Drayton Mclane Jr Net Worth is$1.9 Billion
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Nationality: United States of America
Date of Birth: 1936-07-22
Drayton McLane, Jr. Net Worth: Drayton McLane, Jr. is an American entrepreneur who has a net worth of $1.9 billion. Having built up his fortune through a variety of industries, Mr. McLane, Jr. currently serves as chairman of the McLane Advanced Technologies, a high technology firm. Born on July 22, 1936 in Cameron, Texas, he first took a Bachelor's degree from Baylor University and then took his MBA in marketing from Michigan State University. Upon graduation, Drayton began to work for his father. Eventually, McLane became the CEO of McLane Company, a firm engaged in grocery and food service warehouse, as well as supply and logistics. In 1978, he served both as CEO and chairman of McLane Company, and under his helm the firm aroused an average of 30% sales growth per year. What's more, he added 16 distribution facilities that led to the massive expansion of the company, turning it from a three million dollar a year operation into 19 billion dollar company. In 1990, he left his position of CEO to devote his time to the McLane Group, the family holding company for a number of corporations. In addition to McLane, he served as the chief executive and chairman of Houston Astros of the Major League Baseball in the period from 1993 to 2011.
Drayton McLane, Jr. is an American entrepreneur. He is chairman of the McLane Group, a high technology firm. He was, until 1990, the CEO of the McLane Company, a grocery and food service warehouse, supply, and logistics firm, and was, from 1993 until 2011, the chairman and CEO of the Major League Baseball's Houston Astros. On the Forbes 400 list of richest Americans, he was ranked #301 in 2008 with an estimated net worth of $1.6 billion and #272 in 2009 with an estimated net worth of $1.45 billion.


He was born (1936-07-22) July 22, 1936 (age 77) in Cameron, Texas. His father, Drayton McLane, Sr., owned a wholesale grocery distribution center. At age nine, the young McLane went to work for his father's business that had been established by his grandfather, Robert McLane, in 1894. His grandfather came from Abbeville, S.C., to Cameron, Texas, in the late 1800s and worked as a farm laborer until about 1885, when he was able to buy and build a small retail grocery and in 1894 went into the wholesale grocery business in a small way. McLane, Jr., spent most Saturdays and summers during his teen years sweeping floors and learning various aspects of the wholesale grocery business. He graduated from C.H. Yoe High School in Cameron in 1954.
He earned his undergraduate degree at Baylor University in 1958 and his Master of Business Administration (MBA) degree in marketing at Michigan State University in 1959. After graduation, McLane, Jr., returned home and went to work for his father. For the first 18 months, he worked the second (night) shift loading trucks. Three years later he moved into management as vice president of purchasing. He then served 14 years as general manager of operations. He became president and CEO of McLane Company in 1978 and chairman in 1992.
During his years with the company, Drayton McLane, Jr., assisted his father in building an effective grocery distribution network that served convenience stores, supermarkets, and the fast-food indus

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Drayton Mclane Jr Latest News

Building a brand

Photo by Jody Isaackson SMI & Hydraulics Inc. owner Gary Stoks still has the endorsed, engraved souvenir bat that former Houston Astros owner Drayton McLane Jr. gave him when SMI & Hydraulics Inc. delivered the famous over-sized engine and coal car that ...
Posted: May 29, 2018, 5:00 am

Temple: McLane says high speed rail is something to get excited about

TEMPLE, Texas (KWTX) Temple businessman Drayton McLane, Jr., who, in December, was named chairman of the board of Texas Central Partners, which is developing a high-speed rail system between Dallas and Houston, says he thinks the project is something ...
Posted: January 8, 2018, 4:39 pm

Drayton McLane explains how Interstate 35 transformed Central Texas

Central Texas business icon Drayton McLane, Jr. made many of his millions after he moved his family's wholesale grocery and distribution business from Cameron to Temple in the mid-1960s, specifically to be close to I-35, which was being completed at the time.
Posted: February 27, 2018, 5:51 pm
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