James “Jim” Crown, a billionaire businessman, tragically passed away in a car racing accident at the Aspen Motorsports Park in Woody Creek, Colorado, on the same day he celebrated his 70th birthday. Crown, known for his positions as a board member at JPMorgan and General Dynamics, died when his car collided with an impact barrier, resulting in severe blunt force trauma, as confirmed by the Pitkin County Coroner’s Office. A renowned figure in the business world, Crown was the CEO and president of Henry Crown and Company, his family’s investment firm, which contributed to his substantial fortune of approximately $10.2 billion. He also served as the managing partner of Aspen Skiing Co. and split his time between his primary residence in Chicago and Colorado.
Crown’s devastating passing prompted heartfelt condolences from Jamie Dimon, CEO of JPMorgan Chase, who expressed sympathy for the family and loved ones of the deceased, recognizing Crown as an integral part of their lives and the company. Former President Barack Obama, who appointed Crown to his administration’s Intelligence Advisory Board in 2014 and considered him a dear friend, also mourned the loss. Obama highlighted Crown’s significant contributions to Chicago and the Jewish community, praising his commitment to creating a thriving city that embraced diversity and equal opportunities for all residents.
Crown’s civic involvement extended beyond Chicago, as he held prominent positions such as chair emeritus of the Aspen Institute and a trustee at the Museum of Science and Industry, the Civic Committee, and the University of Chicago. While his achievements in business and civic leadership are noteworthy, the Obamas emphasized that Crown’s true essence lay in his role as a devoted son, husband, father, brother, and friend. They expressed their gratitude for having had the privilege of knowing him.
Survived by his wife Paula, four children, several grandchildren, and his parents, Crown’s passing has left a void in the lives of those who knew and loved him. The family has requested privacy during this challenging time. Local agencies, including the coroner’s office, the Pitkin County Sheriff’s Office, and the Colorado State Patrol, are currently investigating the details surrounding the fatal crash.
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