William T. Young

William T. Young (February 15, 1918 – January 12, 2004) was an American businessman and major owner of thoroughbred racehorses.

William T. Young attended the University of Kentucky where he was a member of the Sigma Alpha Epsilon fraternity. Young graduated with high distinction in 1939 with a Bachelor of Science in mechanical engineering. After a short employment with Bailey Meter in Cleveland, Ohio, he served as a captain in the United States Army from 1941 to 1945.

Business career

After the War he was living in Philadelphia but in 1946 returned to his native Lexington where he founded W. T. Young Foods, Inc. that made "Big Top" brand peanut butter. He developed the business into one of the leading producers of peanut butter in the United States. After he sold the company to Procter & Gamble in 1955, it was renamed Jif peanut butter. William Young continued to manage the peanut butter manufacturing operation for Procter & Gamble until 1957, at which time he founded W. T. Young Storage, Inc.