What is Jimmy Haslam’s net worth in 2021?
See how much the billionaire Cleveland Browns owner Haslam is worth, how he made his money and acquired his sports empire.
James Arthur Haslam III is an American businessman who is also the Pilot Flying J truck stop chain chief executive officer.
Along with his wife, Dee, he co-owns the Colombus Crew SC of the Major League Soccer and the Cleveland Browns of the National Football League.
His business success has always put him in the center spot of attention.
How did Jimmy Haslam make his money?
Haslam III’s business career started at Pilot Corporation, which was founded by his father, Jim Haslam II.
Haslam II started Pilot Oil Corporation in October 1958 along with his wife, Cynthia.
The named Pilot had been chosen based on an insurance ad Haslam II had once seen.
A month into the company’s birth, its first filling station was bought at the Gate City, Virginia, for $6,000.
It had four fuel pumps and sold cigarettes and soft drinks.
Close to a decade into the establishment of Pilot Corporation, the company had grown and achieved tremendous success, having a dozen operating stations.
However, it was struggling in debt; hence, 50% of its stake was sold to Marathon.
In 1974, Haslam II’s wife died, and Haslam III replaced her on the company’s board of directors.
By 1995, he became the chief executive officer of the company.
In 2010, the company merged with a truck stop chain company, Flying J, and formed Pilot Flying J.
The Pilot Corporation was Haslam III’s first business endeavor and breakthrough.
How did Jimmy Haslam acquire the Cleveland Browns?
Earlier on, before becoming the Cleveland Browns owner, Haslam had a minority interest in Pittsburgh Steelers.
However, in 2012, he reached an agreement to buy the Browns with then-owner Randy Lerner for $1 billion.
As of that time, the franchise was valued at $977 million as stated in the Forbes magazine and ranked 20th in the NFL.
Since NFL rules prevented multiple team’s ownership, Haslam sold his interest in the Steelers.
Afterward, he purchased Cleveland Browns.
What is Jimmy Haslam’s Net Worth?
Jimmy Haslam’s net worth is valued at $2.9 billion as of 2021.
Forbes ranked him 295 on its 400 richest Americans list and 764 on the world’s billionaire list in 2020.
You May Like:
Jimmy Haslam’s Sports Empire
Haslam boasts of a lucrative sports empire in the NFL (National Football League) and MLS (Major League Soccer).
He owns Cleveland Browns of the NFL, which is currently valued at $2.35 billion.
In the MLS scene, Haslam owns the Columbus Crew SC.
He had bought the club from Anthony Precourt in late 2018 and finalized the deal on January 1, 2019.
|Net Worth:||$2.9 Billion|
|Full Name:||James Arthur Haslam III|
|Born:||March 9, 1954, Knoxville, TN, U.S.|
|Age:||69 years old|
|Wife:||Dee Haslam (m. 1976)|
|Children:||Whitney Haslam Johnson, James E. Oakley III, Cynthia Haslam Arnholt|
|Education:||St Petersburg High School, Webb School of Knoxville, University of Tennessee|
|Source of Wealth:||Gas stations, retail, sports franchise|
Earnings from gas stations, retail, and sports franchise ownerships have seen Jimmy Haslam’s net worth increase from $2.7 billion in 2019 to $2.9 billion in 2021.
You May Like: