• About
  • Advertise
  • Careers
No Result
View All Result
RichAthletes
  • Footballers
  • Soccer
  • Basketball
  • Golf
  • Media Personalities
  • Fitness
  • WAGS
  • Contact Us
  • Footballers
  • Soccer
  • Basketball
  • Golf
  • Media Personalities
  • Fitness
  • WAGS
  • Contact Us
No Result
View All Result
RichAthletes
No Result
View All Result
Home People

Jimmy Haslam Net Worth- How Rich Is He And How He Spends His Fortune

February 3, 2022
in People
Jimmy Haslam

image source

Share on FacebookShare on Twitter
  • Jimmy Haslam is an entrepreneur who carried on the legacy of his parents. With good investments, he built a great business empire.
  • Worth about $4 billion, he is very generous with his benevolence and never misses an opportunity to help out whenever he can.
  • Haslam does know how to splurge on himself and his family. Not even losing almost a hundred million dollars after being enforced by the court prevents this.

Jimmy Haslam is an American entrepreneur whose business investments have earned him an estimated net worth of almost $4 billion. In addition to his heavy investments in sports and truck stops, he is also a philanthropist who has donated millions of dollars for charitable courses.

The 71 year-old billionaire was born on 9th March 1954 in Knoxville, Tennesse to his parents Jim Haslam and Cynthia Haslam. He is the CEO of the truck stop chain, Pilot Flying J, and owner of Cleveland Browns of the NFL, as well as co-owner of MLS club Columbus crew.

His father Jim Haslam ll founded the Pilot Oil Corporation in 1958, but it was merged with Flying J in 2010, to become Pilot Flying J. The merger was enough to save Flying J which was already bankrupt.

Here are details of how he made and spend his fortune. Read through to know more about it.

Table of Contents

Toggle
  • How Jimmy Haslam Earned His Billions
  • How He Spends His Money
  • Did He Lose Money?
  • Some Interesting Facts About Jimmy Haslam
    • 1. How Old Is He?
    • 2. His Younger Brother Was The Former Governor Of Tennesse
    • 3. Has Three Children
    • 4. He Shared The Same Room With Bob Corker At The University 
    • 5. He Is A Member of Sigma Chi
  • Complete profile of Jimmy Haslem

How Jimmy Haslam Earned His Billions

The Knoxville-based billionaire and entrepreneur was born and raised in a family that is known to have been involved in business for several years. He took a page off his father’s book and ventured into business as well. So far, he has invested in sports, truck stop chains, and other businesses that have generated a net worth of almost $4 billion.

Pilot Flying J, which started as Pilot Oil Corporation was established by Jimmy’s father in 1958 when he paid $6, 000 for a gas station in Virginia. Fast forward to today, the company reportedly has close to a thousand locations in North America, generating an annual revenue of nearly $30 billion.

Prior to this, he joined the company’s board in 1975 when he was 20, and still a student at the University of Tennesse. Moreso, at the time, Pilot’s yearly sales were roughly $50 million.

In August 2012, the businessman acquired the Cleveland Browns from Randy Learner for a reported fee of $1.05 billion. Similarly, the sale was authorized by the NFL in October 2020. Before the acquisition, he had the highest stakes in the club, which was approximately $990 million.

In his bid to expand his interest in sports, he joined hands with Pete Edwards to acquire the Major League Soccer (MLS) side Columbus Crew in January 2019. They were said to have paid a whopping $150 million to take over the football club.

Also See- Stephen A. Smith Net Worth – How He Makes and Spends His $16 Million Fortune

How He Spends His Money

Jimmy Haslam and Dee Haslam (Image Source)

Looking at the billionaire’s lifestyle, it seems he prefers to spend his wisely by buying luxury houses and making donations to charities and other courses. For instance, he bought his Knoxville mansion (English Tudor) in early 1996 for $1.4 million. However, he listed the property for sale in 2015 at $4.9 million. It is not clear whether the mansion was acquired by another person or not.

In 2019, the Cleveland Browns owner and his wife Dee Haslam bought the Bratenahl mansion for $4.1 million. The house was built for Anthony Musca and his wife in 1997. According to reports, the acquisition of the mansion became Northeast Ohio’s biggest home sale in years.

The American entrepreneur is a philanthropist. He has donated millions of dollars through his family’s foundation ‘Haslam Giving’. The foundation has funded various organizations serving families in Knoxville, Tennesse, Cleveland, and Columbus, Ohio, running into a hundred million US dollars ($150 million).

The aim of the initiative is to strengthen communities, children, and families to have access to what they need to be successful. It covers areas such as education, social justice, economic development, basic needs, arts, recreation, and sports. They have been doing that since 2005.

Similarly, the billionaire’s philanthropic nature is not only restricted to charities alone but also extended to individuals. For instance, he and his wife donated $10,000 in April 2021 to fund Senator Richard Burr’s defense in an investigation into his stock trades at the beginning of the pandemic.

Did He Lose Money?

In April 2013, an FBI affidavit filed in federal court accused Pilot Flying J of engaging in fraud for 5 years. It said the company allegedly underpaid customer discounts which in turn boosted not only the company’s baseline but also that of its staff.

The company compensated customers and agreed to pay a fine of $92 million following a Criminal Enforcement Agreement.

