Drayton McLane, Jr.

Drayton McLane Jr. is an American billionaire businessman. He is chairman of the McLane Group, a holding company with a portfolio of various diverse enterprises.

  • Drayton McLane turned his family’s grocery distribution company, McLane Co., into an international firm and sold it to Walmart.
  • McLane became president and CEO of the company and ran it for almost 30 years, averaging a yearly sales growth of 30%.
  • In 1991, he sold McLane Co. to his friend Sam Walton for $50 million and 10.4 million shares of Walmart.
  • In 2003, Walmart sold the company to Warren Buffett‘s Berkshire Hathaway for $1.45 billion.
  • Shortly after 1991, he founded McLane Company, a holding company with a wide array of investments, including a stake in the Houston Astros.

Drayton McLane Jr McLane Group