Kenny Troutt’s profile picture

Kenny Troutt

Kenny Troutt’s profile picture
Net worth 2018: $1.41 Billion
Industry: Telecom
Residence: Dallas, Texas
Country: United States
BirthDay: 1948
Children: 3
Education: Bachelor of Arts / Science, Southern Illinois University
BIOGRAPHY

Kenny Troutt was bornon 1948 in Dallas, Texas, United States. Kenny Troutt is #1625 in List Billionaires People In The World. Kenny Troutt founded long-distance phone company Excel Communications in 1988. A bartender's son, he began his career selling life insurance and used the funds to pay for his tuition at Southern Illinois University. Troutt took Excel public in 1996 and, two years later, merged it with Teleglobe in a $3.5 billion deal. He reinvested the profits in stocks, bonds and horses. He sponsors his two sons' nationally competitive youth basketball teams, which integrate disadvantaged families with middle and upper-class ones. Troutt also enjoys horse racing and owns WinStar Farm in Versailles, Ky., which houses anywhere from 300-500 horses, including the 2016 Belmont Stakes winner Creator.

NET WORTH STATISTIC
2009

$1 Billion

2010

$1.1 Billion

2011

$1.2 Billion

2012

$1.2 Billion

2013

$1.2 Billion

2014

$1.3 Billion

2015

$1.45 Billion

2016

$1.3 Billion

2017

$1.4 Billion

2018

$1.41 Billion

TIMELINE
2005

In 2005 Troutt started the first of three youth basketball teams, known as the Titans, for his sons and the son of a business partner

1998

Troutt became a billionaire in 1998 when Excel was sold to Teleglobe for $3

1948

Troutt (born 1948) was the founder of Excel Communications, a Texas-based telecommunications company that used multi-level marketing to offer long distance phone service

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