Kenny Troutt
| Kenny A. Troutt | |
|---|---|
| Born |
1948 Mount Vernon, IL, U.S. |
| Occupation | Founder and former Excel Communications CEO |
| Spouse(s) | Lisa E. Copeland |
| Notes | |
|
Forbes ranked #1,222th richest person in the world (2014)[1] | |
Kenny A. 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. Troutt became a billionaire in 1998 when Excel was sold to Teleglobe for $3.5 billion. As of 2014, his net worth was approx. US$1.5 billion.[1]
Troutt is a major Republican donor, and has contributed to American Crossroads, Rick Perry, Rick Santorum,[2] and "Kentuckians for Strong Leadership", a super PAC backing Mitch McConnell.[3] Troutt's son, Preston, has also donated to Republican Party candidates.[2]
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. The teams have an annual budget of $3 million.[4]
Troutt owns WinStar Farm, a thoroughbred horse farm in Versailles, Kentucky.[1]
Sources
- The Excel Phenomenon by James Robinson, Bantam Doubleday. Inc
References
- 1 2 3 "#1222 Kenny Troutt". Forbes. Retrieved 26 October 2014.
- 1 2 Slater, Wayne (16 July 2012). "Romney reports more than $13 million raised in Texas". The Dallas Morning News. Retrieved 1 December 2013.
- ↑ Clozel, Lalita (17 October 2014). ""Grassroots" Groups Flooded with Big Donor Cash in Third Quarter". Center for Responsive Politics. Retrieved 26 October 2014.
- ↑ Melby, Caleb (15 July 2013). "Billionaire Kenny Troutt Founded America's Most Indulgent, Most Successful Youth Basketball Team". Forbes. Retrieved 26 October 2014.