Frist
Children 2 sons (Thomas F. Frist, III and William R. Frist), 1 daughter (Patricia Frist Elcan)
Parent(s) Thomas F. Frist Sr.
Relatives Bill Frist (brother) Charles A. Elcan (son-in-law)

💰 Net worth: $20.2 Billion (2024)

Thomas Frist Jr., widely recognized as a pioneer in the healthcare industry in the United States, is estimated to have a net worth of $20.2 billion in 2024. His immense wealth can be attributed to his significant contributions and achievements as a healthcare entrepreneur and business magnate. With a steadfast commitment to improving the accessibility and quality of healthcare services, Frist Jr. played a pivotal role in co-founding Hospital Corporation of America (HCA), one of the largest and most respected healthcare management organizations in the country. As a renowned figure in the healthcare field, Frist Jr.'s net worth highlights his remarkable success and enduring impact on the American healthcare landscape.

2009 $2 Billion
2010 $3.6 Billion
2011 $2.8 Billion
2012 $4 Billion
2013 $5 Billion
2014 $7.6 Billion
2015 $8.7 Billion
2016 $7.9 Billion
2017 $8.8 Billion
2018 $9.77 Billion

Famous Quotes:

You always win when you surround yourself with good people.

Biography/Timeline

1938

Thomas F. Frist Jr. was born on August 12, 1938. His Father was Thomas F. Frist Sr., a prominent internal Medicine specialist in Nashville. His mother was Dorothy Cate. He has four siblings: physician and former U.S. Senate Majority Leader Bill Frist; Dr. Robert A. Frist; Dorothy F. Boensch; and Mary F. Barfield.

1956

Frist grew up in Belle Meade on the west side of Nashville. He attended Montgomery Bell Academy, a Nashville prep school for boys. In 1956, Frist played quarterback for MBA's state championship football team. Frist's halfback on the team was Frank Drowota, who became the chief Justice of the Tennessee Supreme Court. Frist graduated from Vanderbilt University and received an MD from Washington University in St. Louis. He was a brother of the Vanderbilt chapter of Phi Delta Theta. He served as a FLIGHT surgeon in the United States Air Force.

1968

In 1968, he co-founded the Hospital Corporation of America with his Father, Thomas F. Frist Sr., and Jack C. Massey.

1977

In 1977, he became President of HCA and, in 1987, chairman, President and chief executive officer (CEO). He served as chairman in 1994, after the merger with Columbia, and after the merger with HealthTrust Inc. in April 1995, as vice chairman. He returned as chairman and CEO of the company in 1997 after the resignation of Rick Scott.

1984

From 1984-95, he served on the board of Ddirectors of IBM. He was the chair of the Nashville Area Chamber of Commerce from 1999-2000. He is a member of The Business Council. In 2008, he co-founded the China Health care Corporation with Charles A. Elcan. They have Business interests in Cixi, China. He is President of Okeechobee Hospital Inc. and Galen Of Florida Inc.

1995

He was inducted into the Health care Hall of Fame. He served as vice President of the Vanderbilt University board of trust from 1995 to 1997. He is a recipient of the distinguished graduates award of Vanderbilt University. He is chairman of the Frist Foundation and the Frist Center for the Visual Arts. He is a member of the Nashville Public Library Foundation.

1996

He was a co-founder of the United Way Alexis de Tocqueville Society. He also served as chair of the board of governors for United Way of America. 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.

2000

Frist is President of Tomco II LLC, an aircraft company. In 2000, Scott Mercy, chairman and CEO of LifePoint Hospitals Inc. and chairman of America Service Group Inc., died in a crash. Similarly, in 2006, another aircraft belonging to Frist crashed.

2001

He was chairman and CEO until January 2001 and chairman until January 2002. In 2006, he took private equity Investments in Bain Capital, Kohlberg Kravis Roberts and Merrill Lynch for $21 billion. He holds the record for the biggest leveraged buyout of all time and biggest PE-led IPO of all time. In 2009, he stepped down from the board of Directors, and his son, Billy Frist, joined the board. Frist was replaced as Chairman by Jack Bovender.

Some Thomas Frist, Jr. images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.