Back to People

Drayton McLane

Born 1936 · Age 90

American billionaire businessman. Built the family McLane wholesale grocery business into a national logistics enterprise, sold it to Wal‑Mart in 1990, founded McLane Group, and owned the Houston Astros (1993–2011). Major philanthropist and civic leader.

Total Events
55
Career Span
87 years
Peak Net Worth
$2,900,000,000

Compare Your Trajectory

See how your career milestones stack up against Drayton McLane and other industry leaders.

Life & Career Timeline

1936Age 0

Born in Cameron, Texas

Drayton McLane Jr. is born to the McLane family, the third generation in wholesale grocery business.

7/22/1936Net Worth: $1,000Source
Confidence
95%
1945Age 9

Begins working for family business at age 9

Started working summers and Saturdays sweeping floors and helping at the family wholesale grocery business.

1/1/1945Net Worth: $1,000Source
Confidence
90%
1954Age 18

Graduated C. H. Yoe High School

Completed high school in Cameron, Texas.

1/1/1954Net Worth: $2,000Source
Confidence
95%
1958Age 22

Earned BBA from Baylor University

Received Bachelor of Business Administration from Baylor University.

1/1/1958Net Worth: $5,000Source
Confidence
95%
1959Age 23

MBA (Marketing) from Michigan State University

Completed Master of Business Administration in marketing at Michigan State University.

1/1/1959Net Worth: $7,000Source
Confidence
95%
1959Age 23

Returned to family firm; night-shift truck loader

After graduate school he returned home and worked second (night) shift loading trucks at McLane Company for 18 months.

1/1/1959Net Worth: $10,000Source
Confidence
90%
1962Age 26

Promoted to Vice President of Purchasing

Three years after returning he moved into management as VP of purchasing.

1/1/1962Net Worth: $20,000Source
Confidence
85%
1964Age 28

Began 14-year tenure as General Manager of Operations (approx.)

Served around 14 years as general manager of operations prior to becoming top executive (dates vary by source).

1/1/1964Net Worth: $50,000Source
Confidence
60%
1965Age 29

Became President & CEO of McLane Company (source variant)

Some sources state he served as president & CEO from 1965; sources vary on exact start year.

1/1/1965Net Worth: $200,000Source
Confidence
50%
1970Age 34

President, Texas Wholesale Grocers Association

Served as president of the state trade association (1970–1971).

1/1/1970Net Worth: $800,000Source
Confidence
90%
1975Age 39

Major national expansion milestone (midpoint)

During his leadership the firm expanded from a small regional operator to a national distributor; 16 distribution centers were added over his tenure.

1/1/1975Net Worth: $3,000,000Source
Confidence
60%
1978Age 42

Listed as becoming President & CEO (alternate source)

Some sources note 1978 as the year he became president & CEO; included because multiple texts mention 1978.

1/1/1978Net Worth: $5,000,000Source
Confidence
45%
1985Age 49

Received Boy Scouts Silver Buffalo Award (first)

One of his early major civic honors recognizing service to youth organizations (sources cite first award in 1985).

1/1/1985Net Worth: $20,000,000Source
Confidence
80%
1986Age 50

Chairman, National American Wholesale Grocers Association (start)

Served as chairman of the national trade association (1986–1988).

1/1/1986Net Worth: $30,000,000Source
Confidence
90%
1987Age 51

Arthur Young/VENTURE Magazine 'Entrepreneur of the Year'

Recognized nationally for entrepreneurial leadership in the food distribution industry.

1/1/1987Net Worth: $35,000,000Source
Confidence
80%
1988Age 52

Received Silver Antelope Award (Boy Scouts)

National-level scouting recognition; part of his ongoing civic honors.

1/1/1988Net Worth: $40,000,000Source
Confidence
80%
1989Age 53

Boy Scouts Distinguished Citizen Award (H.O.T. Council)

Another civic honor cited in sources.

1/1/1989Net Worth: $50,000,000Source
Confidence
80%
1990Age 54

Sold McLane Company to Wal‑Mart (transaction; cash + Wal‑Mart shares)

McLane Company was merged/sold to Wal‑Mart; Drayton McLane Jr. received cash and Wal‑Mart stock and took a role as vice chairman of Wal‑Mart.

1/1/1990Net Worth: $350,000,000Source
Confidence
45%
1990Age 54

Named Vice Chairman of Wal‑Mart Stores, Inc.

After the McLane Company deal he was named vice chairman at Wal‑Mart while remaining chairman of McLane Company for a period.

1/1/1990Net Worth: $375,000,000Source
Confidence
60%
1991Age 55

Received W.R. White Meritorious Service Award

Award cited in sources (listed among honors around early 1990s).

1/1/1991Net Worth: $390,000,000Source
Confidence
60%
1992Age 56

Founded McLane Group L.P.

Established McLane Group as a family holding company to manage investments and varied enterprises (McLane Group founded in 1992).

1/1/1992Net Worth: $420,000,000Source
Confidence
90%
1992Age 56

Inducted into Texas Business Hall of Fame (per sources)

Recognized by Texas Business Hall of Fame (sources cite induction circa 1992).

