WOODY CREEK, Colo. (AP) — Jim Crown, an government and philanthropist who lately introduced an effort to rally different enterprise leaders to assist combat violent crime in Chicago, died Sunday in a automotive crash on a racing monitor in Colorado. He was 70.
Crown, a grandson of industrialist Henry Crown and the chief government of Henry Crown & Co., was concerned in a single-vehicle accident on the Aspen Motorsports Park in Woody Creek, the Pitkin County coroner’s workplace mentioned in a information launch.
“The official explanation for demise is pending post-mortem, though a number of blunt power trauma is obvious,” mentioned the coroner’s workplace, which categorised the demise as unintentional.
Crown’s father, financier Lester Crown, mentioned his son “was driving a race automotive, and it hit a wall going round a curve,” the Chicago Solar-Instances reported.
“There by no means was a finer human being in each manner,” Lester Crown mentioned. “He was the chief of our household each intellectually and emotionally, and he regarded out for everyone. He additionally was a fantastic chief additionally for the group. It’s only a heartfelt loss. There are not any phrases that may specific it.”
Jim Crown, a member of the Business Membership of Chicago, mentioned this month that he and different Chicago company leaders have been dedicated to discovering jobs for as many as 10,000 younger males, in keeping with the Solar-Instances.
“Jim was a pillar of Chicago, a outstanding voice within the Jewish group, and a real civic chief who cherished our metropolis,” former President Barack Obama and former first girl Michelle Obama mentioned in a assertion. “He cared deeply about Chicago and making it a spot the place everybody might thrive — irrespective of who they’re or what a part of city they name house.”
“Jim gave again to town by way of philanthropy and management on plenty of civic and tutorial boards as he was deeply dedicated to investing in Chicago and its individuals,” Chicago Mayor Brandon Johnson mentioned Monday in an announcement. “Together with his generosity, Jim actually embodied the soul of Chicago. I used to be particularly grateful for his dedication to work collaboratively with my administration to construct a safer Chicago, having met lately to share concepts.”
Crown’s household enterprise, Henry Crown & Co., invests in private and non-private securities, actual property, and working corporations.
He additionally was managing accomplice of Aspen Snowboarding Co. He had been serving as lead director at Normal Dynamics Corp. and as a director at JPMorgan Chase, his household mentioned in a launch.
Crown additionally was a trustee on numerous boards and committees together with The Aspen Institute and the Museum of Science and Business in Chicago. He was appointed by then-President Barack Obama to the President’s Intelligence Advisory Board.
“The Crown household is deeply saddened by the sudden passing of Jim Crown in an accident earlier (Sunday),” his household mentioned. “The household requests that their privateness be revered at this troublesome time. Additional particulars concerning plans for a memorial to recollect Jim’s exceptional life might be launched at a later date.”
Born in Chicago in 1953, Crown earned a bachelor’s in political science in 1976 from Hampshire School in Amherst, Massachusetts. He acquired his regulation diploma in 1980 from Stanford Regulation Faculty, his household mentioned.
He later joined Salomon Brothers Inc. in New York as an affiliate and have become a vp of the Capital Markets Service Group in 1983. He joined his household’s funding agency in Chicago in 1985.
Crown is survived by his spouse, Paula; mother and father Lester and Renée; six siblings; 4 kids; a son-in-law; and two grandchildren.
