Rank #1706
Mark Hancock
Net worth $2.5B
Nursing facilities · United States
- Born
- May 01, 1975
- Age
- 51
- Source
- Nursing facilities
- Residence
- Mountain Green, Utah
- Citizenship
- United States
- Marital status
- Married
- Children
- 0
- Education
- Bachelor of Science in Engineering, Brigham Young University; Master of Business Administration, Brigham Young University
Net worth over time
Biography
- Mark Hancock is the cofounder and executive vice chairman of Utah-based PACS Group, a publicly traded firm that operates skilled nursing facilities.
- He cofounded PACS Group with fellow billionaire Jason Murray in 2013 and the pair took the company public on the New York Stock Exchange in 2024.
- PACS Group started with two skilled nursing facilities and has since expanded to 315 facilities in 17 states in the U.S.
- Hancock and Murray each owned 50% of PACS Group before the IPO; Hancock now owns nearly 35% of the company's shares.
- Before starting PACS, Hancock worked as an analyst at Ford, as a director at a steel company and as treasurer of a financial services firm.
- In 2024, Hancock's private investment firm PV3 acquired Utah-based bicycle manufacturer ENVE Composites for $20 million.
Financial assets
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