Self-Made Billionaire Kenny Troutt Went From Poor Childhood

We’re sure Celebrity Net Worth has a good self-made rugs-to-riches story and we’ve got a dose for you today. Kenny Trout grew up as the son of a bartender. His family was poor and from an early age, Trout was determined to reverse his situation. He worked his way through college and in 1988 founded a long-distance phone company called Excel. The company had more than a billion dollars of revenue in its first decade in business. Then, he sold the company in 1998 for $ 3.5 billion. Today, he is the sole owner of Winstar Farms, home to the 2018 Triple Crown Thoroughbred Racing winner Justify.

Kenny Trout was born in 1948 in Mount Vernon, Illinois. He is the eldest of three siblings. His father was a bartender and the family did not have much money. He worked from an early age to support his family and keep a few dollars in his pocket. After graduating from Mt. Vernon Township High School, he attended Southern Illinois University, where he worked to sell insurance to pay tuition. He graduated in 1971. He was brought to horse racing as a child by his uncle and immediately fell in love with it. While in college, he went on the run at Churchill Downs and was actually in the audience when the Great Secretariat won the Kentucky Derby. After graduating from college, Trout decided to follow his passion and set up his first horse farm called Landview in eastern Nebraska in the early 1980s. However, it will be over a billion before one billion and can actually be serious about horses and owning horses that run.

Kenny Trout (L) and Bill Casner (photo by Jamie Squire / Getty Image)

Trout had a background in network marketing when he and his partner Steve Smith founded Excel Communications, a long-distance telephone service, in 1988. For younger readers, we had to pay a premium to dial long distance calls, so people usually chose a long distance carrier to reduce those costs. Not only was Excel Communications one of the fastest growing companies in their industry, but they made the company public in 1996 across the US. It was the youngest company at the time to join the New York Stock Exchange, which was founded just eight. years before. In 1998, a decade after its founding (and would completely collapse the long-distance company industry), the company had more than a billion in revenue. Trout sold the business to Teleglobe for $ 3.5 billion that same year. He officially became a billionaire that year. He achieved one of his childhood dreams – he survived his circumstances and was no longer poor.

In 2000, Trout had the opportunity to purchase a 400-acre horse farm called Prestonwood in Kentucky. He seized the opportunity to make another dream of his childhood come true. He renamed the horse facility to Winstar Farms and set it up to be an excellent horse breeding and racing farm. Today, Winstar is a more than 2,700-acre farm that has had tremendous success with its horses. Justify won the 2018 Triple Crown, becoming the first Triple Crown winner for Trout and just 13Th Horse since 1919 to accomplish this feat. In addition, Trout and Winstar have a tie with another Triple Crown winner, as Winstar owns Neil’s Pioneer, which owns the 2015 winner (12).Th Triple Crown, winner of American Pharaoh). Other successful Winstar horses include Super Saver, 2010 Belmont Stakes winner and producer, 2017 Belmont Stakes winner.

On a personal front, Trout is a devout Christian who lives in Dallas with his wife Lisa. they have three children. He is a prominent donor of the Republican Party and has supported Rick Perry, Rick Santorum and Mitch McConnell over the years.

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