Kenny Troutt Net Worth: Unveiling His Billion-Dollar Journey

Information
Net Worth	$1.5 Billion
Date of Birth	1948
Place of Birth	Illinois
Profession	American Businessman, Founder of Excel Communications
Height	5 ft 6 in(171 cm)
Gender	Male
Spouse	Lisa E. Copeland
Children	3
Nationality	United States of America

Kenny Troutt, at 75 years old, is a well-known American businessperson and sports enthusiast. He was born in 1948 in Mount Vernon, Illinois, to a family with limited financial means. As the eldest of three siblings, Kenny faced the challenge of supporting his family and funding his education. To make ends meet, he began working at a young age, even selling insurance while in college.

Famous For

Kenny Troutt is famous for creating the telecommunications firm, Excel Communication, in 1988. He didn’t stop at building a successful business; he ventured into investments, particularly in stocks, bonds, and horses. Kenny’s achievements extend to sports as well, as he sponsors his two sons’ nationally competitive youth basketball teams. He is also the proud owner of WinStar Farm in Versailles, Kentucky, which houses hundreds of horses, including the 2016 Belmont Stakes winner, Creator. Kenny Troutt’s involvement in the thoroughbred racing world is significant, serving as a trustee of TOBA (Thoroughbred Owners and Breeders Association) and on the board of directors for the Breeders Cup. Additionally, he owns Super Saver, the horse that clinched victory at the 136th Kentucky Derby.

Career & Achievements

Kenny Troutt’s path to success had its share of ups and downs. While pursuing his Bachelor of Arts degree at Southern Illinois University, he began selling insurance and managed to earn $75,000 in his graduation year. This early success set the stage for his future endeavors. Initially, Kenny ventured into the construction business, but his passion for horses led to significant expenditures, ultimately leading to financial difficulties.

In 1982, he made a move to Texas, where he started selling oil leases. This venture significantly improved his financial standing, pushing his net worth to $200,000. With this capital, he founded Excel Communication in 1988. Excel Communication, specializing in long-distance communication, quickly rose through the ranks, becoming the fourth-largest long-distance carrier in America from its initial ranking of 432nd. Notably, it became the youngest company to list on the New York Stock Exchange.

In 1998, Kenny Troutt sold Excel Communication to Teleglobe, another telecommunications company, for a remarkable $3.5 billion. This transaction catapulted him into the billionaire’s league.

Post the sale of his company, Kenny diversified his investments into bonds, horses, and various business ventures. Currently, he serves as the CEO of Mount Vernon Investments Inc., a family-owned company. His passion for horse racing led to the acquisition of Prestonwood Farm in Kentucky in 2000. In recognition of his contributions to horse racing, Kenny received a White Horse Award.

Kenny’s love for sports extended beyond the racetrack, as he founded the highly successful youth basketball team known as Titans in 2005, providing his sons with opportunities to excel in the sport. His philanthropic efforts also include being a major Republican donor, and supporting causes like American Crossroads, Rick Santorum, and Kentuckians for strong leadership.

Lifestyle and Expenses

Kenny Troutt and his family reside in a lavish 13,000-square-foot estate in Dallas, Texas. Moreover, he owns and manages a vast 2,400-acre thoroughbred horse breeding and racing farm in Versailles, Kentucky, named WinStar Farm.

Family

Kenny Troutt was previously married, with a divorce in 1982. He later married Lisa Copeland when he was 45 years old, while she was 29. The couple has been blessed with two sons, Preston and Grant Troutt, and a daughter, Savannah Troutt. They currently call Kenny’s mansion in Dallas, Texas, their home.

Net Worth Figure and Rankings

As of the latest available information, Kenny Troutt’s net worth stands at an astounding $1.5 billion. His journey to this remarkable financial status began with the founding of Excel Communications, a Texas-based telecommunications company that utilized a multi-level marketing scheme to offer long-distance phone services. The pivotal moment in his wealth accumulation came when he sold Excel Communications to Teleglobe for $3.5 billion. Post the sale, Kenny diversified his wealth through investments in horses, stocks, and bonds.

Controversies/Financial Challenges

Kenny Troutt’s life story is one of triumph over adversity. From a challenging childhood to a self-made billionaire, he’s faced financial struggles and worked relentlessly to secure a prosperous future. His journey is a testament to the power of hard work and determination.

Conclusion

Kenny Troutt’s journey from humble beginnings to billionaire status is a story that inspires and motivates. Through relentless effort, entrepreneurial spirit, and a passion for horses and sports, he has achieved tremendous success. Kenny Troutt’s wealth and philanthropic contributions make him a prominent figure in the business and sports world.

FAQs

1. How did Kenny Troutt make his money?

Kenny Troutt amassed his wealth through the founding and subsequent sale of Excel Communications, a telecommunications company, for a staggering $3.5 billion. He diversified his investments into horses, stocks, and bonds, contributing to his current net worth of $1.5 billion, as estimated by Forbes.

2. What does Kenny Troutt do?

Kenny Troutt is a multifaceted figure. He is renowned for founding Excel Communications, a telecommunications company, and later selling it for $3.5 billion. Today, he manages a vast thoroughbred horse breeding and racing farm named WinStar Farm in Versailles, Kentucky. He also actively supports youth basketball as the founder of the successful Titans team and is a major Republican donor, contributing to various political causes.

3. What is the age of Kenny Troutt?

Kenny Troutt is currently 75 years old.

Featured Image Credits: Photo by Simon Bruty/Getty Images