Jim Crane Net Worth

What is Jim Crane’s net worth? How does Jim Crane make his money? Below is the current net worth of Jim Crane and how he makes his money.

What is Jim Crane’s net worth?

Jim Crane is an American businessman who has a net worth of $2.5 billion. He amassed his massive wealth initially from the logistics industry and later made his second fortune when he became the owner of the Houston Astros baseball franchise.

Early Life

James Robert Crane, notably known as Jim Crane, was born in Dellwood, Missouri. He enrolled at Central Missouri State University, where he earned a degree in industrial safety. After his studies, he served at an insurance company. Jim Crane saw the need for expansion in his career, which made him migrate to Texas in the early 1980s.

Career

He established Eagle USA Airfreight in 1984 with a $10,000 loan from his sister. Eagle USA Airfreight would later become Eagle Global Logistics. Eagle Global made headlines in 1995, and it employed over 100,000 people and generated annual revenues in the hundreds of millions.

The Equal Employment Opportunity Commission charged Eagle with discriminating against black, Hispanic, and female employees. According to the EEOC, Crane rejected the hiring of black workers because he thought his existing racist staff would treat them differently. In 2001, the cases were resolved with a $9 million settlement.

Eagle Financial Group settled claims of fraud, price-fixing, profiteering, and paying bribes in connection with the Iraq war by paying the US Government $4 million in 2006. The business purportedly overcharged the government by over $1 million in fictitious “war risk fees.”

In 2007, there was a merger between EGL and CEVA Logistics; during this time, Jim Crane owned 17.6% of the company’s shares.

Added to this, Jim Crane has progressively diversified his career; he is a versatile entrepreneur. Jim Crane is being rated as one of the top-ranked CEO golf players in the world. Jim Crane is the founder of the National Golf Club and has received an honor from Golf Digest by being rated the No. 1 CEO golfer.

Real Estate

Over the years, Jim Crane acquired a Pebble Beach home worth $5.5 million. He listed this opulent mansion for sale in 2017 at a price of $37.9 million. As of this writing, the house is still on the market, and Jim Crane has reduced the initial asking price of the house to $25 million.

Personal Life

In 2017, Jim Crane married his wife, Whitney Crane. Together, they have three children.

While we always strive to ensure that our figures are as accurate as possible, please note that they are only estimates unless otherwise indicated.

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