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Grizzly Bulls’ Billionaires Index

⬅ # 347 Rahel Blocher|# 349 Rahul Bhatia ➡

# 348 Jimmy Haslam 

$7.99B

Real Time Net Worth
as of 6/28/2024

# 348 Jimmy Haslam 

$7.99B

Real Time Net Worth
as of 6/28/2024
OccupationCEO, Pilot Company
Source of WealthGas Stations, Retail
Age70
ResidenceKnoxville, Tennessee
Marital StatusMarried
Children3
EducationBS, University of Tennessee Knoxville
Age-Adjusted Net Worth$4.06B
Jimmy Haslam
Jimmy Haslam
United States
Net worth: $7.99B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

James Arthur Haslam III was born on March 9, 1954, in Knoxville, Tennessee.
He is the son of Jim Haslam, who founded the Pilot Oil Corporation in 1958.
Haslam attended the University of Tennessee, where he was a roommate of Bob Corker, who later became a United States Senator from Tennessee.
He is a member of the Sigma Chi fraternity.
Haslam married Susan 'Dee' Bagwell Haslam, CEO of RIVR Media, and they have three adult children: James Bagwell Haslam (adopted in 2016), Whitney Haslam Johnson, and Cynthia Haslam Arnholt. They also have five grandchildren.
The Haslam family resides in Knoxville, Tennessee.
His younger brother, Bill Haslam, served as the Governor of Tennessee.

Business Career

1976: Haslam began his career at Pilot Corporation.
1980: Named vice president of sales, development, and operations.
1981: Pilot opened its first travel center.
1996: Named president and CEO, overseeing 96 travel centers and 50 convenience stores with total gallon sales of 1.2 billion.
2001: Pilot Corporation joined with Marathon Ashland Petroleum LLC to form Pilot Travel Centers LLC.
2008: CVC Capital Partners acquired a 49.8% interest in Pilot Travel Centers LLC.
2010: Pilot Travel Centers LLC merged with Flying J Inc.
2012: Pilot Flying J acquired Western Petroleum and the majority ownership of Maxum Petroleum, forming Maxum Enterprises LLC. They also merged with Thomas Petroleum to form Pilot Thomas Logistics.
2015: The Haslam family acquired all of CVC Capital Partners’ shares in the company.
Present: Pilot Flying J is one of the largest privately held companies in the US, employing over 24,000 employees, with more than 800 locations generating about $26 billion in annual revenue.

Sports Ownership

2008: Haslam bought a minority interest in the Pittsburgh Steelers.
2012: Reached an agreement to purchase the Cleveland Browns for $1 billion.
2019: Took over ownership of the Columbus Crew in Major League Soccer.
2023: Purchased a stake in the Milwaukee Bucks of the NBA.

Community Involvement

Haslam has served on various boards including Anderson Media Corporation, United Way of Greater Knoxville, Lakeshore Park in Knoxville, and the National Association of Truck Stop Operators (NATSO).
He has been involved in civic activities such as serving as honorary chair of the Boys & Girls Clubs of Cleveland campaign committee and as campaign chair for Knox Area Rescue Ministries and United Way of Greater Knoxville.
Haslam has been recognized for his achievements with awards such as the Junior Achievement of East Tennessee Business Hall of Fame (2007), Ernst & Young Entrepreneur Of The Year for the Southeast region (2010), and the Distinguished Alumnus Award from the University of Tennessee (2013).
He co-founded the Haslam Scholars Program for premier honor students at the University of Tennessee.

How long would it take you to become as rich as Jimmy Haslam?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Jimmy Haslam's net worth of $7.99B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Jimmy Haslam is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jimmy Haslam, Gas Stations and Retail are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey