Who was Jim Moran?
Jim Moran built an automobile empire that ranks as the 30th largest privately held company by Forbes magazine. He was born in August 1918. He was married to Jan Moran. He had 3 children. He passed away in 2007.
JM Family Enterprises
His JM Family Enterprises has annual revenues of more than USD 15 billion.
In 1939 he purchased a gas station for USD 360. That station soon became the largest volume Sinclair outlet in Chicago.
After serving in World War II Moran returned to Chicago. He sold his first car for USD 275.
Within two years Jim purchased his first used car lot. And within 30 days of becoming a Ford dealer in 1955. He turned it into the world’s largest Ford dealership.
His sales topped several million dollars by the time he turned 30. With a knack for showmanship. His commercials made him a celebrity throughout the Chicago area. Where he was known as “Jim Moran the Courtesy Man.”
In 1970 Jim was awarded the franchise for the Pontiac dealership in Hollywood. Which became JM Pontiac and for the next 20 years. It was the largest Pontiac dealership in the world.
The Largest Toyota Distributor
JM Family’s Southeast Toyota is the world’s largest independent distributor of Toyotas. In 2006 his dealerships had sold 6 million Toyotas.
JM Lexus – established in 1989 – is the number one Lexus dealership in the world. It is generating the highest sales volume among more than 190 dealerships. Mr Moran passed away in 2007.
Jim Moran Net Worth
At the time of his death, his net worth was more than $2 billion.
In 2008 Mr. Moran was posthumously honored with The Superyacht Legacy Awar. Recognizing his many contributions to yacht design and ocean conservation. And his enthusiasm for boating and his lifetime of philanthropy.
Moran was a very active philanthropist, through his J Moran Foundation. The foundation is still active, donating US$ 9 million in 2012.
The Moran family has owned a few private jets. Including a Learjet 45 (N453ST) and a Gulfstream IV (N265ST). For a few months, the family owned a Hawker Beechcraft (N350JM).
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