James Crown, a billionaire and board member of JPMorgan Chase, died in a automobile crash Sunday after fatally colliding with an have an effect on barrier on the Aspen Motorsports Park in Woody Creek, Colorado, in keeping with The Colorado Solar. It used to be his seventieth birthday.
Crown, who attended the White Space State Dinner remaining week in honor of Indian Top Minister Narendra Modi, is being remembered via the wealthy and strong.
“Jim lived an ideal Chicago tale — person who tied our country’s industrious previous to an ever-hopeful long term,” President Joe Biden wrote Monday. “He grew up the great-grandson of a sweatshop employee whose son grew to become a construction-supply corporate into an empire.”
“All through his personal profession as a industry and civic chief, Jim endured to pressure that legacy ahead, convey out the most productive in his friends, and lend a hand form town he beloved,” Biden endured, calling Crown “a excellent guy, a pricey good friend, and an ideal American.”
Whilst the authentic reason for loss of life is pending, the Pitkin County Coroner’s Administrative center mentioned in a information unlock that “more than one blunt pressure trauma is obvious” and that the style of loss of life used to be unintentional.
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Crown, whom Forbes valued at $10.2 billion in 2020, had lived in rarified air. The industry mag ranked him thirty fourth in The united states’s Richest Households in 2020.
The local Chicagoan spent numerous time in Colorado and held industry and civic positions in each states, in line with CNN. Crown owned the Aspen Snowboarding Co. and used to be chairman emeritus of the Aspen Institute board. In Illinois, he used to be a trustee of the Museum of Science and Trade, the Civic Committee and the College of Chicago.
It used to be most effective remaining week that Crown helped the Civic Committee, a nonprofit with a undertaking “to make our area a greater position for everybody,” release an initiative to boost tens of thousands and thousands of greenbacks to scale back the Chicago crime fee, in keeping with CBS Information.
Crown used to be now not most effective tied to the sector’s greatest financial institution — having served on JPMorgan’s board because the Nineteen Nineties — however used to be board director at protection company Basic Dynamics. In 2014, he used to be appointed to the President’s Intelligence Advisory Board via then-President Barack Obama.
“We prolong our private condolences to Jim’s circle of relatives and family members all through this extremely tricky time,” Jamie Dimon, fellow billionaire and CEO of JPMorgan Chase, informed CNN. “Our ideas also are with all of you who know and beloved Jim, up to I did.”