Forrest Preston

Forrest Preston has capitalized on America's aging population. As sole shareholder and chairman of Life Care Centers of America, Preston heads one of the largest health care management companies in the U.S., operating skilled nursing homes, assisted living facilities and retirement living communities. He reportedly first got into the long-term care industry when he opened Garden Terrace Convalescent Center in Cleveland, Tennessee, in 1970. Building upon its success, Preston launched the Life Care Centers of America management company six years later. His stake in the almost $3 billion (estimated sales) company is worth ten figures.