Jimmy Haslam is a well-known American businessman and a sports executive. Haslam is currently working as the chairman of the board of the Pilot Flying J truck Shop chain. Also, He is the owner of the Cleveland Browns in the NFL and Columbus Crew SC in the MLS.
Jimmy Haslam was born James Arthur Haslam III on March 9, 1954, in Knoxville, Tennessee. He is among the two children born to James Arthur Haslam Jr and his wife, Cynthia Haslam. Jimmy has a brother Bill Haslam American billionaire businessman and politician, who served as the 49th Governor of Tennessee from 2011 to 2019. After graduating from High School, Jimmy enrolled at the University of Tennessee.
As per the sources, Jimmy Haslam has an estimated net worth of $4.8 Billion. Haslam has earned most of his hefty fortune from his successful career in his investment at Pilot Flying J's franchise and family business. His father started the company at $6,000 in 1958. In 2017, Berkshire Hathaway bought 39% of the company shares for a reported $2.8 Billion and will be acquiring another 41% by the end of 2023.
Jimmy lifted his Knoxville Mansion for sale in 2015 SOURCE: Realtor Haslam's company has an annual revenue of $30 billion. The company's annual sales were about $50 million when he joined back in 1975. In 2012, Jimmy invested most of his net worth, and Haslam became the majority stakeholder of the Cleveland Browns for roughly $990 million. The company's valuation has risen to $1.2 Billion in 2021.
Some Facts About Jimmy Haslam's Wealth Sources
In 2018, The American Billionaire bought a reasonable stake in Major League Soccer club Columbus Crew SC. The team won the 2020 MLS League and his first title win as a franchise owner. Robert Kraft is another famous American Billionaire with a net worth of $6.9 Billion and the New England Patriots owner.
Jimmy tied his wedding knot with his longtime girlfriend, Dee Bagwell. The love birds walked down their wedding aisle on December 11, 1976, in a private wedding ceremony in Jimmy's hometown. As both the couple are private they didn't share photos, or videos about their wedding and have kept their romantic life private till now both of them enjoy their married life with their family.
Jimmy along with his wife Dee SOURCE: Cleveland They had been dating for some time before their marriage. Jimmy and Dee welcomed two biological children, Whitney Haslam Johnson, and Cynthia Haslam Arnholt, and adopted Bagwell Haslam in 2016. The couples are the proud grandparents of six grandchildren. They own two-family houses in Tennessee and Ohio. They separated their time living in the places.
Jimmy started working in his father's company in 1976. At the end of 1980, Haslam was named vice president of sales, development, and operations. In 2012, Pilot Flying J acquired Western Petroleum and the majority owner of Maxum Petroleum. Pilot Thomas Logistics is one of the fastest-growing energy logistics companies in North America.
Jimmy Haslam is the chairman of Pilot Flying J, a truck stop company that was founded by his father in 1958 when he purchased a gas station in Virginia for $6,000. The company has grown to over 800 locations across North America and generates approximately $26 billion in revenue annually. Haslam joined the company's board in 1975 when he was only 20 and still a senior at the University of Tennessee. At the time, Pilot's annual sales were around $50 million.
In 2017, Berkshire Hathaway acquired 39% of Pilot for a reported $2.8 billion, with plans to acquire another 41% by 2023. Meanwhile, Haslam's stake in the Cleveland Browns has proved to be a profitable investment. In 2012, he became the majority stakeholder of the team for roughly $990 million. Today, his stake is worth almost $2.2 billion. In July 2020, Pilot announced that Haslam would step down as CEO and transition to chairman in January 2021.
In summary, Jimmy Haslam's net worth is largely tied to his role as chairman of Pilot Flying J, a truck stop company that generates billions of dollars in annual revenue. Additionally, his ownership stake in the Cleveland Browns has proven to be a profitable investment, increasing his overall net worth significantly. Despite stepping down as CEO of Pilot in 2021, Haslam continues to play an active role in both companies.
