Jimmy Haslam, who owns the Cleveland Browns, is in the process of buying another sports organization. Reports say that the 68-year-old has agreed to pay an incredible $3.5 billion for a share of the NBA team Milwaukee Bucks.
Jimmy Haslam is a businessman and entrepreneur who has made a name for himself as the CEO of Pilot Flying J, one of the largest truck stops and convenience store chains in the United States. He is also involved in professional sports and has owned the Cleveland Browns of the National Football League (NFL) since 2012.
Haslam was born on March 9, 1954, in Knoxville, Tennessee. He went to the University of Tennessee, where he earned a degree in history in 1976. After college, he went to work for his father, James Haslam II, at Pilot Corporation, a petroleum distribution company that later became Pilot Flying J.
Haslam was named CEO of Pilot Corporation in 1996, taking over from his father. Under his leadership, the company grew quickly and expanded its operations across the United States and Canada. Today, Pilot Flying J runs more than 750 truck stops and convenience stores that employ more than 28,000 people.
Jimmy Haslam’s net worth
People have been interested in learning about Haslam’s business and net worth because he is making waves in the sports world.
Forbes says Haslam is worth a staggering $4.8 billion in 2023. His family owns a chain of truck stops called Pilot Flying J, which is where he makes most of his money.
Haslam started working for his father’s business, Pilot Company, in 1976. He was in charge of 100 convenience stores when he was named Vice President of Sales, Development, and Operations in 1980.
Even though the Browns haven’t reached the level of success that Haslam and the fans had hoped for, there have been signs of progress. The team made the playoffs for the first time in 18 years in 2020, thanks in part to the work of quarterback Baker Mayfield and head coach Kevin Stefanski, both of whom were hired by Haslam.
Jimmy Haslam Controversy
Even though he has been successful in business and sports, Haslam has had to deal with some problems and controversies over the years. In 2013, the Federal Bureau of Investigation (FBI) and the Department of Justice (DOJ) looked into Pilot Flying J for allegedly taking part in a scheme to scam trucking companies by not paying them the full amount they were owed for fuel purchases. Haslam was not charged in the investigation, but several of his employees were found guilty of fraud.
More recently, in 2019, the Browns were criticized for how they fired head coach Freddie Kitchens, who Haslam had hired just one year earlier. The team’s struggles on the field also kept going, which made some fans want Haslam to sell the franchise.
Even with these problems, Haslam is still a respected and influential figure in both business and sports. He is known for his strong leadership skills and his dedication to his employees and customers. With Pilot Flying J continuing to grow and the Browns looking to build on their recent successes, it will be interesting to see what Jimmy Haslam’s future holds.