Billionaire investment firm CEO James Crown was killed last Sunday while racing at Aspen Motorsports Park in Colorado, CNN reported.
Crown, who held leadership roles in several corporations and was a long-serving board member with JPMorgan Chase, was killed on his 70th birthday when his race car collided with an impact barrier, according to the Colorado Sun.
Crown was chairman and CEO of his family’s investment firm Henry Crown and Company. In addition to serving on the board of JPMorgan since the early 1990s, Crown was also on the board of General Dynamics.
In a statement this week, JPMorgan CEO Jamie Dimon extended his condolences to Crown’s family and loved ones, calling the longtime board member an “integral part” of the firm whose “presence will be deeply missed.”
While Crown lived in Chicago, he frequently traveled to Colorado where he was a managing partner of Aspen Skiing Co.
Crown was also the Aspen Institute’s chair emeritus and a trustee at the Civic Committee, the Museum of Science and Industry, and the University of Chicago.
Officials in Pitkin County are currently investigating Sunday’s crash.
In a press release, the Pitkin County Coroner’s Office said the manner of Crown’s death is an accident. According to the coroner, Crown sustained “multiple blunt force trauma,” however the official cause of death will not be released until after the autopsy.
Crown’s death came just days after he was at the White House to attend the State Dinner honoring Indian Prime Minister Narendra Modi.
In a statement released by the White House, President Biden described Crown as a “good man, a dear friend, and a great American.”
According to Forbes, in 2020, the Crown family was estimated to be worth $10.2 billion.
Crown is survived by his wife and four children, as well as his parents.