Jimmy Haslam Net Worth: How Did He Manage to Make a Billion Dollars On His Own?

By Robert Jones Last updated Mar 2, 2023

On March 9, 1954, Jimmy Haslam was born in Knoxville, Tennessee. He is the offspring of Pilot Corporation’s original founder, Jim Haslam. In 1976, Haslam earned a finance degree from the University of Tennessee. He began working for Pilot Company in 1976, and in 1996, after years of advancement, he was named CEO.

Jimmy Haslam’s Net Worth

Jimmy Haslam is an American businessman, sports team owner, and philanthropist with a net worth of $4 billion. He is the CEO of the chain of Pilot Flying J truck stops and the owner of the MLS’s Columbus Crew and the NFL’s Cleveland Browns.

Jimmy and his wife bought the Cleveland Browns in 2012 for $1.05 billion, which we go into more depth about later in this post. The team’s value today is at least $3 billion and may even reach $4 billion.

Jimmy Haslam Early Life

On March 9, 1954, in Knoxville, Tennessee, Jim and Cynthia Haslam gave birth to James Arthur Haslam III. In 1958, his father founded the Pilot Oil Corporation, which in 2020 would merge with the insolvent Flying J to form Pilot Flying J. Bill Haslam, his younger brother, would lead Tennessee as governor from 2011 to 2019.

When Jimmy was a student at the University of Tennessee, Bob Corker, who would later become a senator of the United States, shared a room with him.

Jimmy Haslam Business Career

In 1976, Jimmy started working for Pilot Corporation as the vice president of operations, sales, and development. The truck stop chain would grow to be one of the biggest businesses in the country, with its corporate headquarters in Knoxville.

When Haslam was appointed president and chief executive officer in 1996, Pilot had expanded to run 96 travel centers and 50 convenience stores since it originally opened its travel center in 1981. Pilot Company founded Pilot Travel Centers LLC in 2001 in partnership with Marathon Ashland Petroleum LLC.

David Cranmer Underdown Posted a Tweet About Pilot Corporation the parent company of the convenience store and travel center chain, Pilot Flying J also known as “flying va-J J” or “flyin’ vagina”. You can take a look below:

Flying J, the largest truck stop chain in the United States.

On September 1, 2001, Pilot and Marathon Petroleum Company formed Pilot Travel Centers, LLC.

The predecessor company of Marathon Petroleum Corporation, Marathon Petroleum Company LLC, formerly known as

— David Cranmer Underdown (@DavidCranmerUn1) November 17, 2022

CVC Capital Partners purchased a 49.8% stake in Pilot Travel Centers LLC in 2008; Pilot retained a 50% ownership stake in the business.

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Philanthropy and Awards

By holding positions on the boards of Anderson Media Corporation and United Way of Greater Knoxville, Jimmy Haslam continued to be involved in his native Tennessee. Also, he served as the Boys & Girls Clubs of Cleveland campaign committee’s honorary chair.

He received the Ernst & Young Entrepreneur of the Year award for the Southeast area in 2010 and was inducted into the Junior Achievement of East Tennessee Business Hall of Fame in 2007. He received the Distinguished Alumni Award from the University of Tennessee in 2013. Jimmy was a founding member of the university’s Haslam Scholars Program for honors students.

Jimmy Haslam’s Personal Life

Along with his wife, Susan “Dee” Bagwell Haslam, the CEO of RIVR Media, Jimmy resides in Cleveland, Ohio. James Bagwell Haslam (adopted in 2016), Whitney Haslam Johnson, and Cynthia Haslam Arnholt are their three adult children. In addition, they have five grandkids.

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Real Estate

Jimmy and Dee Haslam paid $4.2 million for a Bratenahl estate in Cleveland’s southern Lake Erie shore in 2012. On 3.2 acres, the 14,660-square-foot house is situated. The couple put their Knoxville, Tennessee, estate up for sale in 2015 for a price of $4.9 million. Please visit the Digihindnews page for more recent updates like this.