Billionaire Profile
Jim Crane
Global Rank
#1645

Image: Public domain | via Wikimedia Commons

Jim Crane

CEO, Houston Astros
US
Real-Time Net Worth
$2.4B
As of December 2025
Age
71
Source
Logistics, baseball
Industry
sports
Citizenship
US

Biography

James Robert Crane, born in 1954, is a prominent American businessman known for his success in logistics, baseball, and philanthropy. With a net worth of $2.4 billion, Crane has built his fortune through diverse ventures. He founded Eagle USA Airfreight in 1984, which later became Eagle Global Logistics, a major player in the industry. In 2008, he established Crane Worldwide Logistics, demonstrating continued success in the field. Crane's career also includes owning the Houston Astros, a team he acquired in 2011, leading them to World Series victories in 2017 and 2022. His achievements extend to community involvement through the Astros Foundation, which supports various initiatives.

Wealth Over Time

In-Depth Profile

Early Life and Education

James Robert Crane was born in Dellwood, Missouri, on January 17, 1954. He excelled in baseball during his youth and later graduated from Lutheran High School North. He earned a Bachelor of Science degree in industrial safety from Central Missouri State University (now the University of Central Missouri) in 1976.

Rise to Success

Crane's career began in the insurance industry before he entered the freight forwarding business in Houston in 1982. In 1984, he founded Eagle USA Airfreight with a $10,000 loan from his sister. The company grew significantly, eventually becoming Eagle Global Logistics and then EGL, Inc., employing over 10,000 people and operating in 139 countries. Crane sold his part of the company in 2007. He then launched Crane Worldwide Logistics in 2008, which achieved $1 billion in revenue within ten years.

Key Business Strategies

Crane's success is marked by his strategic vision and ability to identify opportunities. He expanded EGL into a global logistics provider and then leveraged his experience to create Crane Worldwide Logistics. In 2011, Crane purchased the Houston Astros for $680 million. Under his leadership, the Astros have achieved considerable success, including World Series championships in 2017 and 2022. Crane has also made investments in the Floridian National Golf Club and the restaurant business.

Philanthropy

Crane is known for his philanthropic efforts through the Astros Foundation. Since acquiring the Astros, he has directed over $60 million into local philanthropic initiatives. These initiatives include supporting storm recovery, disaster relief, and youth programs. He donated $400,000 and provided COVID test swabs and PPE during the pandemic. In 1998, Crane donated $1.2 million to upgrade the baseball stadium at Central Missouri State University.

Career Milestones

1984

Founded Eagle USA Airfreight

Started Eagle USA Airfreight with $10,000, which became EGL, Inc., a global logistics company.

2007

Sold Eagle Global Logistics

Sold EGL to Apollo Global Management for over $300 million.

2008

Founded Crane Worldwide Logistics

Established Crane Worldwide Logistics, a global logistics company.

2011

Acquired Houston Astros

Purchased the Houston Astros MLB team for $680 million.

2017

World Series Championship

Houston Astros won the World Series.

2022

World Series Championship

Houston Astros won the World Series.

Philanthropy & Social Impact

Community Support

Astros Foundation

$60M+

Directed over $60 million into local philanthropic initiatives through the foundation, including storm recovery, disaster relief, and youth programs.

Disaster Relief

Hurricane Harvey Relief

$4M

Committed $4 million to Hurricane Harvey relief efforts.

Healthcare

COVID-19 Pandemic Support

$0.4M

Provided $400,000 in grants and over 100,000 test swabs and PPE to frontline healthcare workers.

Business Philosophy & Leadership

Notable Quotes

""We took a team that had never won and turned it into a champion.""

""Houston's been good to me. Giving back is a responsibility.""

Leadership Principles

Hard Work and Discipline

Emphasizes putting in extra effort, staying late, and caring about people to build something lasting.

Community Involvement

Focuses on making a real impact in youth sports, education, and veteran support.

Controversies & Challenges

Unknown

Eagle Global Logistics Hiring Practices

Crane's company, Eagle Global Logistics, faced an EEOC investigation regarding hiring practices, leading to settlements.

Unknown

Astros Sign-Stealing Scandal

During the Houston Astros sign-stealing scandal, Crane was unaware of the violations and subsequently fired general manager Jeff Luhnow and manager A. J. Hinch.