Drayton McLane, Jr. Net Worth, Salary, Birthdate, Birthplace, Gender, Height, Profession, Nationality
| Category | Information |
|---|---|
| Net Worth | $2.1 billion |
| Salary | N/A |
| Birthdate | July 22, 1936 |
| Birthplace | Cameron, Texas, USA |
| Gender | Male |
| Height | N/A |
| Profession | Entrepreneur, Chairman of McLane Advanced Technologies |
| Nationality | American |
Highlights
Drayton McLane, Jr., an American entrepreneur, has a net worth of $2.1 billion. He is currently serving as the Chairman of McLane Advanced Technologies, a prominent high technology firm. McLane has accumulated his massive fortune through various industries and has made significant contributions in the business world.
Early Life
Drayton McLane, Jr. was born on July 22, 1936, in Cameron, Texas. He attended Baylor University, where he obtained a Bachelor’s degree. Following this, he pursued an MBA in marketing from Michigan State University.
Career
After completing his education, Drayton McLane, Jr. joined his family business, McLane Company. He initially started working under his father and eventually became the CEO of the company. Under his leadership, McLane Company experienced tremendous growth, with an average annual sales growth of 30%. McLane strategically expanded the company by adding 16 distribution facilities, transforming it from a three million dollar a year operation to a nineteen billion dollar company.
In 1990, Drayton McLane, Jr. stepped down as CEO of McLane Company to focus on the McLane Group, the family holding company consisting of various corporations. Additionally, he served as the Chief Executive and Chairman of the Houston Astros, a Major League Baseball team, from 1993 to 2011.
Personal Life
Drayton McLane, Jr. maintains a private personal life. Limited information is available about his personal relationships, family, and hobbies.
Net Worth Over Time
Drayton McLane, Jr.’s net worth has evolved significantly over time due to his success in business ventures. As of now, his estimated net worth stands at $2.1 billion.
Components of Net Worth
The exact components of Drayton McLane, Jr.’s net worth may vary, but they likely include:
- The value of assets he owns, such as properties, investments, and other business interests.
- His share of ownership in McLane Advanced Technologies.
- Dividends, profits, and returns generated from his various business ventures.
- Possible equity or ownership stakes in the Houston Astros during his tenure as CEO and Chairman.
Please note that the components listed above are speculative and based on general understanding of wealth accumulation in similar situations.
In conclusion, Drayton McLane, Jr. has established himself as a successful entrepreneur with a net worth of $2.1 billion. Through his leadership in McLane Company and his involvement in the Houston Astros, he has showcased his business acumen and ability to drive growth. McLane’s story serves as an inspiration to many aspiring entrepreneurs in the field of technology and beyond.