Some Interesting Facts About Jimmy Haslam

1. How Old Is He?

He was born on 9th March 1954 in Knoxville, Tennesse, the US to his parents Cynthia and Jim Haslam.  He is currently 71 years old.

2. His Younger Brother Was The Former Governor Of Tennesse

The American billionaire’s younger brother Bill Haslam was the former Governor of Tennesse. He was governor of Tennessee from 2011 to 2019 and he won the seat under the Republican party. Before he became governor, he was 67th Mayor of Knoxville Tennessee.

3. Has Three Children

Haslam and his wife Susan ‘Dee’ Bagwell Haslam have three adult children. They are; James Bagwell Haslam who was adopted in 2016, Whitney Haslam Johnson, and Cynthia Haslam Arnholt. He is also a grandfather with 5 grandchildren.

4. He Shared The Same Room With Bob Corker At The University 

The Knoxville-born businessman shared the same room with Bob Corker at the University of Tennessee. Bob later became a Senator US senator from Tennesse.

5. He Is A Member of Sigma Chi

Sigma Chi is one of the largest brotherhoods in North America. Jimmy became a member while he was in school. The brotherhood’s motto is in Latin “In hoc signo vinces”, which is translated to English as “In this sign, you shall conquer”.

Complete profile of Jimmy Haslem

Jimmy Haslam
Full NameJames Arthur Haslam III
Date of Birth9 March 1954
Age71 years old
Zodiac SignPisces
Birth place Knoxville, Tennessee, United States
NationalityAmerican
EthnicityWhite
Education University of Tennessee
ProfessionBusinessman
FatherJim Haslam
MotherCynthia Haslam
SiblingsBill Haslam, Ann Haslam
Marital StatusMarried
Spouse/Partner Dee Haslam (m. 1976)
GirlfriendCrystal Renean
Kids Whitney Haslam Johnson, James E. Oakley III, Cynthia Haslam Arnholt
Estimated Net Worth:$3.8 Billion
Source of net worthBusiness
Height5feet7inches (1.70m)
WeightNA
Social MediaTwitter
Previous Post

Iiro Pakarinen Biography: 5 Facts About The Life And Career Of The Ice Hockey Player

Next Post

Vasiliy Lomachenko – Bio, Wife, Net Worth, Other Facts About The Ukrainian Boxer

Tim Dajin

Tim Dajin

Tim Dajin a graduate of communication and media studies who loves keeping in touch with reality through research, reading, and writing.

Related Posts

Averion Hurts Is Jalen Hurts’ Father, Everything To Know About Him

Averion Hurts Is Jalen Hurts’ Father, Everything To Know About Him

Ronnie Coleman's Mom

Who Is Ronnie Coleman’s Mom? Meet Jessie Benton

Jeff Kirkpatrick

Jeff Kirkpatrick: All About Holly Holm’s Ex-Husband

Who Is Srdjan Djokovic? All About Novak Djokovic’s Father

Holger Rune’s Parents: Meet Aneke Rune and Anders Nødskov

Sergio Pettis Parents And Siblings

Next Post
Vasiliy Lomachenko

Vasiliy Lomachenko - Bio, Wife, Net Worth, Other Facts About The Ukrainian Boxer

Gael Monfils and Elina Svitolina

Is Gael Monfils' Wife Elina Svitolina Richer Than Him? 5 Facts About The Tennis Couple

Discussion about this post

  • Fred VanVleet's Parents

    Truth About Fred VanVleet Parents- Susan VanVleet, Joe Danforth

    0 shares
    Share 0 Tweet 0
  • Who Is Nonito Donaire? Meet His Wife, Rachel Marcial, 5 Facts

    0 shares
    Share 0 Tweet 0
  • Randall Tex Cobb Biography, Wife, Children, Net Worth, Height and Weight

    1 shares
    Share 1 Tweet 0
  • Gia Marie Macool Height, Age, Boyfriend, Biography, Family, Other Facts

    0 shares
    Share 0 Tweet 0
  • 10 Best Soccer Documentaries Every Football Lover Should See

    0 shares
    Share 0 Tweet 0
  • Katy Winge – Bio, Career, Net Worth, Husband, Height, 5 Interesting Facts

    0 shares
    Share 0 Tweet 0
  • Holger Rune’s Parents: Meet Aneke Rune and Anders Nødskov

    0 shares
    Share 0 Tweet 0

Recommended

10 Greatest Volleyball Players Who Dominated the Court

10 Greatest Volleyball Players Who Dominated the Court

#PEPOUT Trends as Pep Guardiola Suffers Worst Ever Run as Manager

#PEPOUT Trends as Pep Guardiola Suffers Worst Ever Run as Manager

Famous boxers

Greatest of All Time: 20 Most Famous Boxers in History

15 Best Goalkeepers of All Time

15 Best Goalkeepers Of All Time

RichAthletes

© 2022 RichAthletes - Profile of the richest people in sports Richathletes.

Quick Navigation

  • About
  • Advertise
  • Careers

Follow Us

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsRejectACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT
error: Content is protected !!
No Result
View All Result
  • Footballers
  • Soccer
  • Basketball
  • Golf
  • Media Personalities
  • Fitness
  • WAGS
  • Contact Us

© 2022 RichAthletes - Profile of the richest people in sports Richathletes.