1/1/1992Net Worth: $460,000,000Source
Confidence
70%
1992Age 56

Agreement reached to purchase Houston Astros (announced)

Announced agreement with then-owner John McMullen to buy the Houston Astros (including Astrodome lease) for a reported total of $117 million (approval followed later).

7/24/1992Net Worth: $450,000,000Source
Confidence
90%
1993Age 57

Took full-time role as Chairman of McLane Group (resigned Wal‑Mart roles)

Resigned co-roles at McLane Co. and Wal‑Mart to focus on McLane Group and other pursuits.

1/1/1993Net Worth: $480,000,000Source
Confidence
80%
1993Age 57

First season as owner of the Houston Astros

Astros finished 85–77 in McLane's first season as principal owner (1993).

1/1/1993Net Worth: $490,000,000Source
Confidence
90%
1993Age 57

Named Texas A&M Master Entrepreneur of the Year (1993)

Recognized by Texas A&M University as Master Entrepreneur of the Year.

1/1/1993Net Worth: $500,000,000Source
Confidence
80%
1993Age 57

Front office shakeup: fired Bill Wood and Art Howe; promoted Bob Watson and Terry Collins

Major management change following 1993 season; Watson became GM and Collins manager.

10/5/1993Net Worth: $485,000,000Source
Confidence
90%
1995Age 59

Publicized cumulative team operating losses of $65M (by 1995)

McLane stated he had lost about $65 million on the Astros by 1995 and appealed to fans and business community to increase season-ticket base.

1/1/1995Net Worth: $510,000,000Source
Confidence
85%
1995Age 59

Hired Gerry Hunsicker as General Manager

After a GM search McLane and Tal Smith hired Gerry Hunsicker in November 1995 to build the Astros' front office.

11/1/1995Net Worth: $520,000,000Source
Confidence
90%
1996Age 60

Harris County stadium referendum passes

Referendum passed (by ~16,000 votes) enabling construction of a new baseball stadium (later Daikin Park/Enron Field/Minute Maid Park).

11/1/1996Net Worth: $540,000,000Source
Confidence
90%
1997Age 61

Astros win NL Central division title

1997 team (payroll ~$33M) won the National League Central — first division title since 1986.

1/1/1997Net Worth: $560,000,000Source
Confidence
90%
1997Age 61

Golden Plate Award (American Academy of Achievement)

Received the 1997 Golden Plate Award; national recognition of achievement.

1/1/1997Net Worth: $600,000,000Source
Confidence
90%
2000Age 64

Astros move into new stadium (Daikin Park / Enron Field / Minute Maid Park)

Franchise moved into a new downtown Houston ballpark in 2000 (stadium project enabled by 1996 referendum).

1/1/2000Net Worth: $600,000,000Source
Confidence
90%
2000Age 64

Named Houston Community Partners 'Father of the Year' (circa 2000)

Civic recognition for family and community contributions (source lists year 2000).

1/1/2000Net Worth: $650,000,000Source
Confidence
70%
2003Age 67

Signed major free agents Roger Clemens and Andy Pettitte (offseason)

High-profile veteran signings during 2003 offseason; both players joined for multi-year stints.

1/1/2003Net Worth: $650,000,000Source
Confidence
85%
2004Age 68

Midseason Carlos Beltrán trade; Astros reach playoffs and win first postseason series

Trade for Beltrán contributed to late-season surge; Astros won NLDS but fell one game short of World Series in 2004.

1/1/2004Net Worth: $700,000,000Source
Confidence
90%
2004Age 68

Received Boy Scouts Silver Buffalo Award (second time)

Awarded the Silver Buffalo again in 2004 (sources indicate a prior award in 1985).

1/1/2004Net Worth: $720,000,000Source
Confidence
85%
2005Age 69

Astros win National League pennant; reach World Series

Astros won NL pennant and hosted the first World Series game played in Texas; lost World Series to Chicago White Sox (swept 4–0).

1/1/2005Net Worth: $750,000,000Source
Confidence
90%
2005Age 69

Elizabeth and Drayton McLane Jr. Chair in Health & Wellness established

Scott and White Memorial Hospital created an endowed chair in honor of Drayton and his wife (joint appointment with Texas A&M Health Science Center College of Medicine).

1/1/2005Net Worth: $760,000,000Source
Confidence
80%
2005Age 69

Established major philanthropy to Baylor University (McLane Student Life Center, carillons, other gifts)

Major, multi-year philanthropic giving to Baylor, including naming of McLane Student Life Center and support across academics and athletics.

1/1/2005Net Worth: $760,000,000Source
Confidence
80%
2008Age 72

Nearly sold Astros after 2008 season (deal with Jim Crane fell through)

McLane was approached about selling the team after 2008; a near-sale to Jim Crane was not completed at that time.

1/1/2008Net Worth: $830,000,000Source
Confidence
85%
2008Age 72

Major benefactor: $4M gift to Michigan State baseball program

Contributed $4 million to MSU baseball facility improvements; stadium later named for the McLane family.

