James Crown died in a motor racing accident on his 70th birthday at Aspen Motorsports Park in Woody Creek, Colorado. Crown was a rich businessman and JPMorgan and General Dynamics board member. The Pitkin County Coroner’s Office reports that Crown died due to numerous injuries caused by blunt force when his car collided with an impact barrier. Crown inherited the 10.2 billion dollars of his fortune through his family’s company, the investment firm Henry Crown & Company, which he led as CEO and served as president during his lifetime. His principal residence was in Chicago, but he also maintained a house in Colorado, where he was a managing partner at Aspen Skiing Co. He split his time between the two states. As a trustee for a large number of organizations and as chair emeritus of the Aspen Institute, he was also able to make a significant contribution to the local communities in Chicago and Colorado. The local authorities are investigating the fatal accident, and the Crown family has requested privacy at this difficult time.
The US billionaire James Crown
Since the early 1990s, Crown has been an active participant on the board of directors of JPMorgan. Jamie Dimon, the CEO of JPMorgan Chase, has issued a statement expressing his condolences to Crown’s family and friends. He said that Crown was an essential component of JPMorgan Chase and their life and that they will miss him very much. In 2014, former President Obama appointed Crown to the position of member of the Intelligence Advisory Board. President Obama referred to Crown as a “dear friend.”
President Obama and First Lady Michelle Obama expressed their sadness at the passing of Crown, referring to him as a “pillar” of the city of Chicago and saying that he had devoted his whole life to making Chicago a better place for its citizens. He was a trustee for the University of Chicago, the Museum of Science and Industry, and the Civic Committee, among other organizations. In addition to that, he is the current chair emeritus of the Aspen Institute. According to the Obamas, Crown was an energetic and dedicated son, husband, father, brother, and friend. The Obamas acknowledged Crown for being much more than the business or civic leader he would be known as.
Crown was hailed for being much more than the corporate or civic leader he would be remembered as. Some of Crown’s loved ones, including his wife Paula, their four children, many grandchildren, and both of Crown’s parents, have died away. During this difficult moment, members of the Crown family have requested privacy. The investigation into the fatal accident includes participation from the Pitkin County Sheriff’s Office, the Colorado State Patrol, and the coroner’s office, all located in Colorado.
Details regarding the private Aspen racing track accident
At the elite Aspen Motorsports Park on Sunday, where James ‘Jim’ Crown was celebrating his 70th birthday, his vehicle was involved in an accident with an impact barrier. According to the Pitkin County Sheriff’s Office, Mr. Crown was a motor vehicle passenger involved in an accident at the Woody Creek racetrack, which resulted in fatal injuries. According to Chief Deputy Coroner Audra Keith, the autopsy findings have not yet been available. Despite this, she said that “multiple blunt force trauma is evident” and that the procedure was done accidentally.
Honors and tributes by his family members
The untimely death of Jim Crown, which occurred earlier today in an accident, has left his family in utter disarray. An anonymous family representative reportedly requested that the family’s privacy be respected during this difficult time, as reported by the Aspen Times. At a later time, more details on the memorial service that is now being organized to celebrate the amazing life of Jim will be made available to the public. In an interview with the Chicago Sun-Times, Lester Crown, Crown’s father, offered his thoughts. When they were attempting to negotiate a corner, he was behind the wheel of a racing car, and it collided with a barrier. There has never been a better example of a human being in the history of the world. He was the mental and emotional leader of the home and was responsible for caring for everyone in the family.
Billionaire Investor and JPMorgan Board Member James Crown
Crown made headlines earlier this month when he committed to utilizing his national authority to help decrease crime in his hometown of Chicago by forming a coalition with other local entrepreneurs. Because of his immense wealth, the Commercial Club of Chicago appointed him chairman of its Civic Committee. Forbes ranked the tycoon’s family at number 34 on its list of the richest families in the United States in 2020, based on an estimated worth of 10.2 billion dollars. He had high hopes that his plan would reduce the number of homicides in Chicago by 50 percent during the next five years.
According to comments that Crown made to the Chicago Sun-Times on Wednesday, the Civic Committee “has not been involved in matters about public safety in the past.” I say this with the utmost humility: we came into the conversation rather late. We have only lately started to understand the relevance of a few different notions. Crown said, “You’ve got altruism.” On the other hand, there is also the concept of “enlightened self-interest,” which comprises the aspiration “I want to be safe. I want my workers to come to work. I want the tourists to patronize my business, whatever that may be.”
The Civic Committee conducted research and interviews with city leaders over six months, including former Mayor Lori Lightfoot, former Chicago Police Superintendent David Brown, and former Cook County Sheriff Tom Dart. The authorities interviewed were also current and former Chicago Police Superintendent Eddie Johnson. The committee’s strategy was to invest in low-income communities, develop employment opportunities in high-crime areas, and give substantial financial support for initiatives that reduce acts of violence. This year’s research indicates that Chicago has the highest murder rate of any city in the United States for the eleventh year. Chicago achieved this achievement.
The Aspen Times reports that Crown also served on the directorships of General Dynamics Corporation, JPMorgan Chase, the Museum of Science and Industry, the Civic Committee, and the University of Chicago. He was active in organizations such as the American Academy of Arts and Sciences, the Illinois State Bar Association, and the Intelligence Advisory Board during the administration of President Obama.
Tributes by Chicago Mayor Brandon Johnson
Brandon Johnson, the mayor of Chicago, is quoted as saying that he was “devastated” to learn of Crown’s death, according to a statement that Johnson sent to CBS Chicago after his passing. Johnson stated that he contributed to the city through philanthropy and leadership on several civic and academic boards. He said: “Jim, with his generosity, truly embodied the soul of Chicago.” Following a recent discussion, he said, “I was especially appreciative of his commitment to work with my administration to build a safer Chicago.” Forbes has estimated that the Crown family’s wealth would be worth 10.2 billion dollars in 2020. The only members of Crown’s family now alive are his wife Paula and their four children.