Mr. Crown is survived by his spouse, 4 youngsters, and his mother and father.

James Crown, an American businessman, billionaire investor, and longtime JPMorgan Chase director, died Sunday in a automobile racing accident in Colorado whereas celebrating his seventieth birthday, CNN reported. As per The Colorado Sun, Mr. Crown died within the single-vehicle crash after colliding with an affect barrier at Aspen Motorsports Park in Woody Creek.

“The official cause of death is pending autopsy although multiple blunt force trauma is evident,” the Pitkin County Coroner’s Office stated in a information launch. His method of dying has been dominated as an accident.

Notably, Mr Crown was a frequent customer to Colorado ski nation and his household owns the Aspen Skiing Co., an operator of mountain and ski space services based mostly in Aspen. 

”The Crown household is deeply saddened by the sudden passing of Jim Crown. The household requests that their privateness be revered at this troublesome time. Further particulars concerning plans for a memorial to recollect Jim’s outstanding life will probably be launched at a later date,”  a household spokesperson advised the Aspen Times in a press release. 

Mr. Crown was the CEO and president of his household’s enterprise, the funding agency Henry Crown and Company, from which he inherited his roughly $10.2 billion fortune. Founded in Chicago in 1919, the privately-held operation began as a family-owned constructing materials enterprise. “Through hard work and perseverance,” the corporate grew into one of many largest privately held companies and land builders within the United States, in keeping with its web site. 

He was additionally a director of a number of corporations together with JPMorgan, General Dynamics, and Sara Lee.  In 2014, President Barack Obama appointed Crown to the President’s Intelligence Advisory Board. Last week, he additionally attended the White House State Dinner final week honouring Prime Minister Narendra Modi.

Mr Obama stated he and spouse Michelle have been heartbroken over his dying. He tweeted, ”Jim Crown was a pillar of Chicago who cared deeply about making our metropolis a spot the place everyone can thrive. Michelle and I have been additionally very fortunate to name him an expensive pal. We’re heartbroken at the moment, and we ship our like to Paula and their great household on this troublesome time.”

Jim Crown was a pillar of Chicago who cared deeply about making our metropolis a spot the place everyone can thrive. Michelle and I have been additionally very fortunate to name him an expensive pal. We’re heartbroken at the moment, and we ship our like to Paula and their great household on this troublesome time. pic.twitter.com/IWLLd1IYtF

— Barack Obama (@BarackObama) June 26, 2023

“We extend our deepest condolences to Jim’s family and loved ones during this incredibly difficult time. Our thoughts are also with all of you who knew and loved Jim, as much as I did. He was an integral part of JPMorgan Chase and our lives, and his presence will be deeply missed,” Jamie Dimon, CEO of JPMorgan Chase, stated in a press release. 

Mr. Crown is survived by his spouse, 4 youngsters, and his mother and father.