1. What is Kemmons Wilson Net Worth?
Kemmons Wilson was an American entrepreneur, businessman, and philanthropist. He was the founder of Holiday Inn, a chain of hotels that revolutionized the hospitality industry. At the time of his death in 2003, Kemmons Wilson had an estimated net worth of $2.5 billion dollars. He was ranked by Forbes as one of the wealthiest people in the world and had amassed a fortune through his business ventures and investments.
Kemmons Wilson’s success story began when he returned to Memphis after graduating from college in 1936. He started working as a real estate developer and builder for his father’s company, The Wilson Company. In 1952, after taking a family vacation to Washington D.C., Kemmons became frustrated with the lack of quality accommodation available for families traveling on holiday or business trips. This inspired him to found Holiday Inn with his partner Wallace E. Johnson.
2. Kemmons Wilson Early Life
Kemmons Wilson was born on September 5th 1913 in Memphis, Tennessee to parents Clyde and Ruby Wilson who owned The Wilson Company which developed residential properties across the city of Memphis. He attended Central High School and later enrolled at the University of Mississippi’s business school where he graduated with a degree in business administration in 1936.
3. Kemmons Wilson Career
Kemmons’ career began when he returned to Memphis after graduating from college in 1936 and started working as a real estate developer and builder for his father’s company, The Wilson Company. In 1952, after taking a family vacation to Washington D.C., Kemmons became frustrated with the lack of quality accommodation available for families traveling on holiday or business trips so he decided to create something better himself; this inspired him to found Holiday Inn with his partner Wallace E Johnson that same year in Memphis, Tennessee with just one location – The first Holiday Inn opened its doors on August 1st 1952 and quickly became an instant success due to its clean rooms and affordable prices which attracted many customers from all over America who wanted quality accommodation without breaking their budget – something that had not been done before by any other hotel chain at that time!
The success of Holiday Inn continued throughout the 1950s and 1960s as it expanded rapidly throughout America thanks to its innovative franchising system which allowed local entrepreneurs to open up their own Holiday Inn locations without having to invest large sums of money into building new hotels from scratch – this allowed them access into markets they would otherwise not be able to reach due to high start-up costs associated with building new hotels from scratch! By 1968 there were already over 1000 locations across America alone making it one of the largest hotel chains in history!
4 Kemmons Wilson Biography
Kemmons is considered one of America’s greatest entrepreneurs due to his innovative approach towards hotel franchising which revolutionized how people stayed on holiday or traveled for business purposes around America – something which has now become common practice throughout much of the world today! His legacy lives on through his sons Jack C., William B., David P., Thomas H., Robert M., Charles W., Jr., James R., John K., Paul G., Richard L., Tom S., Michael J., Scott H., Mark E..and also through numerous charitable foundations such as The KemmonsWilson Family Foundation which carries out various projects aimed at helping those less fortunate than themselves including providing educational opportunities for underprivileged children throughout Tennessee!
5 kemmons wilson Height & Weight
Kemmon’s height was 6 feet tall (183 cm) while his weight was approximately 170 pounds (77 kg).
6 Date Of Birth Of kemmons wilson
Kemmon’s date of birth is September 5th 1913.
7 kemmons wilson Nationality
Kemmon’s nationality is American