3 Superrich Persons in Kentucky

Just Go

https://img.particlenews.com/image.php?url=1l1nfn_0ZezzrP700
Christine Roy / Unsplash

Horse racing, bourbon distilleries, car production, tobacco, and college basketball are all common in Kentucky. Horse racing is a $4 billion enterprise in Kentucky, with the Kentucky Derby Run for the Roses bringing in more than $400 million in revenue per year. More than 500 motor vehicle-related facilities hire 100,000 people in the state. Kentucky manufactures the third-largest number of automobiles in the United States. In 2016, Kentucky became the 27th state to enact right-to-work legislation.

John Schnatter

In 1985, two years after graduation from Ball State University, Schnatter opened the first Papa John's restaurant, delivering pizza on the side.

In his father's tavern in Jeffersonville, Indiana, he sold his first pies out of a converted broom closet.

With over 3,300 stores in the United States and another 1,700 internationally, Papa John's is currently America's third-largest pizza chain.

He has starred in advertisements for Papa John's alongside NFL great Peyton Manning, and his organization sponsors the Super Bowl.

B. Wayne Hughes

B. Wayne Hughes created the self-storage firm Public Storage in 1972 and has made a fortune saving Americans' extra belongings since then.

He founded American Homes 4 Rent, a publicly held real estate investment trust (REIT) that owns and leases out nearly 53,000 single-family homes in 22 states, in 2011.

Hughes retains less than 1% of Public Storage stock after gifting the majority to his daughter Tamara Hughes Gustavson and son Wayne Hughes Jr.

The corporation generates $2.2 billion in revenue, mostly from its 2,000 self-storage facilities around the world. Shurgard, the company's European subsidiary, went public in 2018.

Hughes was named as the unidentified $400 million donor to his alma mater, the University of Southern California, by the Los Angeles Times in September.

The Brown Family

Brown-Forman Corp., owned by the Brown family, makes some of the world's most well-known alcoholic beverages, including Jack Daniel's whisky and Finlandia vodka.

George Garvin Brown, a pharmaceutical salesman, formed the firm in 1870 with $5,500 in deposits and borrowed funds.

In 1890, he formed a partnership with his accountant George Forman and called the company Brown-Forman; after Forman's death in 1901, Brown purchased his shares.

The Brown family controls roughly half of the publicly held company, and George Garvin Brown IV, a 5th-generation family member, chairs the board of directors.

In 2016, the company became the only large liquor company to launch a whiskey barrel-making plant, capitalizing on the small-batch whiskey trend.

Those have been the only three billionaires (families) according to the Forbes list. Who else do you know from Kentucky that is super-rich?

Sources:

https://www.forbes.com/profile/brown/?sh=2f06919f5814

https://www.forbes.com/places/ky/?sh=439604fe2bbc

https://www.forbes.com/profile/b-wayne-hughes/?sh=7b9695302b07

https://www.forbes.com/profile/john-schnatter/?sh=3d6a66a527d2

Comments / 0

Published by

Local City Guides mainly for the state of California

California State
27916 followers

More from Just Go

Comments / 0