Jim Crane Biography, Age, Career, Marital Status, Salary and Net Worth
This article will answer every question you have about Jim Crane. Below are some of the frequently asked questions about him.
- What does Jim do for a living?
- Who are Jim’s parents and siblings?
- What are Jim’s interests and hobbies?
- Is Jim married or does he have a girlfriend/ boyfriend?
- Does Jim have any children?
- Where is Jim now?
- How tall is Jim?
- How much money does Jim earn?
- What is Jim’s net worth?
N/B: Please read the entire post to have all your questions answered.
Who is Jim Crane?
James Robert Crane abbreviated as Jim Crane is a prominent American businessman from Houston, Texas. Moreover, he is a chairman and chief executive of Crane Capital Group, Crane Worldwide Logistics, and Crane Freight and Shipping. In addition, he is the chairman and owner of the Houston Astros of Major League Baseball.
How Old Is Jim Crane?
He is 68 years old as of May 2022, having been born on January 17, 1954, in Houston, Texas, U.S. Jim shares his birthdate with celebrities such as; Jake Paul, Betty White (1922-2021), Jim Carrey, Steve Harvey, Michelle Obama, and many more.
Jim Crane Family
Who are Jim Crane’s Parents?
He was born to fathers Stephen Crane Joseph and Stephen Crane. And Lana Turner (Mother)
Does Jim Crane have Siblings?
According to news on the internet, it shows that he has a sister from whom he borrowed $10,000. However, there is not much information regarding his sister’s name and whereabouts.
Jim Crane Education
He received his high school education at Lutheran High School North where he graduated in 1972. After high school, he attended the University of Central Missouri and earned a Bachelor of Science degree in industrial safety.
Jim Crane Marital Staus
He is married to the love of his life Whitney Crane. They married during the Memorial Day weekend in 2017. This is his third marriage. He was previously married to Franci Neely Crane from 1994 until 2015. He was also married to Theresa Kay Welch
Jim Crane Kids
He has three kids namely Jared Crane Krystal Thompson, and James Robert Crane II.
Jim Crane Career
A Career at Freight and Logistics
After graduating from college, he went into the insurance business. In 1980, he moved to Houston and in March 1984, he borrowed $10,000 from his sister and founded Eagle USA Airfreight, an air-freight logistics business. With time, Eagle USA Airfreight later became Eagle Global Logistics and EGL Inc. The company moved into the supply-chain management and information-services business. EGL in August 2017, merged with United Kingdom-based CEVA Logistics owned by American private equity capital management and leveraged-buyout firm Apollo Management L.P. About 17. 6% of EGL’s stock was owned by Jim at the time of the merger. Before the merger with CEVA, Jim wanted to do a leveraged, management, or combination buyout of EGL but was unable to obtain financing on acceptable terms. Later after he took equity backing, he initially offered $36 per share for EGL.
However, Apollo engaged in a bidding war and the shareholders eventually went with the Apollo/CEVA offer of $47.50 per share. And thus Jim is opposed to the EGL and CEVA merger. Nevertheless, he took profits from EGL and formed Crane Capital Group. Moreover, he also became a director and shareholder (less than 1%) in Western Gas Holdings, LLC, the general partner in Western Gas Partners, LP, a midstream (mainly pipelines and natural gas gathering assets) energy company operating in the southeastern Rocky Mountain region and southern Mid-Continent area (Oklahoma and Texas) of the United States. Gas Holdings and Western Gas Partners got acquired by Anadarko Petroleum. However, he is the majority shareholder in Crane Worldwide Logistics LLC, chairman for Cargojet, and director for both Nabors Industries and natural gas company Western Midstream.
A Career at Houston Astros
In 2008, is when he first attempted to become a baseball club owner, when he approached Drayton McLane about buying the team. However, at the last minute, he backed out before a handshake deal could be done. In both 2009, he made bids to buy a team (for the Chicago Cubs) and 2010 (for the Texas Rangers), but neither effort succeeded. Despite not purchasing a club, he reached an agreement to purchase the Houston Astros of Major League Baseball (MLB) from McLane for a reported $680 million in May 2011. On November 17, 2011, he was unanimously approved by MLB. Jim when he purchased the team, they were coming off a season in which they won only 56 games. However, this turned around during his tenure as owner as the Astros experienced a turnaround in which they had three consecutive 100-win seasons. This included a World Series victory in 2017.
A Career at Other Businesses
In 2017, he opened two restaurants in Houston, Osso and Kristall, and Potente named for his children. That year also, he started a commercial safety supply and training company called Crane Safety and acquired Davao. 2017 was also sufficient for him as he started a software company called Modiant to focus on digitizing freight and transportation management. He went on and became a partial owner in 2019 at Aperture Cellars, a winery in Sonoma County.
He was the largest donor in 1998 to a $1.2 million upgrade of the CMSU baseball stadium which was then named James R. Crane Stadium. In 2011 after buying the Astros, he began expanding the Astros Foundation by contributing donations and securing corporate partnerships. Under his leadership, the foundation had grown from $50,000 to $12 million as of 2017. The foundation’s Community Leaders Program in 2017 won MLB’s 2017 Allan H. Selig Award for Philanthropic Excellence.
The Astros ownership group and the Astros Foundation 2017 committed $4 million to Hurricane Harvey relief efforts. Jim donated $400,000 and 100,000 COVID test swabs and personal protective equipment to support local hospitals fighting the pandemic in 2020. He and the Astros 2020 raised $2.6 million for the Astros Foundation and New Hope Housing. The Astros in August 2021 hosted a drive to collect non-perishable food, diapers, and other supplies to areas in Louisiana impacted by Hurricane Ida.
Jim Crane Height and Measurements
Adding up to his well-built body is a height of 6ft 0inchse (1.83m) and a weight of 86kg (189lbs)
Jim Crane Salary and Net Worth
His salary is not dated on the internet but he has a net worth of $1.4 billion.