Car racing is often considered one of the biggest adrenaline sports. However, just like in other adrenaline sports, there are considerable risks in racing as well. One such seemingly fun race became a tragic event as an American billionaire lost his life on track. The incident has sent shockwaves through the racing community and lawmakers alike.

The birthday race that became fatal

American billionaire James Crown met with a fatal accident during a high-stakes car race against his own son-in-law. This incident occurred on Sunday at the prestigious Aspen Motorsports Park in Woody Creek, Colorado.

The car race took a devastating turn when Crown lost control of his vehicle and collided with an impact barrier, resulting in his untimely demise. The billionaire heir of the Crown family was celebrating his 70th birthday on the day the incident took place. Even more shocking is the fact that his birth and death anniversary will fall on the same day now.

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Investigations are currently underway to determine the exact circumstances that led to this fatal crash. Authorities in Colorado are meticulously examining the details surrounding the accident to shed light on what transpired during that fateful race.

The Pitkin County Coroner’s Office conducted an autopsy. They concluded that James Crown’s death was caused by multiple blunt-force trauma.

According to eyewitnesses, the brakes on the vehicle Crown was driving, a Spec Racer, locked before it skidded into the barrier. Reports suggest that Crown had been taking lessons to improve his lap times on the 1.1-mile track. Crown was a big Formula 1 fan and was preparing for this race against his son-in-law for a long time.

James Crown was a man of remarkable stature, holding various leadership positions throughout his illustrious career. He served as a board member at JPMorgan Chase for three decades and was a board director at General Dynamics. Additionally, he held the esteemed positions of chairman and CEO at Henry Crown and Company.

“Jim lived a great Chicago life” – President Joe Biden mourns Crown’s death

News of Crown’s tragic passing reverberated throughout the business world. Jamie Dimon, the CEO of JPMorgan Chase, expressed his condolences, saying, “We extend our deepest sympathies to Jim’s family and loved ones during this incredibly challenging time. Jim was an integral part of JPMorgan Chase and our lives, and his absence will be deeply felt.”

A representative for the Crown family requested privacy as they navigate this painful loss. Along with his family, countless friends, colleagues, and admirers mourn the loss of a remarkable individual who made an indelible impact.

United States President Joe Biden also shared his grief as quoted by whitehouse.gov, emphasizing Crown’s exceptional character. He said, “Jim lived a great Chicago story—one that connected our nation’s industrious past to a hopeful future.” The president’s heartfelt words further signify the impact Jim Crown had on the country.

With a fortune estimated at $10.2 billion in 2020 by Forbes, the Crown family has long been a symbol of wealth and success. James Crown leaves behind his wife, four children, and his parents, as well as a legacy that extends beyond material possessions. His contributions to the business world and his philanthropic endeavors have made an enduring impact on society. Mr. Crown was recently seen having dinner with Indian Prime Minister, Mr. Narendra Modi.

In the wake of this devastating incident, the racing community mourns the loss of a passionate and driven individual. James Crown’s sudden departure serves as a stark reminder of the fragility of life. It’s important that we cherish the moments we have with our loved ones.

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What steps will you take today to embrace life’s precious moments? Share your thoughts on how we can make racing more safe, too!