1/1/2008Net Worth: $820,000,000Source
Confidence
90%
2008Age 72

Michigan State names McLane Baseball Stadium after family following $4M commitment

Board of trustees approved naming Drayton McLane Baseball Stadium at John H. Kobs Field after a $4 million commitment by the McLane family.

9/12/2008Net Worth: $820,000,000Source
Confidence
90%
2010Age 74

Announced Houston Astros franchise for sale

Publicly announced he was selling the franchise, citing family reasons and noting a regional TV deal that improved valuations.

11/21/2010Net Worth: $900,000,000Source
Confidence
90%
2011Age 75

Sold Houston Astros to Jim Crane

Sale of the team announced/closed in November 2011; widely reported sale price was $680 million (some sources list $610M).

11/17/2011Net Worth: $1,250,000,000Source
Confidence
85%
2013Age 77

Sued by purchaser Jim Crane (breach of contract / fraud claims)

Two years after the sale Jim Crane filed suit claiming McLane misrepresented the value of the team's TV broadcast rights; McLane countersued.

1/1/2013Net Worth: $1,200,000,000Source
Confidence
80%
2013Age 77

Baylor announces McLane Stadium naming (December 2013)

Baylor University named its new football stadium McLane Stadium in recognition of the McLane family's philanthropy.

1/1/2013Net Worth: $1,300,000,000Source
Confidence
90%
2015Age 79

Chairman, Texas Central Partners High Speed Rail (serving)

Listed among his 'current' roles in sources; he is chairman of Texas Central Partners, the high-speed rail initiative (sources list as current role without start year).

1/1/2015Net Worth: $1,400,000,000Source
Confidence
60%
2015Age 79

Board roles and civic leadership (ongoing)

Served on many boards and civic posts including Boy Scouts national board (VP at large), Baylor Scott & White Healthcare trustees, Baylor College of Medicine trustees, and others (dates span decades).

1/1/2015Net Worth: $1,400,000,000Source
Confidence
60%
2019Age 83

Houston district court ruled favorably for purchaser Jim Crane (legal progress)

A Houston district court issued rulings in the litigation between Jim Crane and Drayton McLane; developments favored Crane in 2019 (per reporting).

1/1/2019Net Worth: $1,350,000,000Source
Confidence
70%
2020Age 84

Political contribution to Donald Trump's 2020 presidential campaign

Contributed $61,200 to the 2020 Trump campaign (itemized donation reported).

1/1/2020Net Worth: $2,000,000,000Source
Confidence
90%
2020Age 83

Named to Governor Abbott's Strike Force to Open Texas

Appointed to a task force charged with advising on reopening Texas during the COVID-19 pandemic.

4/1/2020Net Worth: $2,000,000,000Source
Confidence
90%
2021Age 85

Attempts to dismiss Crane lawsuit denied (rulings allow suit to proceed)

In 2021, attempts by McLane to dismiss the lawsuit were denied and the case continued in the courts.

1/1/2021Net Worth: $1,800,000,000Source
Confidence
70%
2021Age 85

Forbes estimated net worth (public estimate)

Forbes reported an estimated net worth of approximately $2.9 billion (October 2021).

1/1/2021Net Worth: $2,900,000,000Source
Confidence
95%
2023Age 87

Texas Supreme Court ruled Crane can proceed with lawsuit

In 2023 the Texas Supreme Court ruled that Jim Crane could continue with his lawsuit against McLane; prior appellate rulings had also favored Crane.

1/1/2023Net Worth: $1,850,000,000Source
Confidence
70%

Similar Trajectories

Bernie Sanders

Born 1941 · Age 85

Bernie Sanders (b. 1941) is an American politician and activist; longtime independent U.S. Senator from Vermont, former mayor of Burlington, U.S. Representative, two-time major Democratic presidential candidate (2016, 2020), and leading figure in the modern progressive movement.

View Timeline →

Graham Chapman

Born 1941 · Age 85

British actor, comedian and writer; one of the six members of Monty Python; trained as a doctor but pursued comedy; known for roles in Monty Python films Holy Grail and Life of Brian.

View Timeline →

Dennis Ritchie

Born 1941 · Age 85

American computer scientist; co-creator of the Unix operating system and creator of the C programming language; long-time Bell Labs researcher and department head; multiple award winner including the Turing Award and National Medal of Technology.

View Timeline →

John Malone

Born 1941 · Age 85

American billionaire businessman, cable/media executive, major private landowner and philanthropist; long-time CEO of Tele-Communications Inc., chairman and largest voting shareholder of Liberty Media/Liberty Global and Qurate.

View Timeline →

Richard Dawkins

Born 1941 · Age 85

British evolutionary biologist, ethologist, and popular-science author known for popularising the gene-centred view of evolution, coining the term 'meme', and advocating secularism and scientific scepticism.

View Timeline →

Martha Stewart

Born 1941 · Age 85

American entrepreneur, author and television personality; founder of Martha Stewart Living Omnimedia; built a multi-channel lifestyle brand across publishing, TV, merchandising and e‑commerce; convicted in 2004 related to ImClone case, served five months in prison, later staged a business comeback.

View Timeline →