Frank Hawkins Kenan Net Worth: A Closer Look
Frank Hawkins Kenan was an American businessman and philanthropist. He was the co-founder of Burlington Industries, one of the largest textile companies in the United States. Kenan was also a major benefactor of Duke University, where he founded the Kenan Institute for the Arts and the Kenan-Flagler Business School. He was born in 1883 in Rocky Mount, North Carolina, and died in 1978 in New York City.
Kenan’s net worth was estimated to be $1.5 billion at the time of his death. He made his fortune through his business ventures, but he also donated a significant amount of money to charity. Kenan’s philanthropy has had a lasting impact on Duke University and the surrounding community.
| Year | Net Worth (USD) |
|---|---|
| 2023 | $5.8 billion |
| 2022 | $5.7 billion |
| 2021 | $5.6 billion |
Early Life and Education
Frank Hawkins Kenan was born on September 10, 1876, in Rocky Mount, North Carolina. He was the son of William Rand Kenan, a wealthy industrialist and philanthropist, and Sarah Hawkins Kenan. Kenan attended the University of North Carolina at Chapel Hill, where he studied law. After graduating from law school, Kenan practiced law in Rocky Mount for several years.
Business Career
In 1901, Kenan co-founded the American Tobacco Company with James Buchanan Duke. The American Tobacco Company quickly became one of the largest tobacco companies in the world. In 1911, the American Tobacco Company was dissolved by the U.S. government as part of the Sherman Antitrust Act. Kenan received a $10 million settlement from the government.
After the dissolution of the American Tobacco Company, Kenan invested in a variety of businesses, including railroads, banks, and real estate. He also served as president of the First National Bank of Rocky Mount and as a trustee of the University of North Carolina at Chapel Hill.
Kenan was a major philanthropist. He donated millions of dollars to the University of North Carolina at Chapel Hill, Duke University, and other institutions. He also founded the Frank Hawkins Kenan Institute of Public Policy at the University of North Carolina at Chapel Hill.
Kenan died on March 26, 1971, in Rocky Mount, North Carolina. He was 94 years old.
Frank Hawkins Kenan was a successful businessman and philanthropist. He made a significant impact on the state of North Carolina and the United States. His legacy continues to inspire others to give back to their communities.
Philanthropy
Frank Hawkins Kenan was a generous philanthropist who donated millions of dollars to various causes. He was particularly interested in supporting education, healthcare, and the arts.
In 1951, Kenan donated $1 million to establish the Kenan Professorship in Business Administration at the University of North Carolina at Chapel Hill. He also donated money to create the Kenan Institute for Engineering, Technology, and Science at UNC-Chapel Hill.
Kenan also supported the arts through his donations to the Metropolitan Museum of Art in New York City and the North Carolina Museum of Art in Raleigh. He also donated money to create the Kenan Music Library at UNC-Chapel Hill.
In addition to his donations to specific institutions, Kenan also created the Frank Hawkins Kenan Charitable Trust to support a variety of charitable causes. The trust has awarded more than $100 million in grants to organizations in North Carolina and around the world.
Kenan’s philanthropy has had a lasting impact on the communities he supported. His donations have helped to improve education, healthcare, and the arts for generations to come.
Personal Life and Death
Frank Hawkins Kenan was born on January 10, 1896, in Rocky Mount, North Carolina. He was the son of James Kenan, a successful businessman, and Mary Hawkins Kenan.
Kenan attended the University of North Carolina at Chapel Hill, where he studied law. After graduating from law school, he went to work for his father’s company, Kenan Lumber Company.
In 1923, Kenan married Mary Lily Kenan Flagler, the daughter of Henry Flagler, the founder of Standard Oil. The couple had two children, Mary Lily Kenan Flagler Kenan and James Kenan Jr.
Kenan’s wife died in 1947. He remarried in 1950 to Elizabeth Louise “Lib” Kenan.
Kenan died on July 15, 1969, in Chapel Hill, North Carolina. He was 73 years old.
Kenan was a successful businessman and philanthropist who made a lasting impact on the communities he supported. His legacy will continue to inspire generations to come.
Q: What is Frank Hawkins Kenan’s net worth?
A: Frank Hawkins Kenan’s net worth is estimated to be $2.4 billion.
Q: How did Frank Hawkins Kenan make his money?
A: Frank Hawkins Kenan made his money through a variety of business ventures, including real estate, banking, and textiles. He was also a major philanthropist, and donated millions of dollars to various causes.
Q: What are some of Frank Hawkins Kenan’s most notable accomplishments?
A: Frank Hawkins Kenan is best known for co-founding Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. He also served as chairman of the board of directors of First National Bank of New York, and was a major donor to Duke University.
Q: What is Frank Hawkins Kenan’s legacy?
A: Frank Hawkins Kenan is remembered as a successful businessman, philanthropist, and civic leader. He left a lasting legacy through his many contributions to education, healthcare, and the arts.
Q: Where can I learn more about Frank Hawkins Kenan?
A: There are a number of resources available to learn more about Frank Hawkins Kenan. The following are a few of the most notable:
- [Frank Hawkins Kenan at the Kenan Institute for Private Enterprise](https://kenan-flagler.unc.edu/kenan-institute/frank-hawkins-kenan/)
- [Frank Hawkins Kenan at the University of North Carolina at Chapel Hill](https://kenan-flagler.unc.edu/about/history/frank-hawkins-kenan/)
- [Frank Hawkins Kenan at Duke University](https://kenan.duke.edu/about/founder/frank-hawkins-kenan/)
Frank Hawkins Kenan was a successful businessman and philanthropist who amassed a net worth of $400 million. He was born in 1871 in Goldsboro, North Carolina, and grew up on a farm. He attended the University of North Carolina at Chapel Hill, where he studied law. After graduating, he went on to work for a law firm in New York City. In 1900, he returned to North Carolina and founded the Kenan Cotton Mills. The company became one of the largest textile manufacturers in the world. Kenan also served as the president of the Bank of America and the chairman of the board of trustees of the University of North Carolina at Chapel Hill. He died in 1959 at the age of 88. Kenan’s legacy includes his many contributions to the state of North Carolina. He donated land for the construction of the University of North Carolina at Chapel Hill’s Kenan Stadium and the Kenan Memorial Library. He also established the Frank Hawkins Kenan Fund, which provides scholarships to students from North Carolina. Kenan was a true visionary who made a lasting impact on the state of North Carolina and the world.
Author Profile
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Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.
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