James Crown, a Billionaire, Died in a Car Wreck on His 70th Birthday at a Colorado Racetrack.

James “Jim” Crown, a multibillionaire businessman, perished in a car racing accident at a motorsports park in Colorado on his 70th birthday.

Crown, a board member at both JPMorgan and General Dynamics, was slain when his vehicle collided with an impact barrier at Aspen Motorsports Park in Woody Creek, according to the Colorado Sun, which cited the coroner.

“The official cause of death won’t be known until an autopsy is done, but there are signs of multiple blunt force trauma,” the Pitkin County Coroner’s Office said in a news statement. “The manner is by accident.”

Crown was the CEO and president of his family’s business, an investment company called Henry Crown and Company. He got his roughly $10.2 billion fortune from the business, which he ran as CEO and president. He was also a managing partner at Aspen Skiing Co. and split his time between Chicago, where he lived most of the time and Colorado.

Since the early 1990s, he has served on JPMorgan’s board.

In a statement, Jamie Dimon, CEO of JPMorgan Chase, said, “We send Jim’s family and loved ones our deepest condolences during this very hard time.” “Our sympathies are also with everyone who knew and loved Jim as I did. He was an important part of both JPMorgan Chase and our lives, and we will miss him very much.

In 2014, former President Barack Obama appointed Crown to his administration’s Intelligence Advisory Board and referred to him as a “dear friend.”

In a statement released on Monday, Obama and his wife Michelle expressed their deep sorrow over Crown’s passing.

In a joint statement, the former president and first lady said, “Jim was a pillar of Chicago, a prominent voice in the Jewish community, and a true civic leader who loved our city.” “…He cared a lot about Chicago and making it a place where everyone could do well, no matter who they were or what part of town they lived in.

Crown was prominent in Chicago and Colorado community affairs. He served as emeritus chair of the Aspen Institute and as a trustee of the Museum of Science and Industry, the Civic Committee, and the University of Chicago.

“He was so much more than the business or civic leader for which he will be remembered; he was a dynamic and deeply devoted son, husband, father, brother, and friend,” the Obamas said. We are so fortunate to have met him.

Crown is survived by his wife Paula, four children, numerous grandchildren, and his parents.

In a statement to the media, a family member said, “The Crown family is deeply saddened by Jim Crown’s sudden death.” “The family asks that they be left alone during this hard time.”

Several local organizations, including the coroner’s office, the Pitkin County Sheriff’s Office, and the Colorado State Patrol, are looking into the fatal crash.