D rayton McLane Jr. is an American billionaire businessman best known for two major successes: vastly expanding his family's grocery wholesale business and his long tenure as the owner of the Houston Astros of Major League Baseball. He joined his family's small wholesale grocery business and, as CEO, transformed it into a massive, technologically advanced logistics and distribution powerhouse, the McLane Company.
In 1990, in a major deal, he sold the company to his friend Sam Walton for cash and a significant amount of Walmart stock. A few years later, he bought the Houston Astros and became a prominent figure in the world of professional sports. During his nearly two-decade ownership, he revitalized the franchise, oversaw the construction of its new ballpark (now Minute Maid Park), and led the team to its first-ever World Series appearance. He sold the Astros in 2011 for a massive profit. He now manages his family's wealth through his holding company, the McLane Group.
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