#1684
Jim Crane
Overview
- Source of Wealth
- Logistics, baseball
- Industry
- Sports
- Residence
- Houston, Texas
- Education
- Central Missouri State University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Biography
Jim Crane led an investment group that paid $615 million in 2011 for MLB's Houston Astros and a minority stake in a regional sports network.
The value of the team has quadrupled since Crane's acquisition. Crane owns an estimated 40% stake.
Crane pocketed more than $300 million when he sold his freight logistics firm Eagle Global Logistics to Apollo Global Management in 2007.
Crane launched another logistics business, Crane Worldwide, in 2008; annual revenue is more than $900 million.
Crane owns the Floridian National Golf Club, whose members include former presidents Barack Obama and George Bush.