Drayton McLane Jr

$3.75B

as of 10/03/24

About Drayton McLane Jr

Drayton McLane turned his family's grocery distribution company, McLane Co., into an international firm and sold it to Walmart.

McLane became president and CEO of McLane Co. and ran it for almost 30 years, averaging 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.

Personal stats

Citizenship

United States of America

Source of wealth

Walmart, logistics

Residence

Temple, Texas

Marital status

Married

Birth date

07/22/36 (age 88)

Number of children

Education

Bachelor of Arts/Science, Baylor University; Master of Business Administration, Broad College of Business

Self-made

inherited and growing