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Kenny Troutt currently has a net worth of $1.41 billion. He founded the Excel Communications which is a telecommunications company based in Texas, the Excel Communications. The company makes use of multi-level marketing scheme to offer its main product which is the long distance phone service. Troutt became an instant billionaire after selling Excel Communications to Teleglobe for only $3.5 billion. After selling Excel, he reinvested in horses, stocks, and bonds. He has an estimated net worth of $1.35 billion, according to Forbes.
Kenny Troutt is a son of a bartender. He studied in Southern Illinois University and paid his tuition with his money earned from selling insurance. Today, Kenny Troutt is now actively involved in horse racing. Just last year, two of his favorite horses have won the Belmont Stakes and Kentucky Derby.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2018 |
Asset |
Estimated value of Kenny Troutt's Triple Crown Winner Justify's stud fees |
$60,000,000 |
|
2017 |
Earning Turned Donation |
Donation to the Episcopal School of Dallas to help move the Lower School to the main campus on Merrell Road |
$1,500,000 |
|
2017 |
Asset |
Purchase value of Kenny Troutt's seven-bedroom mansion in Dallas, Texas |
$17,400,000 |
|
2016 |
Asset |
Purchase value of the American Thoroughbred racehorse named Justify |
$500,000 |
|
2013 |
Earning Turned Donation |
Annual budget for the youth basketball team the Texas Titans to ensure an unparalleled experience |
$3,000,000 |
|
2010 |
Event |
Money Kenny Troutt's horse American Lion won in three of his seven career races |
$413,600 |
|
1998 |
Asset |
The merging of Kenny Troutt's Excel Communications, a Texas-based telecommunications company that used multi-level marketing to offer long distance phone service to Teleglobe |
$3,500,000,000 |
|
1998 |
Earnings |
Annual revenue of Kenny Troutt's Dallas-based Excel Communications through an Amway-style army of independent sales representatives |
$1,500,000,000 |
|
1998 |
Asset |
A merger between Kenny Troutt's Dallas-based Excel Communications and Teleglobe of Montreal to jump-start its plans to expand worldwide |
$3,100,000,000 |