The annual magazine list of the richest Americans finds HCA hospital executive Dr. Tommy Frist Jr., and his family ranking as the richest in Tennessee with estimated holdings of $3.6 billion.
The 72-year-old Frist made the list just as HCA, which was privately owned for the past four years, made its return to Wall Street today with an initial stock offering that has raised a total of $3.78 billion.
Also, on the Forbes list was Martha Ingram and family, owners of Ingram Industries here. The 75-year-old Ingram came in No. 153 with an estimated worth of $2.4 billion.
Fred Smith, the 66-year-old top executive with Memphis-based FedEx, is No. 217 with $1.85 billion.
Microsoft’s Bill Gates and Berkshire Hathaway’s Warren Buffett head the new Forbes list with holdings of $54 billion and $45 billion, respectively.
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