On Sunday, the day before he turned 70, multibillionaire businessman James “Jim” Crown was ki!!ed in a car accident at a motorsports park in Colorado.
According to the Colorado Sun, which cited the local coroner, Crown, a JPMorgan and General Dynamics board member, was ki!!ed after his automobile slammed into an impact barrier at Aspen Motorsports Park near Woody Creek.
“The official cause of death is pending autopsy although multiple blunt force trauma is evident,” the Pitkin County Coroner’s Office news release read. “The manner is an accident.”
Crown was the CEO and president of Henry Crown and Company, the investment company owned by his family and whence he received his estimated $10.2 billion fortune.
He divided his time between Chicago, where he lived most of the time and Colorado. He also held the position of managing partner of Aspen Skiing Co.
He has been a member of the JPMorgan board since the early 1990s.
“We extend our deepest condolences to Jim’s family and loved ones during this incredibly difficult time,” JPMorgan Chase CEO Jamie Dimon said in a statement. “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.”
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In 2014, former President Obama selected Crown to the Intelligence Advisory Board of his administration and referred to him as a “dear friend.”
In a statement released Monday, Obama said he and his wife Michelle were devastated by Crown’s passing.
“Jim was a pillar of Chicago, a prominent voice in the Jewish community, and a true civic leader who loved our city,” the former president and first lady said in a joint statement. “…He cared deeply about Chicago and making it a place where everyone could thrive — no matter who they are or what part of town they call home.”
Jim Crown was a pillar of Chicago who cared deeply about making our city a place where everybody can thrive. Michelle and I were also very lucky to call him a dear friend. We’re heartbroken today, and we send our love to Paula and their wonderful family in this difficult time. pic.twitter.com/IWLLd1IYtF
— Barack Obama (@BarackObama) June 26, 2023
Crown participated in civic activities in Colorado and Chicago.
He served as the Emeritus Chair of the Aspen Institute and as a Trustee for the University of Chicago, the Museum of Science and Industry, and the Civic Committee.
“He was so much more than the business or civic leader he will be remembered as — he was a dynamic and deeply devoted son, husband, father, brother, and friend,” the Obamas said. “We are just so lucky to have known him.”
Crown leaves behind his wife Paula, their four children, many grandchildren, and his parents.
“The Crown family is deeply saddened by the sudden passing of Jim Crown,” a family representative said in a statement to the media. “The family requests that their privacy be respected at this difficult time.”
The Pitkin County Sheriff’s Office, the Colorado State Patrol, and the coroner’s office are among the local organizations looking into the fatal collision.
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For almost 4 years, Jason Martin has been a freelance writer for newspapers, journals, blogs, books, and online material. He covers the most recent news as well as many other topics.