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Drayton McLane Jr

Drayton McLane Jr

0% | $ 0M
D. Jr
Rank
#0
Net Worth
$00.0B
Gender
Male
Age
89Y
Country
United States
Born On
July, 1936
Deceased
No
Relationship Status
Married
Children
2
Education

Michigan State University - Master Of Business Administration

Designation Info :

Self-Made
No
Type
Family Wealth (Massively Expanded)
Organization Name
McLane Group
Title
Chairman
Source

McLane Company, Houston Astros

Industry
Logistics, Sports, Investments

About D. Jr


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.

Quick Reads


  • Former owner of the Houston Astros MLB team.
  • Made his first fortune by building and selling his family's wholesale distribution business, McLane Company, to Walmart.
  • Owned the Astros from 1992 to 2011.
  • Now runs the McLane Group, a diversified holding company.
  • He is a major philanthropist in his home state of Texas.

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