Drayton McLane, Jr.
Drayton McLane, Jr.

Celebrity Profile

Name: Drayton McLane, Jr.
Real Name: Drayton McLane
Occupation: Retail
Gender: Male
Birth Day: July 22, 1936
Age: 86
Birth Place: Temple, Texas, United States
Zodiac Sign: Leo

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
Blood Type N/A
Tattoo(s) N/A

Drayton McLane, Jr.

Drayton McLane, Jr. was born on July 22, 1936 in Temple, Texas, United States (86 years old). Drayton McLane, Jr. is a Retail, zodiac sign: Leo. Find out Drayton McLane, Jr.net worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

$2.1 Billion

Salary 2020

Not known

With the net worth of $2.1 Billion, Drayton McLane, Jr. is the # 767 richest person on earth all the time follow our database.

Drayton McLane, Jr. Net Worth Detail

Drayton McLane Jr. (born July 22, 1936) is an American billionaire businessman. He is chairman of the McLane Group, a holding company with a portfolio of various diverse enterprises. He was, until 1990, the CEO of the McLane Company, a grocery and food service warehouse, supply, and logistics firm, and was, from 1993 until 2011, the chairman and CEO of Major League Baseball's Houston Astros. On the Forbes 400 list of richest Americans, he was ranked #324 in 2015 with an estimated net worth of $2 billion.

Biography Timeline

1936

He was born on July 22, 1936 in Cameron, Texas. His father, Drayton McLane Sr, owned a wholesale grocery distribution center. At age nine, he went to work for his father's business that had been established by his grandfather, Robert McLane, in 1894. His grandfather came from Abbeville, S.C., to Cameron, Texas, in the late 1800s and worked as a farm laborer until about 1885, when he was able to buy and build a small retail grocery and in 1894 went into the wholesale grocery business in a small way. McLane Jr. spent most Saturdays and summers during his teen years sweeping floors and learning various aspects of the wholesale grocery business. He graduated from C.H. Yoe High School in Cameron in 1954.

1958

He earned his undergraduate degree at Baylor University in 1958 and his Master of Business Administration (MBA) degree in marketing at Michigan State University in 1959. After graduation, McLane returned home to work for his father. For the first 18 months, he worked the second (night) shift loading trucks. Three years later he moved into management as vice president of purchasing. He then served 14 years as general manager of operations. He became president and CEO of McLane Company in 1978 and chairman in 1992.

1990

He sold the family business to tennis partner Sam Walton for cash and Wal-Mart shares in 1990. He invested much of the profits in pro baseball's Houston Astros. He continued as chairman of McLane Co. and was named vice chairman of Wal-Mart Corporation. In 1993, he resigned both of these positions in order to devote his full-time as Chairman of McLane Group, which is a holding company founded in 1992.

1993

From the time he purchased the team in 1993 to 2005, the Astros ranked fifth in the Majors and second in the National League in winning percentage (.543), but never won a World Series. The Astros, originally the Colt 45's, were founded in 1962. They won their first World Series in 2017 (2017 World Series).

2005

In 2005, Scott and White Memorial Hospital in Temple honored Drayton and his wife by creating the Elizabeth and Drayton McLane Jr. Chair in Health and Wellness, a new endowed chair that is a joint appointment between the hospital and the Texas A&M University Health Science Center College of Medicine.

2008

Michigan State University Activities and Philanthropy: By the spring of 2009, the McLane family will have brought β€œnew life” to its baseball facility through a $4 million commitment to enhance one of the most pristine environments in all of intercollegiate athletics. On September 12, 2008, the MSU Board of Trustees voted unanimously to approve the naming of Drayton McLane Baseball Stadium at John H. Kobs Field.

2010

McLane announced on November 21, 2010, that the Astros franchise was for sale. A recent regional television deal puts the Astros on a similar footing as other National League teams, and should help with the income side of this transaction. McLane said the sale was for "family" reasons, and he was joined in the announcement by his two adult sons, Drayton III and Denton. It was sold on Nov 17th, 2011 for $680 million. Since the sale, Drayton has been sued by the purchaser, Jim Crane, for breach of contract, fraud, negligent misrepresentation or omission, and civil conspiracy.

2013

Baylor University announced in December 2013 that it would name its new football stadium "McLane Stadium" after "one of the most distinguished and generous alumni families in Baylor University history."

2017

Up until 2017, the Astros 2005 season was the most successful season on the field for the Houston franchise. Winning the National League Pennant to advance to the World Series, Houston hosted the first World Series game ever played in the State of Texas. However, the Astros, who had rallied from a losing record earlier in the season, were swept by the Chicago White Sox in four games, granting the White Sox its first championship in 88 years.

2020

In April 2020, Governor Greg Abbott named McLane to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" amid the COVID-19 pandemic.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Denton McLane Children N/A N/A N/A
#2 Drayton McLane, III Children N/A N/A N/A
#3 Elizabeth McLane Spouse N/A N/A N/A

πŸŽ‚ Upcoming Birthday

Currently, Drayton McLane, Jr. is 86 years, 4 months and 12 days old. Drayton McLane, Jr. will celebrate 87th birthday on a Saturday 22nd of July 2023. Below we countdown to Drayton McLane, Jr. upcoming birthday.

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