James Crown, a billionaire and board member of JPMorgan Chase, died in a automobile crash Sunday after fatally colliding with an affect barrier on the Aspen Motorsports Park in Woody Creek, Colorado, based on The Colorado Solar. It was his seventieth birthday.
Crown, who attended the White Home State Dinner final week in honor of Indian Prime Minister Narendra Modi, is being remembered by the wealthy and highly effective.
“Jim lived an awesome Chicago story — one which tied our nation’s industrious previous to an ever-hopeful future,” President Joe Biden wrote Monday. “He grew up the great-grandson of a sweatshop employee whose son turned a construction-supply firm into an empire.”
“All through his personal profession as a enterprise and civic chief, Jim continued to drive that legacy ahead, carry out the very best in his friends, and assist form the town he cherished,” Biden continued, calling Crown “a very good man, a pricey pal, and an awesome American.”
Whereas the official reason behind loss of life is pending, the Pitkin County Coroner’s Workplace mentioned in a information launch that “a number of blunt power trauma is clear” and that the way of loss of life was unintended.
Crown, whom Forbes valued at $10.2 billion in 2020, had lived in rarified air. The enterprise journal ranked him thirty fourth in America’s Richest Households in 2020.
The native Chicagoan spent numerous time in Colorado and held enterprise and civic positions in each states, per CNN. Crown owned the Aspen Snowboarding Co. and was chairman emeritus of the Aspen Institute board. In Illinois, he was a trustee of the Museum of Science and Trade, the Civic Committee and the College of Chicago.
It was solely final week that Crown helped the Civic Committee, a nonprofit with a mission “to make our area a greater place for everybody,” launch an initiative to boost tens of tens of millions of dollars to cut back the Chicago crime charge, based on CBS Information.
Crown was not solely tied to the world’s greatest financial institution — having served on JPMorgan’s board for the reason that Nineties — however was board director at protection company Basic Dynamics. In 2014, he was appointed to the President’s Intelligence Advisory Board by then-President Barack Obama.
“We prolong our deepest condolences to Jim’s household and family members throughout this extremely tough time,” Jamie Dimon, fellow billionaire and CEO of JPMorgan Chase, instructed CNN. “Our ideas are additionally with all of you who know and cherished Jim, as a lot as I did.”
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