Kenny A. Troutt | |
Birth Place: | Mount Vernon, Illinois, U.S. |
Occupation: | Founder and former Excel Communications CEO |
Spouse: | Lisa E. Copeland |
Children: | 3 |
Footnotes: | Forbes ranked #1,222th richest person in the world (2014)[1] |
Kenny A. Troutt (born 1948) is an American businessman. He founded Excel Communications, a Texas-based telecommunications company that offered long distance phone service. Troutt became a billionaire in 1998 when Excel was sold to Teleglobe for $3.5 billion. As of 2023, his net worth was estimated at USD$ 1.5B.
Today, Troutt is the sole owner of WinStar Farm,[2] an elite 2,400 acre thoroughbred horse farm in Versailles, Kentucky. He is Chairman of Mt. Vernon Investments.[3] Troutt has won the Kentucky Derby twice, Preakness Stakes once, and the Belmont Stakes three times, including the 13th Triple Crown. He is the owner of Justify, the winner of the 13th Triple Crown. Some notable stallions from Winstar Farm include Super Saver, winner of the 2010 Kentucky Derby; Drosselmeyer, winner of the 2010 Belmont Stakes; Creator, winner of the 2016 Belmont Stakes; and Justify, winner of the 13th Triple Crown.[4] [5]
Troutt is a major Republican donor, and has contributed to American Crossroads, Rick Perry, Rick Santorum, and "Kentuckians for Strong Leadership", a super PAC backing Mitch McConnell.[6] Together with his spouse, Troutt contributed $1.7million to Donald Trump's 2020 presidential campaign.[7] As of April 19, 2022, Troutt has donated $1,409,651,[8] to Texas Republican candidates Greg Abbott, Ken Paxton, and Dan Patrick. Troutt's son, Preston, has also donated to Republican Party candidates.[9]
Troutt graduated from Southern Illinois University Carbondale in 1971, where he was a member of Tau Kappa Epsilon Fraternity.[10]
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.[11]