Brad Kelley Net Worth is$1.9 Billion
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Date of Birth: 1957
Nicknames: Brad Kelley
Brad Kelley net worth: Brad Kelley is an American businessman with an estimated net worth of $1.9 billion dollars which makes him one of the richest people in Nashville. Born in Franklin, Kentucky, Brad Kelley excelled academically all through high school, and purchased his first tract of land just after graduating. He enrolled at Western Kentucky University, but dropped out four times over the course of the next few years as his business interests took off, and never graduated. He began buying up old warehouses that were no longer being used to store tobacco in the early 80s, renovating them, and leasing them out. He stumbled across some old cigarette-making machines, and launched his own discount cigarette business, Commonwealth Brands, in 1991. Ten years later, he sold the business for $1 billion. He is not a smoker himself. He owns 71% of Kentucky Downs and a portion of Churchill Downs. He also owns multiple developments and large portions of land all over the United States, and is currently the fourth largest private landowner in the country.
Brad M. Kelley (born 1957) served as the CEO of Commonwealth Brands, a tobacco company, from 1991 to 2001.
Brad M. Kelley was born and raised in Franklin, Kentucky. In his youth, he was a secretary for the Future Farmers of America and a member of Who's Who Among American High School Students. He bought his first piece of land, a farm near his childhood home, at age 17, shortly after graduating from high school. He dropped out of Western Kentucky University four different times and never graduated.
Much of Kelley's early business was a response to changes in Kentucky's tobacco industry. Because of declining production, many old warehouses stood vacant in the 1980s. He started buying warehouses, converting them to other uses, and then leasing them out. During one conversion, he found some old cigarette-making machines that still worked. This gave him an opportunity to make consumer products, a business he had always wanted to enter. In 1991, he founded Commonwealth Brands, a tobacco company that manufactured discounted cigarettes, headquartered in Bowling Green, Kentucky. In 2001, he sold it to Houchens Industries for $1 billion. Interestingly, Kelley has never smoked, and he said in 2012, "Hopefully it [smoking] will be phased out of society."
In 2005, he was ranked as America's 258th richest person by Forbes Magazine, with a personal wealth of $1.3 billion. He owns 71% of the Kentucky Downs racetrack and holds minor stake in Churchill Downs, the venue of Kentucky Derby. In May 2012, he became the operator of the famous Calumet Farm in Lexington, leasing the farm from an investment trust. At the time of the deal, Kelley had other Thoroughbred breeding and racing operations; his horse Optimizer ran in the 2012 Kentucky Derby.
He also owns 1.25 million acres of ranching land across southwestern Texas, Florida, and parts of New Mexico, where he conserves black rhinos, white rhinos, pygmy hippos, okapi, anoas, impalas, white-bearded wildebeests, Nile lechwe,

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Brad Kelley Latest News

Nats' Shawn Kelley hopes his arm injury is not serious

Kelley was removed after throwing just three pitches ... The Orioles bullpen is a lot more reliable than Los Angeles’. Brad Brach, Mychal Givens and Darren O’Day were far better alternatives than any of the others that Roberts had.
Posted: October 14, 2016, 12:19 pm

Veilleux a regional champ for Rams

Kourtney Bruner finished 13th in the girls race, good enough to join both Veilleux and Kelley in running next week at the state meet. Brad Veilleux was 37th in the boys race, and Joshua Taing was 38th.
Posted: October 21, 2016, 8:56 pm

District 3 constable Wilson resigns; two EMS personnel recognized

Judge-Executive Steve Kelley read a letter of resignation he had received that morning from District 3 Constable Brad Wilson. Wilson has served since January 2015 and is resigning effective October 15. He called it an honor to be chosen by the voters but ...
Posted: October 14, 2016, 4:11 am
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