Drayton McLane, Jr. Net Worth

$3 Billion         |         Rank #1053

Who is Drayton McLane, Jr.

McLane became president and CEO of the company and ran it for almost 30 years, averaging a yearly sales growth of 30%.
In 1991, he sold McLane Co. to his friend Sam Walton for $50 million and 10.4 million shares of Walmart.
In 2003, Walmart sold the company to Warren Buffett’s Berkshire Hathaway for $1.45 billion.
Shortly after 1991, he founded McLane Company, a holding company with a wide array of investments, including a stake in the Houston Astros. Drayton McLane, Jr. is from those few lucky persons who were born rich. He has inherited most of the part of his Wealth. Which leads to the fact that it was comparatively easy for Drayton McLane, Jr. to make it into the worldwide list of billionaires and is among the wealthiest persons on earth. He is currently 85.0 years old. Drayton McLane turned his family’s grocery distribution company, McLane Co., into an international firm and sold it to Walmart. As of today, Drayton McLane, Jr.’s net worth is roughly 3 Billion.

Facts about Drayton McLane, Jr.

Net Worth: 3 Billion
Billionaire Rank: 1053
Age: 85.0
Date of Birth: 22-07-36
Gender: Male
Currently Living in: Temple, Texas, United States
Birth Place: United States
Source of Wealth: Walmart, logistics

To find out what is Drayton McLane, Jr. Net Worth, how he got there and what is Drayton McLane, Jr. Salary Per Day, Career, Biography and Childhood details, continue reading below.

Early Life of Drayton McLane, Jr.

Drayton McLane, Jr. was born on 22-07-36 in United States. As a result of donations to both of his alma maters, Michigan State University and Baylor University have stadiums named after him. McLane started working for the family business at the age of nine, spending Saturdays and summers sweeping floors and stacking inventory. Being raised in the same country, Drayton McLane, Jr. spent most of his time in Texas in the city of Temple.

Drayton McLane, Jr. net worth is estimated at 3 Billion Billion to date.

 

Drayton McLane, Jr. Walmart, logistics
Drayton McLane, Jr. Net Worth

Professional Journey

You will see him often in social media.  Drayton McLane turned his family’s grocery distribution company, McLane Co., into an international firm and sold it to Walmart. There was a time when he would have embraced the change that was coming.  He is one of the persons who are always trending in news. As a result of donations to both of his alma maters, Michigan State University and Baylor University have stadiums named after him. In his youth, he was adventurous but unknown, but that was years ago. McLane became president and CEO of the company and ran it for almost 30 years, averaging a yearly sales growth of 30%.
In 1991, he sold McLane Co. to his friend Sam Walton for $50 million and 10.4 million shares of Walmart.
In 2003, Walmart sold the company to Warren Buffett’s Berkshire Hathaway for $1.45 billion.
Shortly after 1991, he founded McLane Company, a holding company with a wide array of investments, including a stake in the Houston Astros. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Drayton McLane turned his family’s grocery distribution company, McLane Co., into an international firm and sold it to Walmart.
It will not be wrong if we say that Drayton McLane, Jr. is one of the granted billionaires who inherited most part of the wealth and stands at 1053 in most wealthiest persons in the world.

FAQs

Here are a few most frequently asked questions about Drayton McLane, Jr.:

How much is Drayton McLane, Jr. worth?

Drayton McLane, Jr.’s net worth is estimated to be 3 Billion.

How old is Drayton McLane, Jr.?

Drayton McLane, Jr. was born on 22-07-36, and is currently 85.0 years old.

What is Drayton McLane, Jr. source of income?

Drayton McLane, Jr. acquires most part of his wealth from Walmart, logistics.
 

Concluding Drayton McLane, Jr. Net Worth

Currently with a net worth of 3 Billion, Drayton McLane, Jr. stands at 1053 in the world billionaires list. And draws most of his wealth from Walmart, logistics. Hope you like this information about Drayton McLane, Jr.. If you like this, then please share it with your friends. This above post is all about the estimated worth of Drayton McLane, Jr.. Do you have any queries? Feel free to ask via comment section.

 

Disclaimer: Please keep in mind that this is an estimated net worth of Drayton McLane, Jr.. Actual worth may vary a little. You can always get information by checking out Leaktown.com.