James Crown, a Chicago-based billionaire and respected philanthropist, tragically lost his life in a car crash on Sunday, June 25, his 70th birthday, at the Aspen Motorsports Park in Woody Creek, Colorado.

According to the Pitkin County Coroner’s Office, Crown collided with an impact barrier at the racetrack, resulting in fatal injuries from multiple blunt force trauma. An ongoing investigation by the coroner’s office is set to determine the precise cause of his untimely demise.

At the age of 70, Crown was a notable figure in Chicago’s business scene, holding ownership of the Aspen Skiing Company and playing significant roles in numerous other ventures. His death has sent shock waves through the city and beyond.

Chicago’s Mayor, Brandon Johnson, expressed deep sorrow at the news of Crown’s death. He commended Crown’s substantial philanthropic efforts and contributions to the city, specifically through his active participation on various civic and academic boards.

In his statement, Mayor Johnson emphasized Crown’s embodiment of Chicago’s spirit with his consistent generosity, and his commitment to the betterment of the city and its residents. He conveyed his sincerest condolences to Crown’s wife, their four children, grandchildren, and the broader Crown family, offering prayers in their time of grief.

As per CBS Chicago, Crown was an active member of the Civic Committee of the Commercial Club of Chicago, a non-profit organization. He recently spearheaded an initiative with the committee aimed at raising substantial funds to tackle Chicago’s crime rate through collaborations with local organizations and leaders.

The prior week saw Crown and his wife attending a state dinner at the White House. President Biden, in his released statement, mourned Crown’s passing, praising him as a model American who embodied hard work, compassion, and community spirit. Crown, he said, was a dear friend and a great American.