Okay, this is one of the MLM success stories that is about the founder of a MLM company. Kenny Troutt was the founder of Excel Communications, a Texas-based telecommunications company which climbed to the pinnacle of MLM success and made Mr. Troutt a billionaire. Troutt became a billionaire in 1998 when Excel was sold to Teleglobe for $3.5 billion. As of 2014, his net worth was approx. US$1.5 billion.
Born in the late 1940’s, Kenny was the son of a bartender. He did attend college, but only because of his own hard work selling insurance while he attended. Kenny remembers what it was like to be poor and that keeps him working smart and hard even now that he is super rich.
He now owns a lot of real estate along with being a race horse owner. He has owned horses who have won the Kentucky Derby and the Belmont Stakes. Troutt owns Winstar Farm, a thoroughbred horse farm in Versailles, Kentucky. 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. Troutt is a major Republican donor, and has contributed to American Crossroads, Rick Perry, Rick Santorum, etc. Troutt’s son, Preston, has also donated to Republican Party candidates.