James Arthur Haslam was born on March 9, 1954, in Knoxville, Tennessee. Jimmy’s first job was as vice president of sales, development, and operations at Pilot Corporation in 1976. With its headquarters in Knoxville, the chain of truck stops would become one of the biggest businesses in the U.S. Pilot opened its first travel center in 1981.
By the time Haslam became president and CEO of the company in 1996, it was running 96 travel centers and 50 convenience stores. Pilot Travel Centers LLC was made when Pilot Corporation joined Marathon Ashland Petroleum LLC in 2001. CVC Capital Partners bought 49.8% of Pilot Travel Centers LLC in 2008, but Pilot still owned 50% of the company. Read the article below to know the Net Worth of Jimmy Haslam.
Jimmy Haslam: Net Worth
Jimmy Haslam is a businessman, philanthropist, and owner of an NFL team in the United States. His estimated net worth is $4 billion. He is the CEO of the Pilot Flying J chain of truck stops and the owner of the Cleveland Browns and Columbus Crew of the NFL and MLS, respectively.
In 1958, his father launched the business with only $6,000, and since then, it has grown substantially. Berkshire Hathaway reportedly acquired 39% of the company’s shares for $2.8 billion in 2017 and expects to acquire the remaining 41% by the end of 2023.
Haslam’s company has an annual revenue of $30 billion, a significant increase from its yearly sales of $50 million when he joined in 1975. In 2012, Jimmy used the majority of his wealth to purchase the Cleveland Browns for around $990 million and become the team’s main owner. The company’s valuation has increased to $1.2 billion as of 2021.
In 2018, the American billionaire made another major investment, acquiring a substantial share in the Major League Soccer club Columbus Crew SC. This investment paid off as the team won the MLS League championship in 2020, marking Haslam’s first championship as a franchise owner. Notable is the fact that the New England Patriots are owned by Robert Kraft, another well-known American billionaire with a net worth of $6.9 billion.
Jimmy and Dee Haslam paid $4.2 million in 2012 for a Bratenahl mansion on the southern shore of Lake Erie in Cleveland. On 3.2 acres, the 14,660-square-foot house is set. In 2015, the couple put their $4.9 million mansion in Knoxville, Tennessee, on the market.
Jimmy Haslam: Sports Ownership
Jimmy Haslam is a prominent American businessman and sports team owner who has made his mark in both the National Football League (NFL) and Major League Soccer (MLS) (MLS). Let’s examine Haslam’s journey as a sports team owner and his accomplishments in the world of sports in greater detail.
Jimmy Haslam acquired a minority stake in the Pittsburgh Steelers in 2008. However, his ambition was to own an NFL team. In 2012, he realized his dream by purchasing the Cleveland Browns for $1 billion from Randy Lerner. Forbes magazine valued the Browns at $977 million in 2011, ranking them twentieth in the NFL.
As of the conclusion of the 2020 regular season, Haslam’s record as team owner was 44-94-1 since he took over the Browns in 2012. Haslam had his first winning season in 2020 when the Browns went 11-5 and won their first postseason game under his ownership. In 2017, the Browns went 0-16. The journey of Haslam as an NFL team owner has not been without obstacles. The NFL rules prohibit ownership of multiple teams, prompting Haslam to sell his Steelers stake.
The NFL’s 32 teams unanimously approved Haslam’s purchase of the Browns on October 12, and the sale was finalized thirteen days later.
Anthony Precourt sold the Major League Soccer team Columbus Crew to Jimmy Haslam at the end of 2018.
The deal was finished on January 1, 2019, and Haslam, his wife Dee, and Pete Edwards, who used to be the team doctor, became the new owners of the club. Haslam has done a great job as the owner of the Columbus Crew. In 2020, the team won the MLS Cup, which was Haslam’s first major sports championship as an owner.
The success of the team can be credited to Haslam’s leadership and his willingness to put money into the club’s infrastructure and players.
Donations and Honors
Jimmy Haslam stayed involved in his home state of Tennessee by serving on the boards of United Way of Greater Knoxville and Anderson Media Corporation. He was also the honorary chair of the campaign committee for the Boys & Girls Clubs of Cleveland. In 2007, he was inducted into the Junior Achievement of East Tennessee Business Hall of Fame.
In 2010, Ernst & Young named him the Southeast Entrepreneur of the Year. In 2013, the University of Tennessee gave him the Distinguished Alumnus Award to show how proud they were of him. Jimmy helped start the Haslam Scholars Program at the University for students who do well in school.
Susan “Dee” Haslam, the wife of Jimmy Haslam, was a classmate at Webb School in Knoxville, Tennessee. Here is where they first met, and in the spring of 1976, they began dating. They got married in December of that year and have been together ever since.
Jimmy and Dee Haslam are the parents of three children. Prior to adopting their third child, James, in 2016, their first two children, Whitney and Cynthia, were born.
Besides their children, the couple has five grandchildren. The Haslams have extensive roots in Tennessee, where they are well-known. Bill Haslam, Jimmy’s older brother, is also a major figure in the state. Bill is a successful businessman and politician who served from 2011 to 2019 as the Governor of Tennessee.
Jimmy Haslam is a rich businessman, a generous person, and the owner of a sports team in the United States. His impressive $4 billion net worth shows how good he is at business and entrepreneurship. As CEO of Pilot Flying J, he is in charge of one of the country’s biggest chains of truck stops.
Also, the fact that he owns the Cleveland Browns and the Columbus Crew shows how much he loves sports and wants to invest in his local communities. Haslam’s efforts to help charities have also made a positive difference for many of them. Overall, Jimmy Haslam’s accomplishments are a great example for people who want to start their own businesses or become leaders in their communities.