Drayton McLane Jr. Net Worth

Net Worth: $1.92 Billion
  • Source of Wealth:

    Wal-Mart, Logistics
  • Age:

  • Birth Place:

    Cameron, Texas
  • Marital Status:

    Married (Elizabeth McLane)
  • Full Name:

    Drayton McLane, Jr.
  • Nationality:

    United States
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About Drayton McLane, Jr.

American entrepreneur Drayton McLane, Jr. has an estimated net worth of $1.92 billion as of April 2016 according to Forbes. Currently, McLane serves as the Chairman of the high technology firm, McLane Group.

Drayton McLane, Jr. was born on July 22, 1936 in Cameron, Texas. After completing his undergraduate degree from Baylor University, he attended Michigan State University where he finished his MBA in Marketing. After graduation, he started working for his father. Previously, McLane has served as the chief executive of McLane Company, a supply and logistics, grocery and food service warehouse firm. In 1978, he became the Chief Executive and Chairman of McLane Company. In 1992, he started serving as the company's Chairman. He is claimed to be the one responsible for the massive expansion of the company from a three million dollar a year operation 19 billion dollar company. In fact, while he was the Chairman and CEO, he was able to add 16 distribution facilities and the company has incurred an average of 30% sales growth every year.

Eventually, he resigned from the company to focus his attention on the McLane Group, a holding company founded in 1992, where he served as the Chairman. Currently, he is the chief executive of McLane Advanced Technologies. In addition to McLane, he also has other investments. From 1993 through 2011, he served as the chief executive and chairman of Houston Astros of the Major League Baseball.

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