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Medical doctor served as Air Force surgeon before founding Hospital Corp. of America with father in 1968. Merged with Columbia Healthcare in 1994; now nation's largest hospital owner. Pulled out of semiretirement to handle lengthy Medicare-fraud investigation 1997. Stepped down again this year.

Other Lists:
Frist, Thomas F Jr	# 293 on World's Richest People 2002 , # 363 on World's Richest People 2001 , On Executive Pay 2000 , On Executive Pay 1999 , # 149 on Forbes 400 2003 , # 113 on Forbes 400 2002 , # 123 on Forbes 400 2001 , # 368 on Forbes 400 2000

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Methodology: For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 7, 2003.