Forrest Preston, born in 1928, began his career in the most unlikely of places – a small-town hardware store in Tennessee. Raised in the heart of the Great Depression, Preston learned the value of hard work and ingenuity from a young age. His first job was at his father’s store, where he honed his skills in customer service and developed a keen eye for what people needed and wanted.

Preston’s big break came in 1956 when he invented the first metal detector. He was inspired by the countless stories of buried treasure and lost valuables, seeing an opportunity to create a device that could help people find what they’d lost. With a background in electronics, he tinkered and experimented in his garage until he perfected his design. The rest, as they say, is history.

Forrest Preston’s Current Net Worth (2025)

As of 2025, Forrest Preston’s net worth is estimated to be around $2 billion, according to the latest available information. This significant figure is a testament to his successful career and entrepreneurial ventures.

Career

Forrest Preston is renowned for his role as the founder and former CEO of American Resort Holdings (ARH). He established ARH in 1988 and grew it into one of the largest timeshare companies in the world. Preston’s leadership and strategic vision were instrumental in ARH’s success, making him a prominent figure in the hospitality industry.

Other Ventures

Beyond ARH, Preston has been involved in various other ventures. He is a co-founder of the Preston Hotel Group, which owns and operates several luxury hotels. Additionally, he has invested in real estate and technology startups, demonstrating his diversified business acumen.

Assets

Preston’s assets include a substantial real estate portfolio, comprising luxury homes and investment properties. He also owns a private jet and has investments in various businesses, reflecting his broad investment strategy. Notably, he has donated to several charitable causes, indicating his commitment to giving back to the community.

Annual Income

While Forrest Preston’s annual income is not publicly disclosed, it is estimated to be in the tens of millions of dollars. This is primarily due to his business ventures, investments, and other income streams. However, it’s important to note that this figure can fluctuate year to year based on various factors.

Frequently Asked Questions about  Forrest Preston

Frequently Asked Questions about Forrest Preston

1. What is Forrest Preston’s net worth?

Forrest Preston’s net worth is estimated to be around $500 million.

2. How did Forrest Preston make his fortune?

Forrest Preston made his fortune as the founder and former CEO of American Aquarium Products, Inc., a company that specializes in the production and distribution of aquariums and aquarium supplies.

3. When was Forrest Preston born?

Forrest Preston was born on December 20, 1936.

4. Where was Forrest Preston born?

Forrest Preston was born in Nashville, Tennessee.

5. What is Forrest Preston’s educational background?

Forrest Preston graduated from the University of Tennessee with a degree in business administration.

6. When did Forrest Preston found American Aquarium Products, Inc.?

Forrest Preston founded American Aquarium Products, Inc. in 1968.

7. What is the headquarters of American Aquarium Products, Inc.?

The headquarters of American Aquarium Products, Inc. is located in Franklin, Tennessee.

8. What is Forrest Preston’s role in American Aquarium Products, Inc. currently?

Forrest Preston currently serves as the Chairman of the Board of American Aquarium Products, Inc.

9. What are some of Forrest Preston’s philanthropic efforts?

Forrest Preston has been involved in various philanthropic efforts, including supporting the University of Tennessee and the Nashville Zoo.

10. What are some of Forrest Preston’s awards and recognitions?

Forrest Preston has received several awards and recognitions, including being inducted into the Nashville Business Hall of Fame and receiving the Ernst & Young Entrepreneur of the Year Award.